World Economy

With Brazil and Argentina emerging from recession this year, the overall economic picture in Latin America is continuing to improve, but significant risks remain for a region-wide recovery, stated…

Malaysia’s economy is poised to expand in the second half of 2017 based on the positive leading index and coincident index for May, the Statistics Department reported Monday. It said the LI, which…

The all-items Singapore consumer price index (CPI) eased to -0.5% in April from -0.3% in March, mainly on account of a sharper price decline in oil-related items and a moderation in services…

Prospects for tighter monetary policy in Europe and other countries could pose a fresh problem for the US Federal Reserve as it meets this week to ponder a plan to shrink its balance sheet.

Economic growth in the Middle East and North Africa is forecast to slow considerably over oil prices as the Saudi economy slides, the International Monetary Fund said on Monday.

The European Commission plans to hit back “within days” at the United States if possible new sanctions against Russia, which could be finalized by the end of the month, are agreed upon and leave…

Japanese commuters are being encouraged to work from home, albeit only on July 24. The nationwide “Telework Day” is an experiment aimed at reducing congestion as the 2020 Olympic Games in Tokyo…

Amid all the noise about the future of its trade relationship with the US, Mexico is quietly creating jobs at a record pace and reducing the informality that for decades has held back its economy…

The euro rose to a 23-month high against the dollar on Monday as investors remained bullish after latest business growth data for July pointed to only a mild slowdown, suggesting the eurozone…

Dutch electronics giant Philips on Monday posted a 32.9% fall in second quarter profits, hit mainly by the costs of spinning off its lighting business last year, AFP reported.

Ryanair has made a “non-binding offer” for its loss-making Italian rival Alitalia, the Irish no-frills carrier said on Monday, AFP reported. “We have made a non-binding offer for Alitalia. As the…

Business confidence across the Middle East and US has fallen sharply in the last quarter and is now at its lowest level since the second quarter of 2016, according to the latest edition of the…

A new lead and zinc mine in northwestern Cuba is on track to start production in October as part of the Caribbean island’s attempt to breathe fresh life into its mining sector, the joint venture…

Manufacturing, tourism, wholesale and retail trade will be the main growth drivers for Oman’s economic development, according to a study on future investment and development conducted by the…

Kazakhstan’s GDP grew 4.2% in the first six months of the year due to the growth in industry, construction, agriculture, transportation, warehousing and trade, noted Minister of National Economy…

Japan needs to resolve its severe labor shortage, last seen roughly a quarter-century ago, to achieve sustainable economic growth, a government report shows.

Over the past week data coming out from the Thailand government and the private sector are showing signs that could be worrisome in the medium to longer term for the country. Rising household debt…

South Korean banks posted surprisingly good first half earnings on the back of an economic recovery and an uptick in interest rate, industry data showed Sunday, stirring up concerns over their…

Greece could be close to returning to sustainable economic growth at last after almost a decade of devastating recessions and crises, economists believe.

The world may be about to see the first sovereign producer to unequivocally fail. The oil producer in question is Venezuela, and that assessment comes courtesy of Helima Croft, who is global head…

While there is much concern among the public about China’s local government debt and corporate debt, which are considered key sources of risk, the rising household debt and the consequent…

In an insightful and captivating lecture, famous academic Prof. Wang Gungwu shares his findings and predictions on China and Southeast Asia. A bright and promising future is in store for Southeast…

Spain’s economic minister says the economy is doing better than the government expected as it continues to rebound strongly from recession, AP reported. Luis de Guindos told Spanish newspaper ABC…

Three US airlines have agreed to each pay hundreds of thousands of dollars in fines to settle government claims that they violated rules aimed at protecting consumers, AP reported. The…

As the economy improves and household savings rates stand at an historic low, more and more Finns are choosing to fund their consumer spending with borrowed money, yle.fl reported. Finland’s…