World Economy

For all the talk of world economies rising in sync, there does not seem to be an abundance of optimism about how long it will last.

Tucked away in Reuters latest quarterly economic poll…

The Industrial Economics and Knowledge Center under the government-sponsored Industrial Technology Research Institute has raised its forecast of output growth for Taiwan’s manufacturing sector due…

France’s banking watchdog said Friday it had fined Societe Generale €5 million ($5.8 million) over lapses in its measures to prevent money laundering that could finance terrorism, AFP reported.…

South Korea’s parliament approved an extra budget that had been caught up in a fight between the new government and the opposition for the past month, Bloomberg reported. The 11 trillion won ($9.8…

The US-based credit rating agency Fitch Ratings on Friday affirmed Turkey’s credit rating at ‘BB+’ and said that its economic outlook remained stable. The country’s credit rating is a balance of “…

Saudi Arabia’s economy will stall this year with growth “close to zero” due to lower oil revenue, the International Monetary Fund said.

Pakistan’s macroeconomic stability earned in the past three years could be undermined if the country fails to continue with its reforms, the IMF has warned, amid the political tension over the…

The United States under Donald Trump is considering financial sanctions on Venezuela that would halt dollar payments for the country’s oil, according to a senior White House official and an…

Central banks have a problem: growth in much of the world is accelerating, but inflation has failed to take off. Of course, for most people, growth without inflation is the ideal combination. But…

Hong Kong’s government is likely to raise its growth target as the city’s economy expands faster than expected this year, Financial Secretary Paul Chan said, Bloomberg reported. The government is…

For all the brave front that Qatar is putting up in wake of the boycott by some Persian Gulf Arab states over Doha’s alleged role in assisting terror groups in the region, the reports from those…

Italy gets worse every time you look at it and offers less and less to young people, says Antonio Davide D'Elia, just one of thousands of young Italians who have decided to try their luck abroad…

The euro’s blistering rise to a two-year high could start to threaten the bright outlook for European firms’ profits, big brokers and investors warned, putting a dampener on enthusiasm around the…

Germany’s largest lender Deutsche Bank is bracing for Brexit and will have to move jobs from London to its headquarters in Frankfurt, chief executive John Cryan has said. Bank of America is also…

Spain’s foreign trade gap widened in May from a year ago, as imports grew faster than exports, preliminary figures from the economy ministry showed Friday, RTTNews reported. The trade deficit rose…

Energy-rich (Persian) Gulf Cooperation Council Arab nations have scrambled to adjust to the slump in oil prices since 2014. Three years on, their economies are mired in weak growth and largely…

South Korea’s economy likely grew at a slower pace in the second quarter from three months earlier, a leading provider of economic analysis said Friday.

Ghana dropped nine places to rank 18th position in investment performance in Africa with a net foreign direct investment of $3.5 billion in 2016 according to the Africa Investment Index, GNA…

The Italian parliament’s budget office UPB said in a report on Friday that Italy’s economic recovery had “strengthened slightly” and that GDP growth could reach 1.2-1.3% this year, ANSA reported.…

Russia’s consumer price inflation came in at 0.1% level in the week between July 11 and 17. The key figure of the weekly report is 1.7% week/week decline in food and vegetable prices, which…

A secretive US government panel has objected to at least nine acquisitions of US companies by foreign buyers so far this year, people familiar with the matter said, a historically high number that…

Brazil’s government on Thursday increased a spending freeze and raised taxes to cover a budget gap this year, reinforcing its commitment to fiscal discipline but dealing a potential blow to…

Artificial intelligence could nearly double Singapore’s annual economic growth rates by 2035, according to a new report. It noted that AI could help the country expand faster than major economies…

The Manila-based Asian Development Bank said on Thursday that India is expected to achieve its previous growth projections of 7.4% in 2017 and 7.6% in 2018, largely driven by strong consumption.…

The European Central Bank must be “patient” as it pushes to bring inflation towards its target of just below 2%, president Mario Draghi said Thursday. Draghi sought to play down expectations that…