World Economy

North Korea’s economy accelerated at its fastest pace in 17 years, despite sanctions over its nuclear and missile programs. Gross domestic product grew by 3.9% in 2016 compared with the previous…

Japan logged a trade surplus of nearly $4 billion in June, rebounding from a deficit the previous month, but its politically sensitive surplus with the United States slipped, government data…

Cuban entrepreneurs say US President Donald Trump’s announced policy toward the island already is hurting small private businesses, the opposite of its stated intent.

The International Monetary Fund agreed to a new conditional bailout for Greece, ending two years of speculation on whether it would join in another rescue and giving the seal of approval demanded…

Lebanon has become a shareholder of the European Bank for Reconstruction and Development with a view to becoming a recipient of the bank’s investments and advisory services.

Confidence among German investors fell slightly in July, the ZEW economic institute said Tuesday, adding that the slide was not significant enough to trouble a largely positive outlook.

Australia’s central bank has turned more upbeat on the economic outlook, citing an improving labor market, stronger public investment and a pick up in household consumption.

Truth be told, the United States is far from seeing any economic growth. Americans are struggling. The middle class is slowly dissipating.

South Africa’s Reserve Bank is expected to leave interest rates unchanged at its July 20 meeting, according to a Reuters poll released late Monday, but economists expect a dovish statement as the…

Sweden’s central bank must be ready to use its balance sheet to stabilize inflation at its target level and should remain vigilant over the exchange rate, Riksbank chief Stefan Ingves said in the…

Faced with still-sluggish inflation even as the economy picks up steam, the Bank of Japan will delay again its projected timing for achieving the 2% inflation target, according to a majority of…

Besides the pursuit of lasting peace in Mindanao, the World Bank sees initiatives supporting the agriculture sector as well as human development to create more jobs in the island.

European Union Economic and Financial Affairs Commissioner Pierre Moscovici lauded Portugal on Tuesday for its economic and fiscal progress and said growth would probably exceed 2.5% this year in…

US bank Citigroup is set to become the latest Wall Street bank to pick German financial hub Frankfurt as its European Union base this week in preparation for when Britain leaves the 28-nation bloc…

Sri Lanka’s economy will rebound in coming months as the island nation begins to rebuild after devastating floods, and it could still expand by 4.5 to 5.0% for the full-year, central bank Governor…

US regulators on Monday fined French banking giant BNP Paribas $246 million for poor oversight of its foreign exchange traders who manipulated trading prices, CNA reported. The move came six…

The US dollar has taken a sharp drop on Tuesday, with serious doubts about President Trump’s healthcare reforms adding to doubts about the administration being able to follow its policy agenda,…

Almost everyone in major Chinese cities is using a smartphone to pay for just about everything. At restaurants, a waiter will ask if you want to use WeChat or Alipay—the two smartphone payment…

If the world is to eradicate poverty, address climate change and build peaceful, inclusive societies for all by 2030, greater efforts are needed to accelerate progress on the Sustainable…

Fitch Ratings has affirmed Romania’s long-term foreign- and local-currency issuer default ratings at ‘BBB-’ with stable outlooks, Business Review reported. The issue ratings on Romania’s senior…

One of Asia’s biggest underperformers finally appears to be on the road to recovery. After almost three years of heightened political unrest, low commodity prices and a slump in investor and…

Britons wanted to borrow £12.4 billion ($16.2 billion) through personal loans last year, or £251 ($328) for every person in the country, reflecting how households are increasingly turning to debt…

Gold held steady above a nine-month low on Tuesday, but was poised to post its sharpest monthly loss since June 2013 as a rapid climb in the dollar dimmed its appeal, Business World reported. The…

Indonesia’s statistics bureau revised its figures for May exports and imports on Monday, resulting in a bigger trade surplus than it reported a month ago, Reuters reported. The bureau said the…

London copper hit its highest since early March on Monday, supported by a weaker dollar and as an upbeat second quarter for China’s economy brightened demand prospects for metals, Investing.com…