World Economy

A ratings agency downgraded Qatar’s economic outlook as a deadline for the country to meet demands imposed by its Persian Gulf Arab neighbors passed on Wednesday. Saudi Arabia and Arab allies that…

The European Parliament on Tuesday passed a directive requiring big multinationals to report tax and financial data separately in all countries where they operate, a measure aimed at tackling tax…

Growth in Britain's services sector weakened to its lowest in four months in June, according to a Markit survey published on Wednesday that also found business optimism dropped to its second-…

The EU competition commission has approved a €5.4 billion ($6.14 billion) bailout of Italy’s troubled Monte dei Paschi di Siena, the world’s oldest bank, as part of a major overhaul.

The…

Uganda’s private-sector business activity expanded faster in June than it did in May, buoyed by stronger domestic demand and looser monetary policy, a survey showed on Wednesday, Reuters reported…

The decline in correspondent banking, a crucial channel for moving cash from one country to another, shows no sign of slowing despite measures agreed in 2015 to stem the slide, global regulators…

Three stock markets have never returned to the peaks they achieved in the years before the Asian financial crisis triggered a region-wide selloff two decades ago.

Borrowing costs across the euro area fell on Tuesday as signs that some ECB policymakers are having doubts about signaling a move away from an ultra-easy monetary policy stance in July bought some…

General Electric on Monday completed its buyout of Baker Hughes Inc, merging it with its own oil and gas equipment and services operations to create the world’s second-largest oilfield service…

Industrial output in Brazil rose for a second straight month in May, government data showed on Tuesday, underpinning hopes that the economy will not fall back into recession despite an escalating…

The executive board of the International Monetary Fund has recently endorsed the disbursement of $16.1 million emergency financial assistance to the Gambia government, AllAfrica reported.

Australia’s central bank held interest rates at a record low Tuesday as the economy endures a soft patch while wage growth stutters, shunning indications of a move to tighter monetary policy…

Russian state development bank VEB signed an agreement on Tuesday to attract six billion yuan ($882.35 million) from China Development Bank for innovations, including the development of blockchain…

Emerging markets should brace for signs of monetary policy shifts in developed nations, and South Korea will remain vigilant to such signs that are moving toward ending a decade of fiscal stimulus…

Japan's core inflation (excluding food) increased for the fifth straight month in May, 2017. It grew 0.4% in the month compared with 0.3% in April. This was the fastest rise in more than two years…

The Saudi Arabian non-oil private sector economy was sustained in June, but growth lost momentum. Both new orders and output increased at the weakest rates in eight months, while growth of buying…

Goldman Sachs is out with a call on bitcoin, and chart analyst Sheba Jafari expects the digital currency could rise as high as $3,915. That would be 52% above Monday’s price of about $2,567.

Malaysia’s economy can grow 5% or more this year, based on the country’s first-half performance, said Treasury Secretary General Mohammad Irwan Serigar Abdullah, Bernama reported. “The country’s…

Romania had attracted, by the end of 2016, €17 billion ($19.29 billion) in EU funds, out of the €18.8 billion for the 2007–2013 financial framework, recording a 90.4% absorption rate, the National…

The European economy is humming again—except for Britain, where fears about the effect of the country's exit from the European Union are taking an increasingly heavy toll on business and consumer…

Spain’s economy would grow by 2.6% in 2018, according to the last predictions announced by the  government.

The government has revised up its economic predictions for both 2017 and…

Asian markets reversed early gains Tuesday to sit mostly down in the afternoon as a sell-off in technology shares overshadowed a record close on Wall Street and a rally in energy firms.

Eurozone factories had their busiest month in more than six years during June, with the expansion even spreading to Greece, a persistent laggard.

The pickup is consistent with other…

The “shadow economy” in India will shrink to 13.6% of the GDP by 2025, a study by Association of Chartered Certified Accountants said. Shadow economy refers to the production of and trade in goods…

Confidence among Japan’s biggest manufacturers has risen for the third straight quarter to the best level in more than three years, a key central bank survey showed Monday as exports continue to…