World Economy

Net foreign assets at Saudi Arabia’s central bank, a measure of its ability to support its currency, look set to fall sharply this year as oil prices slump and Riyadh expands its sovereign wealth…

Moody’s Investors Service Tuesday affirmed the government of the Philippines’ Baa2 long-term issuer and senior unsecured debt ratings and maintained the outlook at stable.

Central Europe is benefiting from the upturn in the eurozone, its largest export market. With unemployment rates dropping to post-communist lows, increased job security is boosting consumer…

The European Union is experiencing a newfound confidence that could unlock demand and investment, ECB president Mario Draghi said Tuesday, while insisting on “prudence” in any monetary adjustments…

The Bank of International Settlements urged governments to allow growth trends toward long-term averages to target structural reform while warning against inflation and protectionist winds.

Italy will pay up to €17 billion ($19 billion) to break up two insolvent Venetian banks, which have posed a threat to the country's banking system, the government announced late Sunday.

Tough rules capping annual bonuses for banking bosses may cost The Netherlands 17,000 jobs and a billion euros in lost revenues after Brexit, a Dutch employers organization warned Monday.

The Bank of Japan's deputy governor, Kikuo Iwata, speaking to reporters last week said that the central bank must continue with its massive quantitative easing program in order to guide inflation…

German business confidence soared to a "jubilant" new high in June, having already reached a quarter-century peak the previous month, a survey said Monday.

The closely-watched Ifo business…

Japan's crisis-hit car parts maker Takata filed for bankruptcy protection Monday and said its chief executive would quit after a deadly airbag crisis that triggered the auto industry's biggest…

Argentina seems to have escaped its recession, with the country’s national statistics agency reporting that the economy grew by 0.3% in the first quarter of this year compared to the same period…

The CEO of the World Trade Center Accra, Emmanuel Doni-Kwame, is urging a diversification of Ghana’s economy to ensure that jobs are created to cater for all the hands that will be rendered…

Moody’s changed Greece’s outlook to positive from stable and said that it sees tentative signs of the economy stabilizing.

The eurozone government had given Greece another 11th-hour credit…

The Euro paused to consolidate last week having faced heavy selling pressure though the first half of June, helped by a lull in heavy-hitting news flow. A barebones data docket leaves the single…

As any market veteran can tell you, those on the sell-side are the second-to-last to concede to a slowdown in economic activity. It’s unseemly to make negative calls when a firm’s main objective…

Mexican retail sales rose for the second time in three months in April, official data showed, pointing to continued support for Latin America’s second biggest economy from private consumption.

Cambodia’s central bank is pressing ahead with trials for interbank payments using blockchain technology, ultimately hinting at a cashless system for the entire economy.

The eurozone economy is growing and unemployment is falling, but underlying inflation is not rising because wage growth has not yet picked up, European Central Bank President Mario Draghi told…

Wexford has one of the highest unemployment rates in the country according to the latest figures from Census 2016. Last Thursday the Central Statistics Office released the fourth in the series of…

Taiwan’s gross domestic product for 2017 is expected to grow more than 2% on the back of a global economic recovery, but may slow down in the third quarter of the year, according to Cathay…

The European Central Bank has pulled the plug on two troubled Italian banks, sending them into insolvency proceedings as it pushes ahead with efforts to clean up weak banks holding back the…

Qatar is not sounding the alarm bells just yet. When its neighbors severed diplomatic ties and cut land, sea and air links, panic rippled through the tiny Persian Gulf Arab state. There was a rush…

China’s flagship One Belt, One Road infrastructure program has far from enough financing right now, representatives from Beijing said in New York last week.

Direct investments made by European Union countries in Turkey increased by 42% in the first four months this year, compared to the same period last year, as the total amount reached $1.7 billion,…