World Economy

Overall growth of private wealth in Bahrain is expected to increase steadily to 4.5% compound annual growth rate and reach $200 billion over the next five years, a new report said.

The executive board of the International Monetary Fund concluded the Article IV consultation  with Turkmenistan. The country, a major natural gas producer, continues to adjust to a difficult…

The consumer confidence index in Ukraine grew by 3.2 points in May 2017, to 58. It is the highest since July 2014, GfK Ukraine reported last week, Interfax reported. Index of expectations of…

Malaysia’s economy will continue its steady first quarter growth momentum into the subsequent quarters, in line with that of most advanced economies, according to an economist, Bernama reported.…

Fitch Ratings said it has affirmed Serbia’s long-term foreign and local currency Issuer Default Ratings at ‘BB-’, with a stable outlook, seenews reported. “Serbia’s long-term foreign- and local-…

Prices in China's sizzling property market kept pace in May with the previous month, indicating resilient demand despite the imposition of tougher official measures to curb surging prices.

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European stocks gained ground in morning trading Monday, following Asian markets higher ahead of a busy week.

The Stoxx Europe 600 index was up 0.7% in European midmorning trading. US…

The German government is sticking to its growth outlook for Europe’s biggest economy despite solid economic data and upbeat sentiment indicators, Economy Minister Brigitte Zypries said in a…

The steep decline in South Africa's business confidence is a setback to economic growth recovery and will dampen investment, ratings agency Moody's said on Monday, after Africa's most…

Nguyen Th? Hong, deputy governor of the State Bank of Vietnam, said as of May end bank credit had grown at 6.58% in the year-to-date, an eight-year high, VNA reported. The rate in the same period…

A flood of Chinese bankers is changing the social fabric of Hong Kong, as they rapidly expand their footprint in one of the world’s premier financial centers, even as Beijing struggles to tame the…

The news on inequality is both good and bad. While global income disparity has narrowed significantly over recent decades thanks to robust economic growth in many low- and middle-income economies…

Amazon’s deal to buy Whole Foods Market injects even greater pressure into the food and grocery sectors at a time when e-commerce is already roiling retailers.

The tech giant’s $13.7…

The hedge fund industry is starting to recover from a bruising stretch. More traders are launching hedge funds. Total assets have stabilized, with some strategies even experiencing marked inflows…

Greece could return to the markets between autumn this year and spring 2018, Thomas Wieser, the head of the EuroWorking Group, told Austrian radio station ORF on Saturday, TornosNews reported. “…

South Korea’s youth unemployment has grown by the largest margin among member countries of the Organization for Economic Cooperation and Development, data showed Sunday.

As of April, the…

Economic experts have cautioned the federal government in Nigeria against further borrowing, saying the country’s debt profile of N19 trillion ($58.55 billion) portends danger for the economy.

Portugal’s finance minister has said that the country intended to make an early repayment of €1 billion ($1.12 billion) to the International Monetary Fund before the end of this month as part of…

A key part of House Republicans’ plan to overhaul the way corporations pay taxes is on life support, leaving lawmakers scrambling to save one of President Donald Trump’s biggest priorities and…

Leaders of the China-backed Asian Infrastructure Investment Bank touted its growing membership and commitment to sustainable development at its annual meeting, even as environmental groups were…

Recent diplomatic and economic sanctions on Qatar by a group of states led by Saudi Arabia, the UAE, Bahrain, Egypt, Libya, Yemen and a few other small countries is expected to have severe…

Fractured roads, shattered rail links, ruined water wells, broken power lines. They’re distressing facts of life for many communities in Asia and the Pacific, even as countries invest more than…

Growth of real gross domestic product in the Group of 20 area was stable at 0.9%, in the first quarter of 2017, according to provisional estimates.

Senior finance officials from China and Brazil Sunday agreed to step up cooperation in fiscal and financial areas to advance bilateral comprehensive strategic partnership, Xinhua reported. Finance…

As the clock ticks towards the 2030 deadline for meeting global goals to eradicate hunger and poverty, the United Nations agriculture agency Friday asserted that five vitally important emerging…