World Economy

Russia’s central bank on Friday decreased its key interest rate to 9% from 9.25% in line with its policy to gently invigorate the country’s economy. “The Bank of Russia board of directors decided…

Germany has recently been criticized for its large trade surplus. Ever since Donald Trump took up the topic, businesses have been worried. Now a new study takes on these accusations.

A consortium led by global steel giant ArcelorMittal said the Italian authorities had cleared it to buy struggling steel producer Ilva, but thousands of jobs are threatened, AFP reported. The €1.8…

In a bid to arrest its economic slowdown, China has eased restrictions on foreign investment in its free trade zones, removing 27 items across eight sectors including mining, manufacturing and…

As it stands, there’s only one major central bank that’s trying to raise interest rates: the US Federal Reserve. Across the globe, the majority of central banks are keeping rates low, while others…

Economic growth in Argentina, Latin America’s second-largest economy, seems to be on the path to recovery. Its economic index in May 2017 displayed remarkable improvement.

The country’s…

China has provided financial support to Kenya because it is confident with Kenya’s bright future in economic development, a Chinese diplomat said, Xinhua reported. Guo Ce, economic and commercial…

The Tokyo Stock Exchange suspends trading in Takata shares as reports circulate that the beleaguered airbag manufacturer is planning to file for bankruptcy in Japan and America as early as next…

Egypt’s revenues from Suez Canal trade declined in January to register $395.2 million compared to $434.8 million in the same month last year, according to data from the Suez Canal Authority…

Americans still feel good about the Trump economy, but they are cooling to it. Consumer confidence fell in June to its lowest point since November, according to the University of Michigan’s…

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.

It is almost 10 years since the financial world began a wobble that would swing into what it is now known as the global financial crisis. On June 22, 2007, the public downfall of New York-based…

On June 5, several (Persian) Gulf Cooperation Council countries, including Saudi Arabia, the United Arab Emirates and Bahrain severed diplomatic ties and cut off sea and air links with Qatar,…

The International Monetary Fund said the outlook for Pakistan’s economy was ‘favorable’, citing Chinese infrastructure investments among reasons for growth, but warned of risks to recent progress…

Singapore’s exports shrank for a second straight month in May, though electronics shipments continued to grow solidly to support an economy that wobbled in the first quarter and faces risks from…

The unemployment rate in Turkey fell 0.9 percentage points between February and April to reach 11.7% after it had marked its highest rate in seven years, the Turkish Statistical Institute revealed…

The Bank of Japan kept monetary policy steady on Friday and upgraded its assessment of private consumption and overseas growth, signaling its confidence that an export-driven economic recovery was…

A predictable exit from the European Union would be better for the British economy than a “crash situation”, the IMF’s Christine Lagarde told CNBC.

Wages for French workers grew at their fastest pace in three years at the start of 2017–showing welcome signs of acceleration as the country prepared for its major presidential election.

Migrants are sending home billions of dollars more than they did a decade ago—and the rate of growth in remittances is almost double the increase in migration, according to a UN report.

German Chancellor Angela Merkel shares concerns that proposed new US sanctions against Russia could hurt European companies, her spokesman says. He called the plans “peculiar”.

Amazon.com Inc. will acquire Whole Foods Market Inc. in a $13.7 billion deal, marking the biggest transaction ever for the e-commerce giant as it pushes deeper into groceries.

Australia’s best three months of hiring since 2004 has brought the jobs market into line with buoyant business conditions—signaling the economy could be in better shape than recent GDP data showed…

India has been ranked the top exporter of information and communication technology services in a new UN report which highlighted the rise of the country as an emerging innovation center in Asia.…

By promising Thursday to approve a new aid plan for Greece, but without releasing any money, the IMF has again departed from its usual procedures to support Athens, exposing itself to accusations…