World Economy

Spain’s central bank has revised upward its 2017 growth forecast from 2.8% to 3.1% owing to strong consumer demand and exports, AP reported. In a report Tuesday, the bank also revised upward its…

Chief executive officers around the world are still broadly confident about global economic prospects, despite an increasingly uncertain geopolitical environment, according to a report by KPMG…

Singapore-based DBS Bank said it is seeing early signs of an overheating Philippine economy–making a case for a monetary policy tightening in the coming months.

The Bank of Canada is encouraged by a broadening of economic strength, which includes gains across 70% of industries, a top official said, in what was widely seen as a “hawkish” speech from the…

German Chancellor Angela Merkel has underscored the importance of combating poverty in Africa as a way to stem the mass migrant flow to Europe. Merkel has made ties with Africa the focus of…

The International Monetary Fund increased its 2017 growth forecast for Italy to 1.3% from the previously more modest 0.8%.

But Italy’s GDP growth will slow through 2018-2020 to reach 1%,…

The inflation rate in consumer prices in the UAE during the first five months of 2017 stood at 2.2%, according to Statistics Center, Abu Dhabi, a report said. The relative change rate in consumer…

Fraud in the mining sector since 1998 has cost Tanzania €75 billion ($84 billion), an investigating commission said, blaming foreign companies failing to declare revenues.

The conclusions…

A deal on debt relief for Greece is “not far”, France’s new Finance Minister Bruno Le Maire said ahead of crunch eurozone talks on the issue on Thursday.

“I am optimistic that we will have…

If the eurozone countries continue to insist on balancing the books and cutting in half their current public debt to GDP ratio, it simply follows that the European Central Bank  has to…

Saudi Arabia’s mining sector is faced with six key obstacles to improving efficiency, according to a recent study. The study revealed that the biggest obstacles include the industry’s focus on the…

Investors are deepening their love affair with emerging-market debt at a time of profound complacency in stocks and bonds. As they do so, some buyers may be disregarding some fundamental facts.

After years of financial distress and struggle, the Brazilian economy grew by 1%, according to government agencies. During the first three months of 2017, the Brazilian GDP grew by 1% as compared…

Economists are divided on the likely strength of GDP growth for the March quarter, which is to be revealed on Thursday. ASB senior economist Jane Turner is picking growth of just 0.5% for the…

Most Southeast Asian stock markets edged up on Monday ahead of a US Federal Reserve policy meeting that could give hints on the pace of further rate tightening in the months to come and next year…

The trade turnover between Russia and the United States may substantially rise this year, the Russian trade representative in the US Alexander Stadnik said, Tass reported. “The results of the…

Four of the world’s key central banks are going to hold policy meetings this week, including the Federal Reserve in the United States, which will be watched the most closely, portfolio reported.…

Turkish economic growth surged to 5% in the first quarter, data from the Turkish Statistical Institute showed on Monday, exceeding a forecast of 4% in a Reuters poll. First quarter GDP expanded a…

French economic growth will accelerate in the second quarter of the year and business sentiment indicators remain above their long-term average, the Bank of France said Monday, MarketWatch…

The pound has hit a new seven-month low against the euro, and is falling further against the dollar too. It fell by as much as 0.86% to €1.1279 against the euro, surpassing Friday’s seven-month…

Strong speculative demand kept palladium near 16-years highs on Monday, but weak fundamentals are expected to soon take their toll on prices of the metal used to make autocatalysts for gasoline-…

Qatar Airways has made Doha a global hub in just a few years, but barring it from Persian Gulf Arab states' airspace threatens its position as a major transcontinental carrier, experts say.

Investors who fret about when and how global central banks will run down their crisis-era balance sheets can be relaxed about the biggest of them all—China’s.

The Dutch central bank on Monday raised its 2017 forecast for economic growth in the Netherlands to 2.5%, saying strong international trade and corporate investments will bring the strongest…

Unemployment may be hovering below 3%, but the oil crisis that has hammered Scandinavia’s richest nation could be leaving a permanent mark. More than a fifth of its working age population relied…