World Economy

South Korea’s government on Friday expressed worry about weak private consumption despite signs of recovery.

The ministry of strategy and finance said in its monthly economic assessment…

Australia is now officially three months shy of notching up 26 years without a recession, a feat surpassed only by Japan.

While Estonia’s export outlook for the next few quarters is good, import being stronger than export is curbing economic growth, Swedbank chief economist Tonu Mertsina said in his comments on April…

Asia’s competitiveness in fintech is being undermined by the rivalry among the region’s financial centers that has created regulatory complexity and uncertainty, a financial lobby group has warned…

The European Central Bank left its benchmark interest rate unchanged on Thursday and dropped any reference to a future rate cut. In a statement ECB said it expected interest rates to “remain at…

The Qatari riyal fell to a new one-year low against the dollar in futures market due to continued speculation in the currency markets regarding it, reported Alarabiya. There are also concerns over…

German industrial production rose by more than expected in April, data showed on Thursday, reviving hopes the sector can extend an upturn in Europe’s biggest economy after orders data disappointed…

Japanese internet, solar and technology company SoftBank Group Corp. is buying robotics pioneer Boston Dynamics from Alphabet Inc., Google’s parent, AP reported. Terms of the deal, announced…

Malaysia’s industrial production rose at a slower-than-expected pace in April driven mostly by the manufacturing sector, while mining and electricity output declined, Nikkei reported. The…

A major Philippine bank shut down online access and its cash machines for a second day Thursday because of a glitch that drained some accounts but added money into others, creating at least one…

On Friday, a group of economists published a letter urging the US Federal Reserve to consider a monumental change in policy: raising its target for inflation above the current 2%.

The world's richest economies must do more to tear down trade barriers in services that ramp up costs for consumers and businesses, according to the Organization for Economic Cooperation and…

Kenya will cut its growth forecast to reflect the impact of a drought that slashed agricultural output in East Africa’s biggest economy and left the country short of its staple food, Treasury…

The International Monetary Fund on Thursday praised Cyprus for making progress since it exited a bailout regime but called on it to reduce bad loans and to press ahead with reforms.

In an…

Egypt’s monthly inflation rate held steady in May, offering new indications that the price surges triggered by the lifting of currency controls were plateauing as the government pushed ahead with…

The United Nations Conference on Trade and Development released a report on foreign direct investment around the world.

According to the report, FDI flows to developing countries fell by 14…

Mexico’s annual inflation rate rose in May to its highest level in more than eight years, fueled by higher energy prices and lingering uncertainty over the key US trade relationship.

The French economy is set to expand slightly more than expected through 2019 thanks to stronger international trade, but is at risk of breaking its public deficit commitments, the central bank…

The EU’s security screening of Bangladesh exports could damage the country’s multibillion dollar textile industry, garment manufacturers alleged on Thursday.

Tensions have been running high…

German factory orders fell after two consecutive months of expansion in a sign that growth in Europe’s largest economy may be steadying after a strong start of the year.

The biggest Middle East oil and container ports banned all vessels sailing to and from Qatar from using their facilities amid a diplomatic crisis gripping the world’s main energy-exporting region…

Sri Lanka’s trade gap has widened 34.1% to $827.5 million in March from a year earlier, official data from the central bank showed. The cumulative trade deficit in the first quarter of 2017 has…

Banco Santander SA agreed to buy Banco Popular Espanol SA for a nominal €1 ($1.13) after European regulators determined that the troubled lender was likely to fail and ordered it to be sold,…

A global watchdog says the world economy is picking up speed but faces big political uncertainties and needs to be reformed to make growth work for a broader swath of people.

The…

Mexico’s Central Bank upgraded its growth forecast for the country in 2017, the first big piece of good news since US President Donald Trump was elected in November 2016. The move suggests a tale…