World Economy

Gold held near its highest in four weeks on Monday after rising almost 1% in the previous session, buoyed as geopolitical tensions boosted its safe-haven appeal.

Spot gold was almost flat…

Latin America and the Caribbean during the first quarter of the year show a positive balance in consumption and production. Finished steel consumption grew 7%, meanwhile crude and finished steel…

Ukraine’s exports of goods and services grew by 28% in the first quarter of 2017 year-on-year, to $12.4 billion, which was $2.7 billion up y-o-y, according to the Ukrainian Economic Development…

Saudi Arabia will start taxing cigarettes, energy drinks and carbonated drinks from June 10, the Saudi Gazette said, quoting the general authority of Zakat, making it the first country in the (…

Romania will meet its budget deficit target of 3% of GDP this year and it is possible that the economy’s advance will exceed the official estimate of 5.2%, supported by wage increases and tax cuts…

Zimbabwe narrowed its trade deficit to $337.5 million in July from $362 million in June, latest data from the country’s statistics agency shows, Insiderzim reported. Zimbabwe National Statistics…

Pakistan’s government raised spending 4.3% in a bid to accelerate economic growth before elections next year, which Prime Minister Nawaz Sharif is widely expected to contest for a second…

Qatar’s trade balance, which represents the difference between the country’s total exports and imports, showed a surplus of QR9.8 billion ($2.69 billion) in April, an increase of about QR 5…

New rules on pricing investment research are shaking up the European fixed income, currency and commodity industry, with many funds planning to scale back or ditch a service that banks use to drum…

Most Persian Gulf Arab states (Saudi Arabia, Kuwait, the UAE, Qatar, Bahrain, and Oman) stock markets edged down in early trade on Sunday after global oil producers agreed on Thursday to extend…

Tens of thousands of people rallied in Madrid for a "march of dignity" to demand better wages and job security as Spain's economy improves.

Demonstrators from all over the country marched…

Scottish National Party leader Nicola Sturgeon will pledge to end austerity with £118 billion ($151 billion) of spending across the UK in the next five years to boost public services and support…

The financial arm of the World Bank is considering issuing about $2 billion in bonds to finance environmentally friendly projects in Peru, the nation’s economy minister said late Saturday, CNBC…

The Sudanese economic expert, Sidqi Kabalo, predicted that the deteriorating economic situation in the country will see no major improvement following the formation of the government of national…

Global trade is expected to recover in 2017 as the factors that drove the slowdown have gone into reverse, albeit some risks remain. Global trade growth has been deteriorating steadily since the…

Island nation Mauritius elbowed out Singapore to emerge as the top source of foreign direct investment into India in 2016-17, PTI reported. In absolute terms, foreign inflow from Mauritius in 2016…

President Moon Jae-in and his key economic advisors will draw a comprehensive measure to tackle the country’s soaring household debt this week.

Conflict and insecurity remain the key barriers to development progress in the Middle East and North Africa. In Iraq, Libya, Syria and Yemen, about half the population—around 40 million people—…

Economists in Australia have been rejigging their spreadsheets. The common theme is economic growth forecasts have been downgraded.

UBS chief economist Scott Haslem has been bullish on…

Japanese investments in Malaysia this year may rise by at least 30% after the latest survey shows that the business sentiment of the Japanese has continued to trend upwards on the back of gradual…

Venezuela has been ravaged by severe food shortages, tremendous protests and a sky-high inflation rate, but it’s avoided one problem: the country refuses to default on its debt.

The Group of Seven nations have made progress in negotiations on trade, notably on the issue of multilateralism, a French presidential source said Saturday, suggesting there has been some…

Cyprus’ economic growth is projected to pick up from 2.8% this year to around 3% annually over the next two years, the governor of the east Mediterranean island’s central bank said, AP reported.…

The Central Bank of Egypt opted to raise overnight interest rates on interbank deposits and lending by 2% this week, citing the need to contain runaway inflation, zawya reported. The move, taken…

An undercurrent of political and policy risks pushed down eurozone government bond yields on Friday, discouraging investors from putting too much faith in improved economic data, Reuters reported…