World Economy

The European Central Bank is focused on avoiding a policy error committed four years ago by its big brother, the Federal Reserve. When the Fed indicated—on May 21, 2013—that it would gradually…

Fitch Ratings on Thursday revised its outlook on Vietnam’s long-term foreign and local currency issuer default ratings to positive from stable and affirmed the ratings at “BB-.”

Southeast Asia’s digital economy is now worth more than $50 billion, but remains highly fragmented with multiple players battling for the increasingly lucrative region.

The European Commission on Thursday fined US social media giant Facebook €110 million ($120 million) for providing incorrect and misleading information on its takeover of WhatsApp, AFP reported.…

Growing signs of life in Japan's economy have presented its central bank with a fresh communications challenge, pushing it to be clearer with markets on how it might dial back its massive stimulus…

The International Monetary Fund improved its forecast for Russia’s economic growth this year to 1.4%, saying easier financial conditions and higher oil prices would help drive a recovery, a…

Canadian retail sales rose 0.7% in March compared with an expected increase of 0.4% while there was an increase of 6.9% over the year as the February decline was revised to 0.4% from 0.6%,…

Chinese tech giant Alibaba recently announced its quarterly profit and stunned everyone with the digits. According to the officials, the company made the profit of almost $1.55 billion in the…

The world’s richest people lost $35 billion when global equity markets were rocked by political turmoil in the US, according to the Bloomberg Billionaires Index. Bill Gates, the world’s richest…

Standard & Poor’s raised Indonesia’s sovereign credit rating to investment grade on Friday in recognition of a stable governing coalition and improved control over government finances.

Germany could make it easier to hire and fire senior bankers in what would be a rare exception to its strict labor rules, an ally of Chancellor Angela Merkel said, as Frankfurt seeks to attract…

Automation may be mission-critical to operational longevity in the retail industry, but it could be creating a significant pool of “stranded workers”.

The World Economic Forum on the Middle East and North Africa kicked off Friday at the Dead Sea, in Jordan as it hosts more than 1,000 business and political leaders and representatives from civil…

Kazakhstan’s economic growth is projected to accelerate in 2017, owing to higher oil prices and oil production, says the World Bank’s latest Kazakhstan Economic Update.

The demonetization policy is not expected to have a long term impact on domestic demand in India, which is projected to clock a 7.9% growth in fiscal 2018, a senior UN economic official has said…

The World Bank said on Wednesday that investing in key public goods and services such as infrastructure, health and education is fundamental for economic growth in Cambodia.

“Investing in…

Australia’s government finally took up the central bank’s call for economic stimulus in its annual budget, with a A$75 billion ($55.52 billion) infrastructure plan.

Japan seeks to broaden the scope of activities reflected in the country’s gross domestic product, factoring in technology and service-sector developments to increase the accuracy of the economic…

The economy is expected to continue to increase by 2.4% this year but the OECD continues to warn about the rising home prices in Canada and other international real estate markets including…

Poland’s state statistical office says the economy grew by a robust 4% in the first quarter of 2017 compared with the same period last year, AP reported. The estimate, released Tuesday by the Main…

Spain’s public debt rose by €11.16 billion ($12.37 billion) to €1.13 trillion in March, the Bank of Spain said on Wednesday, the fourth straight month of increases, Reuters reported. Debt was 101.…

Brazil added a net 59,856 payroll jobs in April, its labor ministry said, marking the second month of job creation this year as the economy starts to slowly emerge from its deepest recession ever…

China’s growth is set for its weakest patch since the global financial crisis as authorities pull back on the stimulus that helped the economy get off to an unexpectedly strong start this year and…

The dollar nursed its losses on Wednesday after taking a hit from solid eurozone economic data, a fall in US yields on heightened turmoil in Washington and downbeat housing data that reduced…

Turkish companies’ foreign direct investment outflow has increased by 10 times over the past 15 years, according to an index released on May 17.