World Economy

Malaysia’s central bank said that it was taking measures to re-enforce existing rules that are in place to prohibit facilitation of offshore trading of the ringgit.

Foreign investors will likely pull their money out of the South Korean bond market starting in 2018 as they move to safer assets on an imminent rate hike by the US Federal Reserve, a report said…

Renowned global economist Jeffrey Sachs says South Africa is battling to grow its economy because it isn’t spending enough on education, health and infrastructure, and the problem is being…

The Reserve Bank of Australia, the country’s central bank, is scheduled to release the minutes of its November monetary policy meeting on Tuesday, NewsNow reported. The minutes will be closely…

Global food commodities prices are likely to remain subdued during the rest of the current calendar and the next year following a sharp upwards revision in their output forecasts by the global…

Welcoming India’s decision to withdraw high-value banknotes as part of its fight to root out black money, the European Union has said ridding the financial system of “black component” and bringing…

The Taiwan Institute of Economic Research, one of the leading think tanks in the country, said that the domestic economy will pick up next year, recording 1.65% annual growth, Taiwan News Channel…

A unit of Moody’s Corp. said Philippines growth may have eased in the third quarter amid the soft global demand.

Moody’s Analytics said the economy likely grew 6.9% in the third quarter,…

The World Trade Organization has ruled that some Brazilian industrial stimulus programs hurt foreign competitors, a government official said, a major blow to a country struggling to shore up its…

As stock markets in the (Persian) Gulf Cooperation Council states (Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman) fell sharply along with global bourses in reaction to…

Hong Kong’s economic growth slowed in the third quarter from the second as weak exports, sluggish retail sales and falling tourist arrivals took its toll on the former British colony.

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The US banking sector’s dramatic rally post election day is likely just a taste of bigger gains to come, as investors expect banks to reap huge benefits from rising interest rates and lighter…

The Canadian dollar weakened to a fresh eight-month low against its US counterpart on Friday as oil tumbled and as the greenback padded its gains since the US election this week, AAP reported. For…

Germany’s bellyache about China’s foreign direct investment policy is a sign of Europe’s growing displeasure with what is perceived as an imbalance in the economic ties between the Old Continent…

Public anger has been rising as Indian banks struggle to dispense cash after the government withdrew large-denomination bills. Nearly half of India’s 202,000 ATMs were shut and those that worked…

Italian bond yields hit their highest level in over a year on Friday, bearing the brunt of a broad market selloff as investors took the view that the policies of US President-elect Donald Trump…

The Saudi Economic and Development Affairs Council has agreed on shelving SR1 trillion ($266 billion) worth of future projects as the kingdom is reeling under a sharp oil price crunch, said a…

Fitch Ratings upgraded Ukraine’s debt rating to B- from CCC on November 11, citing easing financial pressures following Kyiv’s receipt of loans from the International Monetary Fund, CNBC reported…

Vietnam Trade Minister Tran Tuan Anh says the country will stay competitive and its economy will thrive even if a US-led deal collapses, Reuters reported. “It’s still very early to predict the…

Sri Lanka needs $8 billion to strengthen its economy, Prime Minister Ranil Wickremesinghe told Parliament Saturday, the Colombo Gazette reported. He said Sri Lanka received between $600-700…

The Pakistan Economy Watch on Saturday said reports of International Monetary Fund and World Bank about Pakistan’s economy are disturbing.  It asked the government to take steps to revive the…

Egypt won International Monetary Fund approval late Friday for a three-year, $12 billion bailout program aimed at reviving a struggling economy, bringing down public debt and controlling inflation…

Malaysia’s economy expanded at a better-than-forecast pace in the third quarter, snapping five straight quarters of slowing, the central bank said, AFP reported. Bank Negara said gross domestic…

Gold prices fell to their lowest in over five months on Friday, hit by a broad sell-off in commodities as well as surging bond yields on speculation a splurge of US infrastructure spending could…

The Central Bank of Kuwait recently issued the 2015 economic report, which points out that gross domestic product amounted to 40 billion dinars ($132 billion), registering 1.8% growth compared to…