World Economy

A ‘no’ vote at the Italian constitutional referendum on December 4 could trigger a 20% sell-off in Italian stocks, with the banking sector hit the hardest, according to one…

Iraq is likely to delay the planned sale of $2 billion in bonds on international markets until at least early 2017, a government adviser said, hoping that rising oil revenues and victory over…

Difficult economic conditions will persist in Russia for three more years, the authorities need to have coordinated macroeconomic policies, the Russian Central Bank said in a…

 A closely watched survey shows German consumer confidence has dropped slightly amid concerns over Britain’s decision to leave the EU and extremist attack threats, AP reported. The GfK…

The World Bank approved a concessionary loan of $300 million to support Jordan’s efforts to improve the investment climate, attract investors, reform the country’s labor market and grant access to…

Saudi Arabian stocks lost the most in the world for a second straight day amid waning hopes for an oil production deal that may buoy up the nation’s finances.

The Tadawul All Share Index…

The French government presented its 2017 budget, including €1 billion ($1.1 billion) in tax cuts that are expected to benefit five million low and middle-income households.

The budget…

A decade of protectionist economic policies has reduced the ability of most countries across the world to achieve healthy growth and innovation, the World Economic Forum says in its 2016 Global…

According to the US Conference Board, consumer confidence is moving up. The headline number jumped from an upwards revised 101.8 in August to 104.8 now in September. The figure was…

Although the Cyprus economy is recovering it is still fragile and it needs to implement key reforms in order to unlock its potential, including the enforcement of property rights, European…

As Greece passed another set of stringent reforms on Tuesday demanded by its lenders, the country’s former finance minister Yanis Varoufakis told CNBC that the country had become like a “slave” to…

The turmoil swirling around Deutsche Bank AG has brought simmering concerns about the health of Europe’s banks back to a boil.

South African telecoms giant MTN on Wednesday denied an allegation that it had illegally repatriated $13.92 billion from Nigeria, saying the claim was without merit, Reuters reported. Lawmakers in…

The World Economic Forum named Switzerland the most competitive nation for an eighth straight year as it warned less open trade was threatening economic growth globally.

Switzerland was…

Bank of England Deputy Governor Minouche Shafik said more easing will probably be needed for the UK after the “sizable economic shock” of the Brexit vote. She said, the country is in the…

Brazil’s economy has probably started to rebound from the worst recession since at least the 1930s and growth could surprise on the positive side next year, Moody’s Investors Service …

Kuwait’s economy suffers from glaring structural errors induced by accumulations that have stalled development, Finance Ministry Undersecretary Khalifa Hamada said.

While Russian authorities are still trying to define the legal status of bitcoin, the virtual currency has found use in Moscow in the lobby of the country’s biggest bank, Bloomberg reported.

Saudi Arabia canceled bonus payments for state employees and cut ministers’ salaries by 20%, steps that further spread the burden of shoring up public finances to a population accustomed to years…

Profits in China’s industrial sector rose at the fastest pace in three years as the world’s second-biggest economy showed more signs of stabilizing, though some private forecasters say the…

The World Trade Organization cut its forecast for global trade growth this year by more than a third on Tuesday, reflecting a slowdown in China and falling levels of imports into the United States…

The New Zealand dollar has risen as the nation’s relatively robust economy and relatively high interest rates made it a standout as risk appetite abates ahead of the US presidential debate.

Deteriorations in jobs and other recent economic data are stoking fears of a crisis in South Korea, but experts say the economy is more likely to enter a long and gradual spiral downward, rather…

The Bank of Japan’s new policy framework has made its monetary easing more sustainable and effective, according to the International Monetary Fund, which also suggested the BoJ further enhance its…

Indian bonds rose, driving the 10-year yield to its lowest since 2009, as foreign funds continued to pile into local debt and speculation mounted the central bank will cut interest rates as early…