World Economy

European Central Bank officials have time and again griped that governments aren’t doing enough to strengthen the eurozone economy. Now they’re going a step further.

New sukuk issuance continues to remain subdued in 2016, but growth prospects for the Islamic finance sector are still strong, says Moody’s Investors Service in a report published Wednesday.

Four Singapore banks have occupied the top 5 spots in this year’s safest banks list in Asia, according to the rankings released by New York-based trade publication Global Finance, AsiaFirst…

Italian Prime Minister Matteo Renzi had some fighting words for German leader Angela Merkel: Your obsession with austerity is strangling Europe and your country is the only one profiting.

President Jacob Zuma has warned that illicit financial flows out of Africa of about $50 billion a year are depriving the continent of much needed resources for development.

The Bank of Japan shifted the focus of its monetary stimulus Wednesday from expanding the money supply to controlling interest rates, which some economists deemed as further evidence that BoJ…

Deutsche Bank AG, under pressure to bolster its balance sheet before resolving a US mortgage probe, is working to securitize billions of dollars of corporate loans to offload risk, according to a…

Auditing firm PricewaterhouseCoopers has warned that the platinum industry was unlikely to meet the demand for the precious metal in the medium term, IOL reported. The firm released a report on…

Swiss watch exports fell for a 14th consecutive month in August as demand weakened from Japan to the US, Bloomberg reported. Shipments dropped 8.8% to 1.4 billion Swiss francs ($1.4 billion), the…

Long-dated eurozone government bond yields fell on Tuesday with the Bank of Japan expected to enact measures that may push Japanese investors away from their country’s longer-maturity bonds and…

Saudi Arabia’s stock index dropped over 2% over concerns about lack of liquidity in the market. Qatar’s main equity index also slumped 4%.

The Tadawul All-Share Index plunged 2.05% to close…

OECD countries need to address the growing anti-immigration backlash and reinforce migration and integration policies while fostering international cooperation in this area, according to a new…

Brazil’s President Michel Temer vowed to push ahead with unpopular measures to revive a troubled economy, saying his lack of electoral ambition gives him a free hand to act.

Statistics Canada reports that nationwide household debt reached unprecedented levels in the second quarter of 2016, surpassing the country’s gross domestic product for the first time. The main…

The federal government is considering a $15 billion (N4.72 trillion) fiscal stimulus plan to reflate and pull the economy from the current recession.

India is considering expanding the basket of steel products that attracts an anti-dumping tax to stem inflows of cheaper supplies into the world’s third-biggest producer.

Excessive credit growth in China is signaling an increasing risk of a banking crisis in the next three years, a report from the Bank for International Settlements says.

Here’s what’s wrong with the world economy: No nation has the will or the way to be the locomotive for global growth.

The SWIFT inter-bank messaging network plans to send daily reports to clients to help them more quickly identify unauthorized payment instructions like those used by hackers to steal $81 million…

Australia’s record-low interest rates are helping the economy weather a plunge in resource investment, the central bank said after leaving borrowing costs unchanged at 1.5% this month, Bloomberg…

Deep in the heart of Australia’s dusty outback, the world’s biggest gold mining companies are locked in a standoff.

Global lending remained weak in 2016's first quarter, with dollar-denominated bank loans to non-US borrowers worldwide falling for the first time since the 2007-09 financial crisis, the…

Saudi Arabian stocks declined the most in the Persian Gulf as the country’s equities traded for the first time in a week, tracking a selloff across developing nations as investors weigh the…

Young British families are being “ghettoized” in inner city areas by the housing crisis while older homeowners become isolated in the suburbs in England and Wales, a think tank says.

The…

Norway’s central bank is predicted to leave its key policy rate unchanged at a record low as the economy of western Europe’s biggest oil producer fights off the biggest slump in crude prices in a…