World Economy

Gold advanced at the start of the month on Monday, extending gains after ending January with its biggest monthly jump in a year, as poor Chinese manufacturing numbers underlined the weak outlook…

January is usually expected to be a good month for stock markets, with new money gushing into investment funds, while tax-related selling abates at the end of the year.

Nigeria and Angola, Africa’s two biggest oil producers, are both in talks with the World Bank about support to help cope with low crude prices, weakening currencies and strained public finances.…

 Spain’s National Court says it will try Rodrigo Rato, the former head of the International Monetary Fund, and 65 others for alleged misuse of corporate credit cards issued by Spain’s Bankia…

Economists have increased their inflation outlook for Brazil for this year and next, a central bank survey showed Monday, as the monetary authority suggested it is likely to keep its benchmark…

It is believed that an economic slowdown and maybe a recession is on the way in the United States in 2016. The stock market is off to a rocky start and that’s often a lead indicator of trouble…

The uncertain international economic climate and volatile markets pose a risk to Italy’s growth prospects, said Ignazio Visco, the governor of the Bank of Italy and member of the European Central…

The 2016 Index of Economic Freedom, published Monday, logged its highest average score despite declines in leaders Hong Kong and Singapore, as well as in the United States.

The index,…

Persian Gulf Arab equities trimmed their worst January in at least a decade after oil capped its second weekly advance.

Didier Saint Georges, a member of the investment committee at Carmignac, has told What Investment that while the Eurozone offers considerable potential for investor returns in 2016, the risks of…

South Korean exports in January suffered their biggest slump in more than six years as sales to the key China market collapsed, pointing to another wrenching year for Asia’s export-reliant…

Currency-market volatility has been around for decades, if not centuries. Wide gyrations in exchange rates became a staple of international financial markets after the Bretton Woods system broke…

Russia’s central bank has warned it may tighten monetary policy if inflation risks intensify after leaving its benchmark interest rate unchanged for a fourth meeting.

The one-week auction…

The Incheon Free Economic Zone pledged to enhance its competitiveness by strengthening its foothold as an international business-friendly zone for service, tourism and bio industry, aiming to…

As inflation trends upwards,  the Reserve Bank of India may keep interest rate unchanged in the upcoming monetary policy review on Tuesday and possibly take a call post-…

Egypt has placed new import duties on luxury goods, applying a presidential decree aimed at steering demand toward local products, AP reported. Cairo airport official Mohammed Mahmoud said Sunday…

Falling global oil prices will benefit the Philippines, which is dependent on imports of crude and petroleum products, but the dollar remittances that support the economy could take a hit, NewsNow…

The Governor of the Bank of Greece Yannis Stournaras was adamant that the possibility of ‘Grexit’ is “a closed chapter”.

Saudi Arabia faces years of tough austerity as the worst oil price crash in the modern history forces the Arab country to make radical cuts to government largesse, the International Monetary Fund…

Dubai Islamic Bank has joined the billion dollar profit club by declaring a net profit of Dh3.84 billion ($1.04 billion) for 2015 and its chief executive said the bank will look into untapped…

UK government-bond yields might be at odds with Britain’s status as one of the fastest-growing economies among the richest nations.

South Africa posted its biggest trade surplus in four years in December as factories cut back on imports of machinery and equipment during the year-end holiday period, Bloomberg reported. The…

The bond market is even more skeptical about the chances of a Federal Reserve interest-rate increase this year after the Bank of Japan’s surprise policy move.

Mid-tier Chinese banks are increasingly using complex instruments to make new loans and restructure existing loans that are then shown as low-risk investments on their balance sheets, masking the…

The International Monetary Fund said it had overhauled its lending rules for heavily indebted countries, including a rule created in 2010 to allow it to aid Greece.

Last week, the IMF…