World Economy

Conservative economist Stephen Moore says America’s fiscal health was damaged by two terrible developments in 2015: the Republican “betrayal” on federal spending and the ongoing exodus of…

The trade turnover of the Russian Federation and the United States dropped by third in 2015 mostly due to current sanctions in mutual trade and economy, Russia’s trade representative in the US…

Gold rose on Thursday, snapping two days of losses. Spot gold rose 0.4% to $1,074.70 an ounce, after losing 0.7% in the last two sessions. US gold futures for February delivery rose $5.90 to $1,…

The dollar held a five-day decline against major peers after oil capped its biggest weekly advance in four months. Japanese stocks slid, while most markets in Asia were closed for holidays,…

Baghdad plans to reduce imports of cooking oil from Turkey due to political tensions, Reuters reported. The imports will be gradually cut, according to a trade ministry spokesman.

Thailand’s central bank trimmed its 2016 economic growth forecast on Friday, reflecting expectations of zero export growth and suggesting the military government will continue to struggle with a…

A high-tech economy is growing in Turkey’s capital, Nurettin Ozdebir, head of Ankara’s Chamber of Industry, told Anadolu Agency Friday.

“Ankara is becoming a center for high-technology…

The Central Bank of Egypt has decided to raise interest rates by 50 basis points in an effort to mitigate inflation after the bank’s Monetary Policy Committee met on Thursday.

The bank…

Profits at China’s state firms dipped 9.5% in the first 11 months of 2015 from a year earlier, after a 9.8% drop in the first 10 months, the ministry of finance said on Friday, Reuters reported.…

Ukraine’s parliament has voted in favor of introducing a trade embargo against Russia. This is a response to Moscow cancelling a free trade agreement with Ukraine as the country joins the European…

Bank loans overdue for at least 90 days in Brazil rose in November to their highest in almost three years, the central bank said, as the deepest recession in decades and rising credit costs…

Days into his presidency, Mauricio Macri faces his first big threats as he seeks to fix Argentina’s ailing economy: inflation and recession.

In his first policy moves since taking office on…

The US bond market’s student-debt headache just got bigger–almost twice as big, in fact, at least for investors who relied on an initial estimate from Fitch Ratings.

Investors around the world have expressed positive sentiments towards real estate in 2016, despite an increasingly challenging environment, a survey conducted by Colliers International Group Inc…

Japan’s core consumer prices rose for the first time in five months in November, but household spending tumbled, casting doubt on the central bank’s view that robust consumption will help…

When the Bank of Canada stuck its neck out with a completely unexpected interest rate cut in January in response to the oil price crash, markets and experts quickly questioned Governor Stephen…

Despite risks of breaking EU fiscal rules, the Italian parliament has passed the nation’s budget for 2016 offering tax breaks for companies and households, thus raising the government’s previous…

The amount of foreign direct investment to South Korea exceeded $20 billion this year, with $15 billion having arrived here as of Tuesday, the Ministry of Trade Industry and Energy said Wednesday…

Puerto Rico faces what may be its biggest deadline in 10 days: pay investors nearly $1 billion in interest or push the island into a major debt default, Bloomberg reported. “To make a total…

Qatar National Bank has agreed to buy Turkey’s Finansbank from National Bank of Greece for €2.7 billion ($2.95 billion), as it steps up its search for larger markets overseas, Arab News reported.…

Asia shares pushed ahead on Wednesday following a rally on Wall Street, while major currencies entered a holiday lull and oil strove to sustain a modest bounce from multi-year lows.

MSCI’s…

Canadian economic growth stalled in October, struggling soon after emerging from recession, as a rebound in the oil and gas sector was offset by declines in manufacturing and retail activity, data…

The social well-being indexes of Russians fell in December to reach a several-year low amid the economic crisis and complicated political situation, the state-run pollster VTsIOM reported…

Saudi Arabia will seek to diversify its sources of income and improve the efficiency of government spending as it strives to reduce its dependence on oil revenue, which has plunged since last year…

Oman’s Shura Council, a top advisory body to the government, has voted for the biggest increases in corporate taxes in many years to offset a budget deficit caused by low oil prices, local media…