World Economy

Hong Kong’s composite consumer price index rose 2.4% in November from a year earlier, the same as in the previous month, and will likely to stay moderate in the coming months, the Census and…

Saudi officials are considering plans to sell shares in state-owned entities and companies, according to two people with knowledge of the discussions, as the country seeks to bolster revenue to…

South America’s Mercosur countries are set to meet to initiate talks on a possible free trade deal early next year with the European Union.

The 49th Mercosur Summit is being held at the…

The Portuguese state agreed on Sunday to sell troubled bank Banif to the local unit of Spain’s Santander for €150 million in a deal that involves heavy costs for the state and the country’s banks…

An average South Korean household spends nearly 24% of its total disposable income on meeting debt obligations data showed Monday, amid concerns over record-level household debt.  …

The European Bank for Reconstruction and Development has said that there is no risk in connection with Hungary as far as the bank is concerned, Hungarian news agency MTI reported. The bank has so…

Azerbaijan moved to a floating exchange rate, the latest crude producer to abandon a currency peg after oil prices slumped to the lowest in 11 years, letting the manat tumble by a third.

The Federal Open Market Committee raised interest rates for the first time in almost a decade shifting from its lose monetary policy stance to a gradual and calculated tightening of the support as…

Japan’s government kept its economic assessment unchanged in December after revised data showed the economy dodged a technical recession in the last quarter due to gains in capital expenditure.…

The interest rate hike by the US Federal Reserve is expected to increase pressure on the dong in the context that Vietnam is trying to push economic development and employment by seeking export-…

The eurozone will continue its path to recovery next year, boosted by capital investment at rates that have not been seen since 2007, according to the December 2015 issue of the EY Eurozone…

The International Monetary Fund, in its latest round of discussions with the (P)GCC finance ministers and central bank governors in Doha, has stressed the need to revive their strategies for…

Turkmenistan is set to begin issuing government bonds for the first time, state television reported, as the hydrocarbon-rich Central Asian country grapples with the impact of plunging commodities…

Despite recording double-digit economic growth in recent years, Ethiopia is in serious need of food aid. Observers consider the current food crisis to be the worst in 30…

The Bank of Thailand will focus on driving economic growth and foreign exchange management next year, Yahoo reported. The current low rate of inflation allows the central bank to focus more on…

Egypt’s imports, mainly wheat, declined year-on-year in September by 23%, driving down the country’s trade deficit to register LE29.5 billion ($3.7 billion) comparing with LE38 billion ($4.8…

The World Trade Organization reached a groundbreaking accord in Kenya late Saturday which obliges developed countries to eliminate subsidies for their agricultural exports as requested by the…

Italy has finally succeeded in restoring growth. The economy is at the end of a double dip recession that contracted the country’s GDP by 10%. The Budget Law 2016 forecasts real GDP growth at 0.9…

 The International Monetary Fund has approved the immediate disbursement of about $498.1 million to Pakistan, appreciating the government’s “prudent economic policies” and its commitment to…

Sweden’s central bank needs to develop its model for setting interest rates and might be better off adopting a dual mandate that includes an employment target, such as the one used in the US,…

A judge in Brazil’s state of Minas Gerais has frozen the Brazilian assets of mining giants BHP Billiton and Vale SA after determining their joint venture Samarco was unable to pay for damage…

Sanctions against Russia will lead to a further decline in German trade with the country, a German foreign trade lobby group has said, expecting a turnaround in bilateral business to happen not…

This week, Kuwait was named as the worst country in the world for expats to live and work.

A quick scan of the news coming out of the country lately and it is no wonder expats say…

From world’s best economy in 2013, Australia fell to third last year in the Independent Australia Ranking on Economic Management global rankings. And now down to ninth. The surf’s definitely up.…

Diaspora remittances to Zimbabwe have overtaken foreign direct investments due to the country’s controversial economic policies that continue to push foreign investors away, latest data from…