World Economy

In just a week as Argentina’s president, conservative Mauricio Macri has passed drastic economic reforms, drawing praise from foreign investors but angry protests from citizens afraid for their…

The world economy may be set for another year like 2015, with modest growth in developed economies offsetting persistent weakness elsewhere but generating very little inflation and keeping…

Nigerian exports plunged in the third quarter from a year ago and imports also fell, the National Bureau of Statistics said, as currency controls introduced by the Central Bank of Nigeria this…

Pakistan’s current account deficit amounted to a little more than $1 billion in July-November, according to data released by the State Bank of Pakistan, AAP reported. The current account deficit…

China National Chemical Corp. improved its offer to buy Syngenta AG, proposing a complex two-stage takeover that would mark the biggest-ever acquisition by a Chinese company, people with…

The European Union has embarked on an ambitious €11 million ($11.95 million) research project, Resyntex that aims to produce secondary raw materials from textile waste, Yahoo reported.…

The US Senate has adopted long-awaited reforms to give emerging economies a greater say in how the International Monetary Fund is managed.

China’s voting rights will rise to 6%, from 3.8%…

The southeastern port city of Ulsan and neighboring Geoje in South Korea used to boast one of the highest standards of living outside Seoul. But now a slump in their vital industries is…

The government of Afghanistan signed a memorandum of understanding with the Chord Group to establish a series of special economic zones in the country as part of the Afghanistan’s economic…

Scotland’s growth outlook remains positive for 2015 despite increasing headwinds particularly impacting upon manufacturing and the oil and gas industry, the Scottish government said.

Ukraine said it won’t repay $3 billion in bonds due to Russia, moving a step closer to a court battle amid a new wave of economic tension between the two ex-Soviet neighbors.

Saudi Arabia’s deputy crown prince has privately outlined plans to reshape the economy to withstand low oil prices, sources said, in what could be the biggest policy shake-up since the kingdom’s…

Low-income developing countries have seen weakened external conditions over the past 18 months, but the net impact has varied significantly across these countries, according to a new study by the…

Representatives of the financial world in Italy have welcomed the European Bank of Reconstruction and Development’s decision to accept China as a member, while the Asian Infrastructure Investment…

US lawmakers have approved a compromise spending package that funds the government through September 2016. The budget deal also includes tighter visa requirements, an end to the US oil export ban…

Kuwait has said it will establish a free economic zone on five islands with large investments open to the private sector.

Consumer prices rose in Brazil more than 1% in the month to mid-December as food prices soared, increasing the chances the central bank will raise interest rates next year despite a deep recession…

Alibaba Holding Group Ltd. has to do a better job of fighting the sale of counterfeit goods and pirated materials on its e-commerce websites if it wishes to remain off the US government’s annual “…

The attacks in Paris last month will weigh on French economic growth only briefly in the fourth quarter before France resumes more stable growth in 2016, the official statistics agency, INSEE,…

The Russia-China Investment Fund has approved fifteen deals worth $5 billion, according to the head of Russia’s Direct Investment Fund Kirill Dmitriyev.

Since 2008, bank bailouts have entailed a significant transfer of private losses to taxpayers in Europe and the United States. The latest Greek bank bailout constitutes a cautionary tale about how…

The World Bank expects Malaysia’s gross domestic product to record 4.5% growth next year and 2017, a revision based on the country’s improved trade data.

As China’s economy settles into slower growth, President Xi Jinping has been touting the benefits of what he calls the “new normal,” including a more equitable distribution of income and less…

Russian President Vladimir Putin said next year’s budget based on oil at $50 a barrel is too optimistic, considering current prices. However, he has assured the country that the worst of the…

Argentina’s national currency has plunged after a government move to scrap foreign exchange restrictions in place since 2011, DW reported. The devaluation came as a shock to many, but analysts…