World Economy

Puerto Rico’s Government Development Bank, which oversees the island’s finances, said it may fail to comply with legal reserve requirements by the end of December, putting the bank at risk of…

A new report has called for a formal trade policy to prevent international trade agreements being negotiated in secret, AAP reported. The Committee for Economic Development of Australia report…

Tourism, or the lack of tourism, can mean serious harm to the economy in Egypt. Egypt is concerned over the recent outflow of Russian and British tourists–about 70% of its total visitors. Tourism…

Pakistan’s debt affordability has weakened after it shifted to non-conventional loans by issuing $3.5 billion worth of international bonds, increasing its borrowing costs, according to the latest…

The Cyprus economy has exited recession and is registering positive economic growth, which is projected to be maintained, President Nicos Anastasiades said. He noted, however, that the banking…

Now that the United States is closing in on full employment and inflation is likely to rise to target levels, the “next step” should be to start gradually increasing rates, a top US central banker…

Reports on the German labor market lately seem enthusiastic. The Federal Labor Office announced the lowest unemployment rate in 24 years.

In Germany, 2.65 million people were officially…

Bahrain has announced a plan under which expatriates with a court-ordered travel ban will be allowed to obtain a work permit and subsequently legalize their presence in the country.

Korea’s leading state think-tank will likely revise down the country’s growth estimate to below 3% for the year, following earlier downgrades by local and overseas institutions, a source said…

China’s imports contracted further in October, according to reports citing official data released Sunday, as the world’s second largest economy struggled with sluggish domestic…

The (Persian) Gulf Cooperation Council region in 2016 will generate a modest economic rebound for most countries at 3.7% after facing tough year in 2015–GDP growth of 3%, said Paris-…

Boeing, the world’s second-largest weapons maker, said on Saturday it expects a sale to Kuwait of F/A-18E/F Super Hornets to be finalized soon, but lower oil prices are delaying some weapons…

In the wake of the meeting between Taiwanese Persident Ma Ying-jeou and his Chinese counterpart Xi Jinping, the leaders on the two sides of the Taiwan Strait will have a pivotal effect on Taiwan’s…

Since August 2014 the Target2 liabilities of the Bank of Italia to the Eurosystem are again on an upward trend. They have increased by € 105.3 billion since July 2014.( Target2 numbers largely…

Upgrading the China-Singapore Free Trade Agreement will help develop a modern service sector and increase financial cooperation between the countries.

Even though China and Singapore signed…

In the coming years, India is positioned much more favorably than China in terms of growth, the World Economic Forum has said though it observed that it is not…

Fitch Ratings has affirmed Latvia’s Long-term foreign and local currency Issuer Default Ratings at ‘A-’ and added the outlooks are stable.

The issue ratings on Latvia’s senior unsecured…

The dollar jumped to a seven-month high, pushing oil prices lower, and short-term US bond yields rose to the highest in five years after strong US jobs data bolstered expectations the Federal…

Russia’s Central Bank sees potential for further reduction of interest rates and inflation, its First Deputy Chairman Sergey Shvetsov said, Tass reported. “We don’t see any risks from the side of…

General Motors Co.’s tentative agreement with the United Auto Workers was rejected by skilled-trades workers, preventing the ratification of a contract that would have delivered more than $2…

InterContinental Hotels Group, one of the world’s largest hoteliers, said it was not exploring a sale or merger, following a media report that the company was looking at its strategic options,…

Last week the Dubai Financial Market General Index dropped by 52.86, or 1.51%, to close at 3,450.89, the fourth consecutive week of negative performance. Market breadth moved closer to balancing…

The International Monetary Fund welcomed the commitment of the Pakistan government to economic reforms which has significantly reduced the short term risks to the economy.

Southeast Asia, Africa and China will be among customers to buy Russia’s upgraded Ilyushin Il-76TD transport planes, Ilyushin Aviation Company General Designer Nikolay Talikov said, Tass reported…

Chinese investment in West Asian countries surged 65.2% last year and was mainly focused on the energy sector, according to a report on the development of the Middle East released by a leading…