World Economy

Developing economies quickened the pace of their business reforms during the last 12 months to make it easier for local businesses to start and operate, says the World Bank Group’s…

Nigeria’s economy is growing at the slowest pace this decade as oil prices drop. Companies are complaining they can’t get the dollars they need to do business. And trading in the naira has long…

The United States is committed to partnering with Central Asia to build democratic governments powered by free market economies and to cooperate on global challenges such as climate change and…

US employment snapped back with a vengeance in October, wage growth accelerated and the jobless rate fell to 5%, boosting the odds that Federal Reserve policy makers will raise borrowing costs…

Brazil’s consumer prices in October rose more than economists forecast as the government struggles to rein in public spending to help the central bank tame above-target inflation.

AstraZeneca Plc, the UK’s second-largest drugmaker, agreed to buy ZS Pharma of California for $2.7 billion in cash to gain a potential blockbuster medicine for a deadly condition, Bloomberg…

China is getting serious about joining a big European reconstruction bank. Officials said the admission request would be decided until mid-December, but the outcome seemed a foregone conclusion,…

The US dollar reached a three-month high on Friday and world shares headed for their fifth week of gains out of six, before US jobs data that may nudge the Federal Reserve towards its first…

Profits and cash flows of Japanese companies have recovered to record levels which could help Japan avoid deflation and achieve 2% GDP growth.

That is according to William Garnett, who…

Two European Central Bank Governing Council members said they see no need as yet to ease monetary policy further in December, despite continued signals from the ECB’s leadership that such a…

Just before the announcement of the latest Federal Reserve rates decision, the gold price has tumbled sharply once again from its recent high watermark, MarketWatch reported. Having peaked at $1,…

The devaluation of its currency opens up new possibilities for the Russian economy, says Birgit Hansl, World Bank lead economist for Russia.

Lackluster figures for UK industrial output and trade have underscored how slowing global economic growth has taken its toll on the British economy though some of the data weren’t as weak as…

Asian shares slipped on Friday as investors braced for US employment data that is expected to bolster the case for a Federal Reserve interest rate increase as early as next month.

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Hungary’s industry remains on an ascending path. Output grew by 6.7% on average in the first nine months of 2015, Portfolio reported. The full-year figure may be even higher than that, considering…

China is “assessing the effects” of the US-backed Trans-Pacific Partnership regional trade accord, the ministry of commerce said on Friday.

China is not among the 12 Pacific-Rim countries…

European Union officials on Thursday put a positive economic spin on the bloc’s refugee crisis. In a forecast, officials predicted that the three million migrants expected over the next…

The European Bank for Reconstruction and Development forecast growth for Turkey at 3% in 2015, in a report released on Thursday.

EBRD expects the Turkish economy to grow 3% in 2015 and 2.8…

A three-day annual conference of tax experts has concluded that Germany’s tax revenues will continue to grow in coming years. The revenues will come in handy as the country spends additional money…

Eurozone private business growth remained tepid last month but activity in China’s services industry expanded at its fastest pace in three months, easing concerns about persistent weakness in its…

SoftBank Group Corp. operating profit rose as the mobile carrier and Internet investment company boosted Japanese wireless subscribers, offsetting losses at its Sprint Corp. unit in the…

A new report released by Accenture showed that nearly $3.5 billion worth of investments in financial technology were made in Asia Pacific in the first nine months of the year, AsiaFirst reported.…

In a blast from the past of the cold war era, Moscow and Havana are renewing bilateral ties. But it’s business not politics that is the driving force this time around. Cuba wants Russian business…

Canada’s trade deficit narrowed more than expected in September, helped by a modest pick up in exports including consumer goods and energy products, data from Statistics Canada showed on Wednesday…

Non-oil economic activity in Saudi Arabia slowed to a record low in October amid persistently low oil prices, a survey has suggested. The Emirates National Bank of Dubai purchasing managers’ index…