World Economy

Mario Draghi is halfway through his job and, by the strictest measure of his success, still far from his goal.

Russia’s factory activity expanded in October, growing for the first time in 11 months thanks to higher domestic demand, a Markit report said.

The Purchasing Managers’ Index for the…

The slump in oil prices is sapping growth momentum of private businesses in the two biggest Arab economies, according to a key indicator released on Tuesday.

US construction spending rose in September to the highest level in 7-1/2 years as both private and public outlays increased, suggesting a modest upward revision to the third-quarter GDP growth…

Money is flooding out of Canada at the fastest pace in the developed world as the nation’s decade-long oil boom comes to an end and little else looks ready to take the industry’s place as an…

Majority of the prime cities across the globe are either overvalued or in danger of a housing bubble with London and Hong Kong facing the greatest risks, according to a report, TradeArabia…

Moody’s Investors Service upgraded its outlook for India’s banking system to ‘stable’ from ‘negative’ on expectation that a gradual improvement in the operating environment for lenders will lead…

A state-owned manufacturer on Monday unveiled the first plane produced by a Chinese initiative to compete in the market for large passenger jetliners.

HSBC Holdings Plc, Europe’s largest bank, reported a bigger-than-estimated jump in third-quarter profit as costs related to fines and legal settlements declined.

The surplus of Ukraine’s national budget in January-September 2015 reached UAH 8.8 billion ($381.8 million), while its deficit from a year ago was UAH 40.1 billion, the National Bank of Ukraine…

Uganda’s Bureau of Statistics has announced that the headline inflation for the year ending October 2015 has increased to 8.8% compared to 7.2% recorded in September 2015, AllAfrica reported.

The People’s Bank of China strengthened the mid-rate for the renminbi on Monday by 0.54% against the US dollar, the greatest increase since 2005, AsiaFirst reported.

If it was a good summit then everybody benefits. But the India-Africa summit this week had a blemish: it was not a meeting among equals,  DW reported.

A downgrade of Saudi Arabia’s sovereign debt by Standard and Poor’s at the weekend may contribute to a gradual repricing of the Persian Gulf Arab states’ international bonds to lower levels as…

Visa Inc., the world’s largest payments network, agreed to acquire Visa Europe Ltd. in a deal valued at as much as €21.2 billion ($23.4 billion) to unify the brand globally after eight years as…

Gold is expected to trade back down below $1,100/oz in the fourth quarter of 2015, which brings an annual average of $1,159/oz during the year, according to a newly released Thomson Reuters report…

On October 5, after years of exhausting–and exhaustive–haggling, a dozen Pacific Rim countries finally signed up to the Trans-Pacific Partnership, an agreement that promises everything from…

Foreign investors are putting record amounts of cash into the US in a sign of significant optimism about the country’s economy. But the investments also reflect the popularity of so-called “…

Global stock markets fell Monday after the release of lackluster economic data from the US and China.

Germany’s DAX lost 0.7% to 10,778.38 and Britain’s FTSE 100 was 0.6% lower at 6,324.82…

Dubai’s stocks sank to the lowest level in more than two months, leading most Middle Eastern markets lower, on concern that Saudi Arabia’s debt downgrade will drive up borrowing costs across the…

Trade and economic relations between Russia and Finland may return to normal by around 2022-2023, Russian trade representative in the country Valery Shlyamin told Tass. The trade turnover between…

Google may get off lucky by paying a minimal penalty if it meets the provisions of Russia’s Federal Antimonopoly Service, the head of the regulator Igor Artemyev told reporters, Tass reported.…

Puerto Rico failed to submit audited financial statements for fiscal 2014 by a self-imposed Oct. 31 deadline, according to a Municipal Securities Rulemaking Board filing, Bloomberg reported.

Korea’s exports recorded $43.47 billion in October, down 15.8% from a year earlier to mark the sharpest fall in six years, the trade ministry said Sunday.

But ministry officials said…

Third-quarter gross domestic product on tap this week may unveil a foggy economic outlook for Singapore, mirroring the hazy skies that have shrouded the Southeast Asian island-state for the past…