World Economy

New Zealand’s monthly imports of goods from China reached a record in September, topping 1 billion NZ dollars ($674 million) for the first time, the government statistics agency said Tuesday.…

The cabinet of the United Arab Emirates approved a slightly smaller federal budget for 2016, state news agency WAM reported on Sunday, in a sign that the country is curbing expenditure…

As China’s slowdown impacts ties with Africa, India is seeking to step in and boost political and economic relations with the continent, DW reported. The upcoming India-Africa Summit may offer a…

 Germany’s IFO index of economic optimism among business executives has fallen slightly in October for the first time in four months, AP reported. The index released Monday declined to 108.2…

The mega-city of Tokyo—37 million residents, an output (GDP) that compares to Mexico’s. The Japanese capital, which will host the 2020 Olympic Games, is clear about its new economic ambitions…

Fund managers have backed Australia’s big banks in raising mortgage rates independently of the Reserve Bank, saying investors are not going to swallow lower returns from the sector…

Markets have jumped into positive momentum after investors reacted favorably towards the equity markets as the possibility of more QE in Europe from the European Central Bank increased following a…

The illicit economy is a giant, global and growing problem, a World Economic Forum report said and cautioned that the cost to the global economy of counterfeiting alone could reach $1.77 trillion…

The use of tax incentives has massively increased foreign direct investment to Ethiopia, an official told Anadolu Agency on Monday. In an interview, Ethiopian Investment Commission spokesperson…

South African Finance Minister Nhlanhla Nene side-stepped an immediate credit downgrade with his budget proposals. Still, investors are betting cuts that would bring the nation’s rating to the…

The Central Committee of China's ruling Communist Party has gathered to map out the direction of the country's economic and social targets. The congress comes amid growing concerns over China's…

Ukraine is trumpeting offers of breaks on tax and duties to lure foreign investors in clean energy as it pushes to reduce dependence on Russian gas, Bloomberg reported. The government in Kiev…

Thailand's trade surplus ballooned to a five-year high in September as imports plunged and exports continued to contract, official data showed Monday.

The benefits of a treaty that will cut red tape at borders and standardize customs procedures are much larger than previously thought and could add $3.6 trillion to annual global exports, the…

Vietnam is likely to become a global manufacturing and processing hub and a destination for multinationals in the next 20 years, an international conference announced on October 24.

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The unemployment rate in Finland could rise to 9.5% this year. According to a fresh forecast by the Finland Ministry of Employment and Economy, growing numbers of out of work people are falling…

Many market economies in the 20th century reflected traditional organizational models, with businesses owning production capacity and citizens seen primarily as passive employees and…

Standard & Poor’s Ratings Services affirmed its long- and short-term foreign and local currency sovereign credit ratings on the Hashemite kingdom of Jordan at ‘BB-/B’. The outlook is stable,…

There was a sharp division among Nigeria’s leading economists and financial analysts on Saturday over Friday’s call by the Emir of Kano and a former Central Bank of Nigeria governor, Muhammad…

The Zimbabwe Investment Authority has approved investments worth $3 billion for 2015 across all sectors of the economy as the drive to increase foreign direct investment gathers momentum, an…

Finance Minister Choi Kyung-hwan indicated that South Korea’s economy will have trouble achieving the government’s projected growth of 3.1% this year, citing downside risks as a factor. His…

Japan’s economy is in peril and business should help save it with investment and wage rises, according to Sadayuki Sakakibara, the voice of corporate Japan.

Sakakibara, chairman…

Global warming is said to be causing more natural disasters than any other factor and also causes more economic disaster.

East Asian economies need to redouble efforts to cut barriers to trade in intermediates and services crucial to continued expansion of cross-border global value chains, according to a World Bank…

International Monetary Fund representatives have given China strong signals that the yuan is likely to soon join the fund’s basket of reserve currencies, known as Special Drawing Rights…