World Economy

It is a common assumption that greater equality–whatever its moral appeal–is bad for economic prosperity. Incentives are what drive well-functioning capitalist economies–when everyone earns the…

A new report has found the success of a program assisting refugees to set up small businesses is yielding returns to Australia’s economy, a finding which business groups say highlights the…

The People’s Bank of China was preparing to spring a surprise while President Xi Jinping was taking a selfie with Manchester City star Sergio Aguero. On Friday, the central bank in the world’s…

Weak construction and manufacturing output have slowed Britain’s economic recovery, according to official figures due to be published on Tuesday.

Gross domestic product is expected to have…

A World Bank report estimated that Jordan’s economic growth during the current fiscal year would slow, after four years of gradual recovery, AMEinfo reported. The bank predicts GDP growth to reach…

China's anti-corruption watchdog said it would expand its inspections to major financial institutions including the central bank and regulatory authorities, which are already under pressure after…

Sri Lanka’s trade deficit contracted marginally by 1% to $724 million in August 2015 from $732 million a year earlier, according to the Central Bank data released in its External Sector…

Brazil’s current account deficit grew wider than expected in September but was easily covered by foreign investments, central bank data showed on Friday.

Brazil posted a current account…

De Beers, one of the world’s top sellers of diamonds, appears to be running out of precious stones, as indicated by reduced production, at the same time, prices are falling.

The combination of a wobbly dollar, fading rate hike expectations and an improved technical outlook all helped drive gold to a four-month high last week. The positive short-term technical outlook…

In recent decades, many developing countries have experienced declines in fiscal revenue as a share of national income. There is an urgent need to reverse this trend, with greater revenue…

In a landmark and rarely issued fact-sheet, the White House has proclaimed comprehensive US-Pakistan augmented Joint Action Plan for trade and investment.

Japan Finance Minister Taro Aso voiced caution about the merits of further stimulus by the Bank of Japan, saying that monetary policy alone could not achieve its 2% inflation target, NewsNow…

The Malaysian economy remains healthy compared with its global peers, despite the rise in the country’s debt due to the deceleration of growth and a thinner current account surplus, Bernama…

Ukraine’s PM has said Kiev will implement a free trade deal with the EU on January 1 and fight corruption. Merkel encouraged reform and said Ukraine’s “Association Agreement” with the EU is not…

Madrid’s unemployment figures, released Friday, showed Spanish joblessness dropped to a four-year low of 21.2% in the second quarter of the year.

Cuban and South African leaders pledged to strengthen and diversify the economic and trade relations between the two nations, Xinhua reported. During their talks, Cuban First Vice President Miguel…

Anxiety is growing in the bond market as the US gets closer to a potentially catastrophic default if Congress does not raise the $18.1 trillion debt ceiling by November 3.

As China confronts a persistent slowdown in growth, its government moved to pump more money into the economy, stimulus measures that could create other challenges for the country.

Falling prices and potentially weakening growth in the eurozone are raising the prospect of more stimulus by the European Central Bank, according to Markit Economics.

Fitch Ratings upgraded Cyprus’s long-term foreign and local currency issuer default rating by two notches to B+ and placed it on positive outlook citing a fiscal “over-performance,” an expected…

China and Britain have renewed their bilateral local currency swap agreement for a further three years, and increased the swap line from 200 billion yuan to 350 billion yuan (£35.72 billion), the…

South Africa’s annual inflation rate was unchanged in September from the previous month, remaining within the central bank’s target band, Bloomberg reported.

The inflation rate was steady…

Saudi Arabia may run out of financial assets needed to support spending within five years amid the drop in oil prices if the government maintains current policies, the International Monetary Fund…

Japan’s annual export growth slowed to a crawl in September as shrinking sales to China hurt the volume of shipments, raising fears that weak overseas demand may have pushed the economy into…