World Economy

Despite a miserable macro-economic mix of circumstances, including the worst recession in almost 100 years, the biggest corruption scandal Brazil has ever seen, and calls for President Dilma…

Canada’s economy appears to be turning a corner—away from a technical recession and toward a sustainable growth path.

The pace may not be consistent, at the moment, but the numbers are…

Will the Bank of Japan come to Shinzo Abe’s rescue yet again? Despite the latest disappointing news on Japan’s economic front, don’t count on it, FX Analysis reported. Recently, the Japanese…

Malaysia has passed an important milestone on its way to developed country status.

World Bank data shows that Malaysian GDP per capita–$10,830 in 2014–has exceeded for the first time…

For some time now, the United States has been seeing trouble that might be brewing in the corporate debt market. Share prices have also been driven up by low interest rates that have allowed…

The influx of reinsurance capacity in the MENA region and the prevailing competitive market conditions has begun to place pressure on the technical performance of regional reinsurers, a report…

Bulgarian wages are growing at the fastest pace in the European Union, and it’s not workers who’re benefiting the most.

Russia's recent economic turbulence, weakened ruble and high inflation could be coming to an end, according to the chief financial officer of the country's leading telecoms business.

Alexey…

Vietnam drew $17 billion worth of foreign direct investment in the past nine months of the year, the planning and investment ministry said. The figure represents a year-on-year increase of more…

The International Monetary Fund is likely to revise downwards its estimates for global economic growth due to slower growth in emerging economies, IMF head Christine Lagarde said in a newspaper…

People crammed into boats and trekking across borders have become the dominant images of Europe’s migrant crisis. In the shadows, however, there are those who are profiting, for whom every migrant…

President Abdel Fattah al-Sisi said the economic reforms carried out by Egypt reflected insistence to achieve an all-out economic development along with efforts to achieve security and stability,…

Brazil is perilously close to a municipal debt crisis. Five states including Rio de Janeiro and Mato Grosso do Sul have received court approval to delay some debt payments to the federal…

Mexico’s August trade deficit widened more than expected as imports of petroleum products far outstripped oil exports and as manufactured goods sold abroad fell from the same month a year ago, Dow…

Oman Oil Company’s partly-owned South Korea’s power producer—GS EPS—has officially inaugurated the largest biomass power plant in Asia.

The project has a capacity of 105 megawatt, which was…

Eurozone inflation and US jobs data will offer clues to the health of major developed economies in the coming week while the malaise gripping emerging markets is expected to prompt India to cut…

Cuba’s President Raul Castro, speaking at the United Nations for the first time, on Saturday hailed renewed diplomatic ties with the United States as “major progress” but slammed a US trade…

China has approved a plan to attract foreign investment and boost economic growth in cities and provinces linked to the coastal regions of the northern Bohai Sea, according to a statement the…

China’s capital outflow hit a record $141.66 billion in August as a result of the country’s biggest currency devaluation since 1994, according to data compiled by Bloomberg. The pullout of money…

A shortage of affordable homes in Dubai and a reduction in overseas allowances since the financial crisis are pushing foreign staff on middle incomes out to less glamorous areas of the city far…

The Monetary Policy Committee of the Central Bank of Nigeria last Tuesday warned that the country’s economy could slip into recession next year “if proactive steps were not taken by the federal…

As world leaders brandish a hard-fought new set of global goals designed to improve lives in all countries, the question of who foots the trillion-dollar bill remained open on Saturday as…

Venezuela is suffering the deepest economic crisis in its history with output expected to contract 9.1% this year, Barclays Plc says.

The economic contraction will likely reach 16.5%…

Considering the rate at which the Modi government’s ambitious ‘Make in India’ initiative is progressing, its target of creating 100 million jobs and achieving 25% of GDP from manufacturing sector…

Prime Minister Nawaz Sharif addressed the South-South Cooperation round-table conference in New York where he stressed, that the economic crisis can only be eliminated through mutual cooperation.…