World Economy

A Japanese rating agency raised its outlook for the country’s sovereign debt from “negative” to “stable” on Thursday, citing rising tax revenue from the robust global economy that will support…

Foreign direct investment in the Bulgarian economy has taken a nosedive in recent years, Bulgarian Industrial Association Executive President Radosvet Radev told journalists on Tuesday, BTA…

An all-out US-China trade war could cut 60,000 Australian jobs and shave real wages by $16 per week for the average worker, according to new economic modeling by KPMG, a professional service…

Just before the collapse of the US investment bank Lehman Brothers in 2008 triggered a financial crisis that would engulf the world economy, the Commission on Growth and Development published an…

Elon Musk’s take-private plans for Tesla Inc have evaporated, but the company’s looming debt needs remain, Reuters reported. With a debt load of about $10.5 billion and the possibility of an…

China is challenging the latest round of US tariffs against Chinese goods through the World Trade Organization, AP reported. The Chinese government on Monday formally requested “dispute…

Many countries in Asia and authoritarian governments that are at loggerheads with the US are stocking up on gold to reduce their dependence on the dollar.

These countries are hoping to…

Japanese companies are shifting production away from China to defend themselves against higher US tariffs targeting Beijing as the growing trade war begins to have an impact on global supply…

Toyota, one of the world’s largest carmakers, and Uber, the leading ride-hailing service, are widely seen as lagging the competition in developing self-driving cars, Reuters reported. Their deal…

The pace of lending to eurozone firms and households paused in July, official data showed Tuesday, complicating the picture for the European Central Bank as it prepares to scale back its easy…

August 20 wasn’t just a simple national holiday in Venezuela. It marked the beginning of President Nicolas Maduro’s currency reform and will potentially mark the acceleration of hyperinflation…

The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement, putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to…

South Korean President Moon Jae-in’s government proposes to spend a record 471 trillion won ($420 billion) next year, aimed at speeding up the economy by creating jobs, raising the minimum wage…

Singapore’s dollar is approaching the upper boundary of its trading band as speculation mounts that the central bank will boost the exchange rate for a second time this year to combat inflation…

Before the 2011 revolution that deposed Hosni Mubarak, Egypt had undergone a few reform periods between 1991 and 2007 in an effort to reduce external debt and expand the role of the private…

Falling foreign demand for Italian government bonds is pressuring domestic banks to step into the breach, as they did back in 2011-2012. Yet they may find it harder to come to the rescue of the…

Three of the world’s largest bitcoin mining equipment makers plan to raise billions of dollars with initial public offerings in Hong Kong, even as other companies report plunging demand for the…

Asian stocks rose on Monday as a dovish speech by US Federal Reserve Chairman Jerome Powell and all-time highs on Wall Street gave markets a breather from trade tensions.

France’s public sector budget deficit is expected to come in worse than thought this year at around 2.6% of economic output, Finance Minister Bruno Le Maire said on Monday.

Le Maire told…

India’s current account deficit is likely to touch 2.8% of GDP in the current financial year on surge in crude oil prices and moderate growth in exports, a report said. The merchandise trade…

Oman’s trade balance reached RO1.266 billion ($3.28 billion) during the second quarter of this year as against RO857 million in Q2 2017, marking a growth of nearly 48%, a media report said.

Qatar has maintained its position as one of the highest per capita income countries in the World Bank’s predictions for 2019. The classification is based on a number of local economic indicators…

A new digital exchange aims to attract listings from sharia compliant financial technology startups, its chief executive said on Monday, part of a growing number of firms looking to modernize…

Global trade volumes stayed roughly flat on the quarter in the three months through June, ending two years of steady growth, amid slumping Asian semiconductor demand and fallout from the US-…

Central bankers around the world have finally reached the point, after many years, when a period of strong economic growth allows them to unwind their post-crisis easy money policies.