World Economy

Forget India's economic troubles this year. Moody's thinks Prime Minister Narendra Modi is doing a fine job.

The agency has just upgraded India's credit rating for the first time in more…

Italy’s failure to qualify for the 2018 football World Cup in Russia could cost the country in excess of €1 billion ($1.18 billion), the former president of Italy’s National Olympic Committee…

Russia’s economic growth rates are close to potential, Central Bank Chief Elvira Nabiullina said Thursday, adding that this year’s GDP growth is expected to reach 1.8%, Tass reported. “The…

The Philippine economy grew at a faster than expected 6.9% annual pace in the July-September quarter, helped by increased public spending on pay hikes for government personnel, officials said…

British economic growth will remain tepid over the coming few years, lagging well behind its peers, and could even be worse than economists polled by Reuters currently predict, as most say risks…

Norway’s trillion-dollar sovereign wealth fund is proposing to drop oil and gas companies from its holdings, saying it already has enough exposure to the industry and wants to protect against…

Malaysia’s economy expanded at the fastest pace in more than three years in the third quarter on private spending and foreign demand. Gross domestic product rose 6.2% year-on-year, faster than…

Crisis-plagued Venezuela suffered another blow Thursday as a committee of creditors ruled that state oil company PDVSA has defaulted on its debt, a decision that triggers payment of default…

The EU handling of the Greek debt crisis successfully imposed reforms and avoided a catastrophic default by Greece, but failed in ensuring Athens could stand on its own feet financially, an EU…

Greece on Wednesday offered to exchange some €30 billion ($35 billion) in bonds in a new market test for the country seeking to emerge from its latest bailout, AFP reported. Floated on the…

Foreign direct investment into the Chinese mainland rose 5% year on year to reach 60.12 billion yuan ($9.05 billion) last month, data showed Tuesday, Xinhua reported. The growth slowed down in…

Airbus SE announced the biggest commercial-plane transaction in its history, securing an order for single-aisle aircraft valued at nearly $50 billion at the Dubai Air Show, outdoing Boeing Co.’s…

Asian stocks stumbled on Wednesday after weaker crude oil prices took a toll on Wall Street, while the euro kept big gains after enjoying a boost from robust German economic growth.

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Central Europe’s fastest expansion for nine years and strong growth in Germany spurred the EU’s vigorous economic recovery in the third quarter. The eurozone and the EU grew by 0.6% quarter on…

The Association of Southeast Asian Nations region needs to increase green investment by 400% each year to protect its people and economies from climate change and other environmental shocks,…

Peru’s economy grew 3.18% in September from the same month a year earlier as construction activity continued to drive a recovery in domestic demand, state statistics agency Inei said on…

Bad loans at India’s 38 listed banks rose at the slowest pace in eight quarters, suggesting that the toughest phase of the bank balance sheet clean-up may be still lagging.

Kenya is facing an economic storm in 2018 in the aftermath of two disputed elections.

Japan's economy shrugged off a consumer spending dip in the third quarter to post the longest period of uninterrupted growth in more than a decade, showing strong fundamentals.

The South Korean economy may be decoupled from robust global economic recovery next year, held back by a slump in domestic demand and uncertainties in external conditions, local economists say…

Proponents of the house and senate Republican tax cut bills argue that the cuts will energize the US economy, increasing GDP by at least 2% to 3% annually, but Moody’s Analytics says neither…

Italy’s economy expanded at a quicker clip than economists forecast in the third quarter as the eurozone economy continues its rebound from the troubles it faced in 2012-13. Gross domestic…

Dutch GDP growth slowed between July and September but the broader economic picture stayed rosy, with the expansion driven by strength in exports, consumer spending and investments.

The…

The eurozone’s annual economic growth rate outstripped that of the United States in the third quarter setting up 2017 as the best year for the currency area since financial markets crashed a…

The Finnish economy continued a strong upward curve during this year’s third quarter, according to preliminary figures from Statistics Finland. Unemployment figures and inflation also improved…