World Economy

The International Monetary Fund said on Tuesday it expects South Korea’s economy to expand by 3.2% this year, slightly faster than it had previously forecast, as a cyclical recovery led by…

Brazilian retail sales rebounded in September from an unexpected drop in the prior month as lower unemployment provided a welcome boost to consumer spending, Reuters reported. Sales volumes,…

The Bulgarian economy grew by 3.9% on an annual basis in the third quarter from a revised 3.7% in the previous three months, a flash estimate of the statistics office showed on Tuesday, Reuters…

Gold hit a one-week low on Tuesday after US Treasury yields touched fresh highs as investors priced in a rate hike in December, but the precious metal’s losses were limited by rising uncertainty…

Four of the world's top central bankers promised Tuesday to keep openly guiding investors about future policy moves as they slowly withdraw the huge monetary stimulus rolled out during the…

Poland’s economy expanded at its fastest pace in more than five years in the third quarter, data showed on Tuesday, signaling investment has finally rebounded and joined consumption in driving…

Economic growth in emerging Asia will remain steady this year before slowing over the medium term as China's expansion decelerates in the next five years, the Organization for Economic…

Lebanese politicians and bankers believe Saudi Arabia intends to do to their country what it did to Qatar—corral Arab allies into enforcing an economic blockade unless its demands are met.

Standard & Poor’s declared Venezuela in “selective default”, after it failed to make $200 million in payments on its global bonds, becoming the first credit ratings agency to do so. The…

Broadcom’s multi-billion dollar bid to buy its US chipmaking rival has been rejected as “unsolicited” by Qualcomm, raising the stakes in what could be the tech industry’s biggest-ever deal, DW…

Norway’s economic recovery stayed on track in the third quarter, helped by growth in tourism, retail sales and other service industries, data showed on Tuesday.

The turnaround in 2017…

China’s economy cooled further last month, with industrial output, fixed asset investment and retail sales missing expectations as the government extended a crackdown on debt risks and factory…

Germany’s economy powered ahead in the third quarter thanks to buoyant exports and investments, data showed on Tuesday, as it cemented its role as the eurozone’s growth engine.

…

Without any new ideas from a technocratic government constrained by President Vladimir Putin’s apparent indifference, the Russian economy is once again relying on consumers, who are borrowing…

Fraud has become the most common criminal offence in the UK, as the country foots a £190 billion ($249 billion) bill for the crime every year. This includes a cost to the economy of £140 billion…

Although European economies have experienced a steady upswing in recent years, not enough has been done to prepare for a rainy day, the IMF has said in a fresh outlook. It cited a number of…

What has started to happen in Oslo, is now seemingly spreading to Stockholm: Evidence is mounting that the Swedish capital’s crazy, two-decade-long housing price surge could be leveling off.

Scandal hit ride-sharing company Uber late Sunday announced a deal to sell a stake to Japan’s SoftBank, as the firm looks to turn a new page ahead of its planned IPO by 2019, AFP reported. The…

There is a growing consensus for the Bangko Sentral ng Pilipinas to begin reining in the policy rates or, at the very least, signal a tightening bias, as the economy needs the stabilizing hand…

Fitch Ratings revised the outlook on Hungary’s Long-term foreign- and local-currency issuer default ratings to “positive” from “stable” and affirmed the IDRs at “BBB-”.

The Czech Republic’s economy had grown 2.5% on sequential basis in the second quarter of this year and had expanded 4.7% year-on-year. The 2.5% print was the highest quarter-on-quarter in the…

The Bank of America Business Advantage Small Business Owner Report is a semi-annual survey of 1,000 business owners across the country. The fall 2017 report found that 78% of entrepreneurs…

Mexico’s gross domestic product is expected to fall by 0.45 basis point in the event of a North American Free Trade Agreement breakup. Long-term growth would likely decline to 2% from 2.5%…

Bitcoin slumped as the cancellation of a technology upgrade prompted some users to switch out of the cryptocurrency, spooking speculators who had profited from a more than 500% surge this year…

A synchronous upturn across major economies is reviving hopes that a multiyear lull in global trade is finally reversing and will lift emerging markets that built their economies around exports…