World Economy

Profits for China's industrial powerhouses surged the most in nearly six years in September as a government crackdown on air pollution sparked fears of winter supply shortages and sent prices of…

Japan’s three biggest banks are mapping out sweeping reforms designed to smash their profit limitations.

Oman’s gross domestic product is set to grow by 5.2% in 2018, after the country commenced natural gas production and opened a new airport in Muscat, a new report by property consultants Cluttons…

A week ago, General Electric Co.’s new boss lamented the company’s “completely unacceptable” performance. Shareholders must be feeling the same way.

The fifth straight share decline…

A consortium of international business leaders was investing $1 billion in the South African and larger African economies, the lead investor ambassador Harold Doley jr announced in Cape Town at…

The United States on Friday imposed fresh import duties on Chinese aluminum, accusing exporters of dumping their product on the US market at prices below cost.

The move follows a…

The number of people registering as insolvent in England and Wales hit a five-year high in the third quarter, according to figures on Friday that hinted at trouble brewing in Britain’s consumer…

Greece’s creditors have concluded a first round of fresh bailout inspections to assess reforms. Even if deadlines are met, a shattered economy and battered public trust will linger behind, says…

The combined wealth of the world’s billionaires rose by 17% to $6 trillion in 2016, according to a United Bank of Switzerland and PricewaterhouseCoopers ‘s Billionaires Insights report. The…

Consumer confidence in Taiwan reached its highest point for 23 months in October at a time when the local equity market is booming and the government is set to raise wages for civil servants,…

South Africa forecast higher debt and wider fiscal deficits over the next three years, heightening the risk of further credit ratings downgrades as a fight for control of the ruling party limits…

Saudi Arabia’s economy contracted for two quarters in a row for the first time since the global financial crisis, as the kingdom grapples with low oil prices and its businesses struggle to cope…

Belarus inflation over the last nine months reached 2.7%. It was projected at 9% in the beginning of 2017. This is a record low in the history of the Belarus, Deputy Prime Minister Anatoly…

A $1 billion fund created by top energy companies to curb climate change will back technologies being developed by US cement maker Solidia Technologies and engine maker Achates Power, Reuters…

Russia’s improving economy has removed the main impetus for privatizations planned for this year, allowing policymakers who always doubted the wisdom of selling state assets to regain the upper…

The euro tumbled and European stocks scored their biggest gains in over six weeks Thursday, as the European Central Bank proceeded with caution on its biggest step yet in unwinding years of…

Malaysia’s economy will remain resilient in 2018, though real gross domestic product will expand at a slower pace, due to external challenges such as rising protectionism and policy…

The outlook for global economic performance is expected to remain favorable in 2017 and 2018 with growth emanating from advanced and emerging markets and developing economies.

Norway’s central bank kept its interest rates on hold at 0.5% after its October meeting, waiting for the local economic recovery to gather more steam before it joins its peers in raising rates,…

French consumer confidence weakened unexpectedly in October, survey data from the statistical office Insee showed Friday. The consumer sentiment index fell to 100 in October from 101 in…

As global economic growth gathers pace, with the International Monetary Fund reporting that all of the Group of 20 countries is now in an expansion phase, the world is at last entering a process…

The further consolidation of power in China under President Xi Jinping could help the country achieve its economic rebalancing and reform goals, Moody’s said in a report released Friday.

Singapore’s overall unemployment rate declined slightly on a seasonally adjusted basis in the third quarter of the year from the previous quarter, according to preliminary estimates released by…

South Korean workers don’t often have cause for cheer. They slog for more hours than their counterparts in any other member of the OECD, a club of mostly rich countries, apart from Mexico. Yet…

Japan’s government maintained its moderately optimistic view on economic growth in October, indicating that a recovery remains on track due to increased consumer spending and capital expenditure…