World Economy

Australia’s money-laundering regulator has found no breaches similar to those of the country’s biggest mortgage lender, Commonwealth Bank of Australia, at other major banks, after a check of…

Indonesia posted its first trade deficit since late 2015 in July, as imports surged more than exports did, the statistics bureau said, CNBC reported. Southeast Asia’s largest economy had a trade…

Chinese banks are set to see a slowdown in lending growth in the second half of the year, having exhausted most of their annual credit quota, raising the specter of corporate defaults as…

Mexico is the latest country caught up in the swirling scandal over Brazilian construction firm Odebrecht’s multi-million-dollar bribes—and while heads are unlikely to roll, the political and…

Solid demand for the components Taiwan pumps out for tech gadgets has led the island to slightly raise its growth forecast for this year and predict further gains in 2018, Reuters reported. On…

European stocks continued to trade deep into the red on Friday as investors reacted to Spain's worst terror attack in more than 13 years. The pan-European Stoxx 600 was down 0.75% during early…

Sri Lanka announced tax cuts and subsidized loans for small businesses and exporters Thursday, amid concerns a raging drought and flash flooding could be a drag on economic growth, AFP reported…

European Central Bank officials sounded the alarm at the threat of an even stronger euro, as the currency’s gains to the highest since they unveiled quantitative easing in 2015 cloud efforts to…

Frankfurt, along with Dublin, is emerging on top in the battle to draw highly-paid banking jobs–and the tax revenue that they bring–away from London before Britain’s departure from the European…

Malaysia’s economic growth accelerated unexpectedly to the fastest pace in more than two years in the second quarter on robust private consumption.

Uncertainty caused by the UK’s decision to exit the European Union will create tough survival decisions for companies in the information and communications technology sector, which is already…

The Philippine economy grew by 6.5% in the three months to June, likely one of the fastest in Asia, the government said Thursday, defying concerns over President Rodrigo Duterte’s unconventional…

PricewaterhouseCoopers LLP was fined £5.1 million ($6.6 million) for misconduct over its audit of RSM Tenon Group Plc in the largest-ever sanction issued by the UK accounting regulator.

China's economy is looking good enough that the International Monetary Fund is raising its outlook, but the organization is doing so with a strong warning over growing debt in the world's second…

The eurozone economy expanded as initially estimated in the second quarter, flash estimate from Eurostat showed Wednesday. Gross domestic product grew 0.6% quarter-on-quarter, slightly faster…

Underlying inflation topped the Swedish central bank’s target in July for the first time since 2010, putting the central Riksbank under pressure to tighten its ultra-loose monetary policy.

Brazil is raising its deficit ceiling for this year and 2018 because of a big drop in tax revenue, sluggish growth and other woes in Latin America’s biggest economy.

The honeymoon is definitely over. When US President Donald Trump was elected last November, big business rejoiced. In June, optimism among American CEOs was at a three-year high on hopes that…

An International Monetary Fund mission led by Amadou Sy visited Port Louis and Ebene during July 31–August 15 to conduct the discussions for the 2017 Article IV consultation with Mauritius,…

US household debt reached a new record in the second quarter, surpassing a peak recorded at the start of the global financial crisis, the New York Federal Reserve Bank said late Tuesday. At $12.…

Thailand’s central bank on Wednesday left its key interest rate where it has stayed for more than two years, as there continues to be no incentive to cut and no need to raise it now, The Edge…

Italy’s economic recovery extended for a tenth straight quarter, boosting optimism that growth can become sustainable this year amid a rise in industrial production.

Venezuela might look bad right now amid protests, scarce food and political turmoil. But analysts warn the worsening debt crisis could greatly exacerbate the dire situation—and possibly force a…

Developing Asia is expected to witness a 15% increase in foreign direct investment inflows in 2017, following a dramatic 22% drop in such inflows in 2016, according to the World Investment…

Mexico will be the biggest loser from North American Free Trade Agreement renegotiations, with a host of other Latin American countries set to suffer negatively from US President Donald Trump’s…