World Economy

Markets often fail to predict major market-moving events even though in retrospect, they should have been obvious to anticipate. A prime example of such a failure was the 2008 global market bust…

Over the course of 2017, one of the primary factors fueling investor optimism was the fact that, for the first time ever, global stocks rose in basically uninterrupted fashion, a sign of…

Italy’s coalition government will introduce a raft of structural reforms this autumn, Prime Minister Giuseppe Conte said on Saturday, reiterating that the 2019 budget would be “serious, rigorous…

Talks between the United States and Mexico over the future of the North American Free Trade Agreement were set to drag into next week, as auto industry officials said that new sticking points…

Portugal’s consumer price index rose by 1.6% year-on-year in July, a slight uptick compared with a 1.5% rise in June. Against the previous month inflation was -0.6% and the 12-month average…

Momentum is growing to adopt blockchain, the technology underlying such cryptocurrencies as bitcoin, to grease the wheels of international trade as businesses and governments begin to test…

India’s industrial production, based on the index of industrial production grew at an annual pace of 7% in June, the highest in four months, benefiting from a low base of last year when…

lA California jury on Friday found Monsanto liable in a lawsuit filed by a man who alleged the company’s glyphosate-based weed-killers, including Roundup, caused his cancer and ordered the…

Canada’s jobless rate returned to four-decade lows in July on stronger-than-expected employment gains, adding to evidence the nation’s economy continues to power ahead, Bloomberg reported. The…

Hong Kong’s economic growth slowed in the second quarter after a strong start to the year and is expected to cool further as escalating trade tensions between Beijing and Washington and higher…

The federal government racked up a $76.9 billion deficit in July, with increased government spending and tax cuts keeping the country on track to record its biggest annual deficit in six years…

A financial shockwave ripped through Turkey on Friday, when its currency nosedived on concerns about its economic policies and a dispute with the US, which President Donald Trump stoked further…

Among troubled economies of the world today, Venezuela holds a special place. Disastrous economic policies coupled with a slide in the price of oil have produced rampant inflation in the country…

Global trade is under threat. Whether or not you call the current situation a trade war, certainly the first shots have been fired. This calls for World Trade Organization’s attention, and most…

The corruption scandal that broke in Argentina last week could be a political godsend for President Mauricio Macri—and an economic nightmare for the country.

A federal judge is probing…

Emerging-market currencies are unlikely to rebound from this year’s downturn until 2019, as rising trade tensions and the prospect of higher interest rates in major economies curb investor…

The Italian government has an important task ahead that could ultimately bring about further market turmoil.

Lawmakers have to approve a budget for the coming year and send it to the…

Tesla Inc’s board has not yet received a detailed financing plan from CEO Elon Musk, and is seeking more information about how he will take the US electric car maker private in a proposed deal…

Bahrain and its Persian Gulf Arab allies are said to be making progress on an aid program to help the island-kingdom repair its finances and avoid a devaluation that could roil neighboring…

South African business confidence rose for the first time in six months in July, boosted by exports, Bloomberg reported. The index increased to 94.7 from 93.7 in June, the South African Chamber…

Mobile chipmaker Qualcomm Inc will settle an anti-trust case with Taiwanese regulators for about $93 million, and has also pledged to invest $700 million in Taiwan over the next five years,…

The US Congressional Budget Office, in its long-term outlook released in June, projected that federal debt held by the public would increase sharply over the next 30 years, climbing from 78% of…

Turkey’s current account deficit stood at $2.97 billion in June, the Turkish central bank, or CBRT, announced Friday, Anadolu Agency reported. The gap widened by $818 million compared to June…

Greece’s unemployment rate, the highest in the European Union, has dropped below 20% for the first time in seven years, statistics bureau Elstat reported on Thursday. The rate came in at 19.5%,…

The ongoing and rising trade dispute between the US and China will get worse, an official from global ratings agency Fitch Ratings said Thursday.