World Economy

After spending the last few years groggily getting back onto its feet following the collapse of one of the most spectacular—and destructive—real estate bubbles of this century, Spain’s economy is…

Indonesian growth accelerated slightly in the first quarter on improving exports, official data showed, but the outlook for the recovery in Southeast Asia’s top economy is subdued, AFP reported.…

Egypt expects to receive the second installment of its loan from the International Monetary Fund in the second half of June, Finance Minister Amr El-Garhy said on Sunday, Reuters reported. He told…

Mortgage repayments have become a huge struggle for a significant chunk of Australians and most believe the dream of home ownership will be out of reach for future generations, a poll shows.

House Republicans passed a bill this week that could strip away health insurance from millions of Americans.

The World Bank is confident of a rebound in Ghana’s economic growth this year. The bank has projected a growth target of 6 to 7% for 2017, Ghanaweb reported. It is however expecting the figure to…

German government officials have proposed giving Britain access to the EU’s single market in return for a fee, Focus magazine said on Saturday citing a finance ministry report.

President of the Asian Development Bank Takehito Nakao Sunday said that the bank would continue to “deepen our own regional economic cooperation initiatives” and coordinate closely with other…

The price of bitcoins surged nearly 30% in April, and reached all-time high in the first week of May, partly due to regulatory changes in Asia.

According to bitcoin information provider…

China’s forex reserves rose for the third month in a row in April, signaling eased capital flight pressure, central bank data showed Sunday. Forex reserves climbed to $3.0295 trillion at the end…

S&P Global Ratings affirmed the unsolicited ‘BBB-’ long-term and ‘A-3’ short-term sovereign credit ratings on the Republic of Italy. The outlook is stable.

The FAO Food Price Index averaged 168.0 points in April 2017, down 3.1 points (1.8%) from March, but still 15.2 points (10%) higher than in April 2016. As in March, all commodity indices used in…

Puerto Rico is closing 179 public schools in a move expected to save more than $7 million amid a deep economic crisis that has sparked an exodus to the US mainland in the past decade, officials…

Taiwan’s local service sector showed signs of improvement in March, with an index gauging the sector’s sentiment indicating that momentum accelerated in March, according to the Commerce…

Zimbabwe’s 93-year-old president, Robert Mugabe, sat slumped in his chair, wringing his hands, as he told a World Economic Forum for Africa panel discussion Friday in a low murmur that his country…

From the moment that possibilities of a US withdrawal from NAFTA were voiced on the presidential campaign trail last year, tensions rose well beyond Canada and Mexico about how Washington might…

The international reserves of Bank Negara amounted to $96.1 billion (RM425.2 billion) as at April 28, compared with $95.7 billion registered as at April 14, Bernama reported. In a statement, the…

Inflows of foreign direct investment doubled from $22 billion in 2013 to $46 billion in 2016. The initial spurt was led by digital economy, which accounted for much of the incremental FDI over the…

Ukraine’s foreign exchange reserves reached $17.1 billion at the start of this month, the highest level since May 2014, the country’s central bank said, Xinhua reported. The current level of the…

Finance Minister Senator Muhammad Ishaq Dar Saturday said having achieved macro-economic stability, Pakistan was now focused on realizing higher sustainable growth as part of economic turnaround,…

Since the start of the month, Agroinvestbank, Tajikistan’s largest lender, began telling its clients that as of May 4 they will only be able to withdraw 500 somoni ($58) daily on their cards.…

Japan’s economy still needs support from ultra-loose monetary policy despite budding signs of recovery, a senior IMF official said, stressing that it was premature for the central bank to consider…

Global rating agency Moody's Investors Service sees a persistent decline in labor productivity growth, stemming from an aging population and slow investments, as posing a key threat to global…

The euro has extended its considerable gains over the past two weeks ahead of this weekend’s final round of the French presidential election. Markets appear confident that centrist Emmanuel Macron…

The World Bank has resumed direct budget support to impoverished Malawi with an $80 million injection three years after donors pulled out due to a “cashgate” corruption scandal, officials said…