World Economy

Industrial output in Brazil shrank at the steepest rate in seven months in March, a bigger-than-expected decline highlighting uncertainty about a long-awaited economic recovery despite a string of…

European stock markets retreated from 20-month highs and the dollar inched up on Wednesday as investors pondered the chances of another rise in US interest rates next month ahead of the Federal…

Apple Inc reported a surprise fall in iPhone sales for its second quarter on Tuesday, indicating that customers may have held back purchases in anticipation of the 10th-anniversary edition of the…

The Asian Development Bank Wednesday said the emerging orientation in the US and Europe for protectionism on trade is “worrisome” but not realistic enough to break the global economy.

Nearly 15% of Canada’s economy is vulnerable to a housing slump, according to a new report by the Royal Bank of Canada.

Chinese financial services conglomerate HNA has become the top shareholder in Germany’s biggest lender, Deutsche Bank. The group did not appear to seek a strategic role despite owning shares worth…

Illicit capital flows into and out of developing economies ranged from $2 trillion to $3.5 trillion in 2014, with Africa the region most vulnerable to the flight of capital needed for investment…

Peruvian economy will expand 3% this year, retaining lead in the region, and will consolidate its position in 2018 with a GDP increase of 4.5%, according to Macroeconomic Outlook Update Report…

Indonesia’s Central Statistics Agency reports that inflation rate in April was at 0.09% due to adjustment to non-subsidized 900 VA electricity tariff, Antara reported. As such, inflation of the…

May Day protests turned violent in several cities around the world Monday as "anarchists" forced police to cancel permits and arrest dozens of protesters in a day meant to celebrate workers and…

The United Nations is upbeat over the New Zealand economy with net migration and tourism sector continuing to support the economy. The UN’s Economic and Social Commission for Asia and the Pacific…

Promising to cut pensions and give taxpayers fewer breaks, Greece has paved the way for the disbursement of further rescue funds from international lenders and possibly opened the door to…

Chile’s economy is expected to see a modest and gradual rebound in the coming 18 months, noted Scotiabank in a research report.

The UAE’s cybercrime threat ranking has dropped in the past two years, but the country remains a key target for hackers, according to a report. The UAE was ranked 41st globally in Symantec’s…

The eurozone economy has lagged behind the recoveries in the US and UK for most of this decade, but this is now changing.

The reserve bank in Australia has left the official cash rate at the historic low of 1.5%. The hold was widely expected, and the market priced in virtually no chance of a change, ABC reported. The…

The preliminary data of Mexico’s first quarter showed that the economy expanded more than expectations in the March quarter. The GDP grew 0.6% on a sequential basis, as compared with market…

Factories across much of Asia got off to a solid start in the second quarter, buoyed by strong global demand, particularly for hi-tech gadgets which are leading a sizzling rally in electronics.

The Australia and New Zealand Banking Group posted a 6% rise in interim net profit Tuesday on the back of restructuring its business to shift the emphasis away from Asia and onto its core assets…

Oil-exporting states of the (Persian) Gulf Cooperation Council are heading “in the right direction” to plug budgetary gaps thanks to fiscal reforms, but more change is still necessary, the…

Bangladesh plans to begin turning some of the grain it produces into ethanol to make its fuel greener–but economists and experts warn the move could hurt food security in a country that is already…

Mongolia will work to get its bailout approved soon, according to a senior finance ministry official, after the International Monetary Fund postponed a vote on it over concerns about a new law…

Economic growth is gradually picking up in Pakistan to respectable levels but is still unable to absorb the surging number of job-seekers entering the labor market, APP reported. The unemployment…

Venezuela’s president hiked the nation’s minimum wage another 60% in response to the country’s ongoing economic crisis, CNN reported. President Nicolas Maduro announced the change on his weekly…

Thailand’s annual headline consumer prices rose less than expected in April, government data showed on Monday, giving policymakers room to keep monetary policy loose to aid economic recovery,…