World Economy

Brazil is recovering from its deep recession as economic reform moves on in congress, with a pension overhaul likely to be approved in the first half of the year, Finance Minister Henrique…

Tunisia will restrict the import of some goods to tackle its widening trade deficit and protect foreign reserves as the local dinar currency slides to historic lows against the euro and dollar,…

Paraguay’s economy should grow just over 4% in 2017, after expanding about 5.5% year on year in the first quarter, the central bank chief said, citing a limited impact on growth from a recent…

China’s economic growth is expected to slow to 6.5% in 2017, as the government seeks to cool the property sector and temper credit growth to contain risks from a dangerous build-up of debt, a…

Global steel demand will grow more than previously forecast in 2017 due to a recovery in developed economies and accelerating growth in emerging and developing markets, especially Russia, Brazil…

Cyber-attacks against financial institutions are an increasingly significant risk, Fitch Ratings says. Cyber risk is a growing threat that can adversely affect credit ratings as attacks can…

Fitch Ratings has downgraded its rating on Italy’s long-term debt, citing the country’s huge debts, stagnant economy and divided politics, AP reported. Fitch cut the country’s rating from BBB+ to…

Poland’s gross domestic product in the first quarter grew decisively more than 3.5%, Deputy Prime Minister Mateusz Morawiecki told the private Polsat News television channel late on Friday, CNBC…

Mauritius’ trade deficit widened by 3% to 35.23 billion rupees ($1.01 billion) in the first half of 2016 as exports fell, and was expected to widen further in the full year, data showed on Monday…

Growing growth outside the troubled oil sector is offering some relief to economies in the Middle East and Central Asia, a senior International Monetary Fund economist says.

As the US stock markets are in a frothy mood, with the Dow Jones Industrial Average and the S&P 500 just off their new highs, one may think that the attention of fund managers and investment…

The Group of 20 major economies sent a message Friday on the threat that rising protectionism poses to the global economy, but the United States cast doubt over its adherence to that stance.

The International Monetary Fund on Saturday said the impact of demonetization in India had subsided and that industrial production as well as the purchasing managers’ index had recovered.

Spain’s trade deficit stood at €5.74 billion ($6.14 billion) up to February this year, rising by 38.4% when compared with the same period last year, the Spanish Ministry of Economy reported.…

Wells Fargo & Company announced the expansion of its class-action settlement for retail sales practices to include any customers who were impacted by sales practice issues as early as May 2002…

Greece reported a 2016 primary surplus almost eight times higher than its bailout target, but the International Monetary Fund remains skeptical of the country’s success, Public Finance…

 The economy in Malaysia is expected to continue expanding in the next four to six months, with the annual change of Leading Index increasing 0.8% in February this year, says the statistics…

Canada’s inflation rate slowed more than economists forecast in March as food and clothing prices declined. Measures of core prices also sagged, underlining Bank of Canada Governor Stephen Poloz’s…

India's growth has been "impressive" in the recent years which makes room for tax broadening efforts by the government, according to a top IMF official.

European stocks declined while most Asian markets rose Friday ahead of the first round of voting in France’s closely watched presidential election.

Mongolia should receive the first tranche of a $5.5 billion bailout package by the end of the month, the International Monetary Fund said.

The total assets of 10 UAE banks jumped to Dh1.75 trillion ($476 billion) by the end of Q1 2017, a 9.3% growth from Dh1.6 trillion recorded over the same period last year, according to a new…

The International Air Transport Association released demand growth results for global air freight markets for February 2017 showing an 8.4% increase in demand measured in Freight Ton Kilometers…

The Bank of Japan will continue with very accommodative monetary policy and maintain the current pace of asset purchases for some time, Governor Haruhiko Kuroda said in an interview.

While…

The federal budget is being starved of revenue and won’t be nourished enough by improving commodity prices.

That’s the tough message from Treasurer Scott Morrison as he prepares to deliver…