World Economy

Deutsche Bank AG was hit with the Federal Reserve’s first major fine for failing to ensure traders abide by the Volcker Rule’s ban on risky market bets—and will pay even more for letting currency…

The eurozone economy started the second quarter with strong and sustainable growth, according to a survey that showed businesses increased activity at the fastest rate for six years as new orders…

Bank Indonesia kept its benchmark 7-day reverse repo rate steady at 4.75% on Thursday, as widely expected.

Indonesia’s central bank held rates unchanged for the sixth consecutive meeting…

Russia’s Finance Ministry has “ambitious goals” of bringing the country’s economic growth in line with the world’s average growth level of at least 3-3.5%, Finance Minister Anton Siluanov said on…

The International Monetary Fund raised its 2017 global growth forecast on Tuesday due to manufacturing and trade gains in Europe, Japan and China, but warned that protectionist policies threaten…

Eurozone core inflation was higher than initially forecast, the European Union’s statistics office said on Wednesday, while confirming its estimate for the headline figure.

Eurostat…

Malta’s economic activity remained above-average in March, with buoyant labor market conditions and expansions in industrial production and tourism, the Malta Central Bank said in an economic…

Sudanese economists have warned that the economic situation in the country is likely to further deteriorate leading to considerable rises in food prices during the coming months, Sudanese…

After a few quarters of negative growth that saw the death of businesses, the Nigerian economy is out of recession, but “conditions remain difficult for businesses,” World Economics, a London-…

Malaysia’s consumer price index rose to an over eight-year high in March, but economists widely expect the central bank will keep key policy interest rate steady to support a fragile recovery in…

Russian Prime Minister Dmitry Medvedev is confident that the reserve fund will not be exhausted in 2017, contrary to some forecasts, he said in a report addressed to the State Duma on Wednesday.…

Venezuela is diving deeper into crisis as citizens prepare for a mega march against President Nicolas Maduro.

The IMF didn’t sugarcoat its updated economic outlook for Venezuela on Tuesday…

Italy posted a trade surplus with the rest of the world of €1.884 billion ($2.02 billion) in February, narrowing compared with a surplus of €3.861 billion in the same month of 2016, data showed on…

A leap in economic growth will send Australia’s jobless rate plunging over the next two years, according to the International Monetary Fund’s latest projections, which herald a recovery of the…

Gold prices stumbled Wednesday as the dollar clawed its way up from the three-week low reached Tuesday, MarketWatch reported. Still, tensions over North Korea and looming French and UK elections…

Most Asia Pacific economies have started 2017 with good momentum, and regional growth is likely to remain relatively healthy by global standards during the rest of the year, said Fitch Ratings in…

It’s the topic the banking industry can’t avoid, even when people prefer not to mention it by name: Wells Fargo.

Germany has prepared a robust defense of its current account surplus in a position paper drawn up ahead of international finance talks in Washington later this week, when it expects to face US…

Confidence in the US economy is at its lowest point in five months, Gallup reports. The polling firm’s US Economic Confidence Index was +4 for the week ending April 16, down two points from a week…

China’s cabinet said on Wednesday that risks of mass unemployment in some regions and sectors have increased and pledged more fiscal and monetary policy support to address the potential rise in…

The head of the International Monetary Fund warned Greece that there would be consequences to restructuring its debt after elections where opponents of the country 240b euro bailout lead in the…

South Korea’s think tank, the Korea Development Institute, raised its economic growth outlook for this year to 2.6% from its previous estimate of 2.4%, reflecting improving exports and investments…

Economic growth in Saudi Arabia and most other Arab oil exporters will slow this year following production cuts aimed at propping up energy prices, the International Monetary Fund said Tuesday.

Indian companies’ foreign direct investment in March in their overseas ventures more than doubled to $2.99 billion, according to data released by the Reserve Bank of India on Tuesday, PTI reported…

Belarus’ gross domestic product rose 0.3% year on year in the first quarter of 2017, the National Statistical Committee of Belarus said in a statement, Xinhua reported. The official statistics…