World Economy

Files released by the mysterious hacker “Shadow Brokers” on Friday suggested the US National Security Agency had penetrated the SWIFT banking network and monitored a number of Middle Eastern and…

Climate change is making poor countries poorer, yet funding meant to address its economic consequences has been slow to materialize. Instead funding bodies are choosing to invest in green energy…

South American trade bloc Mercosur plans to sign a trade agreement with the European Union this year, the president of Argentina, which holds the rotating presidency of Mercosur, said in an…

Fitch has maintained its AAA rating for Luxembourg and said the country’s economic outlook remains stable, echoing similar assessments made recently by DBRS, Moody’s and Standard & Poor’s, AFP…

Sluggish global trade, policy uncertainties in major economies, and subdued investment have weighed on the global economy in recent years. While the gloom’s biggest impact was on some of the most…

The Bank of Japan should maintain quantitative easing until inflation exceeds its price target but it must be alert to the risks posed to asset prices and the financial sector, the Organization…

Russia’s GDP is estimated to reach 2% this year, Prime Minister Dmitry Medvedev said at a government meeting Thursday, Tass reported. “As of today we already evidence some potential for investment…

Uncertainty on US trade policy and a mixed record for labor means Canada’s economy is still under pressure despite higher oil prices, the central bank said.

As had been widely expected, the Brazilian central bank cut rates a full 100 basis points, taking the headline policy rate to 11.25%.

Strong trading results, rather than lending, was the driving force behind solid earnings reported by large US banks Thursday, as executives expressed measured optimism about the prospects for…

Business confidence in Malaysia strengthened in the first quarter of the year, hitting the highest level since the second quarter of 2015, Bernama reported. The 1Q17 Global Economic Conditions…

Germany’s March final consumer price index was confirmed at +0.2% month-over-month as expected. There were no surprises in any of the final readings. Germany’s CPI rose 1.6% year-on-year following…

A closely-watched measure of New Zealand’s manufacturing economy strengthened in March, offering further evidence that the recent factory slowdown was only temporary, economiccalendar.com reported…

Singapore’s economy lost some of its momentum in Q1 2017 as it contracted an annualized 1.9% from the previous three months, preliminary data from the government showed earlier this week. On a…

The World Bank has warned economies in the East Asia and Pacific region of risks that cloud the region's positive outlook, advising governments to take measures to strengthen policy and…

China’s 2017 export outlook brightened considerably on Thursday as it reported forecast-beating trade growth in March and as US President Donald Trump softened his anti-China rhetoric in an abrupt…

The Turkish Central Bank will closely monitor pricing behavior and implement further monetary tightening if needed, its governor said on March 8, but the lira weakened in apparent disappointment…

French statistical office Insee on Thursday confirmed that inflation in France slowed marginally as initially estimated. France’s consumer price index rose 1.1% year-over-year in March, following…

South Korea had the lowest money supply in two years and 10 months despite its low interest rate, according to data by the Bank of Korea released on Wednesday.

Bahrain needs to make significant spending cuts to restore stability to its budget and improve investor confidence as the smallest economy among Persian Gulf Arab monarchies tries to manage the…

Australian consumers are more pessimistic about the future economic outlook and the housing market, according to a recent survey by Westpac.

The Westpac—Melbourne Institute Index of…

Kenya’s GDP growth is projected to decelerate to 5.5%, a 0.5 percentage point mark down from the 2016 forecast, according to the World Bank’s Kenya Economic Update released in Nairobi Wednesday.…

Most Asia stock markets retreated Wednesday as rising geopolitical risks kept investors on edge, with Japanese shares leading the decline after the strengthening yen breached a key level.

With first quarter growth in 2017 the lowest in the last three years at 5.1%, Vietnam’s targeted GDP growth of 6.7% this year will be a tough task, a new report says.

The quarterly report,…

Brazil’s central bank is widely expected to speed up monetary easing on Wednesday, taking advantage of slowing inflation to try to revive an economy still struggling with its deepest recession on…