World Economy

Egypt’s total external debt rose by 40.8% year-on-year in the first half of the fiscal year 2016-2017, while domestic public debt increased by 28.9% in the same period, the Central Bank of Egypt…

US antitrust regulators approved ChemChina’s $43 billion takeover of Swiss pesticide and seed giant Syngenta after they agreed the Chinese company must sell three products, the federal trade…

The monetary policy committee, headed by the Reserve Bank of India Governor Urjit Patel, began its 2-day meeting Wednesday amid experts saying that the central bank is likely to hold the rate on…

Kuwait will increase its borrowing on international markets to plug a budget deficit resulting from low oil prices, the finance minister said on Tuesday.

The move comes after the Persian…

The latest report released by the IBD/TIPP revealed that economic optimism index in the US declined 3.6 points, or 6.5%, in April, posting a reading of 51.7 vs. 55.3 in March 2017.

Brazil’s economy has clearly started to grow again after a harsh recession, Finance Minister Henrique Meirelles said late Tuesday at an aerospace and defense exposition in Rio de Janeiro.

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Activity in Japan’s services sector expanded at the fastest pace in 19 months in March as outstanding business improved, allowing companies to charge more for their goods, a private survey showed…

A new €50 note designed to be harder to forge is being launched in the 19 countries of the eurozone, DW reported. But the old ones will remain valid for the time being. The European Central Bank…

The International Monetary Fund has decided to release the next $1 billion loan payment to Ukraine, which had been postponed following the blockade imposed on the separatist east of the country,…

Canada’s trade balance changed direction in February, as the economy posted a trade deficit of $972 million after three straight monthly surpluses, CBC News reported. Statistics Canada reported…

Hungary’s retail sales growth eased at a faster-than-expected rate in February after accelerating in the previous month, preliminary figures from the Hungarian Central Statistical Office showed…

Asian stocks turned in a mixed performance on Tuesday, with overnight declines in oil prices and a weak lead from Wall Street weighing on markets ahead of the first meeting later this week between…

Russia’s economy returned to growth at the end of 2016, turning the page on seven consecutive quarters of contraction that laid waste to the middle class after oil prices crashed.

Global debt rose to 325% of the world's gross domestic product in 2016, totaling $215 trillion, an Institute for International Finance report released on Monday showed, boosted by the rapid growth…

Indonesian President Joko Widodo said on Tuesday that he wants the country’s gross domestic product to expand 5.6% next year from 5.1% government’s target of this year, Xinhua reported. …

The odds of a euro collapse increase each passing day, as the number of countries joining the rhetoric of leaving the eurozone rises. Such an event could have a negative world impact on economies…

Australia’s trade surplus ballooned in February as exports of gold and minerals rebounded while imports took an unusually sharp fall, nudging the country nearer to its first current account…

South Korea’s consumer prices shot up at the fastest clip in nearly five years in March on a sharp rise in gas prices, government data showed Tuesday.

South Africa’s demise toward full “junk” status looks almost inevitable after Standard & Poor’s cut the country’s credit rating as the first of three major agencies following the sudden…

Living standards around the world could fall unless governments invest more in research and education that can help revive weak productivity growth, International Monetary Fund Managing Director…

A new free trade agreement with the European Union is of “paramount” importance for Mexico and both parties aim to conclude a deal this year, Mexico’s deputy economy minister has said.

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Standard Chartered Bank has raised its forecast for Malaysia’s gross domestic product growth to 4.1% from 3.8% previously, supported by the recent export recovery, investing.com reported. The…

Nine years after the beginning of a £45 billion ($56 billion) bailout by the British government, Royal Bank of Scotland is emerging from its restructuring process a shadow of what was once the…

Sri Lanka’s inflation hit 7.3% in the 12-months to March 2017, the highest seen the 2012 currency collapse, data from the state statistics office show, as the rupee depreciated steadily amid…

Ireland’s business group IBEC says the country’s economic growth is looking very impressive despite fears over Brexit, EU Bulletin reported. Its quarterly economic outlook forecasts growth of 3.1…