World Economy

President of the Asian Development Bank, Takehiko Nakao, said he believes the Philippines will continue to enjoy solid growth this year and beyond, “based on a young and educated workforce and…

Fitch Ratings has affirmed Lagos state’s long-term foreign and local currency issuer default ratings at ‘B+’ with negative outlook and short-term foreign currency IDR at ‘B’, FinancialWatch…

Argentina’s economic activity rose 1.6% in December compared with the previous month, government data showed, a sign the economy likely expanded in the fourth quarter after a long recession,…

India witnessed an 18% jump in foreign direct investment, up from $39.32 billion in 2015, to touch $46 billion in 2016. Bulk of the FDI came in from Japan, Mauritius, Singapore and the Netherlands…

How much more can the “Trump Bump” lift the stock market? US stocks have screamed to records since election day because investors are expecting Donald Trump’s White House to cut taxes for business…

Colombia’s central bank unexpectedly cut the benchmark interest rate on Friday as policymakers decided that consumer confidence and the sluggish economy need help even though inflation…

Saudi Arabia’s economy is forecast to continue slowing this year, dragged down by negative growth in the oil sector, according to Jadwa Investment.

Its latest report said growth in the oil…

The federal government ran a budgetary shortfall of $14 billion over the first nine months of the fiscal year, compared with a $3.2 billion surplus over the same period a year earlier. Canada’s…

Unemployment rate in Brazil rose to 12.6% by the end of January, which means around 12.9 million people are out of work, the government announced late Friday.

The Brazilian Institute of…

Worldwide sovereign debt is set to reach a new record high of $44 trillion this year despite a slight reduction in governments’ annual borrowing, an estimate from credit ratings agency S&P…

Spot fares on container ships are trending higher, lifted by robust shipping to the US and a decrease in capacity cause in part by the failure of South Korea’s Hanjin Shipping.

Digital currency bitcoin jumped to a record high above $1,200 on Friday, as investors speculated the first bitcoin exchange-traded fund to be issued in the US is set to receive regulatory approval…

Egyptians are bearing down under their worst inflation in a decade, cutting spending as much as possible as prices surge on basic food items, transport, housing, and even some essential medicines…

Portugal is set to exit the EU excessive deficit procedure if the European Commission confirms its latest forecasts for this year and next in a new assessment in the spring, EC Vice President…

French consumer confidence remained at its best level in more than nine years in February for the second month in a row, Euronews reported. Surveys carried out by the national statistics office…

Greek Prime Minister Alexis Tsipras says the era of austerity is over for his country, painting a positive picture Friday of reforms the country has agreed to take after its latest bailout program…

Australian Central Bank Governor Philip Lowe said he expects “a period of stability” in interest rates and suggested further cuts could push already high household debt to “dangerous” levels,…

US Federal Reserve officials expect another hike in the US benchmark interest rate “fairly soon” due to an improving economy and anticipated inflationary pressures.

The modest momentum of emerging market economies, coupled with developed countries performing close to their potential, will help the global economy expand this year, says Moody's Investors…

Local government debt has always been seen as a time bomb ticking away beneath China’s economy. Central authorities have tried various ways to address the issue. In 2015, they unveiled a debt swap…

The world needs the European Union now more than ever. Despite recent crises and the hard blow dealt by the Brexit vote, the EU may well be the world’s best line of defense against today’s most…

Bailed-out Royal Bank of Scotland has reported huge net losses for 2016. The lender is still reeling from massive litigation and restructuring costs after being accused of mis-selling mortgage-…

The German government, regional states and communities have logged yet another annual budget surplus, the statistics office has reported. Increased revenues were based on a continuously robust…

Slowing global economic growth and mounting debt burdens in advanced and emerging economies alike are a hazardous backdrop for the alarming squeeze in global dollar supply, stemming from US trade…

India’s economy is in a “fairly good shape” and it is likely to be less affected than other emerging economies if there is a further shock to the global economy, according to a senior official of…