World Economy

Every time President Donald Trump rails against big “pharma” over jobs that have been shipped overseas, his pledge to streamline regulations and lower taxes to lure them back to the US prompts a…

Boeing’s new Indian unit will help the company win more business from local customers and mean more employment in the South Asian country, the head of the US defense firm’s Indian business said…

The Egyptian economy has been showing signs of a slow, but painful recovery since a $12 billion loan from the World Bank, late last year, followed by a number of economic reforms, including the…

When Argentina launched a tax amnesty program last year to bring billions of dollars back into the country, it found support from an unlikely corner: the banks whose clients had stashed money…

A team from the International Monetary Fund, led by Joel Toujas-Bernate, visited Accra from February 6-10, 2017 to take stock of the 2016 economic developments and the outlook for 2017, engage in…

Angola’s economic growth contracted by 4.3% in the third quarter of 2016 after shrinking by 7.8% in the second quarter, the National Institute of Statistics said late Friday, Reuters reported. “…

Over a million Brazilian construction workers have lost their jobs in the last two years due to the deep economic crisis the country is going through, Xinhua reported. A report published Friday by…

Heightened political risk and policy uncertainty in France, reflected by a jump in sovereign yields and a weaker single currency, are clouding a scheduled ratings review by Moody’s, economists and…

Consumer price growth has slowed to a 37-month low in Norway, adding pressure on its central bank to provide further monetary easing despite a red hot property market that is fueling concerns…

The world’s working-age population is shrinking faster than expected, leaving fewer people to support a growing number of seniors, according to the Bloomberg Sunset Index.

Fitch Ratings fired a warning shot Friday about President Donald Trump’s economic policies, saying hard-line stances on trade and immigration pose potentially serious problems for the world.

Greek Prime Minister Alexis Tsipras on Saturday warned the International Monetary Fund and German Finance Minister Wolfgang Schaeuble to “stop playing with fire” in the handling of his country’s…

India’s foreign exchange reserves rose $1.6 billion to reach $363.1 billion as on February 3 said the Reserve Bank of India in a statement to the media on Friday, PTI reported.

Gold fell on Friday on a firmer dollar after US President Donald Trump promised a major tax announcement and as economic data boosted expectations of a US rate hike, Reuters reported. Spot gold…

After two years of sharp decline, the Palestinian industrial production index recorded a small gain in 2016, al-monitor reported. According to the Feb. 5 report of the Palestinian Central Bureau…

Going against a global trend of discouraging cash use, the European Union’s biggest eastern economy Poland launched a new 500-zloty ($123.6) banknote on Friday to reduce the cost of storing…

Venezuela’s state-run oil company, PDVSA, has fallen months behind on shipments of crude and fuel under oil-for-loan deals with China and Russia, according to internal company documents reviewed…

World stock markets mostly kept rising on Friday after US President Donald Trump promised he would soon cut taxes for businesses. 

Worry about a potential currency war in the wake of President Donald Trump’s inauguration is “premature,” a spokesman for the International Monetary Fund said Thursday.

 “I don’t see…

With the global economy on an uncertain trajectory, China and the US on the cusp of a trade war and commodity prices recovering, Asian central banks are reassessing their monetary policies. After…

Dubai’s private sector started 2017 on an upbeat note by recording the sharpest rise in output in almost two years, new data suggests.

South Korea’s finance minister on Friday called for intensive structural reform to regain the growth momentum of Asia’s fourth-largest economy.

Indonesian authorities welcomed a credit outlook upgrade by Moody’s as a sign investors are increasingly comfortable with the country, while Finance Minister Mulyani Indrawati chastised Standard…

Last year, Vietnam’s total export turnover was $175.9 billion, an increase of 8.6% over the previous year. This year, the ministry has set an export turnover target of $188 billion for 2017, or 6.…

By 2050, six of the seven largest economies will be emerging market economies–with China, India and Indonesia leading the way, reveals a global economic outlook report by management consultancy…