World Economy

Qatar’s finance minister says a new unified value-added tax across the Persian Gulf Arab countries could come into effect as early as next year as the oil-rich region searches for new sources of…

Malaysia’s economy will grow by 4.2% this year, aided by an improvement in exports, recovering commodity prices and robust domestic consumption, Bernama reported. OCBC Bank economist, Wellian…

The US trade deficit narrowed slightly in December, but the improvement wasn’t enough to keep the deficit for the entire year from rising to the highest level since 2012. That should provide fuel…

Canada sold $923 million more worth of goods and services to the world than it bought in return in December, new numbers from Statistics Canada showed Tuesday, CBC reported. Canada’s trade surplus…

Taiwan’s exports grew from a year earlier in January on the back of solid global demand, in particular electronic devices, marking the fourth consecutive month that the country’s outbound sales…

Troubled Greece will buckle under the weight of its huge debts, which are highly unsustainable over the longer term, according to damning analysis of the eurozone’s bailout by the International…

With more than half of Singapore equities trading below their net worth, some investors are chasing profits by buying shares in companies that may be bought out or delisted by controlling…

Asian stocks fell broadly on Tuesday as economic and political uncertainty gripped global markets. Given the worries about the political landscape in Europe and lingering uncertainty surrounding…

Portugal’s high debt load, limited growth and weak banks saddled with bad loans make the country particularly vulnerable to an international environment where protectionism is on the rise, the…

The Turkish government transferred its holdings in the country’s biggest bank by assets and a state-owned phone company to a new sovereign-wealth fund created to finance large infrastructure…

While it remains a challenge to understand the headline growth in China, one can conclude the economy is slowing.

Bond investor Bill Gross said on Monday that without quantitative easing from the European Central Bank and Bank of Japan the 10-year US Treasury yield would “rather quickly” rise to 3.5% and the…

Higher demand at home and abroad for goods needed in production drove the biggest monthly increase in German industrial orders in around 2-1/2 years in December, suggesting the first quarter of…

Czech officials believe that over the course of at least a year, hackers from abroad stole 7,100 diplomatic documents and cracked 168 email accounts, DW reported. On Thursday, two weeks after…

After three years of losses, gold prices rebounded in 2016 and as a result physical gold demand dropped 20%, its lowest since 2009, according to GFMS analysts at Thomson Reuters. What’s more, the…

Growth in service and construction industries lowered Morocco’s official unemployment rate to 9.4% last year from 9.7% in 2015, the country’s planning agency said on Monday, Reuters reported.…

Sentiment among Australia’s small and medium businesses is in neutral, dampened by worries about the economy. A new quarterly survey, the Bankwest Future of Business 2017 Outlook Report, gauges…

Vietnam is on the rise as increasing levels of foreign direct investment support strong economic growth and help to drive development across the country. Its big cities, Ho Chi Minh City and Hanoi…

Kenya is in a strong position to repay its creditors, the International Monetary Fund has reassured. This is despite envisaged risks on the country’s growth prospects due to the impact of external…

South Korea’s household debt is increasing steeply, with some estimating it to reach 1,500 trillion won ($1.31 trillion) by the end of this year. While snowballing household debt is weighing on…

The four BRIC economies have attracted 35% more foreign direct investment than the more advanced G7 nations. This was revealed in a report published on Monday by UHY, the international accounting…

The Central Bank of Egypt says the country’s foreign reserves hit $26.3 billion at the end of January 2017, rising from $24.2 billion last month.

The announcement comes a few days after CBE…

The Greek economy remains in recession while figures for the rest of the eurozone have taken a positive turn with growth on the horizon, as new Eurostat data released show, Tornosnews reported.…

South Korea’s self-sufficiency rate of grain, beef and seafood sharply fell last year as imported food items appealed to consumer tastes with their lower prices and variety of flavors, according…

Prospects for the Japanese economy have brightened at the start of 2017. Business conditions in Japan continued to improve following a pick-up late last year, adding justification to upgraded…