World Economy

Thai banks’ non-performing loans are expected to fall over the next six months as the economy is improving, the finance minister said on Wednesday, Reuters reported. A rise last year in NPLs…

Mexico’s growth slowed in the fourth quarter, dragged down by falling oil production. Gross domestic product rose 0.6% from the previous three months, according to preliminary figures released by…

India’s 2017/18 federal budget is “fiscally prudent,” as it maintains the government’s fiscal consolidation efforts and would lead to stable economic growth if implemented correctly, a Moody’s…

US consumer confidence retreated from a 15-year high in January likely as some of the election euphoria fizzled, but households remained upbeat about the labor market, suggesting that the economy…

South Korean exports rose in January for a third consecutive month and at the fastest pace in nearly five years, preliminary data showed on Wednesday, handsomely beating expectations.

The…

South Africa recorded a larger-than-expected surplus in December, largely due to a sharp fall in imports as the continent’s most industrialized country continued to see subdued consumer and…

Activity levels across China’s manufacturing sector continued to improve in January, continuing the solid if not spectacular performance seen in the second half of 2016.

The government’s…

The outlook for Canada’s economy remains uncertain, especially with respect to the direction trade policy south of the border appears to be taking, Bank of Canada Governor Stephen Poloz said.

Chancellor Angela Merkel on Tuesday rejected a US trade adviser's charge that Germany was using an "undervalued" euro to gain advantage, saying her government had always called on the European…

Asian shares slipped on Tuesday as stringent curbs on travel to the United States ordered by President Donald Trump brought home to investors that he is serious about carrying out his…

The Bank of Japan raised its economic growth forecasts on Tuesday, but kept its policy stance unchanged, as was widely expected in its latest policy review.

Turkey’s central bank said further tightening of monetary policy remains “on the table”, and that the lira’s rapid plunge has put the inflation target out of reach until 2019.

Greece has the highest unemployment rate in the Eurozone according to data published by Eurostat on Tuesday, Anadolu Agency reported. Although the Eurozone average for overall unemployment in…

The output of Canada’s economy expanded by 0.4% in November, led by mining, oil and gas, manufacturing and construction, CBC reported. Statistics Canada reported Tuesday that the monthly expansion…

Frosty temperatures in January have led to a slight increase in unemployment in Europe’s largest economy, the Federal Labor Office has reported, DW says. It hastened to add there was no reason to…

Saudi Arabia has introduced a value-added tax with the approval of the International Monetary Fund, indicating the end of life without VAT across the (Persian) Gulf Cooperation Council states.

Italy’s unemployment rate stayed at the highest in a year and a half, reflecting households’ concerns about the growth outlook in the euro region’s third-biggest economy. The jobless rate remained…

In today’s connected world of business, Islamic finance is a concept that people working in the banking and finance industries are likely to come across in their careers. Islamic finance, despite…

Smoking cost the world economy more than $1.4 trillion in 2012, and sucked up a twentieth of health care spending, a study said Tuesday.

French economic growth accelerated at the end of 2016, putting the country and the wider eurozone on a steadier footing at the start of a year over which political uncertainty looms.

Donald Trump is now the 45th president of the United States, and in his inaugural address he made it clear to the assembled US establishment that his administration does not intend to pursue…

Four years ago, when Prime Minister Mark Rutte started his second term, the Dutch economy was suffering from a housing market slump caused by the worst financial crisis since World War II. With…

Deutsche Bank has agreed to pay $630 million in fines for organizing $10 billion in sham trades that could have been used to launder money out of Russia, the latest in a string of penalties that…

Britain and the European Union are heading for an “economic cold war” that could have “terrible consequences” for the West, Italy’s Deputy Foreign Minister Mario Giro said Monday.

In an…

Eurozone economic sentiment edged higher to a near six-year high in January, as the mood in industry, services, the financial sector and among consumers improved, European Commission data showed…