World Economy

The Bank of Japan is set to keep monetary policy steady on Tuesday and seek to allay speculation of an early tapering of its massive stimulus, as recent bond market turbulence puts to the test its…

Hungary’s jobless rate dropped by 1.7 percentage points to 4.4% in the October-December period of last year, as compared to the same months a year earlier, the Central Statistical Office said in a…

Turkey’s economic confidence regressed to 85.7 in January with a 3.9% decrease compared to the previous month, data from the Turkish Statistics Institute showed on Jan. 30, Anadolu Agency reported…

A Swiss village has launched its own temporary currency in order to boost the local economy and finance a new cable car, which residents say is essential for the area’s future, BBC reported. Fifty…

UK consumer confidence fell back in January, data from the European Commission has shown, while eurozone confidence was better than expected. The seasonally adjusted consumer confidence indicator…

Accusing the Narendra Modi government of “presenting a rosy picture of the Indian economy”, former prime minister Manmohan Singh and finance minister P. Chidambaram Monday claimed the ruling…

Greece’s debt is manageable if the agreed reforms are fully implemented, according to the European Stability Mechanism after a leak of the International Monetary Fund’s report underlined in…

The US removal of sanctions on Sudan may unlock the potential for the government to tap its rich mineral and agriculture resources. Now the African state needs to carry out the large-scale reforms…

The International Monetary Fund says Zimbabwe should undertake bold reforms that include streamlining of the public sector wages to ensure the viability of the economy.

Italy has done too little in the last three years to reduce non-performing loans weighing on its banks, the European Central Bank’s top bank supervisor told the Italian daily la Repubblica on…

Finland’s businesses as well as consumers are increasingly optimistic about the future, suggests data published by Statistics Finland and the Confederation of Finnish Industries.

Spain’s economy kept up a steady expansion in the fourth quarter to hit one of the eurozone’s fastest growth rates for 2016, but its consumer-led recovery may slow in the coming months amid rising…

New Zealand has recorded a narrower annual trade deficit. Official figures show a shortfall of $3.2 billion in 2016, compared with a $3.5 billion deficit in the previous year.

Thailand’s economy is expected to grow 3.6% this year, up from the 3.4% previously projected, thanks to higher public spending and improved exports, the finance ministry said on Monday, Nasdaq…

Cryptocurrency bitcoin could be the new gold. Gold has traditionally been seen as a safe haven asset by investors—when uncertainty and risk is high, gold seems like a safe bet. 

The picture on income inequality in America just got a little bleaker. Top wage earners last year made 5.05 times what their lowest-income counterparts took home, the widest gap in data going back…

Switzerland’s economy minister said Sunday he wants to have “background” talks with Britain so that a trade deal can be in place as soon as the UK leaves the European Union.

Socioeconomic Planning Secretary Ernesto M. Pernia on Thursday released a report on the performance of the Philippine economy for the last quarter of 2016. He said the economy grew by 6.6%,…

Germany has seen a steady uptake in goods flowing to China, coupled with a decline in exports to the US, according to the German chambers of commerce. There are concerns over US protectionist…

After a couple of years of falling earnings, corporate Australia looks set to finally deliver some growth in the February results season, AAP reported. As usual, it is a slow start with just a few…

Alibaba’s financial arm, Ant Financial, said it has reached a deal to acquire MoneyGram, an American money-transfer firm, for $880m, AsiaFirst reported. The deal, which is subject to approval of…

General Motors Co. will cut 625 jobs at its auto assembly plant in Ingersoll, Ontario, by the end of July as it moves some production work to Mexico, the president of Canada’s largest autoworkers…

Russian consumer spending, which came undone quickly during a recession, will take time to put together again. Households continue to embrace thrift even as the ruble tests new highs and inflation…

The (Persian) Gulf Cooperation Council member states banks are facing strong headwinds since the global financial crisis this year–as low oil prices hit liquidity and weigh on lending…

Prime Minister Joseph Muscat Sunday gave a short interview on One Radio to speak about what he termed as Malta’s “economic miracle”. Muscat said great strides forward had been made on the economic…