World Economy

This time it is the turn of an Italian bank. Monte dei Paschi di Siena, the centuries-old bank that is drowning under a growing pile of distressed loans.

In 2016, the Standard & Poor’s 500 index jumped 11% and bounced back from a flat result the year before, and energy companies and banks made some of the largest gains as investors bet on a…

Australia’s federal government has increased infrastructure investment, focusing on large-scale projects for transportation facilities to help stimulate an economy reeling from the end of the…

China has set a target of reducing its annual coal capacity by 800 million tons, according to a government plan reported Saturday by state media.

One of the world’s leading credit rating agencies, Moody’s, has cheerful news for Nigerians in 2017.  It says the country’s economy and her dollar earnings are expected to improve in the new…

Malaysia’s economy looks well-poised for a recovery owing to reforms involving both the government and private sector, the country’s G25 movement said Saturday, Malayonline reported. The group…

South Korean exports in December rose for a second straight month, data showed on Sunday, adding to hopes for a firm turnaround in shipments that have fallen for most of the past two years.

After a year that sprang many surprises, the global economy is into a new year, one that may hopefully see recovery in many major and commodity-led emerging markets.

Legislation informally known as the “Google tax” ordering foreign companies engaged in online sales of electronic content in Russia to pay the value-added tax is coming into force on Sunday.

Many have predicted that while the global economic environment will remain uncertain in 2017 Indonesia’s economic growth next year will be higher than in 2016.

The rise of populism in Europe is a far greater threat to the continent’s stability than Britain’s decision to leave the EU, the global chairman of KPMG, one of the world’s top four biggest…

Ireland finished 2016 as the best performing economy in the EU for the third year in a row. It is a remarkable turnaround over a relatively short period of time, NewsNow reported. The banking…

German utility E.ON plans to cut administrative jobs as part of efforts to reduce costs by €400 million ($420.98 million), Chief Executive Johannes Teyssen told newspaper Rheinische Post, Foxnews…

Indonesian national production of unhulled rice rose to 79 million tons in 2016 from 74 million tons in 2015, en.tempo reported.  “The production of unhusked rice will increase to 79 million…

China’s economy is on a steady growth path as 2016 ends, supported by a housing boom and billions in government investment, but the mood of policymakers is more cautious than celebratory as they…

The UK economy defied expectations in 2016 as Britons decided to keep calm and carry on spending following the Brexit vote–but there are fears it could be in for a bumpy ride over the year ahead…

These days it is a rare incident that a move made by Brussels is received with genuine enthusiasm in Ankara, yet this is precisely what happened last week when the European Commission asked the…

The World Economic Forum’s member of the Managing Board and Director Philipp Rosler called on the EU to improve relations with Russia. The former German chancellor made the statement in an…

Canadian economic confidence has rebounded from historic lows measured in Q1 of 2016, but is still well off of pre great-recession norms, according to new Ipsos poll conducted for Global News.

In his first press conference after being appointed minister of finance of Argentina, Nicolas Dujovne said that one of his main objectives is to lower the fiscal deficit, increase infrastructure…

The southern state of Guerrero is a state in Mexico where inequality is a way of life. The plight of lifelong resident, Martin Visoso, is typical. Martin left his seasonal farming job to earn more…

The US Agency for International Development has ended funding for a flagship customs reform project in Ukraine’s Odessa region, as the government’s ambitious plans to tackle bribe taking at its…

Most world stocks markets finished 2016 in positive territory despite shock votes in Britain and the United States, but the outlook for 2017 is clouded by looming European elections and Brexit.…

Taiwan will spur domestic demand with a mid- to long-term infrastructure development plan, President Tsai Ing-wen said, augmenting a more conservative spending proposal released this year.

Malaysian Prime Minister Najib Razak has reminded all Malaysians that despite a challenging 2016, the government is committed to building a more prosperous and equitable Malaysia, Asia News…