World Economy

Vietnam’s economic growth eased off in 2016 but remained resilient in the face of a global trade slowdown and environmental disasters, authorities said Wednesday. The country’s GDP picked up in…

The economic climate in Singapore has deteriorated this year, according to companies polled in a new survey, with almost half expecting the coming year to be even worse. This was one of the…

Bitcoin’s latest price surge showed no signs of slowing, as investors continued to pour into crytocurrency at a time of heightened economic and geopolitical uncertainty. The BTC/USD exchange rate…

Russia’s Finance Ministry plans to reach a deficit-free budget in 2019 with the oil price of $45 per barrel, Tass reported. “Only two years ago we ran a budget surplus with the oil price of $105…

Overall conditions in Nigeria remain challenging with little sign that the economy will exit recession over the coming months, that is according to London-based World Economics, Channelstv…

According to a report from the University of Michigan, the US consumer sentiment index has improved in December 2016, Market Realist reported. It stood at 98.2 in December 2016 as compared to 93.8…

Troubled Italian bank Monte dei Paschi di Siena says it will need more rescue money than previously expected, as a government rescue looms, AP reported. The bank said in a statement issued late…

The Brazilian government has not pressured state-run banks to free up credit and reduce their spread, but interest rates are likely to fall as the central bank’s benchmark Selic rate continues to…

The concentration of wealth among the eurozone’s richest has increased since the bloc’s debt crisis began, with poor families suffering the biggest drop in asset values, a survey released by the…

The global diamond industry is facing disruption that could stretch through the first few months of next year, as a result of Indian Prime Minister Narendra Modi’s radical move to abolish most of…

US equities are trading near a record, the dollar is around a multi-year high and crude oil has climbed to a 17-month peak as traders have powered past shocks from the Brexit vote in the UK to…

According to the Organization for Economic Cooperation and Development, debt and high housing prices are the reasons why households in Canada are vulnerable.

Thailand’s customs-cleared exports surged last month, thanks to higher demand from major markets, an encouraging sign for the trade-dependent country whose economy has been struggling to regain…

In what can be considered as a key milestone in Southeast Asia’s regional central banking cooperation, the central banks of Malaysia, Thailand, and Indonesia have signed an agreement on currency…

Japan’s consumer prices fell for the ninth straight month in November, official data showed Tuesday, while household spending declined and unemployment ticked up.

It was a further blow to…

South African banks are likely to be less profitable next year amid a slow economy and a concomitant increase in bad debts and rising capital costs. However, insurers are likely to profit from the…

Dubai’s non-oil foreign trade reached AED952 billion ($259.2 billion) in first nine months of 2016, according to official figures.

Imports had the lion’s share at AED594 billion, while…

Peru’s economy will grow by 5% next year instead of 4.8% as previously forecast by the government, President Pedro Pablo Kuczynski said in an interview with a local newspaper published on Monday,…

Latin American and Caribbean region’s finished steel consumption fell by 9% to 51.4 million metric tons during January to October this year, as per the latest figures released by the Latin…

Armenia’s overall public debt by the end of 2017 will amount to 56.8% of GDP, or $6.34 billion, according to Finance Minister Vardan Aramyan, ARKA reported.  Speaking at a news conference,…

The French unemployment rate dropped significantly in the last two months, and will likely continue downward in the New Year, the Paris daily Le Figaro reported Monday, politico.eu reported.

President Vladimir Putin said Russia’s economy is returning to growth and there are signs that real wages are improving as the country emerges from its longest recession this century, Bloomberg…

Confidence in Turkey’s retail trade and construction sectors advanced slightly in December while the services sector slipped, the Turkish Statistical Institute announced Monday.

Many Ukrainians think it is much safer to keep their money under the mattress than in the bank. This point is proven by Ukraine’s richest: The country’s top officials and lawmakers, many of them…

The UK is set to crash down the table of the world's largest economies because of Brexit, a report claims. And an analysis by the Center for Economics and Business Research says the slump in the…