World Economy

China’s non-financial outbound direct investment (ODI) is likely to hit 1.12 trillion yuan ($161 billion) in 2016 and foreign direct investment into China will total 785 billion yuan, Commerce…

Alex Romero was delighted when President Barack Obama came to Havana in March bearing the promise of a bright new future. Like so many other Cubans, the 42-year-old state photography shop employee…

The effect of South Korean government fiscal spending on boosting the economy is feared to lose further ground in 2017 than this year due to the nation’s greater economic opening and other factors…

Bank of Japan Governor Haruhiko Kuroda defended his yield curve control policy on Monday, saying it had kept Japan’s long-term interest rates from joining the uptrend in global yields and was…

Global merger and acquisition activity has soared to $3.1 trillion so far this year—its third highest since 2007—even as the deal value saw over 22% decline last year, says a report.

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Mongolia is in the depths of an unusually harsh winter that is decimating livestock and sending temperatures to minus 56 degrees Celsius. But an economic winter has also hit people like factory…

The subdued consumption in India is likely to get a boost next month with big banks including the State Bank of India expected to cut lending rates. Since November 8, when the government banned…

Japan will adopt a two-prong policy on Russia of maintaining sanctions in line with the Group of Seven’s protest against the seizure of Crimea, while also helping to boost the Russian economy,…

The harsh economic situation in Nigeria has thrown 1.7 million Nigerians into the job market in nine months, a report from the National Bureau of Statistics has indicated, Punch reported. The…

Gas y Petroleo del Neuquen SA, the oil and gas company owned by Argentina’s Neuquen province, plans to auction exploration rights to six blocks in the Vaca Muerta shale play, local media reported…

Egypt targets a 5% economic growth rate in the year to June 2018, the finance ministry said Sunday as the government seeks to revive an economy battered by political turmoil.

Egyptian…

China should step up macro controls, keep to a prudent monetary policy and optimize policy to ensure stable liquidity, said a commentary in Financial News, a news outlet under China’s central bank…

Saudi Arabia’s government plans to provide 200 billion riyals ($53 billion) of incentives to the private sector over the next four years in its drive to diversify the economy beyond oil, according…

The US and Japan are expected to continue their economic recovery in 2017, while China and the eurozone will likely post slower growth than this year, South Korea’s central bank said Sunday.

British consumer confidence fell this month to its lowest level since the immediate aftermath of the EU referendum, crimped by worries around rising inflation pressures, a survey showed, Reuters…

As Japan takes on the elusive challenge of fiscal reconstruction, slowing tax revenue growth is casting a shadow over the future of an aging Japan.

That bodes ill for Prime Minister Shinzo…

The Central Bank of Cyprus has revised upwards economic projections for the eastern Mediterranean island, expecting growth over the next three years to be an annual average of 3%.

Political events, wild swings and big sector rotations have punctuated a busy year for European equities, which, after a dismal start, have bounced in the final weeks to recoup most of their…

A Nobel Prize-winning economist has warned that the rise in robotics and automation could destroy millions of jobs across the world.

Angus Deaton, who won the Nobel Prize last year for his…

India’s consumer price index inflation is likely to average around 5.3% in 2017, up from 5.1% in 2016, but the Reserve Bank of India might still cut repo rate by 25 bps in the first quarter of…

New Zealand’s economy surged ahead in the third quarter as consumers spent lavishly while homebuilding and tourism boomed, cementing expectations the country’s central bank was done cutting…

India’s growth is expected to largely remain unchanged at 7.1% in the coming year and will rise sharply to 7.7% in 2018, says a report, NDTV reported. According to the Japanese brokerage firm,…

Kenyan growth eased in the third quarter of 2016 due to a slowdown in most sectors, especially agriculture, the statistics body said, AllAfrica reported. The Kenya National Bureau of Statistics…

The European Central Bank has forecast that the Irish economy will grow by 3.3% next year, Business World reported. In its latest economic projections, the ECB also said that inflation here would…

The Philippines’ central bank has kept borrowing rate on hold on strong growth and low inflation. The bank saw no reason to alter monetary policy settings at its meeting, its first since the…