World Economy

Kuwait’s foreign trade surplus shrank 20% from a year earlier to KD1.39 billion ($4.56 billion) in the third quarter of 2016, data from the Central Statistical Bureau shows.

However, the…

Improving confidence proved Eurozone's resilience after political events since the summer. Data so far also suggests a slightly more optimistic outlook for coming months supported by export orders…

Investment banking deal volumes in Russia rose almost 50% in 2016, with domestic advisers leading the charge, but continued sanctions and the economic contraction mean the industry remained a…

Argentina’s annual inflation rate is now about 20%, down from an estimated rate of about 40% last year. The central bank is struggling to keep the economy on a disinflationary path, with a goal of…

Canada’s economy unexpectedly shrank in October, weighed down by the worst manufacturing output in nearly three years, Statistics Canada said.

Gross domestic product contracted by 0.3% for…

Singapore’s factory output jumped 11.9% in November over the same month last year, the fastest pace since March 2014 and better than October’s revised 1.3% expansion.

A surprise surge in…

As the year comes to a close, special attention must be paid to the South Korean economy. Sure, the presidential scandal is stealing the headlines but there might be something even worse lurking…

The mood among German consumers improved heading into January as they became more upbeat about their future income, a survey showed, suggesting household spending will continue to propel economic…

The ratings agency Fitch downgraded Belgium’s long-term debt rating one notch to AA-, citing growing levels of sovereign debt, but said the European nation’s outlook was stable, AFP reported.

US consumer spending increased modestly in November as household income failed to rise for the first time in nine months, suggesting the economy slowed in the fourth quarter after growing briskly…

Argentina’s economy shrank in the third quarter, remaining in recession as inflation ate into consumer purchasing power and weak activity in top trading partner Brazil hurt manufacturing,…

Mexico’s annual inflation accelerated faster than expected in early December and reached its highest level in two years, stoked higher partly by a weak peso that has pushed policymakers to raise…

The EU and China have entered uncharted diplomatic waters in the aftermath of the Brexit vote and the US presidential election. They must embrace free and fair trade.

China is the world’s…

Vietnam had a trade surplus of $2.59 billion from the beginning of 2016 until December 15, according to the General Department of Customs, Vietnamnews reported. However, in the first half of this…

Italy’s government approved a state bailout for Monte dei Paschi di Siena on Friday, after the world’s oldest bank failed to secure backing from private investors.

Prime Minister Paolo…

Deutsche Bank will be hoping for a fresh start in 2017 after reaching a $7.2 billion deal with US authorities to settle allegations of the mis-selling of mortgage-backed securities.

The Asian Development Bank said on Thursday it had approved a $500 million loan to help Azerbaijan tackle economic and social problems, mitigating the adverse impact of a decline in oil prices,…

French consumer spending rose faster than expected in November as car sales jumped and households continued to raise spending on energy, statistics showed Friday, MarketWatch reported. Consumer…

A World Trade Organization dispute panel ruled against Indonesia across the board on Thursday in twin cases brought by New Zealand the United States against its import restrictions on food and…

Japan’s cabinet approving a record $830 billion spending budget for fiscal 2017 has underscored the nation’s struggle to curb spending and rein in its massive public debt in the face of a…

The US Justice Department sued Barclays Plc for fraud over its sale of mortgage bonds after the bank balked at paying the amount the government sought in settlement negotiations.

Saudi Arabia has said expenses next year will again exceed revenues by far as the nation tries to lessen its dependence on oil exports. The government said cost-cutting measures would continue…

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.

Consumer confidence in Brazil dropped in December for a second month and hit its lowest since June, a private survey showed on Friday, as hopes of a quicker exit from recession under President…

The European Union banking sector has complied with new liquidity rules ahead of a 2018 deadline and no extra time is needed to plug a €11 billion shortfall at a few banks, the bloc’s watchdog…