World Economy

China was once a gold mine for foreign firms, but the country’s economic slowdown is making it harder for multinationals to make easy money. Foreign direct investment in the Chinese mainland…

The Reserve Bank of India on Wednesday rolled back a recent curb on cash deposits that had been put in place just 10 days before the end of the government’s demonetization deadline of Dec. 30,…

The World Bank announced an additional $1.5 billion aid package for Iraq, to help the war-torn country implement reforms, improve public services and boost its economy, AFP reported. The package…

The imposition of capital controls a year-and-a-half ago led to the suspension of investments by one in three local firms that had been planning to spend money on their expansion, but the lifting…

Global credit rating agency Fitch Ratings affirmed Indonesia’s long-term foreign- and local-currency issuer default ratings at ‘BBB-’ but revised the outlook from ‘stable’ to ‘positive’.

Spain’s Central Bank says strong job creation and buoyant domestic spending is likely to keep the economy growing by a quarterly rate of 0.7% in the last three months of the year, AP reported. The…

One of Netflix Inc’s Twitter accounts was hacked on Wednesday by an entity calling itself “OurMine”, CNBC reported. Several mocking tweets were sent from the Netflix US Twitter account (znetflix…

Goldman Sachs expects Britain to lose financial passporting rights after Brexit. The investment bank made the call in its latest “Top of Mind” note sent to clients on Monday, saying: “Ultimately,…

While the Australian economy recorded its largest contraction since the global financial crisis last quarter, that’s unlikely to be repeated in the months ahead if the latest Westpac-MI leading…

After a disappointing slowdown this year, Hungarian GDP growth is expected to pick up in 2017 to 4.1% y/y, the updated growth and fiscal forecast of the country’s economy ministry showed on…

Although acknowledging that forecasts for the country’s GDP growth next year continue to decline, Brazil’s Finance Minister Henrique Meirelles says that the government expects Brazil will register…

International Monetary Fund’s chief economist suggested the world economy prepare for shift in US policy and warned of possible rising protectionism following exchange rate fluctuations resulting…

Italian banks need at least €52 billion ($54 billion) to clean up their balance sheets, much more than the rescue package proposed Monday by the government.

The European Central Bank’s aggressive money-printing has failed to boost growth in the eurozone substantially, Latvia’s Ilmars Rimsevics said on Wednesday, the third ECB rate setter to express…

Australia has increased its fiscal deficit forecasts for the next four years compared to May’s predictions, the most recent mid-year economic forecast has shown.

Romania has made significant progress in balancing its macroeconomic figures and in consolidating  public finances, but there’s a risk that the fiscal easing might bring a deterioration of…

The founder of a British peer-to-peer lender believes more platforms will go bust in 2017 as poor risk assessment standards come back to haunt businesses.

Turkey’s central bank kept interest rates on hold on Tuesday, defying predictions it would hike, as the sliding lira currency took a back seat to President Tayyip Erdogan’s push for cheaper credit…

Global markets wavered Tuesday as attacks in Germany and Turkey kept investors’ appetite for risk in check. The yen fell after the Bank of Japan kept its policy unchanged as expected.

Hong Kong’s composite consumer price index in November rose 1.2% from a year earlier as rises in food and tobacco prices outweighed falls in clothing and durable-goods prices, the Census and…

Consumer confidence in the Netherlands remained at a record level of 12 in December, for the third consecutive month, statistics office CBS said on Tuesday, Dutchnews reported. This is the highest…

A number of investors have shown an interest in buying a minority stake in Belarusbank, including from Hungary, Belarussian Prime Minister Andrei Kobyakov told Reuters in an interview. “We are…

Pakistan’s Senate has recommended scrapping of the 5,000 rupee ($48) banknote, despite government opposition and warnings that removal of the country’s highest denomination bill could destabilize…

The European Union decision to roll over economic sanctions against Russia for an additional six months may be the last time the bloc is able to impose such penalties as the West’s united front…

Taiwan’s Ministry of Economic Affairs approved 3,093 foreign direct investment projects (except from China) with a total value of $10.634 billion in January-November 2016, respectively decreasing…