World Economy

The Asian Development Bank on Tuesday trimmed its 2016 growth estimate for India to 7% from the previous 7.4% on account of demonetization, weak investment and agricultural slowdown. But India’s…

UniCredit SpA, Italy’s biggest bank, plans to raise €13 billion ($13.8 billion) in a rights offer, sell off bad loans and slash costs in its deepest overhaul to boost capital levels and…

China complained to the World Trade Organization to force the US and European Union to stop using example prices from other nations in anti-dumping probes on its goods.

Low-income households and small businesses in South Korea look particularly vulnerable to stronger headwinds faced by the country’s sluggish economy.

According to the Central Bank of Malta, the economy will grow by 4.3% in the year 2016. This current forecast is just one percentage point greater than what the Central Bank had forecasted this…

Global bond yields lurched higher Monday as a massive rise in oil prices and ongoing gains in equities boosted inflation expectations and highlighted the policy divergence between Europe and the…

Fitch Ratings, one of the world’s leading rating agencies, has forecast that Taiwan’s gross domestic product will grow at a pace of 1.5% to 2% over the next two years, CNA reported. In a statement…

S&P Global Ratings forecasts that Ukraine’s economy may grow by 1% by the end of the current year amid 14% inflation and the average annual forex rate set at UAH 25.6 per US dollar, UNIAN…

Official inflation figures released by the Central Bank of Egypt showed a steep rise in price pressures during November. The rate of consumer price inflation accelerated to 19.4% on an annual…

Mario Draghi had an even more delicate task than usual this month in explaining the European Central Bank’s decision to scale back and prolong its asset purchase program.

China is embracing Southeast Asia with a renewed trade and investment push, a trend that’s set to accelerate as the region grapples with the prospect of a more protectionist US under Donald …

The 100-bolivar bank note will be removed from circulation in Venezuela on Wednesday. The Venezuelan government promised six much larger notes in coming days.

Stuck in an economic crisis…

Ahmed, a Qatari civil servant, used to arrive at his office at a government ministry in Doha late in the morning and leave for home after lunch, collecting a monthly salary of 40,000 riyals ($11,…

Turkey’s economy unexpectedly contracted in the third quarter, led by a slump in consumption, in the most significant sign yet that July’s failed coup and the political instability it provoked are…

The dollar rose to its highest since February against the yen on Monday as US bond yields climbed on the back of expectations of broadly higher inflation, driven by a 5% rise in global oil prices…

The UK economy will grow at 1.1% in 2017, according to the latest forecast published by the British Chambers of Commerce on Monday. While this forecast is marginally higher than the 1% growth it…

The current account deficit widened in the third quarter of the year as exports of South Africa’s mining and factory products fell due to weaker international demand and a stronger rand.

Norwegian exporters are gambling that the krone will remain weak. According to Nordea Bank AB, exporters in the Nordic nation are hedging their foreign currency risk to a much smaller degree now…

German exports rebounded by less than expected in October, dampening hopes that trade will make a significant contribution to a predicted expansion in Europe’s biggest economy in the final quarter…

After a “spiritual retreat” to an Argentine oceanfront resort with his 22-member cabinet last week, Mauricio Macri admitted that he had generated unrealistic expectations of “magical” change when…

Cutting public spending has become inevitable because of the sharp drop in oil prices, Kuwait’s emir on Sunday told a new parliament that was elected partly by voters protesting against austerity…

Brazil’s inflation rate eased much more than expected in November, putting a long-missed official target within reach this year and clearing the path for a more aggressive cycle of interest rate…

Japan’s spending on government policy initiatives for the next fiscal year is likely to expand to a record high of around 74 trillion yen ($646.76 billion) with social security and defense…

There is little room for doubt that the US Federal Reserve will raise the benchmark interest rate in the coming week for only the second time in a decade, AFP reported. With unemployment at a nine…

The global airline industry is expected to make a net profit in 2017 of $29.8 billion, representing a 4.1% net profit margin and total revenues of $736 billion, said the International Air…