World Economy

China’s Commerce Ministry said it will put a temporary ban on imports of North Korean coal as part of a UN Security Council resolution meant to deter Pyongyang from pursuing its nuclear weapons…

After eight years of unrelenting scrutiny and billions of dollars in legal settlements, the banking industry suddenly is facing a more hospitable political climate in Washington next year.

Crowdfunding platforms that offer home loans should be regulated like mortgage lenders to improve safety and transparency for customers, Britain’s Financial Conduct Authority said.

Spain wants to raise €500 million ($528 million) from new environmental taxes as part of a package of fiscal measures to meet the European Union’s budget deficit goals, AP reported. The new…

China’s battle for recognition as a market economy that would help it avoid penalties from key trade partners has been thwarted, as a key clause in Beijing’s deal to join the WTO expires Sunday.…

The global economy is set to see a significant shift in 2017 as it moves from ever easier monetary policy to fiscal stimulus and as the oil price recovery becomes entrenched. This could lead to an…

South Korea’s chief economic policymaker said Sunday that the impeachment of the country’s president will have a limited impact on the economy, as well as the financial markets, vowing to…

Australian Finance Minister Mathias Cormann says the Turnbull government will get the budget back to surplus as soon as possible but won’t lock itself into an artificial deadline.

Director-General Roberto Azevedo’s annual overview of developments in the international trading system highlights the “persistent” global economic challenges in 2016 that continue to weigh on…

Unemployment levels in Saudi Arabia rose to 12.1% in the third quarter of 2016, a four-year high, although employment growth remained positive, according to new data from Jadwa Investment.

Union Textiles Minister Smriti Irani today said the country needed “fiscal discipline” to build a strong economy, and citizens’ cooperation would go a long way in this regard, PTI reported.

Cyprus economy marked growth for the sixth consecutive quarter, with the GDP growth rate in real terms during the third quarter of 2016 to reach 2.9% over the corresponding quarter of 2015,…

Czech Prime Minister Bohuslav Sobotka said in an interview published on Saturday his party should seek a “tax revolution” focusing mainly on progressive taxation for both individuals and companies…

Since the start of the three-year Extended Arrangement in June 2016, Sri Lanka’s economy, supported by appropriate monetary and fiscal policies, has begun to stabilize, the International Monetary…

More consumers than ever before are bullish on the US economy after president-elect Donald Trump’s surprise win, according to the University of Michigan.

The International Monetary Fund has said that it did not ask the Egyptian state to impose new import tariffs as a prerequisite for its $12 billion loan, after a presidential decree increased…

President-elect Donald Trump shut down some of his companies in the days after the election, including four that appeared connected to a possible Saudi Arabia business venture, according to…

Argentine Foreign Minister Susana Malcorra said that the growth of the Brazilian economy is of “absolute and total importance” for the future of Argentina’s economy.

A major international financial rating agency lowered the outlook for Mexico’s debt amid uncertainty over the country’s future economic relationship with the US under president-elect Donald Trump…

When it comes to interest rate decisions under Reserve Bank of India’s new governor, Urjit Patel, the only certainty seems to be that nothing is certain. 

Both of Patel’s policy…

Chinese producer prices rose at their fastest pace for five years in November, Beijing said late Friday, fuelling hopes that the world’s factory can export inflation into a lackluster global…

Crisis? What crisis? The European market reaction to Italy’s landslide rejection of proposed constitutional reforms last week was remarkably sanguine, given that, from an investment viewpoint, the…

In Britain, credit card debt is running at record levels, as the UK puts post-Brexit worries on hold and gears up for bumper holiday season spending.

Growth in combined household debt, a…

Gold’s getting hit from all directions. Bullion’s heading for the worst run of weekly losses in more than a year as the Federal Reserve gears up to hike rates, US equities at record levels lure…

A group of business executives has urged the Group of 20 leading economies to resist the temptation to take protectionist measures and to foster international economic cooperation.