World Economy

The euro has took a pause on Friday, following sharp losses in the Thursday session. EUR/USD dropped 1.3% after the ECB announced that it was reducing its asset-purchase program.

Britons expect a sharp rise in inflation over the coming year following the plummet in the value of sterling after Britain’s vote to leave the European Union, and more now believe a hike in…

The Turkish government has revealed extraordinary measures to revive the Turkish economy, which has been hit by massive losses in the Turkish lira, vowing to make 2017 a “saving year” for the…

South Africa’s current account deficit widened to 4.1% of gross domestic product in the third quarter of 2016 from a revised deficit of 2.9% in the second quarter, the central bank said on Friday…

The French economy will grow 1.3% this and next year before picking up speed afterwards, the Bank of France said on Friday in its biannual economic outlook, trimming slightly its forecasts,…

Germany’s central bank has increased its growth forecast this year and next for the country’s economy, Europe’s biggest, AP reported. The Bundesbank said Friday that it expects gross domestic…

Zimbabwe Finance Minister Patrick Chinamasa has presented the country’s 2017 budget to  parliament, Yahoo reported. The budget stands at about $4.1 billion. But he warned that measures should…

SoftBank Group Corp. has decided to place the headquarters of its $100 billion technology private equity group in the hedge fund heartland of London, and has begun hiring investment advisers,…

World stocks held near 16-month highs on Friday, set for a strong weekly gain, while the euro fell further after the European Central Bank’s decision to extend its stimulus program.

The European Central Bank has reportedly rejected requests from struggling bank Monte dei Paschi, putting further pressure upon the Italian government to intervene.

China will forge ahead with supply-side reforms next year to deal with overcapacity and structural problems, while also moving to boost demand, a report said Friday.

Top leaders are due to…

Irish gross domestic product growth sped up in the three months to the end of September, expanding by 4% quarter-on-quarter to stand 6.9% higher than it was a year ago, data showed on Friday.

Filipino households continued to show strong optimism for the fourth quarter of 2016 on a generally positive perception of the overall condition of the economy, household finances and household…

The European Commission has fined HSBC, JPMorgan and Credit Agricole a total of €485 million ($520 million) for their role as part of a cartel that conspired to rig interest rate derivatives.

India’s central bank Governor Urjit Patel left interest rates unchanged at 6.25% Wednesday, its first monetary policy decision since the government’s shock move to withdraw high-denomination…

Microsoft has won European Union’s approval for its $26 billion bid for acquisition of LinkedIn, the professional social network after the software giant agreed to safeguards to assuage antitrust…

Russian shares are forecast to rise around 13% from now until the end of next year as the economy returns to growth and higher oil prices draw in investors, a Reuters poll showed. An easing of…

Japanese mogul Masayoshi Son has appeared with president-elect Donald Trump to announce a $50 billion investment in the US. The money is projected to come from Softbank’s previously announced…

Britain’s manufacturing output unexpectedly slumped in October as a sharp drop in pharmaceutical production dragged on the industry.

In a blow to hopes that UK economic growth would hold up…

Oman, the largest Arab oil producer and a non-OPEC member, plans to sell between $1.5 billion to $2 billion of bonds internationally in 2017 to plug a deficit caused by low crude prices.

Brazil’s annual inflation rate probably eased in November to the lowest level since late 2014, leaving the country’s central bank comfortable to soon accelerate the pace of interest rate cuts, a…

South Africa’s economy barely grew in the third quarter of the year, which means measures should be fast tracked to accelerate growth to take advantage of the reprieve that the country received…

Bank of Japan Deputy Governor Kikuo Iwata said the central bank hasn’t shifted its focus away from expanding the monetary base as it seeks to reach its inflation target.

Iwata stressed that…

According to data provided by Markit Economics, the final Markit France Manufacturing PMI was 51.7 in November 2016 compared to 51.8 in October. That was more than the initial estimate of 51.5,…

In November, Beijing depleted its foreign exchange reserves more than expected, as authorities struggled to stem massive outflows of capital in view of a depreciating yuan against a strongly…