World Economy

Strengthening trade links and attracting foreign direct investment will contribute to Asia and the Pacific’s growth, and help improve resilience to emerging protectionism, according to the Asian…

After half a decade of negative interest rates, Denmark’s economy is headed for an economic “boom” and risks running out of the labor resources needed to support sustainable growth, the central…

For Mario Draghi, the timing of Italian referendum and its outcome could not have come at a worse time, just days ahead of the all-important December meeting of the European Central Bank at which…

German factory orders were up a far stronger-than-expected 4.9% in October compared with the previous month, led higher by orders for cars and vehicle parts, AP reported. The figure released by…

The Canadian dollar weakened against its US counterpart on Tuesday as oil fell and domestic trade data showed a disappointing drop in export volumes.

The Turkish government’s attempt to launch state tenders in the lira currency and President Erdogan’s call for Turks to sell foreign exchange will not be enough to shore up the tumbling currency,…

Economists fear the Australian economy went backwards during the September quarter, which if correct will be a jolt for Malcolm Turnbull's government after going to this year's polls on a mantra…

Moody’s Investors Service said Denmark’s diversified and open economy with evenly distributed wealth levels, underpin its ‘AAA’ rating with stable outlook, RTT reported. 

The agency…

Digital economy plays a strategic role as a critical enabler to deepen regional integration of Southeast Asian Nations, says the US-ASEAN Business Council, Bernama reported. “It will also drive…

Hungary’s industrial output dropped for a second month in October, reinforcing doubts about the government’s growth target after retail sales also failed to meet expectations and underscoring the…

The All Progressives Congress has said Nigeria’s President Muhammadu Buhari plans to spend the $29.9 billion, he wants to borrow, on reviving the comatose economy and paying contractors, some of…

Inside Mongolia’s largest open-air market in the capital city of Ulaanbaatar, it doesn’t feel like the economy is on the brink of collapse. Alleyways are packed with people selling carpets, fabric…

The Japanese government intends not to recognize China as a “market economy” under the World Trade Organization without changes to the country’s policies, a stance that will leave tariffs as a…

ABN Amro NV agreed to sell its private-banking assets in Asia and the Middle East to Liechtenstein-based LGT to focus on its European operations, Bloomberg reported. The unit manages about $20…

Slovak economic growth slowed in the third quarter as a decline in European Union-funded projects reduced investment, offsetting stronger foreign demand and household spending, data showed on…

The OECD has observed that “eight years after the financial crisis, the global recovery remains disappointingly weak” with the world economy caught in a “low-growth trap”.

World growth was…

The Eurozone economy grew in line with expectations in the third quarter, but the annual pace was revised to indicate a slightly bigger gain than expected, data released on Tuesday by the European…

The Russian economy is an integral part of the global economic system and should not develop in isolation from it, President Vladimir Putin has said. 

Trump outlines business tax policy in a series of six tweets sent over a span of 45 minutes. President-elect Donald Trump is planning to tax companies who leave the US as a form of “retribution…

Fitch Ratings’ outlook for the Chinese banking sector in 2017 is negative, saying that weak profitability and strong credit growth will keep capitalization under pressure. High and rising leverage…

Chile’s economy contracted for the first time in seven years in annual terms, as manufacturing and mining activity fell, potentially paving the way for the central bank to cut interest rates to…

Most stock markets in the Persian Gulf Arab countries (Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman) fell on Monday as the mood on global exchange darkened because of…

Two years after the Swiss franc shock brought Switzerland to the brink of recession, Roland Goethe is still fighting for the future of the sheet metal company his grandfather set up 86 years ago…

The ESRI’s latest Economic Outlook for Ireland has forecast that the economy should grow by 3% every year until 2025, RTE reported. The think-tank said a crucial factor underpinning this growth is…

Russia’s services sector activity improved in November as the pace of job-shedding slowed, a Markit survey of purchasing managers showed Monday, Dow Jones reported. The headline Purchasing…