World Economy

Mexico’s central bank is likely to raise its key interest rate by at least 75 basis points Wednesday if US Republican candidate Donald Trump wins the US election to become the country’s next…

The number of SME exporters that expect to continue growing their overseas sales has fallen following the EU referendum, according to the latest Business in Britain report from Lloyds Bank.

India’s sudden withdrawal of 500 and 1,000 rupee notes from circulation, in a bid to flush out money hidden from the tax man, caused chaos on Wednesday as gas stations and other retailers refused…

Emirates airline has reported a 75% drop in net profit in the first half of the 2016-17 financial year–attributed to economic uncertainty and subdued travel demand, Arabian Business reported. The…

A measure of Australia’s consumer sentiment slipped in November after three straight months of gains ahead of the US election and as households became less confident of the property market and…

Manufacturing conditions across Southeast Asia took a dive in October, with the Nikkei ASEAN Manufacturing Purchasing Managers’ Index hitting an 11-month low of 49.2, down from 50.5 the previous…

Business confidence in South Africa recovered in October after slumping to its lowest in three decades in the previous month, boosted by a jump in export volumes and a firmer currency, a survey…

The International Monetary Fund recommended Tuesday that Jordan eliminate the general sales tax zero rate and maintain exemptions for only a limited set of goods.

Taiwan’s consumer price inflation accelerated in October, driven by higher fruit and vegetable prices due to bad weather, official data showed on Tuesday, Xinhua reported. The consumer price index…

The new partnership on smart cities forged between India and the UK could open up business worth £2 billion ($2.48 billion) for British businesses and help secure financing for such projects.

Japanese Prime Minister Shinzo Abe said on Tuesday the government must strive to support the economy in compiling the next fiscal year’s budget, even as it pursues fiscal reform.

He also…

The Philippine economy is “strong enough” to weather the impact of new taxes, which are necessary to fund a long-delayed infrastructure overhaul, Finance Secretary Carlos Dominguez said Tuesday.…

The World Bank has welcomed economic and social reforms in Egypt, which it said would help to create jobs and revitalize the country’s economy.

Egypt this month liberalized its exchange…

The Spanish government will change its official economic projections and hike forecasts for growth in 2017, Economy Minister Luis de Guindos confirmed at a news conference on Tuesday, Reuters…

Russian Economy Minister Alexei Ulyukaev said Tuesday that inflation was likely to be below the government’s target at 5.5% in 2016, according to Interfax news agency. “This is a record year for…

France’s trade deficit widened in September as declines in exports were sharper than the fall in imports, the French customs office said Tuesday, Dow Jones reported. The eurozone’s second-largest…

Saudi Arabia will clear all delayed payments to private businesses by the end of the year as it concludes a review of government projects that has saved the kingdom “tens of billions of riyals.”…

Trade deals between the UK and European Union post-Brexit are likely to be “tough”, the head of the World Trade Organization told CNBC.

Speaking at the Web Summit technology conference in…

The world’s biggest steelmaker posted its highest quarterly profit since 2014 as prices of the metal rebounded, but warned that a dramatic surge in coal prices would crimp earnings for the last…

German factory production and exports fell in September, according to official figures released Tuesday, which analysts said points to flat third quarter GDP growth for Europe’s largest economy.…

China’s remarkable growth in GDP has provided a large boost to global growth over the years. As the global economy and trade recovered from the global financial crisis in 2009 and 2010, China was…

Britain’s financial watchdog on Tuesday said Royal Bank of Scotland was guilty of “systematic” mistreatment of distressed small businesses that came to it for help, but cleared the bank of the…

James Riady, CEO of Lippo Group, said Tuesday that in today’s fast-changing world, Asian companies need to make decisions more quickly to gain an edge at home and abroad, Nikkei reported.

Global economic growth kicked higher at the start of the fourth quarter, according to PMI survey data, though inflationary pressures also intensified.

Official figures show retail sales across the 19-country eurozone edged down by 0.2% in September from the previous month, led by a decline in Germany, where economic indicators have otherwise…