World Economy

Federal Reserve Vice Chairman Stanley Fischer said the central bank could exceed its goals for inflation and employment as it probes the limits of resource use in the economy.

China has set up a €10 billion ($11.15 billion) investment fund to finance projects in Central and Eastern Europe, Industrial and Commercial Bank of China said in a statement issued on Sunday.

British Prime Minister Theresa May will lead a major business delegation to India this week, using her first trip outside Europe since the Brexit vote to push for more trade with the world’s…

India’s economy is expected to fare better in the second half of the current fiscal backed by uptick in sales and improved capacity utilization, though fresh investments and new jobs creation may…

Central banks across the developed world are facing a tough stretch: Months of political events—chief among them Tuesday’s US election—that will put their loose policies and their independence in…

Greece needs just six weeks to create a global economic plan, new Finance Minister Yanis Varoufakis said, as he tours Europe looking for backing to renegotiate the country’s debt repayment,…

The Central Bank of Sudan is offering Sudanese living abroad incentives to attract their foreign currency into the Sudanese banking system to alleviate the country’s foreign currency crunch,…

Kuwait will issue billions of dollars worth of bonds in international markets to finance a budget deficit resulting from low oil prices, a report said Saturday, Alaraby reported. It comes as anger…

South Korea’s stock market surged this year despite corporate snafus and recent soap opera-like political turmoil, Forbes reported. South Hyundai Motor’s third-quarter profits fell to a seven-year…

German Economy Minister Sigmar Gabriel on Saturday urged a resumption of long-stalled efforts to negotiate a global free accord, warning that the proliferation of bilateral trade deals could lead…

The US trade deficit fell in September to the lowest level in 19 months as demand for US-made airplanes and other exports increased while imports slipped. The politically sensitive deficit with…

The political clouds that darkened Spain and its markets for more than 300 days as the country languished without a government have finally parted, as Mariano Rajoy was voted in by parliament on…

US equities closed lower on Friday after the release of key employment data while investors braced themselves for the election next week.

Russia’s economy may see a positive trend by the end of 2016, Prime Minister Dmitry Medvedev said in an interview with the Chinese Central Television, Tass reported. “We expect the phase of…

Turkey’s economy is expected to grow 2.9% this year, the International Monetary Fund said.

The preliminary findings in a staff report were made after the fund visited Turkey at the end of…

Egypt’s prime minister tried to reassure an anxious public on Friday as Egyptians expressed alarm and anger over prices that swiftly soared a day after the nation’s currency was floated, sending…

Plenty of uncertainty about the national economy lingers among professional accountants in leadership positions, according to a new survey conducted for Chartered Professional Accountants of…

There are no signs to suggest Italy’s sluggish economy will accelerate in the final months of this year, national statistics bureau ISTAT said.

Gross domestic product in the eurozone’s…

Canada posted a record trade deficit of C$4.1 billion ($3.1 billion) in September but the figure was boosted by the one-off import of machinery for an oil project, Statistics Canada said on Friday…

Asian stocks headed for the first back-to-back weekly drop in two months amid a global selloff as investors grew increasingly anxious before next week’s US presidential election and Tokyo shares…

A flurry of data from China in the coming weeks is expected to reinforce views that the world’s second-largest economy is stabilizing, despite stubbornly weak exports and worries that a property…

Middle Eastern carriers saw air freight demand growth slow for the third consecutive month to 1.2% year-on-year in September, marking the slowest pace since July 2009, said a new report from the…

The Reserve Bank of Australia said on Friday it sees “reasonable prospects” of achieving sustainable economic growth as solid demand from China boosts commodity prices and revives the terms of…

Commerzbank reported a net loss of €288 million ($320 million) in the third quarter on Friday, which managed to beat analyst estimates but was lower than the €235 million profit seen in the same…

Romania will register an increase of 4.8% in its economic growth in 2016, the highest level of Europe, according to the newest forecast published on Thursday by the European Bank for…