World Economy

Zimbabwean President Robert Mugabe has side-stepped parliament to issue a decree clearing the way for the introduction of “bond notes” that have raised fears of a return to a domestic currency…

Offshore wind power has the potential to grow from just 13 gigawatts in 2015, to 100 GW in 2030, marking a growth of more than 650%, according to new analysis from the International Renewable…

Business optimism has edged higher for the UK’s small and medium-sized manufacturers according to the latest CBI Quarterly SME trends survey.

The survey of 423 firms reported sentiment…

A worldwide slump in government bonds resumed after an unexpected pickup in Chinese manufacturing fueled optimism about the global economy. Futures on the S&P 500 Index advanced and copper…

The Persian Gulf Arab state of Kuwait, under financial stress due to low oil prices, plans to end all forms of public subsidies by 2020, a report says.

A committee set up by the finance…

Carnegie Investment Bank AB, which manages $17.2 billion for clients, sold all of its UK holdings as opinion polls narrowed ahead of the June vote to exit from the European Union, Bloomberg…

At a delicatessen counter in eastern Caracas, Humberto Gonzalez removes slices of salty white cheese from his scale and replaces them with a stack of bolivar notes handed over by his customer. The…

Growth in India’s manufacturing activity touched a 22-month high in October with a stronger rise in new orders as well as output, the widely tracked Nikkei India Manufacturing Purchasing Managers…

A lawmaker has urged the financial regulator to make it easier for stockbrokers to open accounts online for mainland customers and to allow them to conduct asset management business, in a bid to…

The Reserve Bank is more hawkish about the economy and inflation in its latest rates decision, indicating interest rates may have bottomed out, economists say.

The RBA left the cash rate at…

Fresh data seem to suggest the US economy is revving up, with growth rising at its fastest pace in two years. Yet a deeper look at the numbers reveals that strength may be overstated. Worse, that…

The Bank of Japan held off on expanding stimulus on Tuesday despite once again pushing back the timing for hitting its inflation target, signaling that it will keep policy unchanged unless a…

Denmark may not be the first country you would think of when assessing the impact of Brexit, but the Nordic economy is already suffering from the fall of the British pound, analysts say.

The Swiss National Bank may have abandoned its currency cap, but that doesn’t mean it has stopped capping its currency.

Even with crude oil prices holding relatively stable, a former finance minister in Russia said it will be tough for the oil-based economy to hit 2017 targets.

Russian Prime Minister Dmitry…

The central banks of Japan, the UK, and the US will hold policy meetings this week. These three systemically important institutions are inclined to implement new policy measures, albeit different…

South Africa recorded a trade balance surplus of R6.7 billion (494.7 million) for September 2016, the South Africa Revenue Service announced on Monday, Fin24 reported.

Japan’s top three shippers said they will integrate their container shipping operations to create the world’s sixth-largest fleet, joining a growing trend of consolidation in an industry battling…

Egypt’s gross domestic product growth for 2015/16 climbed to 4.3% from 4.2% in the previous year, Egypt’s Prime Minister Sherif Ismail told Reuters on Monday, Kitco reported. The budget deficit…

Global air cargo traffic will grow at an annual rate of 4.2% over the next 20 years, with 930 new and 1,440 converted freighters needed to meet market demand by 2035, according to a new report…

Turkey’s trade deficit widened 14.1% to $4.36 billion in September from $3.82 billion in the same period a year earlier, the Turkish Statistics Institute said on Monday, Reuters reported. Exports…

In 2015, Brazil started to implement a fiscal policy based on austerity, following with some years of delay the path that many European countries, such as Greece, Portugal and Spain had entered…

The International Monetary Fund has insisted that President Robert Mugabe’s government will not receive any fresh capital until it repays all its debts and implement key economic reforms.

Japan’s industrial output stalled in September as private consumption and household spending remained strained and overseas demand continued to wane, government data indicated Monday.

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With more than a trillion euro fuel injection and no interest rates worthy of the name, the eurozone economy is stirring, more data confirmed, leaving policymakers hunting for signs the nascent…