World Economy

Merger and acquisition activity among the Persian Gulf Arab banks is unlikely to increase despite a tougher operating environment across the region, according to Fitch Ratings, Arabian Business…

Prospects for growth in global trade in 2016 and 2017 have been downgraded again. The World Trade Organization now expects that trade this year will increase at its slowest pace since the post-…

The Brazilian government awarded licenses for companies to build and operate 6,126 km (3,829 miles) of power transmission lines, finding investors for 21 of 24 lots offered in an auction on Friday…

People in the West perceive that money in Middle Eastern (Arab) oil countries grows on trees. Or, to be precise, it's pumped out of the ground. Case in point: Saudi Arabia.

General Electric said on Thursday it was in discussion with the No. 3 oilfield services provider Baker Hughes on potential partnerships, Fox Business reported. “While nothing is concluded, none of…

The International Monetary Fund will withhold any further funding to Mozambique, which told creditors this week it wants to restructure its commercial loans, while the country is still classified…

Long stuck in a battle against deflation, signs are not good for the world’s third largest economy. There are calls for the Bank of Japan to push back their inflation target, DW reported. Economic…

Turkey’s banking system may face “serious problems” with profitability if loan demand continues to weaken, Huseyin Aydin, the chief executive of state-run Ziraat Bank and the head of the Banks…

The US economy grew at its fastest pace in two years in the third quarter as a surge in exports and a rebound in inventory investment offset a slowdown in consumer spending.

Sterling fell on Thursday, as risk appetite in global markets waned and investors grew cautious before the first reading of Britain's third-quarter growth data, capturing the impact on the economy…

Germany’s biggest commercial lender has posted an unexpected profit in the third quarter as it struggles to avoid a multi-billion dollar fine in the US and amid nagging doubts about its capital…

The Royal Bank of Scotland has reported a £469 million ($568.94 million) loss for the July-to-September period as “legacy issues” continue to overshadow its performance, BBC reported. The bank…

After enduring a stagnant economy for most of the year, Thailand in recent days has begun to see signs of some hope at the end of a long, dark and gloomy tunnel. Signs of an economic pick-up are…

Spain’s economic growth eased marginally as expected in the third quarter, the statistical office INE said Friday.

Gross domestic product climbed 0.7% in the third quarter from prior three…

German bonds headed for their worst month since 2013 as a global selloff deepened amid speculation major central banks are moving closer to reining in stimulus, Bloomberg reported. Europe’s…

Profit growth in China's industrial firms slowed sharply as some key manufacturing sectors stumbled on weak activity and rising debt, suggesting the world's second-biggest economy remains…

Real GDP in the occupied Palestinian territory in Q2/2016 was 1.7% higher than in Q1/2016, driven by a 4% growth in the West Bank. Real GDP in Gaza contracted by 4.8% during the same period,…

Hanjin Shipping Co. received five initial bids for its Asia-US business as a South Korean court kicked off the process to sell the nation’s largest container line that fell victim to excess…

The French economy grew less than had been expected in the third quarter of the year showing the eurozone’s economic recovery remained modest in the three months through September.

The…

Consumer confidence in Brazil rose for a sixth straight month in October to the highest in almost two years, on growing expectations of an imminent end to a two-year recession despite recent signs…

The International Monetary Fund on Wednesday forecast Uganda’s economy would grow 5% in the 2016/17 (July-June) fiscal year, slightly less than its previous prediction, Reuters reported. It said…

Airbus Group SE’s third-quarter profit tumbled 21% as the jetliner manufacturer spent money addressing production delays to its latest wide-body model, fell behind on single-aisle deliveries and…

Lockheed Martin Corp, the world’s largest defense contractor, reported a quarterly profit on Tuesday that handily beat analysts’ expectations, as sales of its Sikorsky helicopters pushed total…

New Zealand has edged out Singapore to take top spot for ease of doing business in the World Bank’s latest rankings, but money laundering experts warned the honor masked the darker side of the…

Britain’s economy could face a black hole of £84 billion ($102.3 billion) by the time Chancellor Philip Hammond sets out his spending plans in the Autumn Statement next month, a think tank has…