World Economy

Outstanding loans by Chinese financial institutions to small and micro businesses stood at 19.92 trillion yuan ($2.97 trillion) by the end of September, up 15.9% year on year, according to the…

The Nordic region’s only euro member is still struggling with austerity. After being stripped of its top AAA credit grade at all three major ratings companies, the government is asking Finns to…

The growing political backlash against trade in the advanced economies has raised a crucial question: does globalization need to be rolled back in order to preserve an open world economy? If…

S&P raised its outlook on France’s “AA” long-term sovereign credit rating to “stable” from “negative”, citing labor and tax reforms introduced in the last two years, in a boost to President…

Nigeria’s overnight interbank rate fell after the central bank repaid matured treasury bills and cash meant for government’s capital projects reached the system, traders said.

AT&T Inc has reached an agreement in principle to buy Time Warner Inc for about $85 billion, sources said, paving the way for what would be the biggest deal in the world this year, giving the…

Canada’s trade minister said on Saturday it was up to the European Union to save a free trade deal, CETA, that is being blocked by opposition from Belgium’s French-speaking region before it is due…

The UK economy appears to be weathering Brexit better than many expected, but it’s still heading for its weakest performance in a year. After a 0.7% expansion in the second quarter, economists in…

Fitch Ratings has upgraded Cyprus’ long-term foreign and local currency Issue Default Ratings by one notch to BB- from B+, the agency announced on Friday.

The Pakistan People’s Party launched an attack on the government’s economic track record, saying the country is in the midst of an ‘economic crunch’, APP reported.

The Ibovespa headed for its third consecutive weekly gain as raw-materials producers rallied, Bloomberg reported. A gauge of commodities producers was the best-performing sector on the MSCI Brazil…

Turkey’s economy has overcome cyclical challenges emanating from regional and in-house political developments, the Turkish economy minister has said, vowing to implement the world’s most assertive…

The International Monetary Fund has urged Persian Gulf Arab statess (Saudi Arabia, Kuwait, the UAE, Qatar, Bahrain, and Oman) to make greater progress toward more diversified, dynamic, private-…

Financial technology, or fintech, has reached a tipping point. A growing number of financial institutions are becoming more aware of the many benefits of technology, from convenient services to…

Until a few years ago, Reda Mahmoud, an employee at a Cairo private bank, used to take his wife and their two children out for dinner. But now, even with the added salary of his wife, a civil…

With private investment playing catch-up, Finance Minister Arun Jaitley Saturday asked the private sector to loosen its purse strings to make the most of the demand uptick following a good monsoon…

Sterling slipped to a four-day low under $1.22, hurt by expectations that Britain’s economy is likely to suffer from a hard-line stance by the European Union in negotiations on the country’s exit…

It is not easy to keep an orderly house in an unsettled neighborhood. That’s the major hurdle facing Asian economies, as the advanced world deals with unusual economic, financial, institutional…

Italy Prime Minister Matteo Renzi has urged Germany to do its homework and start reducing what he calls its excessive trade surplus. He suggested it was at least partly behind the problems the…

During most of the past two decades Washington has aggressively launched military and economic wars against at least nine countries, either directly or through its military aid to regional allies…

The World Bank is raising its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel as members of the Organization of the Petroleum Exporting Countries prepare to limit…

Saudi Arabia has sold billions worth of sovereign debt in its first global bond sale—the largest ever conducted by an emerging economy. The sale comes as Saudi Arabia’s budget is squeezed by low…

The terms of Britain’s future membership of the World Trade Organization will depend a lot on how it separates from the European Union, the director-general of the WTO said on Friday.

In…

Bank Indonesia sees Indonesia’s economic growth in the third quarter as unlikely to be as strong as previously expected and only reach 5% year-on-year, Bernama reported. With these developments,…

Thailand’s economy is recovering gradually but is stronger than that of many countries, the central bank governor said on Friday, amid concerns that a year of mourning for revered King Bhumibol…