World Economy

As the yuan plumbs new lows against the US dollar, China’s currency is still strengthening against peers.

That’s posing a dilemma for the nation’s policy makers as they seek to arrest a…

British consumer confidence has risen markedly over the past three months, consultancy Deloitte has reported in its fresh quarterly study. But shoppers in London have a completely different view…

Thousands of people demonstrated in France, Spain and Poland against a EU-Canada free trade deal and a far more ambitious agreement with the United States.

Activists charge that the Canada…

Saudi Arabia has work to do to ease pressure in the kingdom’s banking system, NDTV reported. The interest rate banks charge one another for loans rose by the most since August on Sunday, extending…

The approval of Italy’s biggest banking merger in almost a decade marks a first step in a process of consolidation urged by regulators, investors and Prime Minister Matteo Renzi. But plenty of…

The leaders of five of the world’s rising powers ended a two-day summit Sunday with a pledge to speed global economic recovery as well as fight terrorism and extremism, forces that they said pose…

India with a GDP of around $2 trillion loses as much as $100 billion every year on account of corrosion, which can be checked by using zinc to galvanize steel structures.

“India loses…

Asia can withstand higher US interest rates and risks of capital outflows and weaker currencies against the US dollar are exaggerated, according to the Asian Development Bank.

"Asia is in a…

Dubai’s economic slowdown following the prolonged decline in oil prices, is exerting pressure on retail banking business in the country and the growth rates this year and next are expected to…

The Ghana government has successfully issued a US dollar denominated bond on the domestic bond market, GhanaWeb reported. The 2-year bond issued last Thursday was highly subscribed to an amount of…

Brazilian President Michel Temer said the government has no plans to increase fuel taxes, a day after state-run oil company Petrobras announced a drop in fuel prices, CNBC reported. Friday’s price…

Italian Prime Minister Matteo Renzi’s cabinet passed a budget law that includes a corporate tax cut and measures to boost investments in an effort to revive political support and economic…

Albert Edwards, Societe Generale’s notoriously bearish strategist has a rare bit of positive news for the citizens of Britain, and it is about the pound.

European countries must not rely only on policies of the central bank to foster growth, but also must do their part, French President Francois Hollande said late Saturday, Bloomberg reported. “The…

Greece and its creditors start a fresh round of talks this week on reforming its labor market, a tricky task for a leftist government sliding in opinion polls but needed if the recession-hit state…

APEC as a group “can help instill global growth amid concerns of lower trade volumes and weakening productivity,” said Peru’s Minister of Economy and Finance Alfredo Thorne, as he inaugurated the…

Singapore’s export-driven economy shrank the most in four years in the third quarter, officials said, as manufacturing sharply contracted on weaker global demand.

Portugal will introduce a tax on real estate fortunes above €600,000 ($661,000) in 2017 to help pay for pensions, the government has said.

The tax, fiercely opposed by the real estate…

Central banks around the world are upping their inflation forecasts, amid a surge in oil prices, but some analysts highlight a mixed picture when it comes to Europe with doubts over underlying…

Following the second review by the International Monetary Fund in September, foreign reserves held by Ukraine have increased, NewEurope reported. Reserves have increased by 22% in the past 12…

Oman’s government is focusing on non-oil sector as part of its economic diversification program, which is evident from the Ninth Five-Year Plan, Albawaba reported. A less oil-dependent Oman is…

China’s venture capital market remained sluggish in Q3 of this year, with total deal value dropping 32% quarter-on-quarter, according to a new report released by CB Insights and KPMG International…

Korea Investment Corp., South Korea’s sovereign wealth fund, suffered a paper loss of nearly one trillion won ($883 million) in its overseas stock investments in the first eight months of this…

The Bank of Italy said national GDP may post slight gains in the third quarter this year on a “moderate” economic recovery.

The BRICS nations—Brazil, Russia, India, China and South Africa—are hoping to boost trade and economic development as they meet for a summit on cyber security, counterterrorism and energy security…