World Economy

Goldman Sachs is preparing to move almost 2,000 highly paid staff out of London if the government opts for a “hard” break from the EU, Yahoo Finance reported. The Wall Street giant will switch…

Spain’s economy may grow above 3.1% in 2016, up from the current official target of 2.9%, despite the current political deadlock, acting Economy Minister Luis de Guindos told reporters in…

US think tank Heritage Foundation ranked Hong Kong as the world’s freest economy for the 22nd consecutive year, ECNS reported. The index is published annually by the Wall Street Journal while…

Mexican Finance Minister Jose Antonio Meade warned in an interview Saturday that adopting protectionist measures would hurt both the US and Mexican economies, MarketWatch reported.

The eurozone economy is proving surprisingly resilient to a series of recent shocks and growth remains on a steady path in line with projections, European Central Bank Vice President Vitor…

Bank of Japan Governor Haruhiko Kuroda has said the central bank “will not hesitate” on monetary easing if necessary, but noted that the Japanese economy’s moderate recovery means such action is…

The latest Economic Freedom of the World report issued by the Frazer Institute of Canada provides mixed results for the (Persian) Gulf Cooperation Council countries.

Bulgaria received high marks from the World Bank and International Monetary Fund for its fiscal policy and accelerated economic growth in the past year and a half, the finance ministry said,…

Colombia’s Finance Minister Mauricio Cardenas says winning congressional approval for a tax reform plan by year-end aimed at making up for revenue lost because of lower oil prices was his “number…

China has vowed to cut red tape and ease rules for overseas investors in a bid to boost the economy and counter a decline in private investment.

Will Bank of Korea Governor Lee Ju-yeol reject mounting calls from the government for a rate cut at the monetary policy committee meeting scheduled Thursday?

This is a question that has…

The International Monetary Fund will not join the Greek bailout program but will likely accept a special advisory status with limited powers that keeps it at the table, two senior sources with…

India’s foreign exchange reserves increased $1.22 billion to hit a new historic high of $371.99 billion as of September 30, aided by a rise in foreign currency assets, according to data published…

A group of major business lobby groups has written an open letter urging the government to preserve barrier free trade with Europe. The letter is signed by leaders of the Confederation of British…

Singapore has maintained its current $4 billion loan commitment to the IMF until end 2020, as part of the $340 billion committed by 25 IMF member countries to safeguard global economic and…

Media reports have suggested Qatari investors are considering raising their stake in Germany’s Deutsche Bank, should the need arise. The lender is under mounting pressure as hefty fines loom and…

Ever since the financial crisis, the US economy has grown at a stubbornly slow rate, far less than the 3% that was widely considered a sign of good health.

Taiwan’s service sector flashed another “yellow-blue” light in August, signaling sluggish growth, but it moved a step closer to pulling out of a long slump, according to a survey by the Commerce…

Finance ministers from the world’s top economies debated global economic risks and the potential impact that ultra-loose monetary policies have on banks’ profits, a senior Japanese finance…

If there’s a golden rule for central bankers in the 21st century, this is it: Seek clarity and avoid uncertainty. A central bank’s target should be clear. The data it uses should be known.…

China is resolving hidden risks in the economy while making sure it operates within reasonable range, according to the nation’s top financial leaders.

The global economy shows few signs of improving even as the US continues “to muddle through,” Goldman Sachs Group Inc President Gary Cohn said.

The International Monetary Fund has forecast that Indonesia’s economy is set to grow by 5.3% in 2017—a relatively significant jump from the 4.9% economic growth rate forecasted for the fourth…

The capital region’s jobless rate dropped to 6.4% in September compared to 6.5% in August, Statistics Canada said, APP reported. The improvement came despite a net decline of 2,100 jobs. That’s…

China’s foreign exchange reserves fell for a third straight month in September and by slightly more than markets had expected, suggesting fresh capital outflows from the world’s second-largest…