World Economy

As many of the world’s other economic regions fall short of their potential, overall Asia and the Pacific’s forward march seems comparatively undisturbed.

The fund said the region’s economy…

Chancellor Philip Hammond is planning to embark on a major shift in gear on economic policy as the government embraces a more interventionist approach with increased spending on infrastructure…

Deutsche Bank has announced that 1,000 jobs will be cut in Germany, BBC reported. The move adds to the 3,000 job losses announced in June. Almost half of the latest job cuts will hit the company’s…

Malaysia’s trade surplus in August rose to a whopping RM8.51 billion ($2.05 billion) from RM1.91 billion registered in July 2016 due to a record increase in exports to Asean, India, United States…

German industrial production rose more than expected in August, posting its biggest increase since January and signaling that the sector will contribute to growth in the third quarter, CNBC…

Global spending on infrastructure will total $90 trillion in the next 15 years and is the key to greener economic growth after the Paris agreement on climate change won a formal go-ahead, a new…

Brazilian central bank President Ilan Goldfajn says the bank could begin easing his country’s monetary policy under the right conditions.

Long known for its oil and gas, Russia is now moving to retake leadership in the world wheat trade it last held when the Czars ruled. In the process, it is reshaping the market for one of the…

India is set to surpass the US as the world’s biggest coal producer after China by 2020, as state-miner Coal India Ltd. ramps up output to meet demand from domestic power producers, according to…

A third day of losses sent European stocks toward a second weekly decline and an almost two-week low, as investors awaited a US jobs report.

The beleaguered British pound has plummeted briefly to a fresh 31-year low amid intensifying concerns about Britain’s exit from the European Union.

The pound tumbled nearly 6% in early…

World finance officials, still searching for ways to rejuvenate a sluggish global economy, now face the added problem of dealing with a growing anti-trade backlash that threatens to make the…

Norway’s $882-billion sovereign wealth fund, the world’s biggest, returned a profit in the third quarter thanks to strong stock markets, it said on Friday.

The fund earned a return of 4% in…

Saudi Arabian non-oil private sector growth continued in September, although the rate of improvement in business conditions was much reduced compared to previous years, bi-me reported. The main…

Global economic growth will remain subdued this year following a slowdown in the United States and Britain’s vote to leave the European Union, the International Monetary Fund said in its October…

Britain's pound has dipped to a level not seen since June 1985. The currency has experienced a rough ride ever since the UK's vote to leave the European Union, leading to significantly less…

Turkey should focus on making economic reforms and promoting its strengths rather than blaming credit rating agencies for unfair rates, Timothy Ash, a London-based strategist at Nomura…

The US trade deficit expanded in August as growth in imports, including Olympic broadcast rights and crude oil, outpaced the gain in exports, Nasdaq reported. The trade gap increased 3% from a…

India’s private sector economy lost some momentum in September due to softer increase in output and new business generation in both the manufacturing and service sectors, a key macro-economic data…

Statistics Canada says the country’s trade deficit for August declined unexpectedly to $1.9 billion as exports to countries other than the United States picked up, AAP reported. The deficit for…

Near-stagnation in German services put the brakes on overall private sector growth in September, a survey showed on Wednesday, highlighting the risk of a slowdown in Europe’s biggest economy in…

The eurozone economy is losing steam as political uncertainty looms large over the 19-nation region.

The African Development Bank will help Nigeria to overcome its recession but the oil producer should increase taxes and lift hard currency curbs to ease the dollar shortages choking Africa’s…

The British financial industry could lose up to £38 billion ($48.34 billion) in revenue in a so-called ‘hard Brexit’ that would leave it with restricted access to the European Union’s single…

Economy Minister Nobuteru Ishihara said Wednesday that Japan will eventually have to raise the nation’s sales tax to help pay for rising social security costs in an aging society. Speaking at a…