Solid economic growth generated a record budget surplus for Germany in the first half of this year, stoking a debate within government about whether the country should use its spare revenue to cut…
World Economy
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China will further open its economic borders to investors from abroad in a move intended to counter sliding confidence in the outlook for the world’s second-largest economy.
World-EconomyTurkey moved to reduce its baseline lending rate amidst fears of rising public debt cost and rising inflation, NewEurope reported. This is the sixth consecutive time Turkey’s central bank cuts…
World-EconomyNew Zealand’s merchandise trade deficit narrowed in July from the same month last year as imports such as crude oil fell faster than exports such as milk powder and meat.
World-EconomyOver the past two years, Latin America has experienced one of its worst drops in economic activity since the ‘80s. And Brazil, the regional giant, has a lot to do with it.
World-EconomyA new US government report released Tuesday blames lower-than-expected tax revenues for a spike in this year's budget deficit to $590 billion. That's an increase of about one-third over last year'…
World-EconomyAustralia is finally enjoying a long-awaited recovery in government investment as spending on public works expanded at a double-digit pace last quarter to hit the highest in more than two years.…
World-EconomyProspects for the global economy have been overshadowed by strong headwinds from advanced economies, as social inequality, the wealth gap and stagnant growth in them are becoming more and more…
World-EconomyZimbabwe’s ambassador to South Africa, Isaac Moyo, says Zimbabwe has been going through a difficult time in the last 15 years.
The economic challenges facing the country hit by drought and…
World-EconomyThe Central Statistical Office’s business climate indicators were almost all above zero in August, meaning that Polish firms are mostly optimistic about the current climate, PAP reported.
World-Economy“It feels like someone has killed inflation expectations.”
Risto Murto, the chief executive officer of Varma Mutual Pension Insurance Co., which oversees $46 billion in assets, says all the…
World-EconomyA new study shows that women in Britain earn consistently less once they have children—even though the overall gender pay gap has narrowed over the past two decades, AP reported. The study by the…
World-EconomyNegotiations between Bayer AG and Monsanto Co. are advancing toward a deal after the companies made progress on issues including the purchase price and termination fee, people familiar with the…
World-EconomyGerman private sector activity slowed to a two-month low of 54.4 in August, down from 55.3 in July, according to the Markit flash composite index out on Tuesday, CNBC reported. German service…
World-EconomyBrexit is projected to cost the Scottish economy up to £11.2 billion ($14.77 billion) each year, according to the Scottish government, AAP reported. Leaving the European Union will also hit tax…
World-EconomyThe US Federal Reserve has two guiding goals when designing monetary policy: maximum employment and stable inflation.
But as the country's central bankers converge for their annual…
World-EconomyJapan should spend 10 trillion yen ($99.83 billion) on fiscal stimulus both in fiscal 2017 and in fiscal 2018 to offset a lack of demand in the economy and eliminate the risk of…
World-EconomyMore than two months after Nigeria allowed its currency to devalue, the country is starting to reap some dividends.
In the past two weeks, Exotix Partners LLP and Standard Bank Group Ltd.…
World-EconomyThe eurozone economy accelerated marginally in August, according to Markit’s eurozone composite purchasing managers’ index, which came in at a seven-month high.
The flash reading, out on…
World-EconomyIndian state-run banks bought a record amount of sovereign bonds Monday after a selloff following the naming of Urjit Patel as the next central bank governor pushed yields to the highest in almost…
World-EconomyGerman Chancellor Angela Merkel said the European Union needs to show it can prosper without the UK as she and the leaders of France and Italy sought to chart a way forward for Europe.
World-EconomyHit by bad loans, Chinese banks are expected to show a weakening in their capital strength in first-half earnings, raising the prospect that the government might have to inject more than $100…
World-EconomyYesterday’s market darlings, Brazil, Russia, India and China, have failed to ignite the emerging market index despite their significant contribution to global GDP growth. In fact, the emerging…
World-EconomyIron ore, dubbed by Citigroup Inc. as one of the hot commodities of 2016, looks set to cool off. Prices may soon sag as supply rises and steel demand fades, the bank said, adding to a chorus of…
World-EconomyThe Competition Commission slapped South Africa’s largest steel producer, ArcelorMittal, with a R1.5 billion ($111.2 million) fine for its involvement in the long steel and scrap metal cartels,…
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