World Economy

Indonesia’s President Joko Widodo on Tuesday proposed to parliament a 2017 state budget that has a fiscal deficit at 2.41% of gross domestic product and assumes the economy will grow 5.3% next…

Egypt hopes a $12-billion financing deal with the IMF will usher in an economic turnaround but real progress hinges on a tough reform package avoided for decades to stave off unrest.

The…

The plummeting pound has sharply increased costs for British factories since the June 23 vote to leave the European Union, with new data showing prices of oil, metals and other supplies needed by…

Global stock markets drifted lower on Tuesday as investors were digesting mixed reports on the health of the world economy and awaited more US data later in the day.

Britain’s FTSE 100 fell…

Norway’s $890 billion Sovereign Wealth Fund, the world’s biggest, may have eked out a gain in second quarter as broad stock and bond indexes rose, Bloomberg reported. The fund, which will release…

US consumer prices were unchanged in July as the cost of gasoline fell for the first time in five months and underlying inflation moderated, which could further diminish prospects of a Federal…

The head of Australia’s foreign investment review board said a decision to block the A$10 billion ($7.7 billion) sale of the country’s biggest energy grid to Chinese bidders was based on new…

Argentina’s government and leading oil companies hammered out a plan to gradually trim artificially high wellhead crude prices over the next three months in exchange for a temporary freeze on…

Policy makers in the US and Europe have in the past been vexed by the presence of a “jobless recovery”. Russia is now experiencing something less annoying, but no less puzzling: a…

On Wednesday, the Australian Bureau of Statistics will take a break from census-related damage control and release its quarterly estimate of wage rates. Then on Thursday it will publish the…

Mining giant BHP Billiton has reported a record loss for the past year following a mining disaster in Brazil and a slump in commodity prices.

The Anglo-Australian commodities firm reported…

South Korea ranked 11th worldwide in gross domestic product in 2015, with its global standing rising two notches from a year earlier, data showed Tuesday.

Germany’s central bank has come out in favor of reducing the overall tax burden for Germans in light of a continuously robust labor market and annual balanced budgets. But it also urged a less…

Brexit will hit the earnings of lower-paid UK workers even if the supply of foreign labor is reduced by tough cuts to inward migration, according to the Resolution Foundation, Bloomberg reported…

Canada’s economic recovery is lagging so far behind the US that even a rebound in crude prices is failing to boost the nation’s currency.

In a sign of how worried it is about Japan’s economy, the International Monetary Fund is urging the country to resurrect a radical strategy once employed by former US presidents Nixon, Ford and…

The Fitch Ratings agency has affirmed an A+ rating for Slovakia, with a stable outlook due to its proven ability to attract foreign investment, a solid banking sector and eurozone membership. By…

South Africa’s trade conditions worsened in July as new orders and sales volumes fell amid weak demand and low economic growth, a South African Chamber of Commerce and Industry index showed on…

Vietnam’s rice exports could fall 27% in 2016 from last year to 4.75 million tons, the lowest since 2008, due to less overseas demand and rising supplies from Thailand, a state-run newspaper said…

Global stocks mostly rose Monday, despite subdued growth figures for Japan, as investors looked ahead to US economic data this week as well as the minutes to the Federal Reserve’s last meeting.

The World Bank is the first entity to receive approval to issue bonds backed by the International Monetary Fund’s special drawing rights reserve asset in China.

Budget deficits may be coming out of retirement. With economies all over the world growing too slowly and little scope left for new monetary stimulus, governments are turning their attention back…

Blumberg Grain said its mega project to store Egyptian grains was back in play, with the government to announce a final decision in two weeks, after earlier indications that plans had been…

Japan’s economy grew at a weaker-than-expected rate in the second quarter despite an aggressive spending policy by the government.

Gross domestic product grew at an annualized rate of 0.2%…

The unemployment rate in Turkey rose 0.1 percentage point in May year-on-year, the Turkish Statistical Institute said in a statement on Monday, Anadolu Agency reported. The number of unemployed…