World Economy

  • India on Tuesday slapped anti-dumping duty on import of hot-rolled steel products from six nations, in a bid to shield domestic manufacturers against cheaper inward…

    World-Economy
  • The UK’s antitrust regulator said banks must set a cap on fees for customers who spend more than they have in their checking account following an almost two-year investigation into the retail…

    World-Economy
  • Since the 2008 financial crisis, policy makers around the world have put new rules in place to make banks less risky and more transparent. They’re confident that these changes have made the…

    World-Economy
  • South Africa’s gross reserves, which include gold and foreign exchange, were down $209 million to $46.2 billion in July from $46.4 billion in June, BDLive reported. Foreign exchange reserves are…

    World-Economy
  • UK house prices fell by the most in five months after Britain’s decision to quit the European Union, although it’s still too early to tell how much Brexit has damped the market, Halifax said,…

    World-Economy
  • Australia’s Treasurer Scott Morrison warned of risks to the nation’s top credit rating and urged opposition and minor party lawmakers to back plans aimed at curbing the budget deficit, APP…

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  • Greece’s trade deficit reportedly increased by 2.8% to €9.53 billion ($10.56 billion) during the first half of the year, Tovima reported. The capital controls that were introduced in the summer of…

    World-Economy
  • German industrial output rose slightly more than expected in June, but a subdued order intake and a manufacturing outlook clouded by the Brexit vote has kept the onus on private consumption to…

    World-Economy
  • China’s central bank has given more signals about its evolving monetary policy stance, flagging continued use of liquidity tools rather than further cuts to interest rates or the percentage of…

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  • A criminal investigation into Airbus Group SE’s practices in selling planes and arranging financing overseas will seek to shed light on the use of third parties who are often critical in closing…

    World-Economy
  • The Brexit vote appears to have taken its toll on Northern Ireland, and the UK as a whole, after businesses reported a decrease in activity in July—ending 14 months of expansion.

    World-Economy
  • It’s almost a decade since the worst banking crash in western Europe, but the mistakes of loans past still haunt the Irish financial system.

    World-Economy
  • Whenever Mario Draghi clears a hurdle on his path to higher inflation, a new one appears.

    World-Economy
  • China, the world’s biggest producer and consumer of gold, cut bullion purchases in July as prices soared to the highest level since 2014 after the UK voted to leave the European Union, Bloomberg…

    World-Economy
  • The French economy is set to return to growth this quarter, the nation’s central bank said, as President Francois Hollande aims to cement a turnaround ahead of next year’s general election.

    World-Economy
  • The ability of policymakers to stimulate economic growth is dwindling rapidly, and both central banks and governments around the world are running out of options, according to new research from…

    World-Economy
  • S&P Global Ratings announced on Monday it raised South Korea’s sovereign rating to “AA” from “AA-” with a “stable” long-term outlook, citing steady growth of the economy, improving external…

    World-Economy
  • Asian stocks rose Monday after strong US jobs data reassured investors the world’s largest economy still is growing and boosted American stocks.

    Tokyo’s Nikkei 225 surged 2.4% to 16,650.57…

    World-Economy
  • In just over seven months, humanity has used up a full year's allotment of natural resources such as water, food and clean air–the quickest rate yet, according to a new report.

    The point of…

    World-Economy
  • As has been widely reported, Cuba has entered a new period of austerity.

    World-Economy
  • Oman’s economy is showing signs of slowing with consumer confidence weakening, government projects being cut, and market conditions staying bearish, said a report.

    The persistence of low…

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  • Saudi Arabia’s consumer confidence score remains flat from the first quarter at 104, according to consumer confidence findings from Nielsen, a global information and measurement company with…

    World-Economy
  • China’s foreign exchange reserves fell to $3.20 trillion in July, central bank data showed on Sunday, in line with analyst expectations.

    Economists polled by Reuters had predicted reserves…

    World-Economy
  • Calling India’s monetary policy stance to target inflation “credit positive” Moody’s Investors Service on Sunday said that it will help keep price rise pressures under check, PTI reported. “The…

    World-Economy
  • The British Chambers of Commerce has welcomed the most recent preliminary gross domestic product figures, but it says that infrastructure investment remains vital.

    World-Economy