World Economy

Bumper July jobs data from the United States have again begun to stoke expectations of a September rate hike from the Federal Reserve, just when other major central banks around the globe are…

South Korea’s financial watchdog on Sunday said 32 big local firms should carry out restructuring, a move that could be aimed at keeping financially troubled companies from further hurting Asia’s…

Total sales from Mexico’s major retail stores will likely surpass earlier estimates of nearly 7% growth this year, in large part due to abundant liquidity in the economy, the head of retailers…

Japan's economic landscape has survived more than most. From devastation in World War II, a miraculous post-war boom, a 'lost decade' in the 1990s and now, the world's most elderly population,…

The International Monetary Fund, which has tormented small Caribbean economies for five decades with austerity measures and fierce conditionalities, has been exposed as adopting utterly different…

Zimbabwe’s punitive tax regime, coupled with de-industrialization that has forced the economy to rely on imports and devaluation of regional currencies against the US dollar, have rendered the…

Corruption is much more common in the private sector than the public sector in Finland, according to a new report released by the country’s Police University College, NewEurope reported. As…

Puerto Rico’s government says it has raided three more businesses with a combined tax debt of over $500,000, the latest of 132 firms collectively owing $48.9 million that are being targeted in a…

Revenue from Egypt’s Suez Canal reached $3.183 billion in the period between January 1 and August 6, 2016, up 4% from $3.059 billion in the same period last year, the Suez Canal Authority chairman…

The central banks remain in control of the markets as since 2008 it has been up to them to patch the global economy back together again. Unfortunately, as was learned back in the Great Depression…

Global economic growth is set to moderate to 3.1% for 2016 before picking up to 3.4% in 2017, according to a meeting of economic and trade ministers from the Association of Southeast Asian Nations…

State intervention is not required to support Italy’s banks but the government will focus on measures aimed at supporting the restructuring of the lenders, Italian Economy Minister Pier Carlo…

The Azeri central bank raised its key interest rate for the third time this year to the highest since 2008 as it struggles to restore trust in the national currency after two…

Britain owes the European Union billions of euros in outstanding bills that will be need to be settled before Britain moves to carry out its shock decision to leave economic zone according to…

India adopted an inflation target of 4% for next five years under the monetary policy framework as previously agreed and in line with the center’s focus on macroeconomic stability to…

Insurers who sell policies limiting executives’ liability from lawsuits have seen a surge in business thanks to a sprawling Brazilian corruption probe involving state-controlled Petroleo…

The European Commission has released a paper recommending improvements to France’s “inefficient” value-added tax system, including that the country do away with broadly applying reduced VAT rates…

Thailand’s stagnating economy is unlikely to get much of a boost from a referendum Sunday on a new constitution proposed by the military government, which took power in a 2014 coup. A “yes” vote…

No news may be good news for Europe’s higher-yielding government bonds.

Evidence the US economy is churning out jobs salvaged the week for equities, sending the Nasdaq Composite Index to its first record close in a year and handing the S&P 500 Index its fifth…

A barrage of awful economic reports have emerged over the state of Canada's economy in recent weeks.

First up was fresh evidence that Canada's manufacturing sector is …

China’s central bank reiterated it would fine-tune policy in a pre-emptive and timely way, but added that cuts to bank reserve requirements could put downward pressure on the yuan and foreign…

The service sector in Taiwan flashed a “yellow-blue” light in June, signaling sluggish growth for the eighth consecutive month, according to the Commerce Development Research Institute, CNA…

The US trade deficit rose to a 10-month high in June as rising domestic demand and higher oil prices boosted the import bill while the lagging effects of a strong dollar continued to hamper export…

South Korea’s economy is increasingly relying on government spending for growth as the private sector loses vitality. Economists point out that repeated short-term stimuli will only weaken fiscal…