World Economy

 It grew a mere 1.2% between April and June compared to the same period last year, according to the Commerce Department. It was well below many economists’ expectations.

Growth was…

The Brexit bounce back that lifted stocks in July is unlikely to carry into August, and markets will be put to the test early on—by global manufacturing data Monday, Friday's US jobs…

Singapore’s economic growth is expected to accelerate next year, supported by accommodative fiscal and monetary policies, but the weak global outlook remained a risk, the International Monetary…

Sri Lanka’s forex reserves rose to $6.4 billion by the last week of July up from $5.3 billion at the end of June 2016, an official said, EconomyNext reported. Sri Lanka sold a $1.5 billion…

Pakistan’s central bank kept its key policy rate unchanged at 5.75% on Saturday, citing steady remittances and low oil prices, Reuters reported. State Bank of Pakistan Governor Ashrah Mahmood…

Exports to the European Union now account for just 12% of Britain’s economy and companies are looking elsewhere for trade.

The Office for National Statistics’ Pink Book–which details the…

Banca Monte dei Paschi di Siena SpA was the worst performer in European regulators’, or European Banking Authority, stress tests, the only lender of 51 to have its capital wiped out in the exam,…

With Beijing targeting automation as a key strategy to upgrade its manufacturing sector and reduce reliance on increasingly expensive labor, local governments are only too eager to respond to the…

UBS Group AG, the Swiss lender seeking to expand in China, became the latest European bank to post a decline at its equities business, partly hurt by a slowdown in trading in the Asia Pacific…

A day seldom passes without articles appearing in the financial press pondering why interest rates have remained so low for so long. This is one of those articles. So let’s start by clarifying…

The eurozone economy faltered in the second quarter, as labor strikes in France choked off a nascent pickup there and a troubled banking sector continued to hamstring the bloc’s efforts to haul…

The Alberta wildfires torched the Canadian economy in May, driving the country into its worst one-month performance since the darkest days of the Great Recession seven years ago.

 BASF SE’s second-quarter profit dropped 16% as the world’s largest chemical maker was hit by weaker demand for farm products and a lower oil price.

Plummeting economies in Venezuela and Brazil are expected to drag Latin America into negative growth again this year, the UN’s Economic Commission for Latin America and the Caribbean reported late…

China’s deficit in foreign service trading widened in June, according to data from the State Administration of Foreign Exchange released Wednesday, Xinhua reported. Income from foreign services…

Irish Central Bank Quarterly Bulletin was released Wednesday morning with wide ranging reporting discussing Irish mortgage figures, unemployment, Brexit, ‘on-shoring’ and balancing sheet…

Lending growth to eurozone companies and households picked up last month, suggesting the bloc's slow but steady economic recovery remains on track and easing pressure on the European Central Bank…

Orders to US factories for long-lasting manufactured goods fell in June by the largest amount in nearly two years, reflecting a big decline in the volatile category of commercial aircraft. The key…

Nintendo’s quarterly earnings day has never been so anticipated. But the Pokemon phenomenon hasn’t translated into success for the games giant—Nintendo posted a $49 million loss for Q1…

Australian consumer prices rose at the slowest annual pace since 1999 last quarter while core inflation remained at a record low, setting the stage for a cut in interest rates as early as next…

Deutsche Boerse AG’s shareholders have accepted the company’s £10.3 billion ($13.5 billion) takeover of London Stock Exchange Group Plc, bringing the firms a step closer to forming Europe’s…

For David Wong, the business of selling homes isn’t as good this year as it was in 2015, and he’s blaming that on a decline in customers from China.

Asian stocks settled near one-year highs on Wednesday while the safe-haven yen slumped after Japan’s government announced a larger-than-expected economic stimulus package, which led most of the…

The real estate markets in the Saudi cities of Riyadh and Jeddah continue to maintain an overall slowdown in performance, according to a JLL report, TradeArabia reported. JLL, a leading global…

The private sector can be an important driver for growth and rising prosperity in the Middle East and North Africa region if effective policies are put in place to address key challenges…