A trade kerfuffle that helped make the second quarter the worst in about seven years for most emerging-market carry traders is coming to a head this week, while markets welcomed a smooth…
World Economy
Egyptian President Abdel-Fattah al-Sisi said that the country’s economic growth rate rose from 2% to 5.4% over the past five years, with plans to reach 7% in a few years to come, Xinhua reported…
Direct investments into Nigeria in the first quarter of 2018 declined by 15.7% to about $808.56 million, the Central Bank of Nigeria said in its latest report Sunday.
The decline was in…
US companies, encouraged by a decade of unbelievably low borrowing costs, are sitting on $6.3 trillion of debt, according to S&P Global Ratings. That sum, which excludes banks, is more than…
China has lent Pakistan $1 billion to boost the South Asian country’s plummeting foreign currency reserves, two sources in Pakistan’s finance ministry told Reuters, amid growing speculation of…
North and South Korea reopened a maritime communication channel on Sunday, with vessels from the two countries making radio contact for the first time in a decade, South Korea’s Defense Ministry…
Japan’s Prime Minister Shinzo Abe on Sunday called for an early conclusion of a China-backed regional trade pact that ensures free and rules-based commerce in the face of an increasingly…
In recent months Bahrain’s capital outflows have compounded the balance of payments woes at a time when amortization of long-term debt was picking-up.
Algeria’s foreign currency reserves shrunk $7.3 billion in the first five months of 2018 despite soaring oil prices. The drop, analysts said, was due to increased defense spending and the…
Foreign direct investment into the Philippines in the first quarter of this year rose to $2.2 billion, or an increase of 43.5% compared to the same period last year, the government said on…
Venezuela's inflation rate has hit a new high, according to university research, with consumer prices in the crisis-ridden country rising by more than 40,000% annually for the first time on…
The steady rise in global crude prices will invariably fuel inflationary pressure on the South Korean economy, which in the worst case scenario could trigger stagflation, a local think tank…
Investors are trading risky assets around the world for safe standbys like the yen now that US President Donald Trump is following through with trade restrictions, sowing doubts about the future…
As South Africa emerges from one of its darkest chapters, how can it take steps to dismantle corrupt systems and ensure fair and equal standards for all? How can it prevent corruption, or, where…
Investors bailed out of US stocks at a near-record pace in the last week, as money flowing into treasury bills surged to a 10-year high.
Growth in China›s manufacturing sector slowed in June after a better-than-expected performance in May, official data showed, as escalating trade tensions with the United States fuel concerns…
Studies show that Britain›s population growth has halted after slowing down due to European jobseekers being forced to look elsewhere after Brexit.
The IMF country representative to Ghana, Natalia Koliadina has said the ongoing IMF program with Ghana is improving macroeconomic efficiency. The three-year extended credit facility arrangement…
Indonesia’s central bank on Friday raised interest rates for the third time in six weeks as it moves to shield the rupiah from a selloff in emerging market currencies, AFP reported. Bank…
Russia has filed a lawsuit with the World Trade Organization against US tariffs on steel and aluminum imports, Russian Economic Development Minister Maxim Oreshkin said Friday, Xinhua reported…
Germany’s Thyssenkrupp and India’s Tata Steel signed a final agreement on Saturday to establish a long-expected steel joint venture, the European steel industry’s biggest shake-up in more than a…
India’s external debt stood at $529.7 billion at the end of March 2018, recording an increase of $58.4 billion year-on-year, primarily on account of a rise in commercial borrowings, short-term…
US consumer spending rose less than forecast in May as outlays on services fell and Americans saved more of their incomes. Inflation topped the federal reserve’s goal by more than expected.
Japan might be in for a blockchain boom over the coming years. Some corporate CEOs and central bank officials say the digital currencies, domestic expansion in innovative financial services and…
Canada struck back at the Trump administration over US steel and aluminum tariffs on Friday, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) worth of American goods until…
