World Economy

The International Monetary Fund said it was pleased with Argentina’s efforts to restore confidence in its official statistics under new President Mauricio Macri, Reuters reported.

Malaysia’s May trade surplus narrowed the most in nearly a year after exports unexpectedly shrunk due to plunge in shipments of crude oil and natural gas, official data on Friday showed.

Cyprus had the largest decrease in unemployment rates, from 15.3% to 12.0% in May 2016, compared to a year ago, SigmaLive reported. According to Eurostat, the unemployment rate in May 2016 fell in…

The European Union’s credit rating has been cut, with ratings agency Standard and Poor’s saying that the bloc’s future is more uncertain after the UK’s vote to leave.

The International Monetary Fund is likely to lower its growth forecast for the German economy as a result of Britain’s decision to leave the European Union, Enrica Detragiache, the assistant…

Emerging markets retail sales could grow by 4.4% per year to reach more than $17.8 trillion in 2030 compared to $9.2 trillion in 2015, according to a report which depicts four possible scenarios…

As Brexit threatens to blast the UK economy, few things seem more exposed than the balance of payments, Bloomberg reported. The current-account deficit—the difference between money coming into the…

The World Bank said on Thursday it would lend India more than $1 billion for its huge solar energy program, after Prime Minister Narendra Modi sought climate change funds from its visiting head,…

The British government is planning to sell at least £2 billion ($2.66 billion) of Lloyds Banking Group plc shares to the general public by way of a share offer. This will form part of the re-…

Global telecoms giant MTN, part owner of MTN-Irancell has hired former US Attorney General, Eric Holder, to help reduce a $3.9 billion fine imposed in Nigeria over unregistered SIM cards.

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Spanish headhunter Ismael Pimentel just can’t find the candidates.

After a frustrating search for specialist consultants for a client, he’s given up and is casting his net elsewhere,…

China’s central bank said on Friday it lent 208 billion yuan ($31.2 billion) to financial institutions via its medium-term lending facility in June, Reuters reported. Outstanding MLF was 1.75…

South Africa posted the biggest trade surplus since at least 1996 in May as exports of precious metals and stones surged.

Nearly all large US banks have passed the Federal Reserve’s annual stress test, with only US units of Deutsche Bank and Banco Santander SA failing.

The test is designed to judge whether…

The US announced Thursday the first fatality in a wreck involving a car in self-driving mode, the 40-year-old owner of a technology company who nicknamed his vehicle “Tessy” and had praised its…

Sweden’s government and main opposition parties agreed to ease the country’s budget-surplus target, giving the Nordic region’s largest economy more fiscal power to stoke economic growth.

Southern Europe’s borrowing costs fell sharply for a third straight day and French bond yields hit record lows on Wednesday, as expectations grow that central banks will act to shore up confidence…

Singapore’s gross domestic product growth for 2016 should average 1.6%, after expanding by 2% in 2015, Moody’s Investors Service said on Wednesday, BusinessNews reported. The credit rating agency…

Argentina’s double-digit inflation has shown signs of easing this month, the central bank said as it cut its 35-day reference rate for the eighth week in a row.

As part of its effort to get…

By 2020, private wealth in Oman will rise from $0.3 trillion to $0.4 trillion, according to a new report by The Boston Consulting Group.

Fitch Ratings downgraded Bahrain’s long-term foreign currency issuer default rating to ‘BB+’ from ‘BBB-’ and long-term local currency IDR to ‘BB+’ from ‘BBB’, becoming the latest agency to…

Russia will only take its battle against inflation so far. Reserves and the ruble’s free float is where it draws the line.

Years of excessive optimism and financial innovation led to record household debt and a banking crisis in Denmark in the naughts. Conditions are ripening again for a similarly heady combination,…

The overwhelming majority of Americans believe the economy is rigged.

Almost 71% think the US economic system is “rigged in favor of certain groups,” according to a new poll by…

European Union leaders are meeting on day two of what has become a crisis summit in Brussels, but without the UK after its vote to leave the bloc.

As things stand, the EU and UK are in…