World Economy

Growth in Saudi Arabia’s non-oil gross domestic product is expected to slow to 2.8% in 2016 from 3.4% in 2015, Saudi central bank governor Ahmed al-Kholifey told state television station Ekhbariya…

Chinese Premier Li Keqiang has called for joint efforts to restore global economic confidence following the shockwaves of Britain's vote to leave the European Union.

He said, today the…

The International Monetary Fund on Sunday urged Britain and the European Union to reduce the risks in the wake of Britain’s referendum to leave the EU.

The central bank of Indonesia said Indonesia’s economy has a good resistance believed to be able to protect the country’s economy against the impact of the results of the Brexit referendum, Yahoo…

The UK’s decision to exit the European Union may rock the overall US economy in coming months. But it isn’t likely to sink it.

As Russia’s government counts the months to an economic rebound, a bellwether of investment is nearing levels of distress last seen during the throes of a recession seven years ago.

The aftershocks of the UK’s vote to leave the European Union continued to reverberate across financial markets, with the pound extending its selloff near a 31-year low and Asian stocks outside…

The world economy is still suffering from the aftermath of a massive and unsustainable financial boom, the Bank for International Settlements has argued, and not, as the IMF maintains, from a…

Profits of Chinese industrial companies rose 3.7% in May from a year earlier, slowing from April’s pace and adding to concerns that the world’s second-largest economy may be losing some momentum…

Scotland’s first minister has said her administration will do whatever it takes to remain in the EU, including potentially blocking the legal process behind Britain’s exit from the bloc. Scots…

Puerto Rican Governor Alejandro Garcia Padilla late on Friday declared a suspension of any payment on some debt issued by the US territory’s infrastructure financing authority, citing…

Russia is not ready yet to issue Chinese “Panda” bonds—yuan-denominated bonds sold by overseas entities on the mainland—due to the lack of infrastructure, deputy finance minister, Sergei Storchak…

The European Union is now third after China and the United States by the purchasing power parity GDP following Brexit, Russia’s ex-finance minister and head of the Center for Strategic Research…

Brexit talks must be carried out quickly to limit uncertainties, ECB Governing Council member Francois Villeroy de Galhau said on Saturday, adding the City of London financial center was at risk…

The China-led Asian Infrastructure Investment Bank has approved $509 million in loans for its first 4 projects. This marks the beginning of the AIIB’s full-scale banking operations.

Bank…

Consumer sentiment weakened in June as Americans’ views of the economy darkened, the University of Michigan said.

Its final reading for June fell to 93.5 from 94.7 in May. In a MarketWatch…

Smaller Irish companies are still more focused on paying back their debts than taking advantage of new loans, according to new figures from the central bank.

The organization’s latest data…

The “fragile” global economic recovery has taken a major hit from the shock Brexit result, Australia’s Prime Minister Malcolm Turnbull has said, even as he sought to reassure Australians that a…

Ratings agency Moody’s said Britain’s creditworthiness was now at greater risk after voting to leave the European Union, as the country would face substantial challenges to successfully negotiate…

Central banks across the world offered the financial system fresh funds and intervened in currency markets, in an effort to reassure investors sent into panic by the UK’s vote to leave the…

Colombia is seeking $9 billion to fund the remainder of its ambitious infrastructure plan, after raising $4 billion in investments for the initial phase, the head of the public-private investment…

Italy’s Economy Minister Pier Carlo Padoan said on Saturday that Britain’s vote to leave the European Union could lead to the Italian economy growing less than initially forecast, with a negative…

With 72.16% participation, the European Union referendum in Britain revealed that a majority of the people in that country (51.9%) want a permanent end to the membership in the club.

Britain's decision to leave the European Union could drive the economy into recession and will force the Bank of England to ease its already ultra-loose monetary policy further.

Dubai and Abu Dhabi in the UAE have been ranked among the 25 most expensive cities to live in the world, according to the latest Cost of Living Survey published by Mercer, a global consulting…