World Economy

 Foreign direct investment into the Chinese mainland fell 1% year on year to $8.9 billion in May, the Ministry of Commerce said Sunday, Xinhua reported. This compared with a 6% increase…

Asserting that the constitution promulgated last year has ensured all rights of people, Nepalese Prime Minister K.P. Sharma Oli on Sunday said that his government was now heading towards economic…

This is a challenging time for global trade. According to the current World Trade Organization new trade forecasts, global goods trade is expected to grow by 2.8%, making 2016 the fifth…

The Federal Reserve has released one of its reports into how well Americans and the American economy are doing. And there’re two headline points being picked up from this one, Report on the…

Global stock markets slumped as traders expressed unease over central bank policy and Britain’s looming referendum on EU membership.

The market was caught by surprise from the central bank’s earlier-than expected rate cut last week, providing support to the government’s policy on corporate restructuring amid a gloomy economic…

Brazil’s fiscal accounts were in worse shape than initially thought after the suspension of Dilma Rousseff, underscoring the challenge facing the country’s new economic team, acting President…

Much is being made of Saudi Arabia’s plans to reform its economy. The idea that it needs to move away from dependence upon oil is an obvious one. And yet it should also be said that the plans are…

Fears of economic instability in the eurozone are sending shockwaves through the Australian stock market, as the world sweats over whether Britain will bail on the European Union.

The poor trade balance of Nigeria with other countries has been a subject of major concern to private sector operators.

The Abuja Chamber of Commerce and Industry, in a statement, lamented…

Saudi Arabia is likely to start privatizing its postal system by early next year, telecommunications minister Mohammed al-Suwaiyal said, in a test case for a series of state asset sales, Reuters…

Turkey’s current account deficit narrowed for a ninth month in April as the cost of imported energy fell, Bloomberg reported. The shortfall in the current account, the broadest measure of trade in…

Figures from the Portuguese National Statistics Institute have shown that Portuguese exports fell 2.5% and imports dropped 7.3% in April, compared with the same month last year, bringing the trade…

According to the latest survey from the Confederation of British Industry, UK private sector growth was “broadly steady” in May, while further “modest” growth is expected in the months ahead,…

Taiwan’s local service sector remained weak in April, with an index pointing to a slowdown, as exports continued to falter amid slow global demand, according to the country’s Commerce Development…

Open-ended strikes over controversial labor reforms continue to plague France, a day after the European football championship opened in Paris late on Friday.

The European Central Bank should ease monetary policy further if inflation does not begin rising as expected, and governments should find ways to snuff out non-performing bank loans to help…

The global economic crisis has left the economies of developed countries with huge challenges. Most of the governments resorted to set quantitative facilitation programs (assets’ purchase) as an…

Numerous small and medium-sized enterprises manufacturing in the mainland Hong Kong have reported increasing challenges from rising costs and slackening demand.

But some experts point out…

Singapore and Mexico further expanded bilateral cooperation beyond just economics on Friday, and into areas like food and agriculture and education.

It is a move that signals the “broad,…

Argentina’s inflation will likely be 38% this year, according to the average analyst estimate in a Reuters poll, though the effect of price increases put in place by center-right President…

This year could see South Africa’s economy bottoming out somewhat, leaving the country at a low base for recovery next year, Econometrix (South Africa’s leading independent economic consultant…

China must act quickly to address mounting corporate debt, a major source of worry about the world’s second-largest economy, a senior International Monetary Fund official said on Saturday.

India’s industrial output contracted by 0.8% in April, the first decline in three months, due to drastic fall in capital goods production and manufacturing activities, prompting demands for pro-…

Six US airlines have been licensed to operate up to 155 round-trip flights per week to Cuba, potentially opening up a new era for mass tourism, AFP reported. The US Department of Transportation…