World Economy

The Berne Union and Prague Club have agreed to create a new global association for export credit and investment insurers. The decision was taken at the associations’ spring meeting this week in…

The number of job opportunities posted online for qualified job candidates in the Middle East Arab states registered its first negative growth in April since January 2015, according to the Monster…

Brazil’s government is considering selling stakes in state-controlled assets including its postal company as well as holdings in transport, power and insurance firms in a bid to raise capital and…

Traders wanting to know what November’s US presidential election will mean for the dollar need look no further than the UK.

The German regulator has piled further pressure on the European Central Bank over its low interest rate policy, which experts believe is wreaking havoc on pension schemes and savers in Europe’s…

German companies are scaling back their investment in Britain ahead of its June 23 referendum on membership of the European Union, and German industry is becoming increasingly vocal in warning…

Nigeria’s central bank denied a website report that the West African nation planned to devalue the naira currency, Reuters reported. Speculation of a devaluation has been rife since Vice President…

Philippine economic growth likely accelerated in the first quarter of 2016 compared with the same period a year earlier, as a rebound in manufacturing and strong domestic consumption should have…

Egypt’s unemployment rate inched downward to 12.7% in the first quarter of 2016 compared to 12.8% registered in both the first and last quarters of 2015, official statistics agency CAPMAS…

If oil prices stay at the level of $40 per barrel, the ruble exchange rate in the next three years will remain stable, Russia’s Finance Minister Anton Siluanov stated during “Vesti on…

China’s economy continues to remain under pressure as latest economic indicators suggest the economy is undergoing a slump, reviving growth concerns among policymakers.

The future of the Transatlantic Trade and Investment Partnership–a huge US-European Union free-trade deal–looks shakier by the day. Talks began three years ago, with high hopes for a relatively…

Greece will return to credit markets next year if the country’s international creditors offer debt relief measures at a crucial May 24 meeting of eurozone finance ministers, Prime Minister Alexis…

Ireland’s credit rating was raised by Moody’s Investors Service, as the economy continues to outpace the eurozone and its debt level drops.

Moody’s raised the rating to A3 from Baa1 with a…

The financial advisor to Iraqi Prime Minister Haider al-Abadi announced during the preliminary meetings with the International Monetary Fund in Amman that Iraq is seeking to borrow $16 billion,…

After years of growth fueled by credit and domestic consumption, bad debts and bankruptcies are rising in Turkey, squeezing banks and exposing a fragile real economy which risks denting support…

Hong Kong’s economy shrank in the first quarter from the final three months `of 2015, hit by falling exports and weak consumer spending, with the risk that momentum will slow further.

Brazil’s new president just inherited all the same problems that doomed his predecessor, Dilma Rousseff.

The country’s political crisis deepened Thursday when Rousseff temporarily resigned…

Lebanon’s Central Bank will funnel more stimulus to key sectors to prop up the country’s economy, Riad Salameh said.

Egypt’s credit outlook was cut to negative from stable at S&P Global Ratings, which expected continued foreign exchange shortages as aid from Persian Gulf Arab allies deteriorate because…

The Group of Seven nations will take steps to tackle a global glut in steel that many blame on overcapacity at Chinese producers of the material used in construction and cars, according to a draft…

The Moody's rating agency downgraded Saudi Arabia's long-term issuer rating by one notch to A1 but gave the kingdom a stable outlook, saying sweeping economic reforms announced by the government…

Malaysia’s gross domestic product grew 4.2% in the first quarter of 2016, its slowest growth since the third quarter of 2009, announced Bank Negara Malaysia Governor Muhammad Ibrahim on Friday.

Hungary?s growth hit negative numbers for the first time in four years, shrinking 0.8% in the first quarter after growing 0.6% in the previous three months, according to preliminary figures…

The Fitch ratings agency has affirmed Ukraine’s long-term foreign currency Issuer Default Rating at ‘CCC’, meaning that default remains a real possibility, Sputnik reported.