World Economy

China’s trade shrank in April in a sign government stimulus is failing to jolt the world’s second-largest economy out of a prolonged slowdown.

Things are terrible in Portugal, but not quite as terrible as they were a couple of years ago. The same thing can be said about the European economy as a whole. This is good news.

Taiwan was listed in 10th place on the Economist’s latest index of crony capitalism, which gives an indication of how much the livelihood of people in certain countries or cities depends on close…

Egypt’s net foreign reserves reached $17 billion at the end of April, which marks an increase by $449 million, the central bank said, Albawaba reported. The central bank’s reserves…

The Reserve Bank of Australia has showed it is more worried about deflation than house prices after it cut its official cash rate by a quarter of a percentage point to 1.75%. The…

South Africa’s Treasury says it was bringing public finances under control despite recent “adverse political development” after Moody’s affirmed the country’s investment-grade credit rating but…

The Australian dollar faced heavy selling pressure after the RBA unexpectedly cut the benchmark lending rate to 1.75% and subsequently hinted at further easing on the horizon in its Monetary…

Canada lost 2,100 jobs in April, and the unemployment rate stayed steady at 7.1%, according to Statistics Canada, CBC reported. The service sector added 35,000 new jobs, most in wholesale and…

US consumers sharply increased use of their credit cards in March, pushing up total borrowing at the fastest pace in more than a decade, AP reported. The Federal Reserve reported Friday that total…

Egypt President Abdel-Fattah al-Sisi took a defensive line on the Suez Canal. “I heard people say the revenues of the Suez Canal decreased. Of course not! They increased,” he insisted, Mena…

Mexico’s central bank has kept its overnight interest rate unchanged, matching a decision last week by the Federal Reserve, after the peso’s rebound from a record low eased concern that inflation…

The Venezuelan economy is facing turbulence and rising inflation, and growing demonstrations against the government are becoming an everyday scene.

Long power outages, medicine shortages,…

A significant slow-down is taking place in the UK economy; that much is plain not just from the growing weight of anecdotal evidence—including  warnings from a whole slew of retailers—but…

Puerto Rico’s economic recession is poised to worsen as residents continue to leave the island, threatening to deepen the fiscal crisis that’s pushing the island to default on a growing share of…

One of the potential buyers of Tata Steel—the management team—says it could cut up to 1,000 jobs if it succeeds in buying the plants.

Excalibur Steel UK Limited said its plans for the…

The International Monetary Fund won’t join a European bailout of Greece until differences on the nation’s budget plan are resolved between the fund and European creditors, IMF Managing…

Saudi Arabian companies are faring better in an era of austerity than many investors feared, but they face more pain in the coming months as gains from cost-cutting and efforts to improve…

South Africa’s economy could swing back to recovery in 2017, says the International Monetary Fund, but cautions that Africa’s second largest economy would have to stave off expected further shocks…

Japan, a longtime supporter of economic development in Southeast Asia, is stepping up its engagement in the region as China has raised its profile in the 10-member Association of Southeast Asian…

Across the US Farm Belt, top grain handlers have banned genetically modified crops that are not approved in all major overseas markets, shaking up a decades-old system that used the world’s…

China’s foreign exchange reserves rose in April to $3.22 trillion, central bank data showed on Saturday, marking a second monthly rise this year and suggesting the central bank is easing off its…

There’s plenty of volatility, but what happened to the volume? From stocks to currencies and bonds, the upswing in turbulence to start the year is chasing all but the bravest traders from…

The Malaysian fund that invests on behalf of the country’s 18 million Muslims plans to offer the London headquarters of law firm King & Wood Mallesons for sale, according to one of its…

Turkey has a large external imbalance because of a low private saving rate, the International Monetary Fund said in a report released on Friday.

Although the saving rate of the Turkish…

Steel giant ArcelorMittal reported that its net loss for the first-quarter of 2016 narrowed to $416 million or $0.23 per share from $728 million or $0.41 per share in the first-quarter of 2015.…