It is expected that the latest installment of concerns over the United States and China entering a potential trade war will encourage global stock markets to come under pressure this week.
World Economy
Backed by an ambitious infrastructure program and comprehensive reforms, the Philippine economy is expected to grow by 7% next year, forecast the country’s top envoy to Korea last week, citing…
Turkey’s unemployment rate stood at 10.1% in March, falling 1.6 percentage points on a yearly basis, the country’s statistical authority said on Monday. TurkStat said the number of unemployed…
New Zealand’s economic growth is expected to have slowed further in the first quarter, falling short of central bank expectations and underscoring the case for keeping interest rates on hold for…
A group of Egyptian lawmakers on Sunday criticized recent fiscal reforms enacted by President Abdel Fattah al-Sisi’s government, especially subsidy cuts to fuel and electricity.
Higher US rates are rattling many emerging markets in much the same way past tightening cycles did, but the Federal Reserve’s hawkishness could also bring cheer for a small group of Asian…
On the occasion of the World Day to Combat Desertification and Drought on June 17, IPS says: “We are witnessing the degradation of about 24% of the planet’s land, with water scarcity affecting…
Singapore’s exports grew at a surprisingly robust pace in May as shipments of items such as pharmaceuticals surged, outweighing the decline in electronics, Nikkei reported. Still, economists…
Japan had a goods trade deficit of 578.3 billion yen ($5.2 billion) in May, the first red ink in three months as imports of crude oil and aircraft surged, government data showed Monday.
It seems like every time Joseph Harvey opens the Wall Street Journal, he is presented with a fresh batch of signals that the current market cycle is nearing its conclusion.
Spanish debt fell for the first time since October in April, sliding €9.75 billion ($11.29 billion) to €1.15 trillion, the Bank of Spain said on Monday.
Debt as a ratio of gross domestic…
Trade liberalization continues to have global momentum despite recent US tariffs on steel and aluminum imports, the European trade commissioner said Monday as she launched free trade…
Egypt’s revenue from the Suez Canal for the 2017-2018 financial year rose 11.5% to a record high $5.585 billion, the canal authority said in a statement on its website on Sunday.
Revenue…
Humanitarian, socioeconomic, political and security conditions in Gaza are inexorably worsening. The great majority of Gaza's two million inhabitants are trapped in a cycle of violence, poverty…
Saudi Arabia, the United Arab Emirates and Kuwait pledged $2.5 billion to support Jordan’s economy after protests trying to stop an income tax increase shook the kingdom. The largesse could…
Argentina’s President Mauricio Macri has replaced two cabinet ministers responsible for economic issues in the continued fallout from the collapse of the currency, state media said, AFP reported…
The European Central Bank and the lenders it oversees are running out of time in their push for rules to foster cross-border mergers, Bloomberg reported. European Union regulations need to…
South Korea’s household debt grew at the third-fastest pace in the world last year, with total obligations being much larger than disposable income, official data showed Sunday, Yonhap reported…
Greek bailout talks are reaching the final stretch and creditors are debating what relief measures they can offer Europe’s most-indebted state to ease its financial burden and facilitate its…
US President Donald Trump dangled the carrot of foreign investment in front of North Korean leader Kim Jong-un at their nuclear summit, but analysts say few will want to put money into one of…
The Russian government submitted a draft law on raising valued-added tax from 18% to 20% to the State Duma, lower house of parliament, the press service of the Russian government said.
“…
Responding to the US import tariffs on certain steel and aluminum products, India has decided to suspend concessions on 30 products being imported from the US.
Only a few months ago, the global economy appeared to be humming, with all major nations growing in unison. Now, the world's fortunes are imperiled by an unfolding trade war.
Paris and Berlin are very close to an agreement on eurozone reform after months of divisions, French Finance Minister Bruno Le Maire has said, AFP reported. “An agreement is close at hand,” Le…
Malaysia was once a loyal partner in China’s globe-spanning infrastructure drive but a new government is now pledging to review Beijing-backed projects, threatening key links in the much-vaunted…
