Retail sales in Russia picked up in April, while real wages growth exceeded expectations as the unemployment rate fell, suggesting an economic recovery was underway, according to data released…
World Economy
The World Bank Group board of executive directors has endorsed the 2019-22 Country Partnership Framework for Georgia, which aims to support sustainable and inclusive growth and improve living…
Economic growth in Peru strengthened in the first quarter driven by an improvement in domestic demand. Growth was strongest in agriculture, fisheries, construction, other services and commerce.…
Eurozone economic growth slowed much more sharply than expected this month, a business survey showed, which along with weaker inflation suggests a stiffer policy challenge for the European…
Malaysia will try to cut its national debt of one trillion ringgit ($251.67 billion), some 65% of GDP, by aborting or reconsidering some projects and cutting ministers’ salaries, Prime Minister…
A nationwide survey conducted by MAK consulting company unveiled that the plunging lira and unemployment are the biggest problems facing Turkey as the nation heads to the polls next month for…
Singapore’s industrial production likely expanded at a faster pace in April compared with the year earlier, buoyed by an upward swing in pharmaceuticals output, a Reuters poll showed on…
South Korea’s household debt rose to a record high in the first quarter, although growth slowed slightly.
According to data by the Bank of Korea on Wednesday, the country’s outstanding…
While Saudi Arabia’s latest budget figures show progress in terms of growth in non-oil revenues, a bigger deficit (on the back of soaring expenditure) still poses risks to the long-term health…
The political situation in Catalonia is one of the main domestic risks to the economy due to uncertainty over the development of tension between Barcelona and Madrid, the Bank of Spain said on…
Jordan’s cabinet on Monday approved major IMF-guided proposals that aim to double the income tax base, as a key part of reforms to boost the finances of a debt-burdened economy hit by regional…
State Bank of India reported a loss of Rs. 7,718 crore ($1.1 billion)—its biggest ever—in the January-March quarter, as the country’s biggest lender set aside more provisions for bad loans after…
The Philippine government will suspend the collection of excise taxes on petroleum products if global crude oil prices hit $80 a barrel to soften its impact on Filipino consumers, a presidential…
The European Union and South America’s Mercosur bloc could reach a trade agreement this year, the president of the European Council said, following tensions between the two regional blocs during…
Dubai’s biggest lender the National Bank of Dubai has agreed to buy Turkey’s Denizbank from Russia’s state-owned Sberbank for $3.2 billion to help establish itself as a leading bank in the…
Data firm IHS Markit Ltd. said it will buy smaller rival Ipreo from private equity funds of BlackStone Group LP and Goldman Sachs for $1.86 billion to expand its customer base, Reuters reported…
The Italian government’s borrowing costs have surged to inauspicious territory. The nation is getting punished in the bond market as the incoming populist government coalition seems ready to…
US President Donald Trump retreated from imposing tariffs on billions of dollars worth of Chinese goods because of White House discord over trade strategy and concern about harming negotiations…
Airbus plans to set out measures that will bring it into line with a World Trade Organization ruling on subsidies for its A350 and A380 jets, a senior lawyer said on Tuesday.
The German economy is in a strong upswing despite data showing growth in Europe’s largest economy was weaker in early 2018 than in late 2017, the finance ministry said on Tuesday.
Interest rate decisions across Africa in the next two weeks are likely to confirm the continent’s biggest economies have mostly ceased a wave of easing that’s been going since last year.
With the rise in unilateralism and protectionism, the Association of Southeast Asian Nations will need to innovate and create, redefining itself as a market for ideas in addition to a production…
The stability of the eurozone will be at stake if a populist new government in Italy fails to keep its financial commitments, French Economy Minister Bruno Le Maire warned Sunday.
Copper edged higher on Monday after China and the United States put their trade row “on hold”, easing concerns that the dispute could escalate, although headwinds from a stronger dollar capped…
Moody’s Investors Service said that Pakistan’s (B3 stable) credit profile is supported by the country’s robust growth performance and potential, a large—but low-income—economy, and an improved…
