World Economy

 Peru’s economy grew by a faster-than-expected 3.87% in June from a year earlier, a strong uptick from May and one of the fastest monthly expansions of the past year, state statistics agency…

Aleksandr Auzan, Doctor of Science (Econ.) and head of Moscow Lomonosov University department of economics, gives his assessment of the current situation of the Russian economy. “We are witnessing…

While Brazil’s currency, the real, is crippling the country’s economy and the nation is heading for its worst recession in a quarter-century, it’s great news for some shoppers for high-end goods…

As the Zimbabwe economy continues to choke, throwing workers onto the streets and companies closing down, there have been a few smiles elsewhere as a result of this carnage. It is the auctioneer…

It is a safe bet that Britain’s rock-bottom interest rates are going to stay at rock bottom, this year and next. That is the message from the global economy, where all the signs point to low…

The European Central Bank needs to keep monetary policy steady, despite “exceptional nervousness” in global markets, as its quantitative easing program is having an impact, executive board member…

Seeking to provide “new impetus” to their economic relations, Canada and India are jointly working to finalize a bilateral foreign investment agreement to accelerate investments,…

Kuwait has approved the construction of a series of power plants, desalination facilities and other infrastructure projects worth a total of around KD3 billion ($9.9 billion), the finance ministry…

Domestic demand in the Philippines looks strong enough to help make up for the lackluster performance of exports and fuel a rebound in economic growth to the 6% level for full-year 2015 from the…

Russia boosted natural gas supplies to Germany by almost 50% in the second quarter as prices plunged, while the world’s largest natural gas exporter struggled with weaker demand from its…

Across the vast expanse of the internet, everyone from professional economists to armchair theorists are sounding the alarm that next month may hold some ugly surprises for the global economy.

Turmoil in the Saudi Arabian money markets suggests that financing the government’s budget deficit in an era of cheap oil may not be smooth as banks worry about the risk of a liquidity squeeze.

The fund owned by the influential billionaire George Soros has sold most of its shares in the Chinese online retail firm Alibaba, BBC reported. Soros Fund Management now holds just 60,000 shares…

Eurozone finance ministers shielded Greek bank depositors from any losses resulting from the restructuring of the nation’s financial system, as part of Friday’s deal on €86 billion ($96 billion)…

Puerto Rico is approaching an inflection point that may prove to be more challenging than the commonwealth’s decision this month to skip a bond payment for the first time, Bloomberg reported.…

The surplus of Ukraine’s trade balance amounted to $2.89 billion in the first half of 2015, higher by $227.9 million, or 8.6%, as compared to the surplus of $2.66 billion in the same period last…

Confidence among US consumers eased for a second month in August as households braced for an increase in interest rates that could slow growth. The University of Michigan’s preliminary index of…

Global gold demand dropped 12% in the second quarter of the year, hitting a six-year low of 914.9 tons, data from the World Gold Council shows.

According to the industry body’s …

Dave Forest, a columnist for Oilprice.com says: “I wrote two weeks ago about substantial production cuts coming in platinum. And now it looks like the situation is about to get more dire…

Turkey’s long-awaited domestic automobile is still three years away from reaching the market, said Science, Industry and Technology Minister Fikri Isik.

Dubai’s current slate of major infrastructure projects will provide one of the UAE’s main sources of non-oil growth in the run-up to 2020, NewsNow reported. But they could also be a domestic…

BNP Paribas SA has agreed to pay $115 million to settle investor claims of price-rigging in the foreign exchange market, a source familiar with the matter said.

The Paris-based bank is…

The prices of crude oil have crashed and stand at $42 per barrel in the international market, one of the lowest in the last eight years, which will have a far-reaching impact on Pakistan’s…

Arab Bank has reached a settlement with hundreds of US victims of attacks in Israel and the Palestinian territories who filed a lawsuit accusing the bank of supporting terrorism.

A…

Australia’s Labor party says the government needs to instill confidence in the community and consumers in order for the economy to grow.

Shadow treasurer Chris Bowen said consumer…