World Economy

When a frustrated mother threw a mango at Nicolas Maduro in April, hitting him on the head, she could never have guessed the outcome: the Venezuelan president promised his homeless attacker a new…

China is under growing pressure to further stimulate its economy after disappointing data over the weekend showed another heavy fall in factory-gate prices and a surprise slump in exports.

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New figures published this week suggest that an increasing number of France’s top earners are leaving the country, with some observers blaming high taxes for the rising “wealth drain”.

Egypt’s trade balance deficit expanded by another 4.4% in the third quarter of 2014/2015 fiscal year, according to official data, AMEinfo reported. The country’s trade deficit edged up to $9.4…

Germany’s trade surplus is expected to rise to a new record in 2015 thanks to falls in the prices of imported oil and gas, Der Spiegel reported. The finance ministry is estimating a trade surplus…

Hopes that bad debts in the Thai financial system may have peaked this year are fading as more small and medium-sized enterprises default on their bank loans, hit by slowing domestic consumption…

US consumer borrowing hit another record in June, good news for the American economy, AP reported. Americans piled on another $20.7 billion in debt in June, bringing total consumer borrowing to a…

The once irresistible allure of the Chinese market to foreign multinationals is losing some of its luster as slowing growth in the world’s second-largest economy hits their sales.

The household debt in Malaysia is very high compared to other countries is a cause of worry said economist Dr Muhammad Abdul Khalid.

He said 50% of the income of Malaysians goes into paying…

The reserve assets of the Saudi Arabian Monetary Agency dipped by 1.1% to SAR2.52 trillion ($672 billion) in June compared with SAR2.55 trillion in May, AMEinfo reported. The country’s reserve…

Despite the Free Trade Agreement talks with the European Union being in limbo, India has received an impressive $ 24 billion in foreign direct investment from the 28-nation bloc over the last…

Expensive watches have not lost their appeal to wealthy Kurdish customers despite a year-long economic recession in the region that cut the annual sale of ordinary watches in half, according to…

The UAE’s banking sector continued to report strong growth in lending, profits, assets and asset quality in the second quarter of 2015, thanks to the resilience of the economy despite a sharp…

Under the new government, Sri Lanka is looking at China as a major source of foreign direct investment to further expand its growing economy, a top business executive said.

The Addis Ababa Action Agenda is widely seen as a major disappointment for developing countries as well as others hoping for adequate means of implementation to realize national development…

Chinese exports tumbled 8.3% in July, their biggest drop in four months and far worse than expected, reinforcing expectations that Beijing will be forced to roll out more stimulus to support the…

Belgium’s cities are bursting with art, its citizens are top-rank healthy and even the economy is productive, hosting wealthy companies and cool tech startups. And the food? Incroyable! …

The US job market just demonstrated that it may be nearing full health more than six years after the Great Recession—and showed why the Federal Reserve may be about to raise interest rates from…

The Malaysian government has no plans to peg the ringgit against the US dollar to address its depreciation, said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah, Bernama reported. He said…

Antitrust authorities in Europe failed to find evidence that Apple Inc’s deals with record labels and online music streaming services are blocking rivals’ access to its music streaming platform,…

The Panama Canal Authority said next month it will temporarily limit the size of ships using the waterway because drought has lowered water levels in Gatun and Alhajuela lakes, AP reported. The…

The Swiss National Bank’s foreign-currency reserves rose to record in July, a month when the franc weakened against both the dollar and the euro, Bloomberg reported. The reserves increased 3% to…

Inflation data next week are set to provide another demonstration of the challenge facing the European Central Bank, while giving a boost to investors backing German bonds.

Largely lost amid the frantic scramble after drug lord Chapo Guzman’s dramatic escape, one of the biggest leaps of faith for the Mexican economy landed with a flop.

With the Turkish lira losing value each day against the dollar, the share of foreign currencies in the total deposits held by Turkish lenders spiked from 37% in January to 43% in July,…