The Trump administration is delivering the World Trade Organization “three hard blows” that could destroy the body’s ability to regulate global commerce, China’s ambassador to the Geneva-based…
World Economy
The tug of war between the International Monetary Fund and Germany over the Greek debt issue is threatening Greece’s successful bailout program exit in August.
Croatia’s gross foreign exchange reserves reached €16.5 billion ($19.45 billion) in March 2018, a record high level in nominal terms, Raiffeisenbank Austria said in a report on Wednesday.
The economies of Latin America are expanding again. But the problem is, growth is slow. And there are plenty of uncertainties that could sap the region’s growing economic vitality—from a series…
The yield on the benchmark 10-year US Treasury note hit its highest level since 2011 and the two-year yield hit its highest mark since 2008 after strong retail sales and manufacturing data.
Europe is concerned about collateral damage it may suffer from America’s escalating trade spat with China, an EU official said as he criticized Washington for breaking a years-long push to force…
Japan’s first economic contraction in two years is expected to be only a speed bump on the road to further, yet slower growth.
The world’s third largest economy shrank by 0.6% on an…
Shares in India’s fraud-hit Punjab National Bank plunged more than 12% on Wednesday after it posted the largest ever quarterly loss for an Indian lender, AFP reported. PNB, the country’s second-…
Emerging market monetary policy settings are on the loose side from the perspective of domestic economic conditions as the US Federal Reserve tightens monetary policy, credit ratings agency…
Norway’s economy kept momentum in the first quarter, helped by a rise in exports as consumer spending stalled.
Mainland economic growth, which excludes oil and shipping, expanded 0.6% in…
China’s industrial output beat forecasts in April but retail sales slumped, official data showed Tuesday, as the world’s second largest economy faces headwinds from its debt battle and US trade…
France’s economy grew 2.2% in 2017, according to revised figures published Tuesday—good news for President Emmanuel Macron as he pursues ambitious reforms designed to make the country more…
The Tunisian economy grew 2.5% in the first quarter of 2018, compared to 1.9% in the same period a year ago, the investment minister said on Tuesday, Reuters reported.
Zied Ladhari said…
An election-year spending spree by Sweden’s center-left government could overheat an economy already supercharged by ultra-low interest rates, an independent fiscal watchdog said, Reuters…
Ratings agency Moody’s warned Argentina about the “structural weakness” in its economy. It also warned that the government’s measures to face the “financial turbulence” in the past two weeks…
IMF Managing Director Christine Lagarde warned that a surge in trade protectionism could sap the momentum of the global economic upswing.
The United States has said it may let American businesses invest in North Korea if the two sides reach a nuclear agreement. But even if US economic restrictions against the North are lifted, the…
Nigeria’s economy, measured by the gross domestic product, grew by 3.55% in the first quarter of 2018 from 1.92% in Q4’17.
HSBC Holdings said on Monday it has performed the world’s first trade finance transaction using a single blockchain platform, in a push to boost efficiency in the multi-trillion-dollar funding…
Standard & Poor’s Credit Rating Agency has a positive outlook about the growth of the Omani economy in the coming period, ONA reported. In a new published report, the agency forecasted that…
European Central Bank policymaker Francois Villeroy de Galhau signaled that he expects bond purchases to end this year and an interest-rate hike could follow in 2019, putting him in the camp of…
The Turkish lira and bonds declined to a new record after President Recep Tayyip Erdogan said he plans to take more responsibility for monetary policy if he wins an election next month, spooking…
The International Monetary Fund on Monday stepped up pressure on Chancellor Angela Merkel’s government to reduce Germany’s persistently large current account surplus by hiking public investment…
The Dutch share of world exports is on the rise again after a downturn in the crisis years, the national statistics office CBS said on Monday, DutchNews reported. The CBS reported that the…
The current account balance of payments recorded a deficit of €967 million ($1.159 billion) in the first months of 2018, an increase by more than 25% compared with the same period of 2017, reads…
