World Economy

 Russia is interested in further expanding cooperation with Azerbaijan’s businesses, including in the food market, Russia’s President Vladimir Putin said on Saturday.

Ratings agency Standard & Poor’s has cut its outlook for the United Kingdom. The move came on the back of the government’s decision to hold a referendum on whether the nation should stay in…

UAE-based Tawazun Precision Industries has joined hands with aircraft manufacturing giant Boeing to break ground on its new aerospace surface treatment plant in Abu Dhabi, UAE, TradeArabia…

Vietnam received an estimated $4.95 billion in actual foreign direct investment in January-May, up 7.6% from the same period in 2014, the Planning and Investment Ministry said, the country’s…

The consumer price index, which measures inflation, rose to 9% in May compared to 8.7% in the previous month, according to the National Bureau of Statistics, NewsNow reported. This is coming on…

Although Saudi Arabia has substantial financial reserves to withstand low oil prices over the next few years, recent government spending has intensified the need for longer term fiscal,…

Perturbed over frequent strikes in the commercial capital of Pakistan, Prime Minister Nawaz Sharif has said that “even if a fly dies, strike is called in Karachi” and this ‘culture of strikes’ has…

The US has largely blocked terror groups from moving money through banks, but tens of billions of dollars in illicit funds still transit the financial system each year, the Treasury said Friday.…

While German bond yields remain very low, their sharp rise from near-zero in mid-April is effectively a tightening of monetary conditions just as the European Central Bank is trying to loosen them…

I n recent years, the economic outlook for many developing countries appeared bright. But the World Bank has lowered its expectations for 2015, saying they now face a series of tough challenges.…

Portugal faces a “tangible risk” of not meeting its budget deficit target this year if there are no further cuts in spending, the International Monetary Fund warned.

The European Union is to release €161.38 million ($181.71 million) of budget support to the government of Ghana “in the coming weeks.” According to the EU ambassador to Ghana, William Hanna, the…

Inflation in France has reached 0.3 percent, signaling a wider recovery in prices across the Eurozone.

Western sanctions have encouraged Russia to work more actively with Asian partners, Russian Prime Minister Dmitry Medvedev said prior to this month’s EU summit in Brussels. The EU will then make a…

Asian stocks rose for a third day after data on retail sales bolstered confidence in the strength of the US economy and a weaker yen sent Japanese shares higher.

The pace of financial integration in Southeast Asia is “disappointing”, but policymakers are intent on speeding things up, Monetary Authority of Singapore managing director Ravi Menon said on…

International Monetary Fund representatives have cut short negotiations with Greek officials in Brussels, after they failed to present a viable reform plan. The move has left Athens, due to repay…

Over the past two decades, inflation targeting has become the predominant monetary policy framework. It has been essentially (though not explicitly) adopted by major central banks, including the…

The return to growth in the first quarter of the year shows that the reform efforts of the Cypriot people are starting to pay off, an International Monetary Fund spokesman said.

China’s economy grew at a reasonable pace in May as some indicators showed signs of a recovery, a senior official at the National Bureau of Statistics (NBS) said on Friday, Reuters reported.

China has started a rail freight service linking the western Xinjiang region also known as a “core area” of the Silk Road economic belt with Moscow. It is expected to deliver $8.1 billion worth of…

Saudi Arabia-based Arab Petroleum Investments Corporation (Apicorp) is in talks with banks about a debut international bond issue this year, sources said on Thursday, which would be the first…

Greek shipowners invested a total of 1.7 billion euros in March and April alone in newbuild orders – mainly tankers at Asian shipyards – as shipbrokers’ data show, ANSA reported. This constitutes…

An estimated 500,000 children are working on tobacco fields in the United States, most of them in extremely hazardous conditions. World Day Against Child Labor, on June 12, aims to highlight the…

The European Union and Mexico agreed on Friday to launch negotiations towards a new free-trade agreement, as Mexico seeks to avoid being sidelined by Europe’s bigger trade deals with the United…