World Economy

The Bank of Korea, the country’s central bank, is almost certain to raise its benchmark lending rate in July given the recent subdued inflation, economists and leading investment banks said,…

Europe’s economy is looking like the weak link in the global expansion after a slowdown in the first quarter.

The Organization for Economic Cooperation and Development said on Monday…

Cracking the whip, the government of India on Monday asked the Board of Allahabad Bank to take away all the powers of its CEO and MD Usha Ananthasubramanian, the former chief of the troubled…

Small businesses employing just a third of New Zealand’s workforce have delivered more than two-thirds of the nations’ jobs growth over the past year, a leading economist says.

Opponents of protectionism have identified many reasons why such policies could lower living standards, including the dangers of mutual retaliation, poor resource allocation, and higher…

Xerox has scrapped a planned $6.1 billion deal with Fujifilm Holdings Corp. in a settlement with activist investors Carl Icahn and Darwin Deason that also hands control of the US photocopier…

Erratic delivery of public investment has left Thailand plodding behind faster-growing Southeast Asian economies, yet regulations introduced by the military-led government have made it even…

Pakistan’s outgoing government expects the economy will grow at the fastest pace in more than a decade in the coming fiscal year, but economists are doubtful.

Standard Chartered Plc,…

The turbulence seen across emerging markets is following a similar pattern to a crisis that rocked global trading more than two decades ago.

Investors sorted Malaysia’s political haves from the have-nots on the first trading day after a shock election result, dumping shares in firms associated with supporters of ousted prime minister…

Ahead of the Thursday release of data for consumer price index by Nigeria’s National Bureau of Statistics, economic and financial analysts have projected that the downward streak the CPI had…

The Turnbull government’s proposed ban on cash payments above $10,000 is a disturbing breach of  right to privacy, an attack on the basic liberty of free exchange, and will worsen Australia…

Malaysia’s new government is girding for a volatile start to trading on Monday when local currency, debt and equity markets open for the first time since the stunning election defeat of the…

The Moroccan government is deeply concerned over an unprecedented popular campaign to boycott consumer goods from leading national companies marketing milk, mineral water and gasoline in the…

With global debt currently at a record high, the International Monetary Fund is launching a database of public and private borrowing across 190 countries–virtually the entire world–dating back…

The global balance of power is shifting. As the United States retreats from global leadership, China is expanding its international influence. Now, many in the West fear a China-led attempt to…

The Italian coalition taking shape 10 weeks after March’s inconclusive election has made economic promises that seem incompatible with Europe’s fiscal rules and will be hard, if not impossible,…

The Russian capital has climbed above Helsinki, Warsaw, Berlin and Stockholm to rank fifth among Europe’s most attractive cities for foreign investment, RT reported. The 2018/2019 ranking was…

The European Bank for Reconstruction and Development has upgraded its economic growth forecast for Egypt in the financial year 2017/2018 to 5.3%. The decision was attributed to an improved…

Researchers at the United States Federal Reserve suggest that higher US interest rates may reduce the gross domestic product of emerging nations.

Fed economists Matteo Iacoviello and…

Oman has been urged to prioritize economic reforms that promote private sector development, productivity and competitiveness after overall real GDP growth turned negative in 2017 because of a…

A leading index that gauges the direction of South Korea’s economy fell below the break-even 100 mark in the first two months of this year, which could bode ill for Asia’s fourth-largest economy…

There is growing recognition that regional cooperation is a crucial driver of growth. One should now also recognize if regional trade networks are to yield the intended benefit of inclusive…

German unions and employers on Saturday reached an inflation-busting pay hike of roughly 6% for more than 800,000 construction workers, the strongest wage deal sealed so far this year in Europe’…

US Consumer sentiment was slightly higher than anticipated in the beginning of May, coming in line with revised April results, CNBC reported. The University of Michigan’s Friday report on…