World Economy

Private-sector environmental initiatives are being hampered by banks’ reluctance to finance clean-energy enterprises.

The Kenyan shilling is sliding amid serious inflation in the Kenyan economy, one of the largest in Africa.

The free trade agreement between Vietnam and the Eurasia Economic Union (EAEU) was signed in Burabai, Kazakhstan on Friday after more than two years of negotiations, opening up a new chapter in…

Rafidain Bank announced on Saturday, an ongoing bilateral cooperation with the International Monetary Fund (IMF) in the context of providing advice regarding the development of the work of banks…

Short term policies could stabilize China’s slowing economy in the second half of this year, but for growth to make a lasting recovery Beijing should foster new sectors and innovation, a…

Germany’s Chambers of Commerce and Industry has warned that a UK exit from the European Union (EU) would be “disastrous” for Britain and Germany.

Volker Treier, deputy chief executive of…

Sukuk issuance by governments around the world is expanding, helping to bring Islamic finance into the mainstream. But in one respect, the sovereign issues are proving a disappointment: they are…

Brazil used to have one of the world’s fastest-growing economies, but now it’s a basket case. Just five years ago, Brazil was being touted as an emerging new world power, with a booming economy…

By posting 7.5% GDP growth for the January-March 2015 period, India has emerged as one of the world’s fastest growing economy, outstripping China’s 7% growth in the same quarter, according to data…

Turkey’s trade deficit has witnessed a significant reduction in April mainly driven by a jump in gold exports and lower energy imports, according to official data, Bullion Street reported. The…

The World Bank Group’s board of executive directors Saturday approved a loan of $124 million to improve the performance and efficiency of public transport in a high-priority corridor in Ho Chi…

“Bulgaria appears to be in the ‘happy medium’ in our group of country members of the International Monetary Fund (IMF), which has a real GDP growth of 57% in the period after 1999 and a total of…

Among the general youth population in Europe, immigrants and women face even higher unemployment rates. European youth are the most likely to be unemployed, work part-time, have “flexible”…

Ahead of President Pranab Mukherjee’s visit to Sweden, the union cabinet on Saturday approved signing of an agreement between India and Sweden to promote cooperation in micro, small and medium…

Greece’s government is confident of reaching a deal with its creditors this week and is open to pushing back parts of its anti-austerity program to make that happen, the country’s interior…

British banks have allegedly been party to corrupt transactions worth millions of dollars linked to FIFA, according to legal papers from the US Department of Justice (DoJ).

Barclays and…

Austria has unveiled plans to repatriate billions of dollars’ worth of its gold reserves back from the UK, becoming the latest country keen to bring its gold home, CNBC reported.

Finance chiefs from the Group of Seven industrial nations agreed on Friday that including China’s renminbi in the International Monetary Fund’s currency basket is desirable, but a technical review…

China’s central bank has made the yuan Asia’s best-performing currency in the past year, rising in value against major currencies, in an effort to stem capital outflows and raise the Chinese…

The head of the European Union (EU) delegation to South Africa, Ambassador Roeland van de Geer, expects a quieter year in relations between the 28-member-country bloc and South Africa, following…

German retail sales rose faster than expected in April, supporting views that private consumption is likely to remain a solid pillar to economic growth in Europe's largest economy. Retail sales in…

Greece's fate in the euro area continued to cast a shadow over the second and final day of a Group of Seven finance ministers meeting in Dresden Friday with still no sign of a deal in sight.

The United Nations Food and Agriculture Organization (FAO) says the Asia Pacific has reached the target of reducing rates of hunger in the region, marking a key element in the UN’s Millennium…

The US economy likely contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls and a resurgent dollar, but activity since has rebounded modestly.

Australian bond futures prices have firmed on fears the nation is heading into a recession. Investors are still reacting to Thursday's poor business investment figures, UBS interest rate…