The true cost of United States sanctions against ZTE is starting to emerge. In a stark announcement earlier this week, the Chinese telecom giant confirmed it was shutting down “major operating…
World Economy
Growth in Latin America and the Caribbean is picking up, thanks to stronger demand at home, and a favorable global environment helped also by rebounding commodity prices.
Bank Negara Malaysia expects Malaysia’s economic outlook to remain strong despite the post-14th general election environment, given its resilient and robust financial system, NSTonline reported…
Ethiopia’s economy needs to focus more on streamlining tax payment, increasing domestic input supply, and maximizing export markets among others to maintain its momentum as the fastest growing…
A retarded growth in manufacturing output slowed India’s overall industrial production expansion to 2.7% for May, against 4.1% in April, official data showed on Friday, IANS reported.
Foreign companies are now allowed to invest in Myanmar’s retailers and wholesalers, including holding 100% stakes, as the country makes efforts to lift foreign investment amid the Rohingya…
A study by two British economists this week estimated that the reconstruction of North Korea to bring it into alignment with South Korea in the case of reunification would cost at least $2…
Turkish President Recep Tayyip Erdogan on Friday declared that interest rates were the “mother and father of all evil”, a controversial comment that prompted a sharp loss in value of the Turkish…
Egypt’s credit-rating was upgraded one notch by S&P Global Ratings, which cited strengthening economic growth and rising external foreign exchange reserves.
Long-term rating was…
The economic recovery is starting to consolidate in Europe. Now, after many years of intense debate and some important reforms, like the progress towards banking union, the world runs the…
American poet and civil-rights activist Maya Angelou’s immortal words, “In diversity, there is beauty and there is strength,” fit well with the cultural and industrial diversity of Southeast…
China’s broadest measure of new credit exceeded estimates and loan growth picked up, signaling that the economy remains robust into the second quarter.
- Aggregate financing stood at 1.…
While the US economy is strong, a creeping decline in foreign investment indicates that eurozone investors are growing weary of US debt. Foreign investors are buying less and less American debt…
Romania’s exports increased by 9.8% in the first quarter of this year compared to the same period of last year, to almost €17 billion ($20.26 billion). However, imports continued to grow at a…
Sri Lanka expects the economy to grow 3.7% in the first quarter of 2018 driven by service sector expansion, Central Bank Governor Indrajit Coomaraswamy said Friday, Economynext reported. The…
Hong Kong’s trade-reliant economy grew at the fastest pace in nearly seven years in the first quarter, on the back of strong exports and consumption.
The government said on Friday that…
Nigeria will probably maintain its system of multiple exchange rates, which the International Monetary Fund has long-urged it to scrap, until at least early 2020, according to Moody’s Investors…
Royal Bank of Scotland has agreed to pay a smaller-than-expected $4.9 billion to resolve a US investigation into its sale of mortgage-backed securities, paving the way for a long-awaited return…
International Monetary Fund chief Christine Lagarde said on Thursday she is ready to aid Argentina and wants talks on a financing package to be finalized quickly.
Lagarde said she…
Japan’s economy likely shrank in April-June as exports slumped and consumers cut back on spending, a Reuters poll showed, boding ill for Prime Minister Shinzo Abe’s policy drive to lift the…
Leading up to Iraq’s parliamentary elections on Saturday, on the minds of citizens casting their ballots may well be the over $320 billion missing from the country’s economy, the Commission on…
Some of the most positive labor-related figures in recent memory have been released this week. After years of strife, with many workers forced abroad in search of a job or into unemployment, it…
Greece’s exit from a bailout program instituted by the eurozone and International Monetary Fund looks set to proceed in August, Luxembourg Finance Minister Pierre Gramegna said on Friday.
One of the world’s best known investment gurus sounded an ominous warning Thursday on the next market downturn, suggesting it would be unlike anything he has ever seen.
Portugal’s unemployment rate fell to 7.9% in the first quarter from 8.1% in the preceding three-month period, and was well below 10.1% in the same period of 2017, official data showed on…