The European Bank for Reconstruction and Development has revised up economic forecasts for 2018 as a broad-based recovery continues across its regions, bolstered by stronger investment activity…
World Economy
Turkey’s economy will grow 4.7% in 2018 and 4.4% in 2019, according to the World Bank. In 2020, the economy will grow 4%, according to the bank’s Europe and Central Asia Economic Update report…
A United Nations agency said on Tuesday an “unjust” US financial and trade embargo on Cuba had cost the country’s economy $130 billion over nearly six decades, coming up with the same estimate…
China is implementing more than 460 billion yuan ($72.2 billion) in tax cuts annually, potentially to ease the impact of US trade restrictions on Chinese businesses, particularly in…
The Philippine trade deficit expanded to $2.61 billion in March as imports continued to outpace exports, the Philippine Statistics Authority reported Wednesday, prompting Economic Planning…
Sub-Saharan African nations are at growing risk of debt distress because of heavy borrowing and gaping deficits, despite an overall uptick in economic growth, the International Monetary Fund…
The Trump administration on Tuesday began trying to convince US lawmakers to support $15 billion in spending cuts, which Democrats called a hypocritical bid to reclaim an image of fiscal…
A board member of South Korea's central bank said Wednesday that the country's inflation is low enough to maintain its accommodative monetary policy stance amid growing market expectations of a…
Argentina opened talks with the International Monetary Fund on Tuesday to seek a financial aid package, 17 years after the country defaulted on its debt and 12 years after cutting ties with the…
Beginning his new term in office, Russian President Vladimir Putin has made disengaging the US currency from the Russian economy one of his goals, stating that the dollar monopoly is dangerous.…
Commonwealth Bank of Australia has agreed to pay $25 million to settle charges brought against it by the corporate regulator, for rigging the bank-bill swap rate, or BBSW, to boost profits,…
World merchandise trade growth is expected to remain strong in 2018 and 2019 after posting its largest increase in six years in 2017, but continued expansion depends on robust global economic…
Australia’s government will balance its books earlier than expected thanks to a revenue windfall ahead of a looming general election.
The United Nations food agency said its chief would visit North Korea on Tuesday to look into boosting food distributions, in the latest sign of an opening in the isolated country.
Not too long ago the overwhelming consensus from the perennial Wall Street Carnival Barkers was that investors were enjoying a global growth renaissance that would last for as far as the eye can…
Siemens has reached an agreement in principle with trade unions about its plans to cut jobs and restructure its struggling Power and Gas and Process Industries and Drives businesses in Germany,…
A surprise jump in China’s April exports has caused its massive trade surplus with the US to grow further, putting additional strain on high-level trade talks next week aimed at avoiding a trade…
A gradual economic recovery is seen in India, as the corporate sector adjusts to Goods and Services Tax and infrastructure spending improves, a United Nations’ Economic and Social Survey of Asia…
Migrant workers from the Asia-Pacific region sent $256 billion home last year, but more needs to be done to cut costs and make money transfers easier, said a United Nations report on Monday.
Jean-Claude Juncker risks stirring up a hornets’ nest by including a small eurozone-focused budget in his blueprint for the EU’s long-term finances.
Hungary’s government is planning new fiscal stimulus measures to keep economic growth above 4%, a senior aide told Reuters late on Monday, ruling out a Polish-style conflict with European Union…
Emerging market central banks are facing their stiffest test since the 2013 taper tantrum. Investors are increasingly betting the US Federal Reserve will keep raising interest rates into 2019,…
Central banks and governments in Asia are becoming more comfortable with appreciating currencies, according to an analysis by the Institute for International Finance.
The African Development Bank seeks investments from global pensions and commercial financiers to help fund the continent’s infrastructure gap of as much as $170 billion a year. The Abidjan-based…
Air France shares went into a tailspin on the Paris stock exchange on Monday after the resignation of the strike-hit company’s CEO, AFP reported. Air France-KLM boss Jean-Marc Janaillac…
