World Economy

While the Polish zloty is not too strong yet, further “excessive” gains against the euro wouldn’t be good for the economy, Poland’s Finance Minister Mateusz Szczurek said.

“Significant…

Industrial production in the US continues to slow. In March, the industrial production figure came in at an annual pace of 2.0%, down from the previous month’s reading of 3.5%, while also falling…

The consumer market in the Philippines is becoming more robust and vibrant as economic growth swells the ranks of the middle class.

Employment has surged to an all-time high, and the unemployment rate has slipped to a near seven-year low, adding further evidence to suggest that the UK economy continued to grow strongly in the…

The Free Trade Agreement (FTA) signed between Pakistan and China has shown positive results as the bilateral trade volume increased from around $6b in 2006 to $16b in 2014, App reported…

Consumer prices in Hungary fell by an annual 0.6% in March following a drop of 1% in February, the Central Statistical Office said, NewsNow reported. Household energy and fuel prices were behind…

Saudi Arabia’s benchmark stock index sustained its upward trend for the second consecutive week, adding more than 300 points further, Arab News reported. Oil price stability is the main reason of…

Thousands of people marched in Berlin, Munich and other German cities on Saturday in protest against a planned free trade deal between Europe and the United States that they fear will erode food,…

The threat posed by Greece beyond its borders may have diminished but efforts to agree an economic reform program to free up bailout funds and avert default will capture world attention this week…

China’s central bank is to cut its bank reserve requirement ratio by one percentage point. The People’s Bank of China said that the new reserve requirement would take effect from Monday.

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ASEAN member countries are poised to become economic hotbeds, as the region is seen as the primary investment destination by Asia, Europe and others, says Malaysian Minister Datuk Dr Wee Ka Siong…

Saudi Arabia will open its $532 billion stock market to direct foreign investment on June 15, allowing qualified foreign institutions to buy shares from that date, the Capital Market Authority…

High utility prices in Rwanda are taking toll on manufacturing industry, forcing investors to push for incentives to make local industries competitive like their regional peers.

It is hoped…

The number of millionaires living in the UAE is forecast to grow by 15 percent to reach approximately 82,600 by 2017, according to a new report.

Growth will be constrained by the falling…

Kazakhstan wants to develop advanced transport infrastructure to become a key part of China’s future transport network from the Pacific Ocean to the Baltic Sea.

An expose published Thursday by the International Consortium of Investigative Journalists (ICIJ) and its media partners has revealed that in the course of a single decade, 3.4 million people were…

Long-term unemployment is rising in the EU and approximately 12 million EU citizens are a step closer to exclusion and poverty.

European stocks slid, posting the biggest retreat since they began rallying in January, as concern over Greek debt was exacerbated by declines in the US and Asia, Bloomberg reported. The Stoxx…

Lebanon Finance Minister Ali Hasan Khalil’s 2015 draft budget is not expected to be ratified by cabinet or parliament unless the bill is totally revised or amended to make it more realistic,…

Indian exports for 2014-15 fell short of the annual target by 11.52% as overseas shipments during March fell by as much as 21.06%, Business Today reported. Official figures released on…

China’s e-commerce giant, Alibaba Group, has been fined 800,000 yuan ($129,000) by the price bureau in eastern Zhejiang province for violations by third-party sellers during promotions on its e-…

The potential collapse of Comcast Corp.’s merger with Time Warner Cable Inc. wouldn’t just be a setback for those two companies. It would also unwind other pending deals and have a wide-reaching…

Leaders of two key panels in the US Congress agreed on a deal that would “fast track” President Barack Obama’s authority to finish negotiating the Trans-Pacific Partnership (…

The Group of 20 countries has criticized the United States for blocking reforms to both expand the International Monetary Fund’s resources and give China and other rising economies more say in the…

The German chancellor said Germany is interested in economic cooperation with Russia, despite the current political differences between the two countries.

The creation of a free trade…