World Economy

South Korea’s economic growth is expected to slow in 2015 from a year earlier due to slumping exports and anemic consumer spending, a leading think tank said Tuesday, Globalpost reported.

The European Central Bank’s trillion-euro quantitative easing program is already having a significant impact on the eurozone economy, a Reuters poll of money market traders found.

Saudi Arabia’s imports rose 1.6% from a year earlier in February, while non-oil exports dropped 19.9%, data from the Central Department of Statistics and Information, cited by Reuters, showed. Non…

United Parcel Service Inc. (UPS) plans to invest 1b euros ($1.06b) in Europe to expand its package delivery network, German magazine Wirtschaftswoche reported on Sunday, without citing its sources…

An Italian businesswoman visiting the country is eyeing Saudi investors to participate in the reconstruction of a football stadium at a cost of 45m euros ($47.7m) in the Italian city of Avellino…

The Bank of Japan raised its assessment for three of Japan’s nine regions, the most in more than a year, and maintained its rosy view for the remaining areas, signaling that the benefits of its…

The value of contracts placed in the (P)GCC will rise to $172 billion in 2015 despite lower oil prices, marking a value higher than in 2014 and a new record for the region, said an industry expert…

A total of 805 million people are chronically undernourished worldwide and hunger and under-nutrition reduce the global GDP by up to 3 percent, or the equivalent of $2 trillion every…

Italian industrial output rebounded by 0.6 percent in February after a 0.7 percent drop the month before, keeping hopes of economic recovery intact after a three-year recession, data showed on…

Ireland’s economy will continue to outperform the rest of Europe, growing by 5.4% this year, according to IBEC’s (the national voice of business in Ireland)  first-quarter economic outlook,…

Fresh data from the International Monetary Fund (IMF) show central banks worldwide reduced their euro holdings by the most on record last year, anticipating losses caused by massive…

Ratings agency Moody’s maintained Turkey’s ‘negative outlook’ and kept its credit rating unchanged as concerns prevalent among foreign investors persist.

Moody’s earlier said it won’t…

European stocks were little changed after equities topped a record.

The Stoxx Europe 600 Index rose 0.1 percent to 413.22 at 10:11 a.m. in London. Miners declined for the first time in five…

A Chinese economic slowdown will hit Australia as iron ore prices tumble, the World Bank says.

The bank noted that Australia’s growth pace had deteriorated sharply since the first quarter…

India’s visiting Prime Minister Narendra Modi and German Chancellor Angela Merkel have called for closer commercial cooperation between the two countries. India is the partner nation to this year’…

Rogue investors who ignored the negative hype about Russia, are smiling from ear to ear after the ruble gained about 6 percent this week.

The ruble surged 6 percent this past week, opening…

The Central Bank of Malta has just published  its annual report in which it describes Malta’s economy as resilient and better than the eurozone.

The Malta Central Bank report showed…

If the Bank of Japan’s core price gauge is anything to go by, inflation has all but disappeared. Try telling that to anyone who pays the bills, Bloomberg reported. The general public…

Investors will cast a wary eye on the latest gauges of the United States' economic health this week, while troubled Europe shows early signs of turning the corner.

Pakistan has raised a record $1.02b in the nation’s biggest asset sale by selling its entire stake in Habib Bank Ltd., the nation’s largest lender by assets, Bloomberg reported.

US-based Boeing has concluded an agreement with Panama’s Copa Airlines for a $6.6b purchase of 61 airline jets on the sidelines of the Summit of the Americas, AP reported. The deal for the 737-MAX…

The worst jobs report in more than a year was a warning shot across the economy’s bow and not a direct hit, the Treasury market decided, Bloomberg said. US 10-year notes dropped the most in a…

Traders who took advantage of the  Goods and Sales Tax (GST) to raise prices of goods are economic saboteurs, said Deputy Finance Minister Datuk Ahmad Maslan, Bernama reported.

At its most recent meeting, the board of the Bank of Japan has – unsurprisingly – reconfirmed its plan to print 80 trillion Yen per month to expand the country’s monetary base to give the economy…

After four disappointing years, Chinese economists have realized that slowing GDP growth — from a post-crisis peak of 12.8 percent in 2010 to about 7 percent today — is mainly structural, rather…