Bank of Japan Gov. Haruhiko Kuroda, who began his second term almost a month ago, now has more than low inflation to battle. He also has to deal with the side effects of the massive amounts of…
World Economy
To deal with a familiar combination of falling currencies and uncertainty about economic growth, Asian central banks are reverting to their classic policy playbook. They are intervening in…
China has recorded its first quarterly current account deficit in nearly 17 years, ending its dream run of accumulating trade surplus as a top exporter for a period during which it amassed the…
The performance of Kenya’s private sector improved to the greatest extent since January 2016 in April this year, Markit Stanbic Bank’s Kenya Purchasing Managers Index survey revealed late Friday…
Economic reforms in Egypt are starting to bear fruit, with the domestic deficit shrinking by 67% in the current fiscal year, Bloomberg said. The victory of President Abdel Fattah al-Sisi in the…
Saudi Arabia’s banks are preparing for muted lending growth this year, providing a reality check on the state of the country’s economy and government efforts to stimulate growth, Reuters…
The election, three years ago, of the modernizer Mauricio Macri as president was hailed as proof that what was once Latin America's richest economy was getting back on its feet. Now, after the…
Greece›s four biggest banks said on Saturday that no new funding plans were needed after stress test results showed they would lose around €15.5 billion ($18.57 billion) of their capital by 2020…
Wells Fargo says it has agreed to pay $480 million to resolve a class-action lawsuit brought by shareholders who claim the bank misstated or failed to disclose details about its sales practices…
The long-awaited 2018 edition of the US’ Congressional Budget Office’s Budget and Economic Outlook was released this month. It does not paint a rosy picture of the nation’s fiscal future,…
Azerbaijan’s unemployment rate increased from 4.94 to 4.96% between September and December 2017. According to data research company CEIC, the average rate of unemployment of the country is…
US President Donald Trump may have extended the grace period by one month, but make no mistake about it, he’s still holding a gun to Europe’s head in the tariffs dispute. The EU shouldn’t have…
India tops the list of the fastest growing economies in the world for the coming decade and is projected to grow at 7.9% annually, ahead of China and the US, according to a Harvard University…
Shares in rival wind turbine makers Siemens Gamesa and Vestas fell on Friday as a squeeze on prices caused by reduced state subsidies took its toll on quarterly profits.
Philippine consumer prices accelerated in April at their fastest pace in at least five years, raising the prospect of monetary policy tightening as early as next week, some economists said.
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France's trade deficit widened unexpectedly in March as import growth outpaced that of exports amid a dearth of aircraft sales, seasonally-adjusted data published on Friday by the customs office…
More than 1,100 economists on Thursday warned President Trump and Congress that protectionist trade policies will endanger economic growth.
Rising US interest rates threaten to spark upheaval in Southeast Asian financial markets if investors pull out of the fast-growing region, cutting off fuel to a critical engine of global…
The world economy showed signs of stabilizing after a recent moderation as manufacturing activity strengthened for the first time this year.
From economists to small business owners, Swedes are worried that their central bank’s policies are undermining their currency. The krona has plunged more than 10% against the euro since the…
While Turkey nears the June 24 election day, the lira continues to tumble, growth decelerates, the trade deficit is widening, inflation is surging and the country’s sovereign debt profile…
The EU warned Thursday that a rise in trade protectionism exemplified by the Trump administration’s tariffs was the biggest threat to eurozone growth despite solid economic forecasts for the…
Japan’s six-year economic recovery likely stumbled in the January-March quarter, as exports of electronic parts and other items stalled while rising prices for everyday goods turned off…
HSBC Holdings posted on Friday an unexpected 4% drop in first-quarter pre-tax profit due to a surge in investments, missing estimates, and announced plans to initiate a new share buyback of up…
Trade in Asia has been growing at a consistently fast clip since 2017 but could be disrupted if disputes escalate, Asian Development Bank President Takehiko Nakao said Thursday as the regional…
