World Economy

To avoid the usual eclipse of smaller East Asian economies, look away for a moment from China's reforms-induced slower growth and Japan's monetary blind alleys.

What you will see then are…

Latin America is firmly on the economic radar of Asia in the post-global financial crisis world economy. Both Asia and Latin America have grown faster than the world economy.

Governments from Mongolia to Nigeria are creating new forms of insurance to protect the developing world’s small farmers, who are suffering especially badly from extreme weather events made worse…

European shares stalled and core bond yields held near lows on Monday following disappointing data from China, while Greek markets were volatile as the government pursued efforts to reach a…

According to UK Steel the main cause of this disappointing output result has been the growth in imports, which rose to take around 60% of the market compared with 56% in 2013, BBC reported.…

Thailand consumer price index in January 2015 fell for the first time in five years to 106.2 points, dropping 0.41% year-on-year and 0.59% from December. Somkiat Triratpan, inspector-general…

Vietnam’s economic growth will quicken to an annual rate of 5.4% in the first quarter ending March, a government thinktank forecast on Monday, Business Recorder said.

The trade balance improved to a Rand 6.85 billion ($590.6m) surplus in December after a revised R5.27b shortfall in November, according to data released by the South Africa Revenue Service (Sars…

Alibaba Group Holding Ltd. Chairman Jack Ma regained his spot as Asia’s richest person with a higher valuation for the company’s finance affiliate ahead of a stock sale that also created a dozen…

The risk of global deflation looms large for 2015 as surveys of China’s mammoth manufacturing sector showed excess supply and insufficient demand in January drove down prices and production.

The Bank of Tanzania (BoT) has said Tanzania’s current account deficit narrowed 11 percent in the year to November despite a sharp fall in gold exports as declining crude oil prices curbed the…

Croatian government is to erase the debts of some 60,000 poorest citizens. The “fresh start” scheme targets less than 1% of the entire debt, but is hoped to boost the economy in the long-term, RT…

The Russian central bank said on Monday it had sold $5m worth of foreign exchange on January 29 on behalf of the finance ministry. It did not make any interventions on its own account. The central…

US President Barack Obama’s fiscal 2016 budget would impose a one-time 14 percent tax on some $2 trillion of accumulated US corporate profits earned abroad and set up a 19 percent…

Russia’s inflation may hit about 12% (December on December) in 2015, Economic Development Minister Alexei Ulyukayev said, Tass reported. Russia’s inflation will rise to an annual rate of 13.1% in…

The city with the world’s tallest building can now boast that it’s home to the world’s busiest airport for international passengers, too, The Colombian reported. Dubai’s airport operator released…

A report published by the CATO Institute – a privately funded public policy research organization – lists Saudi Arabia as the most miserable (P)GCC country for 2014.

The European Central Bank (ECB) announced an expanded quantitative easing (QE) program on January 22. Starting in March 2015, the ECB will buy, on a monthly basis, Euro 60b worth of Euro Area…

US negotiators travel to EU headquarters in Brussels Monday to jumpstart talks on the world’s biggest-ever free trade deal, which after nearly two years remain bogged down by public opposition.

Getting reliable economic information out of Turkmenistan is difficult at the best of times, so if the gas-rich country is on the verge of a crisis, the secretive leadership is unlikely to drop…

Six decades ago, an agreement to cancel half of postwar Germany’s debt helped foster a prolonged period of prosperity in the war-torn continent. The new government in Athens says Greece – and…

Stating that both countries should have mutual confidence, External Affairs Minister Sushma Swaraj Sunday said that India desired to take economic ties with China to “a qualitatively new level”,…

Russian grain export duty takes effect on Sunday. Grain export duty makes 15% of customs cost of a grain batch plus 7.5 euro, but no less than 35 euro per one ton, Tass reported. The government…

South Korea’s exports declined in January to start the year on a weak note, adding pressure on the central bank to ease policy further to spur growth, Dow Jones reported Saturday. Exports fell 0.4…

Famed for his sharp business acumen and knack for perfectly timed investments, Hong Kong billionaire Li Ka-shing is shifting away from a slowing Chinese economy and bargain hunting in Europe.