The Taliban insurgency may still be raging but the poor state of the economy could pose a bigger threat to Afghanistan’s long-term viability, and huge mineral reserves are unlikely to offer a…
World Economy
China’s growth engine looks to have ended last year on a flat note as its massive factory sector sputtered in December, though ebbing price pressures also offered scope for more policy stimulus…
It may be a bumper new year for the job market, with India Inc planning to create close to 10 lakh (1 million) new jobs and dole out pay hikes of up to 40 percent for best performers in 2015.
The energy-rich Turkmenistan Thursday devalued its currency against the US dollar by 18%, in the latest sign of contagion among Russia’s neighbors from the plunging ruble, AFP reported. The…
Indonesia’s inflation rate shot up in December and its trade balance swung to a deficit after the country’s new president hiked fuel prices by 30% a month earlier. December inflation jumped to 8.…
Russia’s economic turmoil has sent shock waves across former Soviet republics as the ruble’s collapse pushes the crisis into the region with strong ties to Moscow, analysts said.
A Chinese factory gauge sank to a seven-month low in December, holding near a preliminary reading and putting pressure on policy makers to provide more support for the world’s second-largest…
The world’s economists are worried. Prices, you see, might be dropping. As in everyday items getting cheaper. It’s known as deflation and, despite any excitement you might have at spending less on…
Despite a lackluster year for hedge funds in 2014, research firm eVestment said wealthy investors are set to invest at least $90 billion into hedge funds in 2015.
Researchers said…
Egypt has paid $2.1b of its debt to foreign energy companies, leaving $3.1b still owed, Oil Minister Sherif Ismail said in a statement on Wednesday, Reuters said. Egypt made earlier payments of $1…
Cuba said it welcomed a record 3m international visitors in 2014. “Today we have broken a record. We have welcomed three million international tourists in 2014, up 5.3% from last year,” AFP quoted…
European equities and related exchange traded funds could outperform in 2015, capitalizing on lower energy prices, an improved export outlook and potentially more European Central Bank easing.…
South Korea’s inflation rate hit its lowest point for 14 months in December, reflecting plunging oil prices, state data showed Wednesday, AFP said. Consumer prices in December rose 0.8% from a…
Lithuania switches over to the euro on Thursday, becoming the last Baltic nation to adopt Europe’s single currency, as it hopes to boost stability despite fears of inflation and eurozone debt woes…
On 31 December Belarus honored its obligation to repay a standby loan taken from the International Monetary Fund (IMF) by transferring 54.7 million SDR as the next installment to repay the…
The world economy in 2014 witnessed faltering growth in the euro area, plummeting oil prices, and flaring geopolitical tensions that posed unforeseen challenges to global recovery.
Singapore’s economic growth cooled in 2014 and the nation will experience slower expansion than it’s used to, Prime Minister Lee Hsien Loong said.
Gross domestic product rose…
Ibrahim Caglar, the head of the Istanbul Chamber of Commerce said that Turkish businesses expanded at reasonably healthy pace in 2014, in spite of geopolitical and economic hurdles.
The Indian government issued an executive order to make it easier for companies to buy land and eventually replace a law that has hindered manufacturing and constrained economic growth, Bloomberg…
Indonesia will cap the diesel subsidy and scrap aid for gasoline beginning January 1, the biggest changes to a decades-old system that has tied up budget funds and bloated energy imports,…
OPEC member Algeria will post a 41.7b euro ($51.2b) deficit next year due to the sharp fall in oil prices, according to a budget bill signed Tuesday by President Abdelaziz Bouteflika, AFP reported…
The nearly 50 percent plunge in the price of oil during the past six months is expected to leave oil-rich Saudi Arabia with its first budget deficit since 2011 and the largest in its history.
Chinese smartphone maker Xiaomi has become the world’s most valuable technology start-up just four years after it was founded.
The firm raised $1.1b in its latest round of funding, giving…
The Brazilian government said it will limit unemployment and pension benefits, in a move that aims to shore up depleted finances and regain investor confidence.
The Telecommunications Regulatory Authority (TRA) announces that the UAE has made significant progress in its global ranking in the ICT Development Index (IDI).
