Vietnam’s trade surplus this year could reach a record $1.98 billion, with exports hitting 150.04 billion, Business Times reported. This year’s surplus will be the third in a row. In 2013, Vietnam…
World Economy
Singapore industrial production declined unexpectedly in November, a monthly report from the Economic Development Board revealed Friday, Instaforex reported. Industrial production was down 2.8…
Joining the Eurasian Economic Union (EEU) is not on the agenda of Azerbaijan, Foreign Minister Elmar Mammadyarov said.
“Azerbaijan has not received an official application to join the…
The Serbian parliament passed a 2015 budget aimed at halving a record deficit likely to reach 8 percent of GDP this year, with the economy forecast to contract 0.5 percent, AFP reported. The…
In order to achieve 6% growth of Kazakhstan’s economy about 10 thousand new jobs should be offered annually, President Nursultan Nazarbayev was quoted by AKI Press as saying. One job in industry…
US surgical implant maker Stryker Corp. is planning a takeover offer for British medical device maker Smith & Nephew that could happen in the coming weeks, Bloomberg reported, citing people…
An armored cash transport vehicle spilled its load of banknotes onto a Hong Kong highway on Wednesday, resulting in a scramble of onlookers grabbing bundles of …
With inflation showing clear signs of picking up, Russia’s Central Bank on Wednesday launched another initiative to shore up the ruble, offering hard currency loans to help companies and banks…
The sharp decline in world petroleum prices is threatening to undermine the fragile economies of several African countries dependent on oil for their sustained growth, IPS reported.
The…
French jobless claims rose to a record after President Francois Hollande failed to revive the nation’s economy in the first half of his mandate.
The number of people actively looking for…
In Saudi Arabia, where the currency has been fixed at about the same rate for 28 years, even the tiniest swings in the futures market reflect concern the peg will be broken. So the 0.2 percent…
The value of trade between Ghana and China reached $4 billion as at the end of September making China the single biggest trading economy with Ghana.
Most of the goods that Ghanaian…
Switzerland’s KOF leading economic indicator edged lower in December, suggesting the country won’t be able to shrug off the economic malaise in the eurozone, which buys more than half of the…
The Netherlands economy grew just 0.1 percent in the third quarter of 2014 compared with the previous three months, revised figures from the central statistics agency showed on Wednesday. The…
The leaders of Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan have sealed a deal to introduce a Eurasian Economic Union which will come into existence on January 1 alongside a joint security…
China will abolish a dual-track pension system that favors government employees and discriminates against others to create a fairer retirement-savings system.
China is losing more than $10 billion a year from its expressways, state media reported on Wednesday, despite levying hefty tolls on the world’s largest highway network. China spent $69 billion (…
Sluggish economic condition in the 2012-2013 period hindered the creation of new companies and caused more existing firms to shut down in South Korea, government data showed Wednesday.
The Banco Central (BC, or Central Bank) of Brazil released its fourth quarter inflation report Tuesday, forecasting the annual GDP growth for 2014 at 0.2 percent. The estimate is higher than…
The year 2014 could go down in history as the turning point year for manufacturing. If, and only if, the sector’s share in India’s gross domestic product starts inching towards 25 percent over the…
Taiwan’s Ministry of Economic Affairs (MOEA) approved 3,223 foreign direct investment projects (except from China) with a total value of $4.433 billion in January-November 2014, respectively…
The growth in wages will continue to stall in 2015 as the UK economy grows at a slower rate, ShareCast reported. Mark Beatson, chief economist for Chartered Institute for Personal Development…
US plane manufacturer Boeing and Kuwait Airways have finalized an order for 10 777-300ER aircraft, valued at $3.3 billion, Arabian Business reported. Boeing said that the order underlines the…
At the 2014 BRICS summit in Fortaleza, Brazil, the group announced its impatience with failed reform within the International Monetary Fund: “We remain disappointed and seriously concerned with…
As part of the government initiative to help end the economic recession, the minister of industry, mine and trade, Mohammadreza Nematzadeh in a recent meeting with senior bankers made some…
