The International Monetary Fund said that Argentina, censured for failing to meet its statistical quality standards, was making progress in improving the data but more was needed.
World Economy
A global anti-corruption group said that nearly $1 trillion was illicitly drained from developing countries in 2012, representing a record level of corruption, money laundering and false trade…
The ruble sank to a record, deepening Russia’s currency crisis, as people scrambled to convert their money into dollars after a surprise interest-rate increase failed to shore up investor…
China will establish three new free trade zones (FTZs), the government said Tuesday, more than one year after setting up the first in the commercial hub of Shanghai.
Commerce ministry…
Cyprus’s largest lender returned to the Nicosia and Athens stock markets Tuesday after a 21-month absence following a banking crisis that brought the island’s economy to its knees. But early…
A “phenomenal” rise in India’s gold imports is a concern and the government will watch the impact from a recent easing in gold import rules, Trade Secretary Rajeev Kher said on Tuesday. Gold…
Prime Minister Shinzo Abe on Tuesday stepped up pressure on business leaders to hike wages as he embarked on a renewed push to reinvigorate Japan’s economy after his weekend election triumph.…
Ukrainian Prime Minister Arseniy Yatsenyuk has urged NATO to do more to help his country’s military as it struggles to quell a pro-Russian insurgency. He also appealed to the European Union for…
The Belgian government is planning “many welcome measures to address the critical macroeconomic challenges facing the Belgian economy”, but it can do more, the International Monetary Fund (IMF)…
Businesses and organizations in the Middle East are failing to create professionals equipped with the necessary skills to head industry, according to a study by Mercer, a leading human resources…
China’s push to insert its stock market into the global financial system is coming too late for investors holding $1.7 trillion of developing-nation assets.
Economic activity in Brazil posted a surprise drop in October, after Latin America’s top economy barely struggled out of recession in the third quarter, central bank data showed on Monday.
A Paris summit in 2015 will face a tougher task to agree a UN deal to slow climate change after the hopes of many that cooperation between Washington and Beijing would be a magic key to end global…
The International Monetary Fund (IMF) said that the Algerian economy is picking up momentum, but it noted weaknesses due to falling oil prices.
Turkey’s unemployment rate rose to 10.5% in September compared with 10.1% in the previous month, the highest since February 2011, the Turkish Statistics Institute (TurkStat) said on Monday,…
Bangladesh planning minister, A.H.M. Mustafa Kamal fears the proposed salary hike of government employees will raise inflation. He prefers raising the salaries of public servants in stages to…
The Customs Union (Russia, Belarus and Kazakhstan) and Vietnam have finalized discussions on draft agreement on free trade and may sign the document in early 2015, Russia’s trade representation…
Average asking prices in all of London’s 32 boroughs have seen a drop. According to Rightmove’s House Price Index, the average asking price of a London home has dropped by more than £30,000…
The Indonesian rupiah Monday sank to its lowest level against the dollar since the Asian financial crisis 16 years ago, as emerging markets are hit hard by signs of recovery in the US.
Gold fell to the lowest in almost a week on speculation the Federal Reserve is moving closer to raising US interest rates amid an improving economy. Silver declined.
Currency volatility will continue to affect Asian units as both global and local factors will exert pressure in 2015, but the rupee will be comparatively better off in the region, says HSBC.
When word of an EU ban on high-power vacuum cleaners hit Eurosceptic British tabloids in August, "Hoovergate" brought home a dilemma for the bloc that goes well beyond house-proud devotees of deep…
Confidence among major Japanese manufacturers edged down in the three months to December, a quarterly central bank survey showed Monday, underscoring the lackluster state of the world’s third…
Cash-strapped Greece could face a funding shortage if early elections are held in the middle of delicate negotiations with EU-IMF creditors, the country’s finance minister warned Monday, AFP said…
The danger of economic collapse in Ukraine is not a tale spun by the “Kremlin,” as Kiev is about to face the 1990s all over again, Russian Prime Minister Dmitry…
