The Bank of Italy said on Friday economic growth and industrial output probably slowed during the first three months of the year compared to the end of 2017, Reuters reported. “During the first…
World Economy
China’s trade surplus with the US surged by a fifth in the first three months of the year with China calling on Washington to be patient as tensions between the economic superpowers simmer.
There is a growing gap in access to online commercial trade between developed and developing countries, potentially exacerbating existing inequalities as the world economy increasingly moves…
The new round of US sanctions against Russia will have a “severe effect” on targeted companies and will limit Russia’s potential economic growth, Fitch Ratings said on Friday.
Singapore’s central bank tightened monetary policy for the first time in six years on Friday, saying the city-state’s economy is expected to continue growing steadily even as it acknowledged…
A rebound in Oman’s economy on the back of the rising oil prices will support stronger deposit and asset growth this year for the sultanate’s lenders, who also stand to benefit from a rise in…
Escalating tensions between the US and China could hurt a global trade expansion that’s already expected to be lower this year than in 2017, the World Trade Organization said Thursday.
Some 45% of people living in Saudi Arabia do not save, or cannot save, any money at all out of their monthly income, according to a new survey of attitudes towards saving and investment among…
EU regulators urged banks, investors and customers to take “timely action” to avoid disruption to cross-border derivatives and insurance contracts caused by Brexit. Britain leaves the EU in…
Manufacturers in Asia have become less optimistic about their output in the coming months as escalating trade tensions cast doubt over the regional economy.
International Monetary Fund Chief Christine Lagarde on Wednesday issued a stern warning to governments to avoid undermining global growth with protectionist trade policies.
German insurance company Allianz Group has invested $35 million in Go-Jek, a welcome boost for the Indonesian ride-hailing platform amid fierce competition in its home country with Singapore-…
Morocco’s economy grew 2.9% year-on-year in the first quarter of 2018, down from 3.8% in same period last year, after a drop in agricultural output, the country’s High Planning Commission said…
South Africa’s recent economic growth turnaround is unlikely to last as 2017’s boom fades and the outlook for reform remains murky, the central bank said late Tuesday, Reuters reported. The…
The trade fight between the US and China is posing a dilemma to the European Union: Should the world’s largest trading bloc pick a side? And, if so, which one?
South Korea›s jobless rate has risen to the highest level seen in 17 years for the month of March. Analysts say the decrease in employment is mainly due to the minimum wage hike introduced…
As Brazil continues to benefit from the return of growth and curbed interest rates and inflation, the Sao Paulo Stock Exchange has seen an unprecedented growth curve. In addition to achieving…
The US government is spending more than it earns, a trend that looks set to continue if the latest projections from the bipartisan Congressional Budget Office are anything to go by. According to…
Sprint Corp has restarted talks to merge with T-Mobile US Inc , people familiar with the matter said on Tuesday, the latest effort to bring together the fourth and third largest US wireless…
The Asian Development Bank raised its 2018 economic growth estimate for developing Asia to 6% from 5.8%, citing solid export demand, but said US protectionist measures and any retaliation…
France’s economy grew less quickly in the first quarter than previously thought, the Bank of France said on Wednesday, largely due to a slowdown in manufacturing activity. The central bank cut…
Global rating agencies Moody’s Investors Service and Fitch Ratings said on Wednesday the proposed US tariffs will have limited direct impact on China’s economy and a negotiated solution is most…
International Monetary Fund Managing Director Christine Lagarde said that global economic recovery is taking root, Reuters reported. Some industries in advanced countries had been affected by…
The European Central Bank’s top officials lined up to express cautious confidence in the euroarea economy after a series of reports pointing to a surprisingly weak start to the year, while…
Norway’s $1 trillion sovereign wealth fund, the world’s largest, should not be given permission to invest in unlisted companies, the finance ministry said in recommendations to parliament on…
