World Economy

Greek Prime Minister Alexis Tsipras urged his ministers on Tuesday to intensify reform efforts as the country heads towards the anticipated conclusion of a three-year bailout program in August…

Europe’s manufacturing boom stumbled in March as optimism waned and demand ebbed owing to a powerful winter storm, surveys showed on Tuesday, but expansion was still broad-based across the…

Brazil’s industrial output expanded in February at the slowest pace in five months, underscoring an uneven pace of economic recovery in the first quarter of the year, Reuters reported.…

Thai business associations raised their 2018 economic forecasts on Tuesday, citing stronger exports and increased domestic demand, Reuters reported. The upgrade suggests Southeast Asia’s second-…

Uganda’s optimism in the first quarter of the financial year 2017/18 has been replaced with fear of a slow growing economy. The central bank’s latest quarterly report dubbed ‘State of the…

Global stock markets fell for a second day Tuesday amid jitters about US-China trade tensions and mounting public scrutiny of technology companies.

China responded to President Donald…

Bangladesh has estimated 7.65% economic growth for the fiscal year ending June 30, heading for the fastest pace on record. The growth will accelerate from the previous record of 7.28% in fiscal…

If Saudi Arabia is acting a bit unhinged of late, it’s easy to see why: the kingdom is facing a host of troubles.

It’s been a dramatic reversal in sentiment for Canada’s consumers. The Bloomberg Nanos Canadian Confidence Index—a composite gauge based on survey questions—continued to tumble in March,…

Jorge Josifovich is silent and downcast as he walks under the pounding sun in one of Argentina’s most fertile agricultural regions, staring at soy crops parched by the country’s worst drought in…

India’s economic activity grew at a snail’s pace in five months according to data from an independent business survey. The Nikkei Manufacturing Purchasing Managers’ Index, compiled by IHS Markit…

For decades, many Latin America’s oil-producing nations have often shunned investment from foreign firms, instead keeping their vast reserves under the tight control of governments and state-run…

SWIFT gpi has taken the correspondent banking world by storm with about 11,000 banks in the SWIFT network. However, Ripple is said to offer superior technology and data to SWIFT. While many…

Russia appears to be positioning itself to regulate Initial Coin Offerings, refraining from an outright ban, as the world’s biggest country by territory looks to benefit from the surging…

Manufacturing saw its 19th straight month of improved conditions in March, with the Purchasing Managers’ Index edging up to 53.0 from an earlier 52.7. This was a notch faster than economists’…

Barclays has agreed to pay $2 billion for allegedly causing billions of dollars of losses to investors by engaging in a fraudulent scheme to sell residential mortgage-backed securities between…

The Lebanese government will this week seek pledges worth billions of dollars of low-interest-bearing loans from international bodies at a summit in Paris on April 6. Ministers and investors…

With credit card delinquencies rising sharply at smaller banks, Societe Generale's uber-bearish strategist Albert Edwards has predicted that the US economy is headed for recession.

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The world’s reliance on energy sources like oil and coal, some of the main culprits behind pollution, is dwindling, according to the World Bank.

Solar panel makers are looking beyond the US to emerging markets, where demand for renewable energy is soaring, following American President Donald Trump’s decision to impose safeguard tariffs…

Nigeria’s state revenue for February of this year edged up by 19 billion naira ($53 million), though chaotic fiscal management has meant that its budget announcement has been pushed back yet…

Turkey posted surprisingly strong economic growth last year, official statistics show, confirming the country’s status as one of the world’s fasted growing economies.

Following the meeting between Chinese President Xi Jinping and North Korean Leader Kim Jong-un in Beijing last week, it seems China’s position vis-a-vis issues related to Pyongyang is getting…

Japanese business sentiment worsened for the first time in two years in the three months to March, a closely watched central bank survey showed on Monday, suggesting the strong yen is taking a…

Workers at troubled Kumho Tire have approved the company’s acquisition by Chinese peer Qingdao Doublestar after a standoff that went down to the wire, saving South Korea’s No. 2 tire maker from…