World Economy

Japan and EU held crunch talks with their US counterparts in Brussels on Saturday hoping to get “clarity” on President Donald Trump’s controversial new steel and aluminum tariffs.

Trump’…

Guo Shuqing, chairman of the China Banking Regulatory Commission, and Pan Gongsheng, a deputy governor of the People’s Bank of China, both raised red flags this week on the sidelines of the…

Bank Indonesia, the country’s central bank, estimates that the current account deficit will widen to 2.1% of gross domestic product from 1.7% last year, due to the continued deficit in…

The gap between the really rich and the merely rich continues to widen, as fortunes soar to new heights. A record 2,208 billionaires made Forbes’ 32nd annual ranking of the world’s billionaires…

The European Central Bank dropped its easing bias on Thursday, fueling expectations that it will normalize monetary policy in the euroland.

Until now, the ECB has stated that it stands…

While the synchronized global economic expansion is helping get people back into work and forcing interest rates to rise, there is a sense of deja vu brewing about two notable parts of the world…

World Trade Organization members still have time to discuss the US tariffs on steel and aluminum imports signed by President Donald Trump on Thursday, and it is up to them what happens next, WTO…

The trade deficit for the UK widened by £3.4 billion ($4.7 billion) in the three months to January 2018 to £8.7 billion, as imports of fuels to the country rose, BBC reported. The trade deficit…

Metals hit multi-month lows on Friday on concerns about escalating trade tensions after the United States announced tariffs on steel and aluminum imports, Reuters reported. US President Donald…

Qatar’s trade surplus expanded about 28% year-on-year to QR35.83 billion ($9.84 billion) in the fourth quarter of 2017 as exports grew faster than imports, according to the official figures.

Currently, there is a huge risk of a financial crisis in Turkey. The rating agency Moody’s has further downgraded the country’s credit rating. The new credit rate was justified by the further…

The seasonally adjusted trade balance was unchanged at €21.3 billion ($26.21 billion), the data showed. The figures come one day after industrial orders slumped by a more than expected 3.9% in…

Middle East airlines posted the slowest regional cargo traffic growth in January, weighed by the challenging political environment in the Middle East, the International Air Transport Association…

The performance of the world’s best property stock this year may have nothing to do with real estate. Philippines-based Golden Haven Inc. has surged more than 1,400% this year, outpacing more…

Steel’s had a bad week. Prices in China have slumped as inventories rise in the country that makes half the world’s supply, and increasing US trade protectionism may only make matters worse.

Eleven nations signed a slimmed-down version of the Trans-Pacific Partnership trade agreement Thursday, moving to lower tariffs just as US President Donald Trump seeks to raise them after…

Japanese households increased spending but real wages continued to fall in January, government data showed Friday, painting a mixed picture of the economy.

French industrial production fell sharply and unexpectedly in January on declines in energy and manufacturing output, statistics showed Friday, MarketWatch reported. Industrial production in the…

The International Monetary Fund on Wednesday said Nigeria was slowly exiting recession but remains vulnerable because its growth is tied to oil prices with improved revenues restricted to the…

The European Commission said on Wednesday that 11 European Union states were experiencing economic imbalances that should be addressed and from among these Italy, Cyprus and Croatia had “…

The International Monetary Fund’s Managing Director Christine Lagarde said on Wednesday that nobody wins in a trade war and that the macro-economic impact of US tariffs on imports would be…

The US trade deficit rose in January to the highest level since October 2008, defying President Donald Trump’s efforts to bring more balance to America’s trade with the rest of the world.

The Organization for Economic Cooperation and Development, of which Latvia is a member, recommends that the country substantially raise its basic pensions to reduce old-age poverty and pension…

The Bank of Canada Wednesday maintained its target for the overnight rate at 1.25%. The bank rate is correspondingly 1.5% and the deposit rate is 1%, Bank of Canada press release said. In Canada…

Goldman Sachs has put more than a dozen UK-based banking, sales and trading staff on notice to move to Frankfurt within weeks, two sources with knowledge of the matter said, as it braces for…