World Economy

Indian government is “committed” to bringing down fiscal deficit in the medium term, a finance ministry official told Reuters on Wednesday. The government in its budget last month announced a…

Abu Dhabi consumer price inflation more than doubled in January as the UAE introduced a 5% value-added tax, with a weak real estate market preventing inflation from increasing even further,…

As if a brewing trade war wasn’t enough to worry about, investors also need to be alert to the threat of a major currency conflict.

The inflation in the largest economies in the world remains unchanged for the third consecutive month in January but is slowing down in rich countries, according to OECD data.

Fears over a looming trade war following the departure of a key White House adviser spooked emerging markets on Wednesday with stocks and currencies suffering, while investors in Turkey and…

Multinational companies have made such extensive use of Ireland to funnel royalties–a common way to shift profits and avoid tax–that these payments averaged 23% of the country’s annual gross…

In another sign that the “Asian century” has arrived, China is on course to overtake the eurozone in the size of its economy this year.

South Korea’s annual inflation accelerated modestly in February, boosted by a surge in fresh food prices over winter, but remains below levels that would have implications for monetary policy.…

Hungary’s economy will grow by 4% in coming years, will reach full employment by 2022 with rising wages, and does not need EU funds to succeed, Prime Minister Viktor Orban said on Tuesday,…

Share markets in Asia and Europe regained ground on Tuesday after US President Donald Trump faced growing pressure from political allies to pull back from proposed steel and aluminum tariffs and…

Consumer prices in the Philippines further rose at a faster pace in February as prices of food and beverage as well as “sin” products continued to increase partly as a result of the first tax…

After a year in the recovery ward, 2017 results show some banks are healing. The most serious illness, negative rates, is stubbornly resistant however. The danger remains that banks may not…

The World Economic Forum has led the creation of an industry consortium focused on improving the cybersecurity of financial technology companies, as collaboration between fintechs and financial…

Job vacancies in Germany hit an all-time high in the last three months of 2017, data showed on Tuesday, underlining the strength of a labor market that is pushing up wages and fuelling a…

The economic and financial impact on Qatar of a nine-month Saudi-led blockade is fading, but some risks for the Persian Gulf emirate remain, the International Monetary Fund has said.

Two cryptocurrency exchanges in India have halted trading because they fear a government crackdown. BTCXIndia, a platform for buying and selling ripple, and ETHEXIndia, where users can trade…

South African economic growth accelerated for the first year in four in 2017 as agricultural output surged following a recovery in output after the worst drought in more than a decade.

A year after an abrupt US withdrawal left a fledgling 12-nation Pacific trade pact for dead, the 11 remaining states will sign a revamped deal Thursday aimed at slashing tariffs.

The European Union intends to target €2.8 billion ($3.5 billion) of US goods ranging from T-shirts to motorcycles should President Donald Trump go ahead with his plan to impose a 25% tariff on…

Venezuela’s crumbling economy shrank 13.2% in 2017, the fourth year of a crippling recession in the OPEC nation, the opposition-led congress said late Monday.

The opposition has been…

Strong economic growth and rising wages in the Netherlands look set to drive up inflation to 2.3% next year, national forecasting agency CPB said on Tuesday, Reuters reported. The Dutch economy…

The month of February finished on a high note for the economy of Malta, as it received a double vote of confidence from two major rating agencies, Moody’s and DBRS.

For Japan’s mission to revitalize its once roaring economy, getting wages to rise is crucial. Conditions appear ripe for fatter paychecks: the tightest labor market since the 1970s, eight…

World shares were mixed on Monday as investors evaluated China’s annual economic growth forecast and pledges for further reforms. Italian shares slumped after uncertain election results paved…

The OECD published its Brazil 2018 survey just as the country released figures showing its economy grew 1% last year, its first year of expansion since 2014,OECD.org reported. The OECD report…