World Economy

Qatar’s steady economic performance has got further endorsement from the international rating agencies, which expect the government’s infrastructure plan to underpin economic activities in the…

An outdated financing rule is forcing Australian governments to turn their backs on tens of billions of dollars of economically viable infrastructure investments, according to a new study by the…

Many South Koreans blame the IMF for economic woes, but President Moon relies on the IMF formula for reducing inequality.

During the height of the 1997-98 Asian financial crisis, the…

Mexico saw record revenues from international tourism in 2017, netting 21.3 billion US dollars from the sector and up 8.3% from 2016, Tourism Minister Enrique de la Madrid said Thursday.

The founder of Zhejiang Geely Holding Group Co. has accumulated a stake worth about €7.3 billion ($9 billion) in Daimler AG, marking the biggest investment in a global automobile manufacturer by…

The world economy is at risk from a rising tide of government debt which is set to hit rich countries’ budgets, a shock report has warned. Bosses from the Organization for Economic Cooperation…

The European Central Bank said Saturday it has determined that Latvia’s crisis-struck ABLV Bank is failing or likely to fail, and the bank will be wound up under its home country law.

It’s looking increasingly likely Nafta talks will extend beyond a March target, meaning negotiators will have to deal with the added political uncertainty of a Mexican election campaign.

Russia received a long-awaited upgrade to its sovereign rating from S&P Global, a move set to bolster capital inflows into its financial markets just weeks before a presidential election.

Peru had a current account deficit of 1.3% of the gross domestic product in 2017, its smallest in the last eight years, thanks to higher revenues from its mining exports, the central bank said,…

Recently filed federal charges against President Donald Trump’s ex-campaign chairman Paul Manafort could also pose legal and regulatory risks for the banks that loaned him millions of dollars…

Mexico’s economy grew by 2% in 2017, down from 2.9% in 2016, due to less industrial activity linked to the United States, the country’s statistics bureau INEGI announced, Xinhua reported. In its…

Brazil is struggling to prove that it’s cleaning up corruption and fixing its economy. Latin America’s largest country had its debt downgraded deeper into junk territory on Friday by Fitch…

Federal Reserve policymakers are fretting that they could face the next US recession with an arsenal of policies little different from that used in the last downturn but robbed of much of their…

Two international credit agencies, Moody’s and DBRS, have given an upgrade in Malta’s economic rating, reports published on Friday show.

In a statement, the government said that after…

The remaining members of the Trans-Pacific Partnership trade pact will soon sign a revised agreement, but the big question remains whether local politics—like those in the US—will once again…

On the morning of February 16, India’s second-largest state-run bank, Punjab National Bank, quietly announced to stock exchange authorities in Mumbai, that it has been defrauded of $1.8 billion…

US businesses and diplomats are pressing India to cut tariffs, industry and government sources say, after New Delhi’s move, to increase customs duties on dozens of products to help its flagship…

Pakistan will be placed back onto an international terrorism-financing watch list from June, according to a person with direct knowledge of the matter, a move that may hinder the country’s…

Released within 24 hours of each other this week, the minutes of the Federal Reserve and the European Central Bank policy meetings in January make for a fascinating “compare-and-contrast”…

Nigeria’s biggest bank by revenue expects lending to accelerate and bad debts to drop this year as growth in Africa’s largest economy picks up, Bloomberg reported. “The current macro environment…

Fitch, the ratings agency that cut South Africa’s sovereign credit rating to junk status in April shortly after former president Jacob Zuma appointed Malusi Gigaba as finance minister, on Friday…

A stronger dollar and slightly higher global borrowing costs kept world shares subdued on Friday and left gold limping toward its worst week since December.

Europe’s main London,…

Inflation is expected to rise to 3.3% in the UAE as the 5% value-added tax in place since January and higher oil prices will trickle down to make goods and services dearer, BMI Research said in…

Global businesses are losing the equivalent of nearly 1% of global gross domestic product a year to cybercrime, and it’s impacting job creation, innovation and economic growth.