World Economy

The Asian Development Bank expects India’s growth to pick up in the coming financial year ending March 31, 2019 to 7.3% from 6.7% in the current year, said the bank’s Vice-President Zhang Wencai…

General Motors has offered to convert debt of around $2.2 billion owed by its ailing South Korean operation into equity in exchange for financial support and tax benefits from Seoul, four…

The World Bank country director for Ghana, Henry Kerali, has advised that the government turn its attention to reducing food imports so as to revitalize the agricultural sector, which can…

Indonesia is foregoing billions of dollars on offer from American companies eager to invest in Southeast Asia’s biggest economy, US ambassador to Indonesia, Joseph Donovan, said.

A six-day rebound in world stocks began to splutter on Tuesday, as bond market borrowing costs regained traction and the dollar kicked firmly away from a three-year low.

The European Commission is mulling concrete countermeasures, should the United States impose high tariffs on steel and aluminum imports, newspaper reports have indicated. Brussels has no…

Deutsche Bank is cutting at least 250 investment banking jobs in locations including London and the United States as it seeks to keep a lid on expenses amid a sustained slide in its securities…

Over the past few years, the African Development Bank has confirmed its position as Africa’s premier development finance institution, generating significant impact on the continent’s economic…

The Argentine economy grew “close to 2.8%” last year, Guido Sandleris, head of the advisory body to the treasury ministry, told a gathering of Japanese business leaders on Monday.

The…

The White House released a report that found that the economic costs of “malicious cyber activity” in 2016 were between $57 billion and $109 billion. The estimate comes in a Council of Economic…

Identifying territories where rural poverty is most entrenched in Latin America and the Caribbean to apply new tools and innovative policies to combat hunger is the new strategy that will be…

Bank of Uganda announced a cut in the Central Bank rate by 0.5 percentage points to 9% in the next three months as a measure for boosting private sector credit uptake and economic activities,…

Slow credit growth driven by weak credit demand in UAE in 2017 is expected linger on this year, economists and analysts have said. UAE Central Bank data on credit growth released in December…

India’s coal import increased by 12.4% to 18.49 million tons in January, against 16.44 MT in the same month of the previous fiscal, according to m-junction, a leading name in the e-auction space…

Tighter restrictions on foreign labor in Malaysia and Thailand have pushed out millions of Southeast Asian migrant workers, driving up wages and potentially threatening a growth model reliant on…

The Bangko Sentral ng Pilipinas said it was reducing banks’ reserve requirement ratio by 1 percentage point beginning March 2, a move that could pump between “P80 to P100 billion” into the…

A report by the International Monetary Fund showed Sunday that South Korea’s potential growth rate will hover at low 2% levels in the 2020s and dip to the 1% range in the 2030s due to various…

Zimbabwe has become a magnet for billionaire global firms such as General Electric and the Enel Group of Italy, in what is seen by observers as a massive vote of confidence in the country’s…

Large-scale manufacturing shrank for the second consecutive month posting a negative growth of 1.4% year-on-year in December 2017, Pakistan Bureau of Statistics data released on Saturday showed…

Swiss Financial Market Supervisory Authority, a Swiss government body responsible for regulating banks, insurance companies and all the other financial institutions in Switzerland announced…

Amid stalling inflation and ballooning government spending, the Japanese government is growing more dependent on the Bank of Japan's colossal monetary easing policy engineered by Governor…

International Monetary Fund chief Christine Lagarde has no objection to plans to turn the eurozone’s bailout fund into a European Monetary Fund, she said in comments published on Saturday.

Finance Minister Mulyani Indarwati commented on the data released by Central Statistic Agency saying Indonesia’s trade deficit reached $676.9 million in January 2018. She said it reflected…

China said proposed US tariffs on imported steel and aluminum products are groundless and that it reserves the right to retaliate if they are imposed.

Southeast Asian governments are finding themselves caught between pressure to meet regional power demands and backlash from citizens fearing the environmental effects of coal-fired electrical…