President Mauricio Macri is said to be considering reversing his flagship farm policy of cutting crop-export taxes as he tries to calm market fears over Argentina’s fiscal deficit.
World Economy
Argentina’s beleaguered peso bounced back slightly on Friday after the central bank auctioned $250 million in dollar reserves and the International Monetary Fund issued a strong statement of…
The fall in the value of bitcoin and other cryptocurrencies, and Japan’s crackdown on the industry in the wake of a hacking scandal in January, have not deterred some of Japan’s biggest…
Italy’s rating outlook was lowered by Fitch Ratings, which said the fiscal plans of the new government risk a degree of fiscal loosening.
Peru’s consumer price index rose 0.13% in August from a month earlier, slowing as a reduction in residential electricity rates stemmed a rise in the price of food, state statistics agency Inei…
The preliminary data for Oman’s national accounts indicate that nominal gross domestic product grew by 8.7% during 2017 as compared to a contraction of 3% in 2016. The recovery in oil price…
Tunisia’s economy is displaying signs of economic recovery following difficult years since the Arab Spring, but remains dependent on consumption and imports, with weak investment and high levels…
Emerging market assets are headed for a monthly loss as declines in Argentina and Turkey sparked fears of global contagion and amid a renewed intensification of US-China trade tensions.
Kazakhstan’s economy will grow by 3.2% at the end of 2018, the Kazakh media outlets said Friday, Trend reported. According to the forecast of analysts of the Eurasian Development Bank, the…
Turkey has accused western credit rating agencies of deliberately attempting to undermine the banking sector amid attacks on its currency, the lira.
India’s economy expanded at the fastest pace in nine quarters, as strong domestic consumption and robust manufacturing growth overwhelmed any global trade-war worries.
Bank lending in Singapore declined month-on-month for the first time since January this year, though it maintained a still strong year-on-year growth, preliminary data from the Monetary…
The United States and Canada failed to meet a Friday deadline imposed by the Trump administration to overhaul the North American Free Trade Agreement as major differences remain in bilateral…
The fourth summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation, or BIMSTEC, ended in Kathmandu, Nepal, Friday, with commitments to enhance regional…
Consumer confidence in Luxembourg fell in August amid lower expectations for the country’s economic performance over the next year. The monthly survey by Luxembourg’s central bank measures…
Philippines inflation likely settled at 5.9% in August, the Bangko Sentral ng Pilipinas said on Friday, citing a range of 5.5 to 6.2% GMAnet reported.
A monthly survey shows that a contraction in Chinese manufacturing eased slightly in December, while service industries continued to expand.
The numbers were a potential sign of recovery…
European Central Bank policymaker Olli Rehn hit back against US President Donald Trump’s accusation that Europe is manipulating its currency and is “almost as bad as China” on trade.
Inflation in the 19 countries that use the euro cooled slightly in August, while the number of people out of work fell during July, developments likely to reinforce the European Central Bank’s…
South Korea’s central bank on Friday left its benchmark interest rate unchanged for the ninth consecutive month amid the worsening of recent economic indicators.
The European Union expects a “substantial effort” from Italy on its upcoming budget law, European Commissioner for Economic and Financial Affairs Pierre Moscovici told the financial newspaper Il…
Asia is embracing the digital revolution. Companies such as Alibaba, Tencent, and Baidu are providing a wide range of services from e-commerce to fintech and cloud computing for customers in…
ZTE posted a net loss of 7.8 billion yuan ($1.1 billion) for the first half ended June 30, falling from the year-earlier 2.3 billion yuan profit as a months-long ban on American technology…
In an unexpected move Argentina has asked for an early release of a $50 billion loan from the International Monetary Fund amid a growing economic crisis, the IMF said.
President Mauricio…
Corruption in Lebanon is widespread and permeates all levels of society, as reflected by the country’s global and regional average performance scores in most governance areas, Transparency…
