World Economy

Persian Gulf Arab countries stock markets sank early on Sunday in response to Friday’s tumble on Wall Street, after US data showed the strongest annual wage growth since 2009 and raised the risk…

A senior European Union official is warning that the 28-nation bloc will hit back if US President Donald Trump takes trade measures against it, Reuters reported. EU budget commissioner Guenther…

China has launched an anti-dumping and anti-subsidy investigation into imports of sorghum from the United States, the commerce ministry said on Sunday, less than a fortnight after US President…

Buoyed by rising oil prices, growth of non-oil revenues and supported by reduced spending, the Omani economy was able to achieve many positive results in 2017, preliminary statistics show, ONA…

New Zealand’s Minister for Trade and Export Growth David Parker is pushing a message of inclusiveness in a bid to build public support for freer trade after meeting Asia-Pacific Economic…

Consumers have been the key to the Spanish economic recovery, but that may be about to change. The nation’s economic turnaround began in 2014, when an improving jobs market and slowing inflation…

The Persian Gulf Arab economies are weak in terms of labor productivity compared with counterparts in other countries, according to the PricewaterhouseCoopers PwC Economic Bulletin for the…

In the $2 trillion treasury-bill market, where the US government turns for short-term funding, investors are showing they’re pretty nervous about the approaching deadline to raise the nation’s…

Cranes building Phnom Penh’s rapidly rising skyline attest to Cambodia’s economic success as well as to China’s commitment to investing in the kingdom’s infrastructure. Cambodia has been highly…

Despite rising food and oil prices, China’s inflation growth will likely moderate in January due to a high base a year ago, the Bank of Communications said in a report.

BOCOM predicted…

The euro single currency area must shore itself up with reforms or face renewed threats of breakup when a new economic crisis strikes, a top European Central Bank official warned Friday.

Cryptocurrency markets stabilized on Saturday after a violent sell-off saw billions of dollars wiped off the value of many digital coins. Still many of the cryptocurrencies were well off their…

The budget proposal to promote low cost housing is likely to boost the country’s economy amid a pick-up in consumption demand, said Kapil Wadhawan, chairman of Wadhawan Global Capital, the…

Britain says new powers to seize suspicious assets will help curb London’s status as a haven for ill-gotten gains, AP reported. A measure called unexplained wealth orders, which came into effect…

The Nigerian government has perfected plans to bring about a quantum leap to the Lagos’s economy in 2018 through the Embedded Power Supply Project and the review of the Land Use Charge Law,…

The Federal Reserve is imposing more penalties on Wells Fargo, freezing the bank’s growth until it can prove it has improved its internal controls. In addition, the bank agreed to replace four…

Two years after taking office, President Raul Castro widened the niche for private enterprise in Cuba’s state-dominated economy. Capitalism came pouring in.

Singapore’s manufacturing sector has had a strong start to the year with January’s factory activity rising for the 17th consecutive month. Electronics manufacturing saw growth reducing for the…

Corporate Japan continues to flourish as a variety of industries like electronics, machinery and trade ride the global economic recovery to higher earnings.

Signs that a long-awaited correction may have arrived on Wall Street will keep investors on edge on Monday after the S&P 500 closed off the week with its biggest percentage drop in two years…

International ratings agency Fitch has revised Azerbaijan’s credit outlook to “stable” from “negative” while affirming its credit rating at ‘BB’. After two years of turmoil, macroeconomic…

Argentine inflation is expected to reach 19.3% in 2018, according to the average forecast in the central bank’s monthly poll on Friday, up from an average projection of 17% given in the same…

Tanzania’s economic growth slowed to 6.8% during the third quarter of last year compared with 7.8% recorded during the second quarter of the same year, AllAfrica reported.

The Russian economy grew by 1.5% last year, recovering from losses in previous years, but the growth was less than expected, preliminary Federal Statistics Service data published on Thursday…

Factories across the globe got off to a strong start this year, with manufacturing activity in most countries gaining momentum and hitting multi-year highs.