World Economy

The 19-country eurozone economy closed out 2017 growing stronger than at any time in nearly seven years and optimism about the year ahead remaining buoyant, according to a closely watched survey…

Global distressed-debt specialists are stepping up their deal-making in China after a decade, betting that the country is becoming serious about developing a market to tackle its $256 billion of…

The US trade deficit increased more than expected in November as imports of goods surged to a record high amid strong domestic demand, making it likely that trade will subtract from economic…

World stocks scaled fresh record highs on Friday, while the dollar stuck near four-month lows before crucial payroll numbers that could underpin growing confidence in the world’s biggest economy…

The Mastercard Index of Consumer Confidence for the second half of 2017 notes that consumer confidence in Asia Pacific “bubbles with youthful optimism”.

Greece’s 10-year borrowing costs hit their lowest in 12 years on Friday, benefiting from expectations of an exit from its bailout this year underpinned by risk appetite and a tentative economic…

Small businesses are beginning the New Year with increased pessimism as surging operating costs, weak domestic growth and flagging consumer demand hamper profits and confidence, according to the…

A top European Central Bank official called for governments to regulate and tax bitcoin, labeling the cryptocurrency an object of speculation and a tool for money laundering.

Commodities are forging a record-setting run of gains that straddles the end of 2017 and the start of the New Year as crude oil notches multiyear highs and investors bet that booming global…

China will encourage companies to increase their use of yuan for settling cross-border trade deals and support foreigners’ use of the currency for direct investments in the country, the central…

Germans opened their wallets as the Christmas season started in November, providing a boost to the country’s retailers and raising hopes that private consumption continues to support growth in…

Saudi Arabia expects to raise $9.35 billion in revenue from the implementation of value-added tax (VAT) in 2018, according to Hamoud Al-Harbi, VAT project manager at the kingdom’s General…

Turkey’s trade deficit widened by 37.5% in 2017 to $77.1 billion, data from the country’s customs and trade ministry showed.

The country’s foreign trade volume accounted for $391.3…

A German court is likely to decide on Thursday whether to reverse the insolvency filing of airline Niki, following legal action from a group representing airline passengers, according to a press…

Bermuda-based Qatar Reinsurance Company (Qatar Re) has signed a sales purchase agreement to buy Markerstudy’s Gibraltar-based insurance company.

Markerstudy underwrites more than 5% of…

Pakistan is hoping to boost trade and economic ties with China by trading with the country in yuan, the State Bank of Pakistan in Karachi has announced. Imports, exports and financial…

Unemployment in Germany held fast at historic lows in December, official figures showed on Wednesday, rounding off a strong year for Europe’s largest economy even as political paralysis grips…

South Korea will look at ways to direct capital flows offshore if the won continues to soar, people familiar with the matter said, a move that could take heat out of the currency without…

Among Bloomberg’s many profitable activities is a convenient Bloomberg Billionaires Index that has just published its findings for 2017. It covers only the 500 richest people, and it proudly…

Global property reinsurance prices have risen less than expected in the key Jan. 1 renewal season, with strong competition limiting increases to single digit percentages following a record year…

India is now the world’s fastest-growing large economy, and probably will be for years if not decades to come. The IMF forecasts growth of 7.4% for India in 2018, with international banks…

Oman’s economy is expected to grow by minimum 3% in 2018, according to the 2018 budget statement issued by the ministry of finance. The country expects the growth to be driven by oil price…

British Trade Minister Liam Fox said on Wednesday that London would continue to welcome foreign investment, after a US panel rejected a Chinese acquisition of a US money transfer company on…

Greek professionals and freelancers brace to pay up to 75% of their income in taxes and security contributions in the New Year, as taxes and contributions go up as of Jan. 1.

Singapore’s economic growth slowed in the fourth quarter as factories lost steam, but a services sector recovery has bolstered expectations the central bank could tighten monetary policy as…