World Economy

Europe did not head into 2017 under the best circumstances. Brexit was still relatively new and troubling, Italy’s oldest bank had just collapsed, and a series of upcoming elections were making…

Shanghai copper prices rose 0.7% on Monday to a two-month peak as smelters in China cut production amid natural gas shortages in some parts of the country, Reuters reported. “Due to tight gas…

Credit Suisse Group AG is at risk of posting a third consecutive annual loss after predicting it will take a 2.3 billion-francs ($2.33 billion) hit from a US tax overhaul signed into law by…

Household debt and youth unemployment will be the biggest obstacles to Korea's economic growth in 2018, according to global economists. They forecast that the nation's economic growth will slow…

Saudi consumers are set to benefit from a raft of incoming economic reforms next year—but it may come with a cost as inflation quickens.

Inflation in the kingdom is expected to pick up…

Economic experts specializing in China forecast that the country’s gross domestic product will grow 6.5% on average in 2018, down from the estimate of 6.8% for 2017, according to a joint survey…

Singapore’s Keppel Offshore & Marine has agreed to pay $422 million in fines to the US, Brazil and Singapore to settle bribery cases involving Brazilian contracts, US officials said, AFP…

Japan and China on Sunday signed agreements to promote cooperation in 23 energy-saving and environment preservation projects, Jiji Press reported. The agreements were signed at a meeting hosted…

Most Asian markets on Friday saw in the Christmas break a positive note, picking up the baton from Wall Street while the euro stood firm against a sell-off despite a victory for Catalan…

Russia’s top banker says potentially far-ranging new US sanctions would “make the Cold War look like child’s play” if implemented early next year.

Indian economy is expected to witness sharp recovery in the January-March quarter and its GDP growth likely to be around 7.5% for 2018, a report said.

Egyptian President Abdel Fattah al-Sisi announced a multi-billion dollar construction project in the Sinai Peninsula on Saturday, with building work expected to start within the next two to…

The case for returning to Turkish assets after this year’s sell-off may be growing, but there’s no shortage of risks investors must weigh before taking the plunge in 2018, while in neighboring…

The US economy may be basking in the warm glow of solid growth, but economists are nervously eyeing a trend in the bond market that could spell stormy weather ahead.

Peru’s economic outlook appears positive as 2017 comes to a close, despite the year getting off to a rocky start, economist Carlos Aquino said, Xinhua reported. Extreme weather in the first few…

As markets shift away from the recovery era of monetary accommodation amid synchronized global growth, some investors may be wondering where potential opportunities can be found.

Bundesbank board member Carl-Ludwig Thiele has ruled out the introduction of official digital money for the eurozone and warned of losses from investments in cryptocurrencies such as bitcoin,…

President Moon Jae In’s drive to give South Koreans their “right to rest” by slashing work hours is making little headway as lawmakers haggle over pay rates for weekends.

Europe's bio-economy is worth €2.2 trillion ($2.61 trillion) and employs 18.6 million people across the bloc, but a third of citizens are unaware it exists.

French corporate debt has ballooned to record levels as other eurozone countries have seen their firms cut debt, unsettling the central bank and prompting a cap on bank lending to the most…

It is gratifying that the government is taking steps to deal with poverty in the city, as evidenced by the recent report of the Poverty Commission for 2016.

Swiss drugmaker Roche will buy US cancer drug specialist Ignyta Inc. for $1.7 billion in an agreed deal to broaden its oncology portfolio, the firms said late Friday, Reuters reported. Roche…

Venezuela’s economy shrank a massive 16.5% in 2016, according to an official government filing to the US Securities and Exchange Commission. The oil-rich but impoverished country attributed the…

Businessmen have said that along with the lack of security, the absence of a clear strategy to attract investment is also to blame for the economic recession in Afghanistan. They are firm in the…

Italian consumer confidence index rose to the highest in almost two years, as campaigning heats up for elections early next year. Household sentiment increased to 116.6 in December from a…