World Economy

The United Nations Security Council has agreed to lift sanctions imposed on Iraq when the country invaded Kuwait 27 years ago.

Money is flowing into natural resource stocks in Japan and abroad thanks to firm oil and copper prices as well as investors’ lofty expectations for the global economy in 2018.

The Nikkei…

THE International Monetary Fund Friday called for urgent structural reforms and sustenance of tight monetary policy in Nigeria to sustain the nation’s recovery from economic recession.

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Catalonia is one of the powerhouses of the Spanish economy. The region, in the north-east of Spain, is buoyed by industry, research and tourism—but burdened with a heavy debt.

As Congress moved the tax bill forward, investors pulled the highest amount out of equities funds in more than three years, suggesting some investors may see "tax cuts" as already priced in.

Outstanding loans to Brazilian companies will continue to shrink next year, mostly due to tighter credit from state development bank BNDES, the central bank said.

Even though interest…

Vietnam’s foreign currency reserves hit approximately $48 billion thanks to the country’s stable macroeconomic conditions and strong influx of exports, foreign direct investments and remittances…

Bank of Japan Gov. Haruhiko Kuroda has moved to quell recent market speculation that the central bank will tighten the monetary taps, saying it will continue its monetary easing measures in…

For a small economy whose fortunes often rise and fall on the global tide, New Zealand’s biggest threats in 2018 may come from within.

Fitch Ratings has upgraded Indonesia’s credit ratings by a notch to their second lowest investment grade, saying the direction of macroeconomic and monetary policies has made Southeast Asia’s…

Mexican annual inflation ticked up slightly in the first half of December to 6.69%, data from the national statistics agency showed on Thursday, keeping pressure on the central bank to maintain…

Consumer confidence index in Singapore shot up in the third quarter on the back of the improving economy, according to a survey released Thursday. It noted that the expanding manufacturing and…

German consumers’ festive mood will continue into the new year, a closely-watched survey said Friday, as shoppers remain unfazed by a political impasse in Europe’s purring top economy.

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Canadian economic growth unexpectedly paused in October as a decline in oil and gas extraction offset gains in the wholesale trade and retail sectors, data from Statistics Canada showed on…

In a rare move, the Bank of England has stepped out to comment on the British government’s finances. Usually content to stay out of policymaking, a senior Bank of England official made some…

Bitcoin prices plunged by a quarter on Friday as investors cashed out just before Christmas after the wildly volatile currency’s stratospheric rise in recent weeks, AFP reported.

The latest review by the International Monetary Fund has found that Egypt’s economic reforms are on track, paving the way for the transfer of another $2 billion loan disbursement, part of a…

Petrodollars have dominated the global energy markets for more than 40 years. But now, China is looking to change that by replacing the word dollars for yuan.

Nations, of course, have…

The International Monetary Fund said India’s record $32 billion bank-recapitalization plan must be accompanied by restructuring of state-run lenders, as the central bank warned of rising bad…

Cuba’s economy grew 1.6% in 2017, driven by the tourism, construction, transport and agricultural sectors, following last year’s first recession in more than two decades, Economy Minister…

Saudi Arabia is extending its timeline to cut energy subsidies as the government seeks to offset the impact of austerity measures on the stagnating economy, the finance ministry said.

Asian shares bobbed lower in a choppy session on Wednesday, hobbled by Wall Street’s losses as the long-awaited US tax reform bill wound its way through Congress, while higher treasury yields…

The International Monetary Fund released its outlook for Britain’s economy Wednesday, projecting GDP growth for 2018 at 1.5%—down from 1.6% in 2017—citing Brexit uncertainty as the main weight…

Gold prices rose for a fourth day on Wednesday as expectations that the US government will enact the country’s biggest tax reforms in 30 years held the dollar steady, Reuters reported. Gold has…

President Xi Jinping stamped his authority over China’s economy at a major meeting ending Wednesday, which called for “reasonable” credit expansion, increased imports and more open markets and…