World Economy

Moody’s Investors Services says that many banking systems in Asia Pacific are still exposed to elevated levels of private sector leverage, although the build-up of such leverage has slowed.

Eurozone authorities should create a an electronic platform to trade "non-performing" loans weighing down the single currency area's banks, the European Central Bank urged late Monday.

The World Economic Forum has named Malaysia as the region’s top emerging economy in its Global Competitiveness Report 2017-2018.

Turkey’s currency and bond prices have plunged amid friction with the US and investor concerns about government finances, dimming the outlook for an economy where foreign capital is vital to…

Nearly half of experts polled by global property consultants Colliers International suggest the economic outlook and likely rising interest rates are the two most important factors for Hong Kong…

There are two things that could impede Bank of Canada Governor Stephen Poloz from raising interest rates further in the coming months: worries about the financial system’s ability to cope with…

Ghana’s central bank cut its benchmark interest rate on Monday by 100 basis points to 20%, citing a drop in consumer inflation and the possibility of steady economic growth, governor Ernest…

Amid controversies about growing threat on “security and privacy” with the digitization of economy, a former secretary general of the UN Conference on Trade and Development on Sunday raised…

Italy’s consumer confidence weakened unexpectedly in April, while business sentiment improved, the statistical office ISTAT said Wednesday, Nasdaq reported. The consumer confidence index fell to…

Congress’ official budget office said Sunday an analysis of how the senate Republican tax bill would affect the American economy isn’t available yet, even as the GOP hopes to vote on the bill…

Bank of Ireland Monday released its latest economic pulse survey which was conducted by Ipsos MRBI on behalf of Bank of Ireland with 1,000 households and over 2,000 businesses on a range of…

Eight years since the birth of bitcoin, central banks around the world are increasingly recognizing the potential upsides and downsides of digital currencies.

Despite the economic blockade imposed by its neighbors and a plunge of crude prices, Qatar’s economy is still projected to expand by 3.1% in 2018 up from 2.5% in 2017.

Only a decade ago, Chinese companies accounted for barely 1% of the world’s largest companies and multinationals. Today, their share has grown by more than tenfold.

After mid-November,…

Association of Southeast Asian Nations growth will continue to outperform from a regional and global perspective, a Fitch Group unit said.

The region’s “extremely large market potential…

The head of the World Trade Organization said Sunday it would not be “the end of the world” if Britain failed to reach a post-Brexit trade deal with the EU, but there would be costs.

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Algeria’s lower house of parliament approved increases in subsidized gasoline and diesel prices for the third straight year as part of the 2018 budget, amid government attempts to compensate for…

Sweden’s housing market could lose a tenth of its value after reaching a tipping point this summer, according to S&P Global Ratings, Bloomberg reported. The property market in the largest…

The introduction of value-added tax next year will directly impact the prices of commodities and services, analysts said.

“The price increase will reduce the demand for goods, and this…

The Organization for Economic Cooperation and Development says US revenues as a share of gross domestic product has recently fallen while the share of economic output taken by governments in…

Colombia’s central bank extended the deepest series of interest rate cuts since the global financial crisis, and signaled that there may be more to come, as it tries to revive an economy that…

Egypt’s new banking law is currently under review by the International Monetary Fund and the World Bank and one of the major law firms in England, according to Central Bank of Egypt Governor…

South Korea’s household debt has hit another record high, surpassing  $1.3 trillion as of September. Data from the Bank of Korea shows the amount of debt is increasing by an average of more…

Profit margins at Chinese banks will be squeezed next year and credit growth is likely to slow as increasing regulation eats up capital, Fitch Ratings said. The lending businesses of the country…

Spain’s economy is going to pay a price for Catalonia’s bid for independence. While Prime Minister Mariano Rajoy has stepped in to take over the region, upcoming Catalan elections could prove…