World Economy

The US Justice Department’s lawsuit to block AT&T’s $85 billion acquisition of Time Warner seems more like a detour than a permanent shift in the federal government’s antitrust strategy.

Gold prices crept up on Wednesday amid a softer dollar, with investors remaining cautious ahead of the release of minutes from the US Federal Reserve’s last meeting, which could offer hints on…

Central and eastern European countries have become stuck in a “middle-income trap” and need new growth strategies and infrastructure to kick off again, the European Bank for Reconstruction and…

With Asia’s economies humming along, consumer prices rising and the US edging toward higher interest rates, markets have been unloading Asian government bonds and sending long-term interest…

The International Monetary Fund has cautioned that Kenya’s rising debt needs to be contained to avoid vulnerabilities to the economy from unforeseen shocks.

Higher consumer and business confidence is expected to increase economic activity and consequently increase economic growth this year. The World Economic Outlook 2017 has forecast that the…

Foreign direct investment is increasingly touted as the elixir for economic growth. While not against FDI, the mid-2015 Addis Ababa Action Agenda for financing development also cautioned that it…

Turkey’s consumer confidence index dropped to 65.2 in November, marking a 3.2% fall on a monthly basis, according to the Turkish Statistical Institute, TurkStat, on Wednesday, World Bulletin…

The chief of the Bangko Sentral ng Pilipinas said the Philippine economy has not overheated yet, but if it does show signs of overheating, the central bank would be ready to step in.

The International Monetary Fund warned Bosnia on Tuesday that it must meet the terms of its loan arrangement with the lender to get the program back on track and boost economic growth and job…

Malaysia’s economy should continue to grow at a decent pace over the next year, underpinned by robust exports and investment, economists at Capital Economics said, Business Insider reported.…

India Inc’s merger and acquisition activity declined 55% to $6.2 billion in value terms during September quarter, as a sense of caution prevailed on the deal street, says a report.

China’s drive to reduce its debt burden has shifted into a higher gear following the Communist Party’s twice-a-decade congress in October. Regulators have set their sights on a key pressure…

The Reserve Bank of Australia says relentless cost cutting by businesses has kept wage growth at record lows and stifled the economy.

Lawmakers who sped a bill through the US House last week may have handed a few more goodies to Wall Street’s wealthiest than they realize.

Political analyst Jamal Khashoggi has said that Saudi Arabia is now quietly witnessing “billion-dollar settlements with a number of non-arrested princes, under which the funds of the ministry of…

Fitch Ratings announced that it had downgraded Namibia to junk status, two weeks after Finance Minister Calle Schlettwein delivered his mid-year budget review. Fitch’s downgrade also comes just…

The European Medicines Agency is to be relocated from London to Amsterdam after Brexit, it has been announced. Alongside the European Banking Agency, the EMA is one of two key EU regulators…

The robust health of the global economy has received significant press coverage in recent months. Beneath the headlines, there are a number of key trends that reinforce an optimistic view. The…

China’s social media and video game giant Tencent overtook Facebook in market value on Tuesday as investors sent the company soaring to the top five list of the world’s biggest firms.

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Afghanistan’s economy is expected to grow 2.6% this year, up slightly from the previous year despite deteriorating security, the World Bank said in a report on Tuesday.

While the figure…

European Union Brexit chief Michel Barnier said on Monday the bloc would give Britain its "most ambitious" trade deal—but only if it meets the bloc's stringent Brexit conditions.

Fitch Ratings agency has revised Mongolia’s credit rating from B- stable to B- positive in light of an improved fiscal outlook and a recovering economy backed by 5.8% GDP growth in the third…

Nigeria’s economy grew 1.4% year-on-year in the third quarter, the statistics office said on Monday, extending its slow climb out of its first recession in a generation, AfricaNews reported.…

Asian shares fell in muted trading Monday ahead of the Thanksgiving holidays in the US, as gloom carried over from Friday’s retreat on Wall Street. Japan reported its exports rose 14% in October…