Gold demand slumped 14% in the first half of 2017 to hit the lowest level in eight years as US traders exited the haven investment, the World Gold Council said Thursday, AFP reported. Global…
World Economy
Moody’s on Friday has assigned a Caa1 long-term issuer rating with a stable outlook to the government of Iraq, Reuters reported. The ratings agency likewise gave a provisional Caa1 senior…
The gross domestic product in Brazil will grow by 0.4% this year, according to forecasts by the Economic Commission for Latin America and the Caribbean. The United Nations agency estimates an…
As China's "new economy" goes from strength to strength, more and more foreign firms are jumping in for a slice of the pie.
Shared bikes flood the city streets, diners pay for meals on…
Households and corporations are more optimistic about the short-term course of the Greek economy according to an economic sentiment survey conducted by the Foundation for Economic and Industrial…
French manufacturing activity held close to a six-year high in July as political uncertainty dissipated after the presidential election, a survey showed on Tuesday.
Data compiler IHS Markit…
Germany’s economy is at risk of overheating and burning out as deceptive indicators mask worrying threats, the country’s biggest lender has warned.
The manufacturing sector continued to power ahead in July on the back of a run of strong expansion. But the sector, which makes up a fifth of the economy and has been a key growth driver this year…
Gold hit a seven-week peak on Friday and silver its highest since January last year as the Bank of Japan’s decision the previous day to hold off expanding monetary stimulus weighed on stock…
The Reserve Bank of India has reduced the key policy rate or the repo rate by 25 Basis Points to 6% in its third monetary policy review on Wednesday, as retail inflation softened, PTI reported.…
Egypt’s foreign reserves reached $36.036 billion at the end of July, returning to pre-2011 levels for the first time since the 25th January uprising, the Central Bank of Egypt announced.
Vietnam issued arrest warrants for 14 bankers and took two more into custody on Tuesday after accusing them of causing losses totaling hundreds of millions of dollars in the scandal-tainted sector…
Bitcoin, the world’s most famous digital currency, split in two on Tuesday. So now there are two versions: The original one and a new type of online money called Bitcoin Cash, which is now being…
Brazil’s industrial output remained steady in June, data showed, beating expectations for a small drop while underscoring that a tentative economic recovery remains fragile, Reuters reported.…
Over the past couple of years there’s been a raging debate about generational inequality in Australia. On one hand you have young people angry at the lack of affordable housing, a tough jobs…
Luxembourg’s annual inflation rose to its highest rate in almost two years in July, driven by higher clothing, food and drink costs, state statistics office Statec said.
Prices increased 1.…
Switzerland’s manufacturers posted their strongest growth in more than six years for July, figures on Wednesday showed, pointing towards a sustained upswing for the sector that has been battered…
Spain’s government is having a hard time keeping up with the booming economy. The work of government is moving at a snail’s pace, with the parliament in Madrid only approving four laws so far this…
Philippines economic growth will meet at least the low end of government’s target this year, with job-generating investments helping sustain the momentum, a cabinet official told lawmakers on…
The Nikkei India manufacturing purchasing managers’ index dropped to a near eight-and-a-half year low of 47.9 in July from 50.9 in June, Indiainfonline reported. A reading above 50 indicates…
Discovery Communications announced Monday it was buying television rival Scripps Networks Interactive for $14.6 billion, a deal that will give it Food Network, Travel Channel and other channels in…
South African Reserve Bank Governor Lesetja Kganyago on Tuesday warned that the country’s economic recession could deepen unless there was policy certainty on mining and agriculture, the two…
World stock markets advanced Tuesday as investors studied a fresh round of corporate earnings reports and data releases for signs the global economy is on the right track.
The eurozone economy expanded apace in the second quarter, a sign the bloc’s upswing is becoming increasingly robust and self-sustaining.
Gross domestic product in the 19-country region…
Western sanctions helped Russia pay attention to internal economic issues, with the country’s economy entering an active growth phase due to trade and economic policies, Russian Economic…
