Gold hit its lowest since February on Thursday, extending losses after its biggest monthly decline in more than three years, as a surge in oil prices boosted bond yields, denting interest in non-…
World Economy
The 30-year-old bull market in bonds looks to be ending with a bang.
It’s been a big week for bullish economic data across the globe, from South Korean exports to European manufacturing figures.
The most important number of the week comes tomorrow: November’…
The economy of oil-rich Russia could catch up with the rest of the world in about 10 years if the conditions are right, the country’s finance minister said.
Anton Siluanov said the economy…
The Turkish economy may collapse in a couple of years if politicians do not show the West that the economy is trust-worthy, Daron Acemoglu, Professor at the Massachusetts Institute of Technology,…
Taiwan’s economy continued to show signs of steady growth in October, with monitoring indicators flashing a green light for the fourth consecutive month, according to a report released Monday by…
Vietnam’s consumer price index is expected to climb 0.48% in November against the previous month, the General Statistics Office said on Monday, Xinhua reported. The November CPI is estimated to go…
Thailand’s customs-cleared exports unexpectedly dropped in October after two months of gains, adding to pressure on the struggling, trade-reliant economy in the face of tepid global demand,…
Japan’s economy will grow 1% next year before slowing to a 0.8% expansion in 2018, the Organization for Economic Cooperation and Development said in a global economic outlook released on Monday.…
Brexit is going to cause the British economy to slow less than originally thought, according to the Paris-based Organization for Economic Cooperation and Development.
The time has come for the International Monetary Fund to make up its mind on Greece, according to the country’s economy minister.
South Korea’s gross domestic product is $1.4 trillion (nominal), which puts it in 11th place among world nations. Due to trouble at Samsung, the country’s largest conglomerate, worries about…
The Bank of England added a new, higher bar to its third round of public stress tests. Some of the UK’s biggest banks will scrape through; others may not clear it.
Indian sovereign bonds slumped on concern demand for debt will wane after the central bank announced steps to drain funds from the financial system.
Net profits of listed cement firms dropped by 16% to SR3.75 billion ($1 billion) in the past nine months of the current year, compared to SR4.46 billion in the same period last year, according to…
The global shipping industry is in dire straits with international rates low for five years, and for some vessels, the current day rates are covering less than 5% of costs.
For over three decades, China has experienced a staggering public investment boom. In 2014, it spent $4.6 trillion on fixed assets, accounting for 24.8% of total worldwide investments and…
German companies look set to hire half a million more people next year, with the economy in Europe’s powerhouse remaining robust. Securing scarce skilled labor is key, labor market experts say.
Zimbabwe has begun issuing a surrogate currency—$2 and $5 denomination ‘bond notes’—in a bid to ease a cash shortage. The move has prompted fears of a return to hyperinflation, DW reported.…
Online retail sales in the US on Black Friday will surpass $3 billion for the first time, including a record $1.1 billion from smartphones and tablets, according to data released by Adobe, which…
South Korea’s central bank said it will reduce the size of monetary stabilization bonds issuance in a move to help stabilize the local financial markets, Yonhap reported. The MSB is a unique…
Bahrain’s GDP growth will reportedly remain unchanged this year at 2.9%, according to a report by Institute of Chartered Accountants in England and Wales, DTnews reported. The report ‘Economic…
Brazil’s central government reported its first primary budget surplus in six months in October, thanks to an inflow of billions of dollars from an asset amnesty program.
The South American…
A new survey suggests Britain’s economic optimism is holding steady in the wake of the Brexit vote.
Figures from the Office for National Statistics show consumers and businesses increased…
US president-elect Donald Trump has long accused China of being a rogue state on the global economic stage. He has blasted the country for allegedly destroying huge numbers of American jobs with…
