Mozambique has no hidden loans and accusations by the International Monetary Fund that it had borrowed $1 billion more than previously disclosed were the result of confusion, the country’s Finance…
World Economy
A growing roster of developing states are turning to their compatriots abroad to raise cash by marketing “diaspora bonds”, a funding strategy successfully pioneered by India but sometimes tricky…
Indonesia’s central bank said it will use the seven-day reverse repo rate as its benchmark policy instrument to help spur lending and support growth in Southeast Asia’s biggest economy.
In a rare move, finance ministers and central bank governors of leading economies, during the annual Spring Meeting of the IMF and the World Bank in Washington, have voiced concern over the…
Growth in Africa has outpaced most emerging markets in recent years, but that’s changing fast as a slew of problems beset its leading economies, Reuters reported.
Here’s what you need to…
Saudi Arabian Mining Company, Ma’aden, the largest miner in Persian Gulf Arab countries, posted a 35.3% fall in first-quarter net profit on Sunday, but still beat analysts’ forecasts, Yahoo…
Steel prices continue to strengthen, a move, which continues to baffle market experts and has left many wondering when, not if, a correction will occur.
Argentina seeks to end 15 years of financial isolation on Monday when it sets out to borrow cash on international credit markets for the first time since a 2001 default.
The country is…
Once the symbol of eurozone debt and stagnation, Spain is poised to outpace most advanced industrialized economies in growth this year, as rebounding consumer spending is overshadowing the country…
A British vote to leave the European Union could be a threat to any rival bidder from the United States for the London Stock Exchange but would not undermine the planned $30 billion merger between…
Adoption of a cashless system is likely to be skewed, with more developed economies—with more affluent shoppers and more sophisticated businesses—likely to forge ahead, Xinhua reported. Within two…
Masood Ahmed, director of the International Monetary Fund Middle East and Central Asia Department, said Egypt has achieved greater stability and confidence in its economy, where it has made ??…
Japan has won little sympathy from its Group of 20 counterparts for the pain being caused by its strengthening yen, signaling opposition to shielding its fragile economy via intervention.
Saudi Arabia has warned the Obama administration that it would be forced to sell off hundreds of billions of dollars’ worth of American assets if US Congress passes a bill allowing the Saudi…
Low oil profits, sanctions and structural problems have got Russia’s economy stuck in a crisis; their emergency reserves are drying up. Still, the conflict with the West could escalate.
The International Monetary Fund estimates Venezuela’s economy will contract 8% this year and inflation will be 720%, Yahoo reported. Unemployment for 2016 is forecast at 17%. Moreover, the country…
An aggressive advertising and lobbying campaign by conservative activists and financial interests this week stalled a plan in the US Congress to rescue Puerto Rico from crippling debt, while…
US industrial production fell in March, data released by the Federal Reserve Friday showed. Manufacturing output dropped by the most in a year while mining output continued to shrink, signaling a…
For Chinese banks, the decision to lend to companies such as Bohai Steel Group Co. Ltd. was for years a no-brainer. Lenders took heart from its state backing, which appeared as solid as the…
The rapid deterioration of Libya’s oil-dependent economy is threatening the objectives of the country’s new western-backed government and budding efforts to confront the Islamic State in North…
The eurozone’s trade surplus shrank in February as imports rose more rapidly than exports, an indication that rising domestic demand continued to drive the currency area’s modest recovery.
The New Development Bank, formed by the BRICS group of emerging nations (Brazil, Russia, India, China and South Africa), has approved its first loans—$811 million for renewable energy projects in…
Zambia’s kwacha has gone from the world’s third-worst performance in 2015 to the best this year, outshining gold, silver and 150 other currencies and precious metals tracked by Bloomberg. Further…
Tunisia sealed a $2.8 billion bailout from the International Monetary Fund, the emergency financing institution said late Friday, contingent on the North African nation speeding up promised…
Vietnam saw US dollar deposits overseas skyrocketing, possibly due to foreign currency policies implemented by the central bank, the Vietnam Institute for Economic and Policy Research said, VNA…
