Eurozone consumer prices grew less than expected in February because of a fall in unprocessed food prices and reduced energy inflation, data from the European Union’s statistics office Eurostat…
World Economy
The International Monetary Fund on Thursday revised up its forecast for Turkey’s economic growth in 2018 and 2019 to 4.3% while it warned the global positive momentum may eventually slow down in…
The Managed Security Services market in ASEAN continued its tremendous growth momentum, as it grew strongly by 22.3% on a year-on-year basis. ASEAN was the second- fastest growing market,…
Simmering fears of a global trade war; an embarrassing political scandal in Japan; rapid job-turnover inside the White House; and the threat of faster interest rate hikes in the United States.…
The European Bank for Reconstruction and Development has made a 2.51% equity investment in Lebanon’s Bank Audi, the EBRD’s first investment in Lebanon, Audi said on Thursday, Reuters reported.…
China cut its US treasury holdings by $16.7 billion to $1.1682 trillion in January—its lowest level since July 2017. According to statistics from the US Department of Treasury, although it…
Singapore’s key non-oil domestic exports unexpectedly declined in February, due to a fall in shipments of electronics and non-electronics goods, MarketWatch reported. Exports of goods made in…
Suddenly, Bitcoin seems a bit boring. It might be hard to believe. But after the 1,400% rally of 2017, with wild swings along the way, the great crypto craze has cooled, at least for now.
E-commerce is skyrocketing in China, the country’s National Bureau of Statistics said Thursday, and Alibaba is reaping the rewards, Business Insider reported. Online retail sales in the country…
Russia’s economy is the world’s eleventh-largest. Following a period of recession, it managed to return to growth last year despite Western sanctions widening. But can the country continue on…
Nippon Steel & Sumitomo Metal will buy Swedish counterpart Ovako Group and intends to turn equity-method affiliate Sanyo Special Steel into a subsidiary, forging ahead with a long-awaited…
According to a big report from Morgan Stanley and Oliver Wyman on wholesale banks and asset managers, it’s now time for Wall Street banks to shift their focus toward corporate business, versus…
A trade war would bring forward the next financial crisis sooner than expected, according to the Societe Generale strategist Albert Edwards.
European Central Bank head Mario Draghi says the expanding eurozone economy still faces "risks and uncertainties"—including a looming trade dispute with the United States—and has cautioned that…
Kenya has seen robust growth in recent years and can grow its gross domestic product from $80 billion to $200 billion by 2025, AllAfrica reported. But it has to grow at an estimated 12% compound…
France will take legal action against Google and Apple for “abusive business practices”, Finance Minister Bruno Le Maire said Wednesday as transatlantic ties threaten to be riven by a trade war…
South Africa’s business confidence rose in the first quarter by 11 points in a sign that the country’s economy is picking up pace, a survey showed on Wednesday, Reuters reported.
The World Bank Wednesday projected India’s GDP growth at 7.3% for the next financial year and accelerate further to 7.5% in 2019-20.
The World Bank’s biannual publication, India…
Japanese corporations are catching up with their western counterparts in profitability, with their return on equity, a key metric, expected to surpass 10% for the first time ever thanks to years…
Venezuela needs to dollarize its economy, seek $15 billion to $20 billion a year from abroad, and ease oil sector taxes to reverse the “disaster” of President Nicolas Maduro’s rule, according to…
While the central banks of some countries are hoping to be a part of the virtual currency revolution, the Bank for International Settlements is concerned about the repercussions of going digital…
The International Monetary Fund has issued a new assessment of the Algerian economy, which failed to diversify due to endemic corruption and deepening political crisis, fueling growing popular…
Private-sector economists have raised their growth outlook for Singapore but they also warn that the risks posed by protectionism have increased substantially.
On the front door of a bank only a block away from Stockholm’s Central Station is a sign that reads “Inga kontanter” with an English translation below: No cash available.
Greece’s planned August exit from its third European Stability Mechanism bailout, has triggered investor optimism. Its July 2017 bond issuance, the first in three years, was oversubscribed, as…
