Venezuela issuing its Petro cryptocurrency has inspired Cambodia to release its “own cryptocurrency,” according to the local Blockchain industry, Bitcoinist reported.
World Economy
Greece’s economy expanded for a fourth straight quarter in the last three months of 2017, but at a slower pace, according to figures published Monday, MarketWatch reported. Gross domestic…
Saudi bank lending to private companies shrank for an 11th month in January, the longest stretch in at least two decades, underscoring the challenge facing officials trying to boost growth in…
The problem for Lebanon, the world’s third most-indebted country, is that it’s starting to look more like Greece financially. And if Greece’s survival as part of the euro was crucial to the…
Spain’s service sector, which accounts for around half of total economic activity, expanded at its fastest rate in seven months in February, a survey showed on Monday, with job creation and new-…
The US currency slipped from its six-week high that it touched on March 1, after US President Donald Trump announced plans to levy hefty tariffs on aluminum and steel imports igniting fears of…
The PruLev Global Macro Fund gave up almost one-third of last year’s 52% gain in February, after being caught out by the return of volatility.
Ghana must legislate new measures to boost revenues by at least 0.5% of gross domestic product before the IMF reviews a $918-million credit deal next month, the fund said.
Growth in the ASEAN manufacturing economy gathered pace midway through the first quarter, according to the Nikkei ASEAN Manufacturing Purchasing Managers’ Index.
The data, compiled by…
The New Zealand economy is in an enviable state, Bank of New Zealand head of research Stephen Toplis said Monday. Growth was robust, employment prospects were good, the housing market was stable…
China must strengthen regulatory oversight and control the overall amount of money supply to guard against mounting financial risks in the economy, a top economic official said on Sunday.
The EU will soon unveil a plan for taxing major internet companies like Amazon and Facebook by imposing a levy of 2 to 6% on revenues in every country where they operate, French Finance Minister…
Amid the ongoing multi-agency probe into the Rs126 billion ($1.92 billion) Punjab National Bank scam, the National Company Law Tribunal has restrained more than 60 entities, including Nirav Modi…
Australian governments have added more to their debt over the past five years than almost any other advanced country, but market analysts say the borrowing peak has passed.
Greece can expect further debt relief from its official creditors but must show it is building an efficiently-run modern economy to convince markets of its rehabilitation, the head of Europe’s…
Driven by higher social spending, easier monetary policy and stronger private investment, Indonesian growth is expected to pick up to 5.3% in 2018, the Qatar National Bank has said in an…
Tunisia’s public debt reached, at the end of December 2017, 69.9% of GDP against 61.9% in 2016, according to the December 2017 Public Debt Monthly Brochure posted by the Finance Ministry on its…
Total SA bought Marathon Oil Corp’s assets in Libya for $450 million, a rare expansion in the war-torn North African nation by a major international company, Bloomberg reported. Total adds the…
The Egyptian Ministry of Trade and Industry said in a statement that the country’s trade deficit fell by 11% year-on-year in January.
According to the statement, exports increased by 16…
Ministers from 16 East Asian countries negotiating the Regional Comprehensive Economic Partnership made progress at a meeting in Singapore Saturday but many gaps remain.
“There is still…
Donald Trump’s debt-fuelled spending and tax cut plans are a growing risk to the US and world economies, as a short-term boost threatens to turn into a bust next year.
The Finnish economy is gaining momentum after a long period of sluggish performance, driven by a strong revival in exports and renewed competitiveness. Further reforms will be needed to…
From cloud computing to artificial intelligence, technology is beginning to revolutionize how the world economy functions. But while these shifts are enriching many in the advanced economies,…
The recovery from the financial crisis of 2008-09 is finally expanding beyond a few national economies. Until recently, the recovery from the global financial crisis of 2008-09 was one of the…
Nigerian banks are seen benefitting from improvement in bad loans. The spring in the step of Nigeria’s economy is likely to show up in the results of the country’s banks when they start…
