World Economy

China and Britain have vowed to continue and strengthen cooperation on a wide range of economic, financial and trade issues, including speeding the introduction of a London-Shanghai stock…

The economic projections for Latin America and the Caribbean show moderate recovery in 2018 and the following year–with favored expansions in consumption and domestic investment, according to a…

Bosnia’s national parliament passed a long-delayed law on Friday that should unlock about €1 billion ($1.18 billion) of funding from the International Monetary Fund, the EU and other…

Foreign direct investment in Pakistan surged 57.2% year on year to $1.146 billion in the five months of the current fiscal year with China being the key source of foreign inflows, the central…

The International Monetary Fund has completed the second review of the Afghan government’s measures in structural reforms and praised the country for its commitment and performance, Wadsam…

Bank of Canada Governor Stephen Poloz says Canada's economy has reached a point of near-perfect balance, with most companies running at full capacity and inflation nearing the central bank's…

Amazon has agreed to pay the Italian taxman €100 million ($118 million) to settle a dispute over suspected tax fraud, the Italian revenue service said, AFP reported. Italian authorities have…

Consumer spending power in Scotland is expected to remain stagnant for at least another three years and deal a further blow to hard-pressed retailers and businesses, tax watchdogs have warned.…

The frustration of Roberto Azevedo was evident when, as director general of the World Trade Organization, he summed up the results of a three-day ministerial conference in Buenos Aires,…

The  goods and services tax council’s efforts to resolve exporters’ woes on refunds seem to have started yielding results. Exports grew 30.55% in November, a month after it contracted 1.1…

Bitcoin blasted to another all-time high of almost $18,000 on the Bitstamp exchange on Friday, up 9% on the day, as warnings grew over the risks of investing in the highly volatile and…

Every few months, Thomas Piketty (and/or a handful of other economists with a social conscience) will remind the world that a tiny elite is binge-eating the global economic pie while 7 billion…

Following faster-than-expected gross domestic product expansion in the third quarter, the World Bank has raised its growth forecast for the Philippines to 6.7%.

In a statement, the…

International Monetary Fund chief Christine Lagarde on Tuesday extolled the benefits of diversified economies for African countries, saying even minor increases in export diversification could…

Inflation in Russia will be about 3% in early 2018 and will reach the target of 4% in the second half of the year, Chairperson of the Bank of Russia Elvira Nabiullina said on Friday, Tass…

Growth in the Irish economy has again confounded expectations, growing by 10.4% year on year in the third quarter of 2017, RTE reported. The latest quarterly national accounts show gross…

Growth and inflation forecasts were raised for the eurozone by the European Central Bank Thursday but it resisted any temptation to follow the United States and lift interest rates.

Turkey, Oman, Pakistan and Ethiopia are among emerging markets that could be most hurt as central banks in developed countries raise interest rates, according to a report from S&P, the…

Kazakhstan’s economic growth estimate for 2017 has been revised upwards from 2.4% to 3.7%, reflecting a better-than-expected oil sector performance, driven by the launch of production at the…

A Japanese company will start paying part of its employees’ salaries in bitcoin, as it aims to get better understanding of the virtual currency, a spokeswoman said on Friday, AFP reported.

The Persian Gulf Arab states’ dollar-pegged economies have followed a US interest rate hike to maintain the value of their currencies but at the risk of denting efforts to stimulate their…

China's central bank Thursday nudged up money market rates as the authorities sought to defuse financial risks without imperiling the economy, a balancing act that they have managed successfully…

Political uncertainty in Catalonia has dented expectations for growth in Spain’s economy, the country’s central bank said on Friday, as voters in the region gear up for an election that pro-…

Export growth in Singapore is expected to have slowed sharply last month from October’s double-digit pace, a Reuters poll found on Friday, dragged by a high base effect from a year ago and a…

North Korea’s economy remains a fraction of its southern neighbor’s, but it showed improvement last year in some sectors including agriculture—and more people than ever have mobile phones.