The University of Cyprus said that the economy is forecast to expand 3.9% this year before growth slows down to 3.3% in 2019, amid a favorable external environment that may change, ongoing…
World Economy
Turkey’s banks are about to reveal the extent of the damage caused by the lira’s plunge and a surge in interest rates.
Damning new research carried out by an independent poverty think tank has found that the policies enacted by successive Conservative governments since 2010 have resulted in child poverty rising…
After almost three months of unabated selling, foreign investors are making a cautious return to South Africa’s bond market.
Non-residents were net buyers of the country’s government…
Ecuador’s recent turn toward more market friendly economic policies has lifted investor sentiment toward the Andean country, but follow-through beyond fiscal discipline will be key in order for…
Small banks in Chinese provinces affected by Beijing’s efforts to slash excess industrial capacity and reduce pollution are being hit by a spate of non-performing loans, according to reports…
Foreign direct investments into Malaysia fell 12.7% in 2017 to RM41 billion ($10.09 billion) from the record RM47 billion in 2016, according to the department of statistics, The Star…
Inflation in Venezuela could top one million percent by year’s end as the country’s historic crisis deepens, the International Monetary Fund said Monday.
Venezuela’s economic turmoil…
Germany’s foreign minister says European countries won’t cave in to US threats in the escalating trans-Atlantic dispute over tariffs, but he hopes for a solution.
Japanese manufacturing activity expanded at the slowest pace in over 1-1/2 years in July, a preliminary private survey showed on Tuesday, in a worrying sign an intensifying global trade war is…
Prosecutors in the Italian city Genoa are investigating possible market manipulation in relation to Banca Carige, the lender hit by a boardroom row, a source with direct knowledge of the matter…
Asian emerging economies, particularly Thailand and others in Southeast Asia, are considered to be in a stronger position financially than their global peers to weather risks from rising US…
Canada’s Liberal government will seek to address competitiveness challenges faced by the nation’s businesses in a budget update later this year amid pressure to respond to US tax reform.
The German economy likely regained some of its lost momentum in the second quarter, supported by private consumption, manufacturing and recovering exports, the Bundesbank said in a monthly…
Gross revenues of local industries slowed to 6.9% in the first quarter of 2018, according to the Philippine Statistics Authority, PNA reported. Based on the Quarterly Economic Indices, this was…
Albania’s economic growth is expected to accelerate to 4.2% in 2018 from 3.9% last year, the European Commission said in a new report, SeeNews reported.
US equity futures pointed to a lower open and European stocks fell on Monday as investors digested warnings from the world’s financial leaders about the impact of protectionism on growth. The…
A.P. Moller-Maersk A/S is in an unusual place this year as the world’s biggest shipping company finds itself the target of an attack by hedge funds.
Singapore’s headline inflation rate rose to 0.6% year-on-year in June 2018 from 0.4% in the previous month, its highest in seven months, the Monetary Authority of Singapore and Ministry of Trade…
The Bahrain All-Share Index declined in value during the first six months of 2018, but the decline–at 1.6%–was not particularly dramatic.
China is not manipulating its currency downward to support its exports amid a trade row with the US and the recent depreciation of the yuan has been purely market driven, analysts said late…
A more inclusive assessment of Hong Kong’s financial services sector helped push total assets under management at private banking and private wealth management firms to $1 trillion in 2017.
Cuba’s economy grew less than expected in the first half of 2018 and an ongoing liquidity crisis will force fresh belt tightening, President Miguel Diaz-Canel said on Sunday.
Diaz-Canel…
The consumer price index in the emirate of Abu Dhabi is most likely to increase by 3.3% year-on-year in the third quarter of 2018, according to the Statistical Center of Abu Dhabi estimates…
Finance ministers from the world’s 20 largest economies say they’re cautiously optimistic about the impact cryptocurrency can have on the world economy.
A new report from the G20 meeting…
