The IMF’s latest World Economic Outlook foresees lower global growth compared to last year, with modest pickup in advanced economies and a slowing in emerging markets, primarily reflecting…
World Economy
There’s one thing that executives from New York to Madrid to Mexico City can agree on these days: Brazil is a serious drag.
While Iraq continues to be a complex jurisdiction in which to operate from a tax perspective, the country still offers numerous investment opportunities, particularly in the energy and security…
Finance ministers, central bankers, and development economists are gathering in Lima, Peru, for the World Bank’s annual meetings, where the debate will focus on how the institution’s agenda fits…
China’s yuan overtook Japan’s yen to become the fourth most-used currency for global payments, shrugging off a surprise devaluation to rise to its highest ranking ever and boosting its claim for…
The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid US taxes and would collectively owe an estimated $620 billion in US taxes if they…
Chancellor Angela Merkel visited a branch of the German company Bosch in India’s technology hub of Bangalore. India expressed interest in a form of training exemplified by the firm.
The costliest minor government reshuffle in Greece’s history. That is at least one way to describe the result of the Greek general election on September 20.
The panoramic terrace with views of the buildings in Lisbon’s Old Town glows in the evening sun. Couples snuggle on benches, a street musician plays Brazilian melodies on saxophone, the Tagus…
In response to public anger over low tax bills for some of the world’s largest multinationals, the OECD has revealed a 15-point plan that aims to stop companies from exploiting different countries…
South Africa’s business confidence index fell to its lowest in 22 years in September, a survey showed on Tuesday, reflecting companies’ worries about sub-par domestic and global economic growth,…
Australia left interest rates unchanged Tuesday after the local dollar recorded the biggest drop among major currencies last quarter, cushioning the impact of lower commodity prices and a…
The apartment prices in Dubai, UAE, have fallen 11% in the past one year and will decline further because of tighter regulations, rising inflation and a strong UAE currency, Reuters reported.
It’s getting increasingly difficult to convince investors that the Bank of England will tighten monetary policy any time next year.
Public pension funds in the (Persian) Gulf Cooperation Council are collectively worth $397 billion, representing nearly a quarter of gross domestic product and $15,000 per national, a new report…
After more than six years of negotiations, trade ministers from 12 Pacific Rim countries have come to an agreement over the controversial Trans-Pacific Partnership trade deal.
Inflation in Turkey rose in September to an annual rate of almost 8%, reinforcing concerns about the economic outlook.
The consumer price index rose 0.89% month-on-month to a…
With exports falling and imports rising, the commerce department released a report on Tuesday showing that the US trade deficit widened significantly in the month of August, RTT reported. The…
Minister for Finance Michael Noonan has welcomed the publication of Monday’s OECD report saying it poses no threat to Ireland’s foreign direct investment industry. But he warned that new…
The UK government may sell about £2.5 billion ($3.8 billion) of Lloyds Banking Group Plc shares to institutional investors alongside 2 billion pounds to individuals early next year to…
More and more, bond traders are drawing the same conclusion: central bankers globally are coming up short in their attempts to combat the world’s economic woes.
Spain’s consumer confidence rose by 0.2% from August to September to a total of 106.1 points, indicating a positive perception of Spain’s economic situation, according to data unveiled Monday by…
Narendra Modi on Monday hailed Germany as a "natural partner" of India after signing deals with Angela Merkel on clean energy and speeding up the European powerhouse's investment in Asia's third…
The dominant UK services sector suffered a slowdown last month, with growth at its weakest level since April 2013, according to data, further denting expectations for a Bank of England rate rise,…
The stock of German potash mining company K+S has lost almost a quarter of its value following the announcement by its Canadian rival PotashCorp to drop plans for an ‘unsolicited’ takeover bid, DW…
