The world economy is gaining strength but structural issues such as weak wage growth and rapid asset appreciation need to be addressed, an IMF official said on Monday.
World Economy
The 2018 outlook for sovereign ratings in the (Persian) Gulf Cooperation Council is negative, reflecting (P)GCC members' muted economic growth, structural challenges and geopolitical tensions in…
SoftBank Group aims to list its mobile phone unit SoftBank Corp. in Tokyo and overseas this year, possibly bringing in some two trillion yen ($18 billion), one of the largest initial public…
With regulation coming thick and fast across Asia the effects on the markets can be seen instantly. Last week a bucket-load of fear, uncertainty and doubt, caused a sell-off when a number of…
South Korean companies will continue to do their part to boost the country’s economic growth, as they work toward achieving a per-capita income of $30,000, a business lobby group said Monday.
Asian shares hit historic highs on Monday after Wall Street extended its record-breaking run, while the US dollar retreat continued as investors priced in the risk of tighter policies elsewhere…
The eurozone is still sensitive to finance and economy shocks, warns one of the most prominent economic representatives of the European Union, Jeroen Dijsselbloem. According to him, Greece and…
The key to Asian economic growth in 2018 will be greater friendship and cooperation between countries, according to the president of the Asian Development Bank.
One of the reasons behind…
New Zealand government bonds ended Monday’s session on a weaker note as investors’ risk sentiments improved ahead of the GlobalDairyTrade price auction to be held on January 16 for further…
Peru’s economy grew by 1.78% in November from the same month a year earlier thanks to a surge in foreign demand for the country’s mineral exports, state statistics agency Inei said on Monday,…
Malaysian former prime minister Mahathir Mohamad says “Malaysia’s national debt has already reached up to RM900 billion ($225 billion).” He suggested that if the government fails to pay its…
Robust and synchronized global growth alongside central banks retreating from their easy money medication for markets has spurred plenty of conjecture that 2018 will wreak havoc for bond…
Pakistan will try to privatize its national airline before general elections due this year, privatization minister Daniyal Aziz said, as the ruling party seeks to restart sales of state-run…
Chilean officials late Saturday criticized the World Bank, saying it treated the South American country unfairly in its closely watched annual “Doing Business” competitiveness rankings.
China will step up oversight in the banking sector this year to reduce financial risks, the country’s banking regulator said, stressing that long-term efforts would be needed to control banking…
Japan has been found to have the best structure of production in the Geneva-based World Economic Forum’s first ‘Readiness for the Future of Production Report’ and is followed by South Korea,…
Venezuelan President Nicolas Maduro announced in December the launch of “petro”, a new cryptocurrency that will be backed by oil, diamonds and gold reserves to circumvent sanctions from the…
Southeast Asia has had one of the most consistent growth uptrends despite some volatility in global growth in recent years. Growth has increased each year and averaged a robust 4.9% since 2014…
The benefits of living in the European Union’s fastest-growing economy may not endure for Romanians. Despite gross domestic product rocketing as the government splurges on higher public-sector…
Things got off to a bad start for Vietnam’s economy in 2017 with the shock withdrawal of the United States from the Trans-Pacific Partnership. Subsequent uncertainties about Canada’s…
Saudi authorities may have underestimated the financial cost of handouts doled out to citizens complaining about rising prices, according to Bank of America Merrill Lynch.
As the race to replace Mario Draghi as head of the European Central Bank hots up, experts are beginning to ask an even more important question: How exactly should the ECB do its job?
Wells Fargo had another surprise for investors in the form of its biggest legal charge yet, showing the lender isn’t past its consumer banking scandals.
The value of Egypt’s exports to Nile basin countries rose by 15 percent in 2013, state-run agency CAPMAS revealed on Sunday, Ahram Online reported. Exports from Egypt to Sudan, Ethiopia, Uganda,…
A new study provides a robust discussion of the economic incidence of business taxes, emphasizing that business tax burdens are allocated across consumers, workers, capital owners, and other…
