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Despite Sharp Slowdown in Chinese Economy, IMF Says Not Recession, Just “Necessary Adjustment”
In recent months, negative predictions for the Chinese economy filled the news, and less than stellar performance that seemed to prove those predictions correct. Many analysts had predicted that...
All Eyes are on China as Economy Struggles
Greek elections and Fed policy loom large over international markets, but the world awaits with anticipation as Chinese officials try to mitigate sluggish growth, according to Reuters. Analysts expect...
Global Equities Selloff despite Strong U.S. Data
Stocks around the world turned sharply south even as economic data from the U.S. showed strength. Stocks around the world turned sharply south even as economic data from the...
World Bank Seeks to End Practice of Oil Well Flaring
The World Bank seeks to use its economic power to affect changes that can improve the environment. One recent push has involved setting a global standard regarding the practice...
Iraqi Economy Suffering amid War and Low Oil Prices
Iraq's war with Islamic militant group ISIS has taken a toll on the economy, with the Shiite government losing land to the terrorist organization. Further, the low-priced oil market...
U.S. Manufacturing, Japan GDP Falls despite Inflation Strength
Manufacturing is falling in parts of America and the trend may spread to the entire country, while in Asia Japan sees a fall in GDP and faster inflation. In...
IMF Praises Pakistan’s Reform Process
Pakistan has worked hard over the last few years to rein in its deficit spending and improve its foreign exchange reserves, and the International Monetary Fund (IMF) says it...
Malaysian Economy Grows at Slowest Pace in Two Years
According to government data, Malaysia's economy expanded at a slow rate of 4.9 percent in the second quarter, amid such factors as political instability and a stagnant currency, according...
Unemployment Claims at Lowest since 2000, Retail Sales Rise
In further signs of an improving U.S. economy, both important unemployment claim statistics have fallen to their lowest level in nearly a generation and retail sales have shown a...
Kyrgyzstan Becomes Member of Eurasian Economic Union
The Central Asian nation of Kyrgyzstan has become a full member of the Russian led Eurasian Economic Union (EEU) on August 12, 2015 after it formally abolished customs controls...