World Economy News

China Will Keep ‘Prudent And Neutral’ Monetary Policy, PBOC Says

China’s central bank said that it will keep its “prudent and neutral” monetary policy, “closely” monitor liquidity and expectations, and deepen reforms in the interest-rates and currency market. The People’s Bank of China aims to create an “optimal” environment to help stabilize the economic growth, while facilitating deleveraging, curbing bubbles and preventing risks, according to […]

Cheap ECB cash still key for euro zone economy: Draghi

The euro zone economy remains dependent on cheap credit and the European Central Bank is using the extension of its massive bond buys to push out any expectation for a rise in borrowing costs, ECB President Mario Draghi said on Friday. Draghi said the ECB was becoming increasingly confident that the euro zone’s economic recovery […]

Moody’s Raises India’s Sovereign Ratings

Moody’s Investors Service raised the sovereign ratings of India by a notch, citing economic and institutional reforms. The sovereign rating was lifted to Baa2 from Baa3. The rating outlook was changed to ‘stable’ from ‘positive’. The agency said the decision is supported by the expectation that continued progress on economic and institutional reforms will enhance […]

U.K. Faces Hurdles on Path to a Free-Trade Era

British leaders envision a free-trade bonanza from Brexit. But they face some thorny challenges in just keeping the global trade benefits Britain already enjoys as a European Union member. The EU has dozens of regional or bilateral free-trade agreements covering more than 60 countries. These stretch from broad, stand-alone deals with large economies like South […]

China-Topping Growth Sparks Troubling Flashback in Romania

The last time Romania’s economy outpaced China’s was 2008, shortly before financial crisis engulfed most of the planet. Politicians basked in that success before the Balkan nation also succumbed, eventually requiring a 20 billion-euro ($24 billion) bailout. Almost a decade later, Romanian growth — an annual 8.8 percent last quarter — is once again outshining […]