Santiago Pena, the ousted President of Paraguay, was placed under house arrest on charges of misconduct. His removal follows the collapse o...

The 78-0 vote marked a stunning repudiation of Pena by lawmakers from his long-ruling Colorado Party, who joined the opposition in backing ...

Paraguayan President Santiago Pena announced his resignation after the central bank's takeover of Ueno Bank left three million depositors, ...

Flávio Bolsonaro secured leading votes against incumbent Luiz Inácio Lula da Silva in Brazil's elections on October 4. The runoff on Octobe...

The personal consumption expenditures price index, excluding food and energy, rose in line with expectations in July.

Global economic activity is slowing, with manufacturing contracting in many regions due to persistent inflation and the ongoing energy crun...

US consumer spending continues to drive robust economic growth, defying inflation and high interest rates. Elsewhere, the euro area's busin...

The Bank of Japan raised its key policy rate to 0.5%, the highest since 2008, signaling stronger inflation. The rate hike reflects the cent...

Inflation expectations declined in Europe, while retail sales and consumer sentiment in the US increased.

The recent spate of attacks by Yemen’s Houthi rebels on vessels transiting the major shipping route has resulted in several large shipping ...

"For this year alone, we estimate that highly exposed countries need as much as $7 billion to help the poorest households cope," IMF Managi...

US consumer spending rose at a sluggish pace in July, even while Americans got some relief on prices, indicating the economy is feeling the...

Russia’s gross domestic product rose at a slower pace in the first quarter, hindered by the initial impact of sanctions, and its central ba...

Meanwhile, the dollar staged its biggest jump in 12 years, climbing to a three-year high, as investors piled into haven assets.

There is need for proactive policy to tackle food inflation via globalisation.

IMF's steering committee endorsed the Group of 20 summit plan for sustainable growth after the worst economic crisis in decades. 10 most tr...

US economic figures and a string of company results out next week could push panic-stricken traders to drag the world's economies closer to...