Business articles

IMF says Egypt on track for next aid tranche

Egypt has made a “good start” on reforms under a loan deal with the International Monetary Fund and soaring inflation is expected to drop around mid-2017, an IMF official said Wednesday.

US industrial production jumps in December

Industrial output jumped in December, retracing the decline in November, which was bigger than originally reported, with consumer goods and utilities leading the way, the Federal Reserve reported Wednesday.

Over 80% of US firms feel less welcome in China: survey

More than 80 percent of American companies feel China is less welcoming to foreign businesses than in the past, a US business lobby group reported Wednesday, as trade tensions surge between the world’s top two economies.

Italian minister says Europe’s problem is Europe

Italian Finance Minister Pier Carlo Padoan on Wednesday took aim at the EU, saying it was creating its own problems because of a lack of vision, and called on policy makers to take populism seriously.