With investors seeking to take advantage of the increasing institutional interest in the evolving asset class of crypto currencies, a futures derivative of ether, the second largest crypto currency in terms of market capitalization and daily volume in the world, was launched on derivatives exchange...

Raiffeisen Bank International (RBI) is buying 100% of Czech Equa bank from investment company AnaCap Financial Partners, the bank holding company said in a press release. "RBI has signed an agreement to acquire 100% of Equa bank... from AnaCap Financial Partners (AnaCap)," the statement said. It...

According to Baker Hughes, the number of rigs in the U.S. rose 9% in January, though it is still half what it was a year ago. The gradual recovery of U.S. production may force the OPEC+ countries to more actively increase their production in order not to lose market share. However, according to...

Private businesses will now be allowed to operate in most sectors of Cuba, said the government of the country on Saturday which marked the biggest reform in the country in years with respect to the state-controlled economy.    According to the daily Granma, the official newspaper of the...

In January, Iraq showed 106% compliance with the agreement to reduce oil production under the OPEC+ agreement, the Iraqi state-owned State Oil Marketing Organization (SOMO) said on Wednesday. "Iraq complied (with the terms of the deal to reduce oil production - ed.) by 106% in January," the INA...

The global economy shrank by 4.3% in the "covid" year 2020, which was the biggest decline since the Great Depression, according to a UN report on the economic outlook. Global growth could reach 4.7% this year, with developing countries expected to recover more quickly than developed countries. UN...

The composite business activity index (PMI) for industry in the euro area fell slightly to 54.8 points in January from 55.2 points in December. Such data was published by research company IHS Markit on 1 February. The January result was slightly better than analysts' expectations - they had...

India plans to pass a law banning various cryptocurrencies, including Bitcoin, and set a legislative framework for an official digital currency to be issued by the country's central bank. "To set an comprehensive framework for an approved cryptocurrency to be issued by the India's Reserve Bank. The...

The United States based auto giant General Motors hopes to offer zero emission vehicles only by 2025 and has set a target of becoming carbon neutral by 2040 in its global operations, the company said on Thursday.   It is planning to manufacture only electric vehicles in the future, the...