Global uncertainty and a slowdown in global economic growth will negatively affect the creditworthiness of sovereign borrowers in the coming 2020, Moody's warns. So far, the risks of developed-country governments burdened by high debts have been masked by low interest rates. However, continuation...

Economists had predicted that the largest economy of the European Union and indeed Europe’s economic powerhouse – Germany, would experience a fleeting slowdown but will bounce back strongly soon after.   However, it has been a year ha the country’s growth has been stuck in neutral with...

A public digital currency could be issued by the European Central Bank (ECB), claimed reports citing information from a draft document of the central bank. According to analysts, the ECB is contemplating this move as a counter measure to counter the potential impact on the financial markets by the...

The economy Sudan can be saved by a financial package of up to $5 billion to prevent a collapse and to bring in economic reforms according to the finance minister of the country. in an interview to news agency Reuters, Ibrahim Elbadawi, the finance minister of the transitional government formed in...

If the "phase one" of a trade deal between China and the United States is completed both the sides will also include in it an agreement to roll back the tariffs that both sides imposed on each other’s goods, said officials from both the countries. Reports however suggested that this decision by the...

The Chinese commerce ministry said on Thursday that the tariffs imposed by both the countries during their months-long trade war would be lifted in a phased manner and an agreement to this effect has been arrived at by China and the United States. No specific timetable was however provided by the...

The US authorities stopped the City National Bank of New Jersey, which became the fourth bank to be closed in the country since the beginning of this year, according to a press release from the American Deposit Insurance Corporation (FDIC). Deposits of this bank will be transferred to Washington...

The German ACI Systems and the Bolivian YLB were going to mine lithium together on Lake Uyuni in Bolivia. According to unofficial information, President of the country decided to abandon the project. Bolivia abandoned a joint lithium mining project with Germany, the Bolivian news agency ABI...

On Tuesday, the People’s Bank of China lowered its key interest rate, which should help reduce the cost of financing amid a slowdown in economic growth. The bank said in a statement that the rate via the medium-term lending facility (MLF) will be lowered to 3.25% from 3.3%. The central bank uses...