Saudi Arabia called a well-known US right defender to prevent a bill that has been submitted to Congress. The bill allows suing oil producing countries in US courts for possible manipulation of prices in the market. According to the published lobbying list, Riyadh signed a $ 250,000 contract with...

Through an investigation conducted by the CFTC, the BNP Paribas was found to have made attempts of manipulating the “ISDAfix benchmark”. However, the latter seemed to have cooperated all through the process. The BNP Paribas has been ordered to make a payment of “$90 million” as a “civil penalty” by...

Podcasts are becoming an increasingly popular means of advertising. According to advertisers, users are very attentive when they listen to podcasts, and so they will be attentive to advertising there as well. In addition, podcasts open access to young audience. According to forecasts of PwC and the...

The unexpected slowing down of the factory activities in German for the month of July is being viewed as a reflection of the evidence that the aggressive trade policies and decision of United States President Donald Trump is having an impact on the confide3nce of the industries and business....

China’s commerce ministry issued a warning on Wednesday where the country cautioned the United States that it would b3e forced to undertake retaliatory steps against it if the US goes on to implement any new tariffs on the import of Chinese goods into the US. This is the latest development in the...

Managing Director of the International Monetary Fund (IMF) Christine Lagarde said that financial systems became safer a decade after the crisis, but still are not secure enough. At that, the regulatory pendulum again swung to a milder oversight. This is reported by Bloomberg. In a blog post on...

A simulation from McKinsey Global Institute claims that there can be a growth of 1.2 per cent to annual gross domestic product at least for the next decade or so because of the contribution from artificial intelligence (AI).   The report compared the economic impact of the technology, which...

Argentina is all set to get an early release as it had asked for from the International Monetary Fund with respect to the $50bn emergency funding and just before it, the government there has undertaken a range of very significant new austerity measures to prevent further deterioration of its...

The sharp drop in the rate of Iranian rial has provoked strong demand for US dollars in recent months. Iranians are trying to save money against the backdrop of economic problems and American sanctions. Therefore, the shadow foreign exchange market is thriving in the country. In January, one dollar...