Dealing with the newly introduced currency is proving to be quite difficult for Venezuelans as the country virtually came to a standstill on Tuesday.   Many workers stayed back at their homes while thousands of businesses remained closed as they tried to adapt to the "sovereign bolivar"....

The world's largest sovereign investment fund, the Norwegian oil fund with a volume of $ 1 trillion, earned $ 20 billion in the last quarter thanks to investments in shares of oil and gas companies, from which he wants to ultimately give up. However, its long-term prospects are threatened by the...

Oil traders and refineries will be offered a batch of oil from the strategic reserve of the United States in the amount of 11 million barrels with delivery from October 1 to November 30. As reported by Reuters, the auction for the sale of raw materials from the state storages is scheduled for...

Donald Trump’s trade tariffs have resulted in increase in cost of exporting top the US for the producers in emerging countries from Turkey to China. There is also nervousness among investors in these economies which had turned into safe havens following the 2012 Greek crisis.   This report...

The dollar has been the main world currency for more than 50 years. But experts do not exclude that his positions may weaken. What and who can deprive the dollar of its current status? If a currency’s stability is directly related to trust in the issuer, then the US dollar position is not the best...

Just before a scheduled conference call between the finance minister of Turkey and international investors. The country’s falling currency lira continued on its recovery journey providing some relief to one and many.   There was a rise of 2.5 per cent in the price of the currency against the...

The ECB expressed concern that the current monetary disturbance in Turkey may create problems for European financial institutions. Yet, there is one more threat for the banking industry in the region. It is Italy and its future, reports CNBC. "The situation in the country... in the next few months...

In the coming months, a large drop in introduction of primary housing, associated with a reduction in construction permits, is expected. Such measures will inevitably lead to a growing housing deficit throughout the United States. According to a joint report of the US Census Bureau and the...

Disputes will be solved diplomatically, informs the TUSIAD & TOBB Union of Chambers and Commodity Exchanges. On Tuesday, 14 August 2018, Reuters reported that the business lobbies in Turkey have informed that more strict finance policies will be put in place as an attempt to the requirement of...