Inflation in the eurozone was stable in June, remaining well below the target level of the European Central Bank. Consumer prices in the euro area in June rose by 1.2% in annual terms, according to preliminary data from the Statistical Office of the European Union (Eurostat). The result coincided...

Diplomatic tensions between China and Canada just went up a notch after the announcement of a suspension on the import of beef and pork form Canada was made by China. This latest ban on Canadian import was taken after the discovery by the Chinese authorities of a feed additive that is banned – in a...

The current tensions arising out of geopolitics, and the warm welcome and the apparent prospect that the cryptocurrebncy of Facebook called Libra could help bring the digital currency into the mainstream of world finance, prompted investors to seek out tools of safety and alternative investments...

Investors’ confidence trembles, while H20 reports of increased inflows as redemptions drop. On Wednesday, June 26, 2019, the H20 Asset Management has informed that it has observed “big inflows in recent days” while the Natixis owned firm sees redemptions being markedly subsided. The aim remains to...

The promise of help from Russia to Iran will only be fulfilled if payment system is not launched. On June 21, 2019, Reuters reported that Russia has shown consent to provide help to Iran in the latter’s oil export front besides the country also promised to extend its support to the gulf country’s...

China would not trade its sovereignty to achieve a trade agreement and that it would not agree to any trade deal with the United States that undermines its sovereignty, the country said on Monday days ahead of a scheduled meeting between the Chinese President Xi Jinping and his US counterpart...

Chris Hughes, one of Facebook founders, believes that with the advent of Libra's cryptocurrency, control over monetary policy will shift from state central banks to private companies. According to Hughes, a liquid, stable currency will be attractive to many emerging market countries. However, they...

The central bank of the European Union – the European Central Bank (ECB), has been accused of engaging in unfair manipulation of the euro by the United States president Donald Trump. This accusation has further escalated the already existing tensions between the US and the EU over trade and...

World prices for gold with immediate delivery rose on exchanges in Asia by 1.7% to $ 1,411.63 per ounce. The cost of gold rose above $ 1,400 per ounce for the first time since September 2013. The August gold futures in New York rose to $ 1,409.1 an ounce, then fell slightly, to $ 1,395.9 an ounce....