Following the September meeting, the US Federal Reserve System (the Fed) lowered the key rate by 0.25 percentage points, to 1.75–2% per annum. This rate cut became the second this year after three years of going up. In its statement, the Fed pointed to continuing external risks and insufficiently...

In today’s business world, you need to be willing to innovate and adapt if you want to get ahead. No matter the industry, flexibility in production and variety in products offered can be excellent routes to success. Mecatherm is a company embracing this idea and providing its clients with the means...

Following the attack on two oil refining facilities in Saudi Arabia which reduced the production capacity of the largest oil producer by almost 50 per cent, there was a surge in the share prices of all of the major oil companies on Monday.    The incident has also increased tensions in...

Even if there is no global accord on the so-called ‘web tax’, levies on digital companies and services would be imposed by the European Union, said the Commissioner-designate for Economic Affairs Paolo Gentiloni.   “My first task will be to see whether it is possible to introduce a web tax...

Donald Trump has allowed use of oil from the US strategic reserve to support the market. "I allowed use of oil from the reserve in volumes that should be enough to maintain a normal level of supply to the markets," his tweet reads. In addition, US President said that he had instructed relevant...

Additional import tariffs on some agricultural products from the United States will be exempted by China as a part of the grueling trade war between the two countries, claimed a report by China's official Xinhua News Agency on Friday. Earlier in the week, China had announced exemption of additional...

Head of the European Central Bank (ECB) Mario Draghi announced new monetary easing measures. In particular, the regulator will further reduce the already negative deposit rate, and will resume the quantitative easing program from November this year. The volume of asset repurchases per month is € 20...

A significantly large new bond-buying program was announced by the European Central Bank (ECB) on Thursday with the aim of reviving the struggling economy of the euro zone.   The central bank would be spending 20 billion euros ($21.9 billion) per month of net asset purchases under the...

It is possible that recession could hit the biggest European economy – Germany, in the third quarter, said the Ifo Institute for Economic Research, which has also cut its forecast for the economy for 2019. This is the latest forecast that casts a gloomy picture about the economic revival of the...