The Venezuelan government is hopeful that it would be able to bypass the worsening economic crisis in the country by the launch of the its new oil-backed digital currency.   Many are of the opinion that the government there is attempting to get cash while the economy of the country is facing...

Action would be taken by China if high tariffs are imposed on import of steel and aluminum into the U.S. by President Trump, warned the second largest economy in the world.   Late last week, a recommendation for imposition of measures on the import of those metals to safeguard national...

When the latest data about the retail industry in the U.K. was released by the Office for National Statistics, City economist Jeremy Cook City economist Jeremy Cook commented: “Who’d be a retailer now?”   “The average Brit,” he added, “has spent the past few years living by the mantra ‘When...

The moods of Japanese industrial producers has deteriorated significantly in February compared to January, the Reuters Tankan survey showed, indicating that the strong yen and global turmoil in the markets have undermined the mood of the business. According to the monthly survey, which the...

An analysis of the markets by UBS Group AG shows that during the recent correctional phase in the market, there were only about 10 to 15 per cent of investors who had taken advantage of the low-priced stocks for enhancing their equity allocations or used cash to buy such shares.   “We...

According to the latest estimates, Portugal's economy grew by 2.7% last year, the Statistical Office of the country said. According to Statistics Portugal, GDP grew from 1.5% in 2016 to 2.7% last year, mainly due to domestic demand and investment, while the level of external demand remained...

The Securities and Exchange Commission (SEC) blocked a deal to sell the Chicago Stock Exchange (CHX) to a group led by Chinese investors, Reuters reports. The regulator said that there are unresolved questions about the ownership structure within the framework of such a transaction. Besides, it is...

Japan’s framework is question as traders gear up for lawsuit against crypto-currency heist at Coincheck. On Thursday, 15 February 2018, Coincheck to witness a lawsuit, filed by a group trading in crypto-currency, against the “$530 million” theft of digital currency at the “Tokyo-based exchange”...

Travel costs would be reduced by up to 40 percent while CO2 marginal emissions would be reduced to zero in urban areas by the advent of electrified autonomous vehicles, predicts a recent report of the World Economic Forum (WEF).   Some new approaches to electric mobility would be required by...