Last week, the government of a country, which possesses the world's largest oil reserves, failed to make payments on coupon income on bonds totaling $ 586 million. However, these payments have preferential periods of 30 days, which Venezuela used. The country is trying to find means to pay off...

In the post-Brexit scenario regulators will need to have a tool set to correct temporary market distortions. On Tuesday, Germany’s top financial regulator stated, the EU’s banking regulators will need temporary fixes in the event of UK-based banks facing a cliff-edge after the Brexit regulations in...

Saudi Arabia is pondering a plan that will allow non-residents to become strategic investors in companies whose shares are quoted on the exchange, reports Bloomberg. The capital market department (CMA) and the Saudi Arabia General Investment Authority (SAGIA) signed a memorandum on the creation of...

The yen weakened, and Japanese stocks rose amid a stunning victory in the lower house of parliament of Prime Minister Shinzo Abe. Early elections were won by the ruling coalition - the union of the Liberal Democratic Party and the center-right party Komeito. Abe’s coalition won 281 of the 465 seats...

Breaking through the $6,100 barrier, bitcoin set a new record high on Saturday.   According to data from industry website CoinDesk, just a day after pushing through the $6,000 mark, the cryptocurrency hit an all-time high of $6,147.07.   another upcoming split in bitcoin known as a...

Answer to an economic puzzle that analysts and policymakers alike have been struggling to solve this year can be provided by women coming into Australia’s workforce.   The jobless rate hardly budged even while the country’s employment has been surging beyond all expectations.   A...

As investors continued to bet on an asset that has a limited supply and has paved the way for a whole slew of crypto-currencies, the market capitalization of bitcoin was pushed to $100 billion at one point as the cryptocurrency surged to a record high of more than $6,000 on Friday.   Gaining...

Many believe that the financial sector hardly suffered from the crisis that burst ten years ago. However, a new research of the analytical bureau New Financial shows that this is not quite so. The additional capital, which appeared on the balance sheet of banks at the request of regulators, led to...

Expecting a significant slowdown following its decision to leave the EU, Britain now aims to take quick corrective moves by this step. On Thursday, Britain’s Office for National Statistics stated from July 2018 onwards, it will release the country’s GDP data every month.   “ONS has today...