China is experiencing a "golden age" of natural gas, which will make the country the world's largest consumer of this fuel between 2040 and 2050, Bloomberg reports citing Sanford C. Bernstein & Co. analysts. The country is preparing to outstrip the United States, currently the largest consumer...

Greece's creditors will return to Athens next week to assess Greece's compliance with the terms of the rescue program, writes Reuters. The review should be completed quickly, as the country needs to get out of the control of creditors as early as next year. Athens hopes to complete the review by...

According to the head of the International Monetary Fund, world's central banks and regulators now need to get serious about digital currencies as it is time when this currency would exert greater influence.   According to IMF Managing Director Christine Lagarde, emerging financial tech...

The volume of oil produced in the oil-rich Kirkuk, an Iraqi province, fell sharply due to the fact that production was stopped at two fields. This happened after the government forces pushed back the Kurdish forces in the attack on the north of Iraq in order to regain control of the disputed area....

In a development that is largely consistent with general expectations, Brexit is taking a toll on the British economy. On Tuesday, Dave Ramsden the new Bank of England Deputy Governor disclosed that he was in no hurry to raise interest rates since he sees very little inflationary pressure in...

Here is what the CEO of the world’s biggest asset manager had to say at the annual meeting of the Institute of International Finance. BlackRock Inc’s CEO Larry Fink has warned that global stock markets could see a “big correction” in case of a major surprise in world events. Fink, the head of the...

China is a relatively open economy. In recent years, it has been striving to realize the "impossible trinity", receiving quite predictable results. Since 2008, China has tied its rate to the US dollar. Also, the country implements free flow of capital, which allows free exchange of RMB for dollars....

With the aim of defusing prevailing tensions within the carmaking group and to reduce overlaps, German auto giant Volkswagen will make its three mass-market brands more distinct, said the chief executive of the company on Thursday.   In the wake of its diesel emissions scandal, the car maker...

After Brexit negotiators declared talks between the U.K. and the European Union had reached a deadlock there was a sharp drop in the value of the sterling.   For the session at 1:00 p.m. London time, the British currency was down 0.6 percent against the dollar.   In order to leave the...