Saudi Arabia has hired banks to organize a potential issue of bonds on the international market, as the largest economy of the Persian Gulf and the world's largest oil exporter is trying to solve the budget deficit problem against the background of a fall in oil prices, Reuters reports. According...

Financial institutions, including banks, are moving out from London in the wake of Brexit. p { margin-bottom: 0.25cm; direction: ltr; color: rgb(0, 0, 10); line-height: 120%; text-align: left; }p.western { font-family: "Calibri",serif; font-size: 11pt; }p.cjk { font-family: "Calibri"; font-size:...

Blaming Brexit, a sluggish economy and Theresa May’s weakened political position, Moody’s Investors Service cut the U.K.’s credit rating.   Dropping the rating to what is the third-highest investment grade, the ratings agency lowered the U.K. on Friday by one notch to Aa2.   According...

U.K. Prime Minister Theresa May failed to provide solid details on what this period would ultimately look like even while she said that her government wants a transition phase before her country leaves the EU completely.   Adapting to a world where the United Kingdom no longer...

Opening up India’s debt markets to the rest of the world, the Indian government listed its first ever bond index on the London Stock Exchange on Friday.   The index will consist of Indian rupee-denominated government bonds – a first of its kind for India and was launched in collaboration...

With eurozone’s economic bailout package ending in August 2018, finance ministers from the group opine that post bailout Greece will need to be fully prepared before it can enter the market financing. p { margin-bottom: 0.25cm; direction: ltr; color: rgb(0, 0, 10); line-height: 120%; text-align:...

Canada’s limited success in diversifying exports leaves the nation too reliant on U.S. markets to play hardball despite Canada’s threats to walk away from NAFTA talks if necessary.   There are many tough items that are expected to be debated in the soon to be commencing third round of talks...

The conflict between Catalonia and Spain can lead to major political turmoil and serious economic aftermath for the both sides. Next month during the referendum, the inhabitants of Catalonia should resolve the issue of independence from Spain after the decree signed earlier in September....

It's been two weeks since Hurricane Harvey hit Texas, but the volatility of the stock statistics is still there. Traditionally on Tuesday, the American Petroleum Institute (API) publishes a fresh portion of statistics. According to the latest data, oil reserves grew less than expected, and gasoline...