The rise in oil prices in recent months is of great concern to oil-importing countries and retail consumers, as they have to spend much more money for the import of hydrocarbons and the purchase of gasoline at gas stations, respectively. So far, it is not clear how the leading central banks will...

Following announcements by Saudi Arabia and Russia that they would increase their oil output and the U.S. production continuing at the current rate, there was a further fall in global crude prices on Monday – extending the fall the day before.   Brent crude futures were at $75.09 per barrel...

An economic crisis could set in Turkey by its collapsing currency that the government there is desperately trying to prevent.   A move by the investors worldwide to move their investments from the emerging markets into the United States has resulted in the lira loosing as much as 20 per cent...

The US Federal Reserve and the Bank of England called on global financial markets to step up efforts to move from the London Interbank Offering Rate (LIBOR) to alternative rates, Reuters reports. The head of the Federal Reserve Bank of New York, William Dudley, speaking at an event of the Bank of...

The world's largest energy companies make big bets on Latin America, although many used to be afraid to work in this region because of protectionist economic policies and the threat of nationalization. Shelf fields of Mexico and Brazil, shale deposits in Argentina and discovery of large reserves of...

The IMF believes that Saudi Arabia is making "good progress" in implementing reforms under the Saudi Vision 2030 initiative, which will help stimulate the country's economic growth. "The government continues to conduct large-scale economic and social reforms to get rid of the dependence of the...

The concept of storage of energy is closely linked to renewable energy where technology for energy storing is amongst the most versatile technologies on the grid. A new report from Navigant Research points out that the manner in which energy is stored is undergoing a paradigm shift because of a new...

Goldman Sachs has removed one of Italy's most famous companies from the list of companies whose shares are recommended for purchase because of approaching establishment of a populist government. Italy has been living virtually without a government for more than two months after the unconvincing...

Portfolio managers of the largest investment funds expect a slowdown in the growth of the world economy, especially in the perspective of rapid tightening of the credit policy of the Federal Reserve System (FRS). However, in the coming year, the market is not expected to slip into recession, so...