Greece is preparing parallely on asset protection scheme for cutting down on the pile “sour loans”. Greece has minimum two working plans up its sleeves for providing asset protection in order to support the banks in reducing “sour loans”, the said information came from “bankers and sources close to...

The aim of the protectionist trade policies taken by the United States government under President Donald Trump is to remove trade barriers for American companies and create a more level playing field for US firms, said the United States ambassador to Japan, as he defended his country’s trade...

The United States still plans to increase import duties on Chinese goods worth $ 200 billion in January 2019 from 10% to 25%, said US Commerce Secretary Wilbur Ross in an interview with Bloomberg. According to him, at the upcoming meeting, US President Donald Trump and Chinese President Xi Jinping...

Despite India being the fastest growing major economy in the world, there are some teething problems with the economy according to economists.     One of the problems is unequal distribution of prosperity that the country has been able to achieve. This can turn out to be a major...

The possibilities of issuing digital currency should be looked into by central banks, believes the chief of the International Monetary Fund Christine Lagarde arguing that this would increasing the safety of digital currency transactions   “That currency could satisfy public policy goals,...

China has reportedly taken a step that could help trigger staled trade talks between the United States and China and possibly bring an end to escalating trade hostilities between the two largest economies of the world.   According to reports published in the US media quoting unidentified...

The pound sterling fell by more than 1% after the British Minister for Brexit Dominic Raab announced his resignation, according to CNBC. In a letter to British Prime Minister, Raab stated that he could not agree to the terms of the Brexit agreement she proposed. This is expected to increase...

The Chinese economy is still far from a transition to domestic demand as the main source of growth, as well as from refraining from excessive investment in infrastructure, and from reducing social inequalities in the country, the International Monetary Fund (IMF) report says. Rebalancing of...

According to an article published in the German trade publication Automobilwoche, Volkswagen Chief Executive Herbert Diess said that the German car maker is getting its electric vehicle platform and battery procurement plans are being set to meet a production target of 50 million electric vehicles....