The forthcoming referendum in Switzerland may be aimed at a radical transformation of the world finance industry. On Sunday, Swiss voters will go to election stations to vote for or against to switch to the sovereign monetary system. The referendum has attracted international interest, since it...

Societe Generale presents its agreement papers to the court for approval to end the Libor manipulation accusations and more. The “second-biggest bank” of France, Societe Generale, reported that it has come to an agreement with the authorities of France as well as the U.S. and it will settle...

Even as the sanctions on Russia imposed by the U.S. include En+, the LSE cancels its suspension on the companies GDRs. London Stock Exchange made announcements of cancelling plans for suspending trade in “global depositary receipts (GDRs) of En+”. This decision was made after a decision was taken...

The analysts’ prediction of rate hike for September has been reinforced with the performance of May 2018. The fall of unemployment in Norway has surpassed expectations, whereby reaching a new low in nine-years, amid economic expansion with the rising crude oil prices, the main export for the...

The trump administration might be forced to include some steel manufacturers from Germany who produce certain special types of steel form the import tariff on steel. This is because the firms that are dependent on such steel products could find it difficult to source such raw materials from the...

Investors’ fears of a global trade war were stoked after retaliation by Canada and Mexico to United States’ decision to impose steel and aluminum import tariff and the European Union also got6 its own reprisals ready to against its trading ally.   It could be possible the EU could coordinate...

The lending criteria to the United Kingdom economy has been tightened by Barclays in face of the economy not doing as good as the rest of the peers.   UK economy is being stunted by Brexit related uncertainties and that was an issue that the bank has not been able to ignore, said Chief...

From July 1, China will reduce import duties on almost 1.5 thousand consumer products from cosmetics to home appliances, to increase imports as part of efforts to open the economy, writes Reuters. The Ministry of Finance of the PRC has published a detailed list of goods that will affect reduction...

The new head of the Fed, Jerome Powell, proposed to soften the so-called Volcker rule for the banks. The rule was introduced after the financial crisis and imposed trade restrictions on financial institutions. Now, critics fear that the administration of Donald Trump wants to allow financial...