As the exodus of finance jobs starts to take shape, public statements and information from sources shows that the largest global banks in London plan to move about 9,000 jobs to the continent in the next two years, reported news agency Reuters.   Outlining plans last week for their European...

If the Saudi Aramco IPO does not bring the desired funds, a planned project to diversify the kingdom’s economy will not be able to move forward as planned, BMI Research’s report said. However, investors are clearly set on a successful IPO despite everything. "The IPO will become the litmus test...

A risk to the lucrative financing plans used by major automakers to sell millions of cars is being posed due to a plunge in sales of diesel cars in Europe's two biggest markets is helping to drive down the value of used vehicles.   Authorities across Europe are looking to ban or restrict use...

According to Japan’s top central banker, there's something changing in the country’s economy.   He is seeing shifts in the country's labor market, and that could augur good things for the Japanese economy, explained Bank of Japan Governor Haruhiko Kuroda while speaking on the...

When Turkish President Recep Tayyip Erdogan meets with leaders of other states, economic issues begin to play an increasingly important role in the negotiations. However, Erdogan has become demonstratively complacent speaking of economics only recently. Contrary to forecasts of experts of Western...

The U.S. Fed signaled it is still moving ahead with policy tightening and gave a nod to a temporary weakness in the economy as expected.   "They're looking past the first-quarter weakness. They are laying the groundwork for a June rate hike, in my opinion," said Peter Boockvar, chief market...

Donald Trump's tax plan, which takes just one sheet of paper, disappointed both the markets and the Republican congressmen who are to draft and agree on the bill in the face of tough opposition. Unlike the 500-page Reagan’s tax reform plan, to which the administration appeals, the plan presented by...

During the past 20 years, the world capital markets, tech innovations and growth of new consumer markets around the world led to creation of large business platforms in the areas of finance, primary commodities, retail and information technology. Scale of objects such as GE, Walmart, Google and...

There would be leeway to “change indexation” for the stressed out companies. The government of the U.K. has introduced new pension scheme, under which the pensioners may get reduced benefits.   Companies under “stress” will get to “index annual increases” as per the “consumer prices measure”...