Last year, France's state deficit was below the 3% limit of the European Union for the first time in ten years, Reuters reports. Decreasing to 2.6% of gross domestic product, France's budget deficit was below the government's target of 2.9%. This was the best indicator since the global financial...

Managing Director of the International Monetary Fund (IMF) Christine Lagarde proposed to create a "rainy-day fund" for the euro area to help mitigate future economic downturns in the bloc countries, Reuters reports. Speaking in Berlin, Lagarde welcomed the "steady and widespread rise" in the global...

China will strengthen its business intellectual property protection while treating the domestic and the foreign firms equally. On Sunday, March 25, 2018, China assured to carry on with market “opening and reforms” and also reminded that its treatment towards foreign and domestic firms will remain...

A voting for the possibility of rate hike saw two members of the monetary policy committee of the Bank of England (BoE) voted in favor of an immediate rise in interest rates which has sparked speculations that there would be a likely hike in borrowing rate in May this year by the BoE.   ...

Over 100 goods that include fruit, pork, wine and seamless steel pipes among others exported from the U.S. into China are being planned to be hit by retaliatory Chinese tariffs worth a total of $3 billion as approximately $60 billion worth of tariffs of Chinese goods exported into the U.S. was...

The debt crisis of Venezuela will almost certainly continue to deepen this year. At the same time, the Venezuelan government can lose one of its most important financial donors, which will further increase the probability of default of this Latin American country. In recent years, China has...

A recent survey on Indian investors done by Credit Suisse has found a trend among Indians of shifting away from the traditional norm of investing in gold and towards financial assets. The number of people in the once fastest growing major economy investing in financial assets is very low.  ...

The Bank of England will stick to its rate of interest rate increase in May, according to a study by Reuters. Last month, the head of the Bank of England Mark Carney and his colleagues surprised the markets, saying that the rate of growth rates could be higher than expected, due to a strong global...

Germany and China have agreed to work on finding solutions to the issue of overcapacity in the global steel market according to the framework of the G20 group of industrialised nations after a discussion over the issue between the leaders of the two countries – Germany’s Angela Merkel and China’s...