The EU find that there is no immediate clarity on the exact nature of the exemptions that the U.S. intends to provide to some of its allies from the import tariff on steel and aluminum that it impost last week. the Eu said that talks between representative of the two sides would continue this week...

According to the head of Europe’s rescue fund, IF Greece follows that path to reforms, the debt-ridden nation would probably not need any precautionary credit line following the expiry of its bailout in August this year.   The head of the European Stability Mechanism (ESM), Klaus Regling...

China, Canada and Hong Kong are among the countries most at risk of banking crisis, Bloomberg reports with reference to the Bank for International Settlements. Canada, whose economy grew at the highest rate since 2011, is at risk due to the high level of credit card debt of households and debt in...

Although increasingly more people use cards, mobile phones or even face recognition technology for payment, cash is still popular, Reuters reports citing the Bank for International Settlements (BIS). Some comments "give the impression that cash in the form of traditional banknotes and coins is...

Even while Chinese steel and aluminum producers gave a call to the Chinese government to retaliate the imposition of tariff on the import of the two metals into the U.S. by the Trump administration, exemptions from the tariffs were sought by multiple countries including Japan, South Korea,...

Global Property Guide portal published a study on the changes in property prices in 45 countries in 2017. Who was ahead of others, and who became an outsider? Europe The Old World was the strongest market in 2017. Three of the five countries that showed the maximum price increase in the past year...

While giving some interim relief to Mexico and Canada with respect to the proposed trade tariffs by the Trump administration, the U.S. has reiterated that those concessions would eventually depend on the favorable outcome of the Nafta negotiations. This was announced by the White House trade...

Economic and investment partnership was launched by U.K.’s prime minister and Saudi Arabia's crown prince which is valued at billions of dollars even as the move was protested by human rights organizations in London. There was also political pressure in the U.K. parliament.   Saudi's Crown...

Canada can unexpectedly become a world leader in terms of debt. In the fourth quarter, Canadian economy grew by 1.7%. This growth, albeit modest, is explained by cheap loans and growth in consumer spending. Also, households in Canada have one of the greatest indebtedness in the world. For each...