France makes an attempt to dispel its image “as a country of high taxes and strict labor laws”. In an attempt to promote France as “more ‘finance-friendly’”, the government is taking an initiative, whereby increasing the chance drawing the “Brexit-fleeing banks from London” to Paris. However, “a...

The European Central Bank (ECB) seeks to maintain the open time of the asset buy-back program, and not to set a potential date for its termination. These actions are meant to maintain flexibility, if forecasts fail, Reuters writes. Not mentioning specifically when the net bond purchases fall to...

In order to regain control of its borders and establish a new points-based immigration system akin to the U.S., Britain should be willing to accept "a few tariffs" under the World Trade Organization (WTO) rules, said the chairman of British pub chain J. D. Wetherspoon.   Compared to that...

Petróleos de Venezuela (PDVSA) is going to invest $ 50 billion in increasing production to 2.5 million barrels per day by 2025. Hector Andrade, PDVSA’s managing director, announced the company's intentions during the 22nd World Petroleum Congress in Istanbul. As the Venezuelan company’s...

Withdrawals beats outflows at GSAM almost by double the amount at GSAM. As per the data presented by Morningstar, the “Asset Management’s mutual funds” of Goldman Sachs saw its investors pulling an “estimated” amount of “$26.7” till date in the year of 2017, reported the Financial Times. As a...

In signs of labor market strength that could keep the Federal Reserve on course for a third interest rate increase this year despite benign inflation, U.S. job growth surged more than expected in June and employers increased hours for workers.   Beating economists' expectations for a 179,000...

A former International Monetary Fund (IMF) economist believes that everyone in the world would be hit by a fallout of the soaring debt levels in China which were a source of serious concern.   "If there's a country in the world which is really going to affect everyone else and...

Saudi Arabia's state-owned oil company Saudi Aramco increased production to a record level of 10.5 million barrels per day at the end of 2016. Experts note that in many respects such dynamics are connected with the fact that Saudi Arabia sought to protect its share of the oil market, especially...

The European Commission's chief Brexit negotiator Michel Barnier said on Thursday that the U.K. cannot expect to leave the single market and keep all of its trade benefits.   If the U.K. decided to leave the EU's single market, "frictionless trade" between Europe and the U.K. would "not (be)...