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...

According to media reports that were published in the United States and elsewhere, last month, the U.S. President Donald Trump had reportedly told the French President Emmanuel Macron that a trade policy would be pursued by him with the objective of preventing various models of Mercedes-Benz from...

The U.S. has announced imposition of tariffs on steel and aluminum imported from the EU which has set the stage for as full-blown trade war between Washington and Brussels.   Following the announcement by the US commerce secretary, Wilbur Ross, that a 25% duty on steel and a 10% duty on...

The Indian economy grew at its fastest pace in almost two years for the January-March quarter at 7.7 percent year-on-year.   The rate was more than that of China – at 6.8 percent in the same period making India as the fastest growing major economy. The overall growth was driven by robust...

25 percent tariff on $50 billion worth of Chinese goods was announced to be imposed by the United States. The tariffed products contain "industrially significant technology" said the White House.   The goods related to the "Made in China 2025" program would be covered in the tariff, U.S....

Italy may lose investor confidence if the country's government does not adhere to fiscal discipline, said Ignazio Visco, President of the Italian Central Bank. The warning sounded against the backdrop of record growth in yields on Italian government bonds, caused by investors’ fears about the...