Under a euro-area plan to shield Athens from future interest rate increases, Greece’s battered banks are being asked to swap about 33 billion ($35 billion) euros in floating-rate bonds for 30-year, fixed-rate securities, three people with knowledge of the matter were quoted in the media.  ...

British investment bankers interviewed by Bloomberg believe that Brexit may take a decade, if we talk about the structural changes that are bound to occur in the British economy. In turn, analysts of the British Institute of Financial Studies point out that the British will have to come to terms...

He had no indication that U.S. President-elect Donald Trump wanted to withdraw the United States from the World Trade Organization, said the chief of the global trading body, Roberto Azevedo on Thursday.   "I think that at this point in time what we have to do is be ready for a...

A $500 million question making the rounds of the global banking industry is how Malaysia's central bank managed to simultaneously increase its foreign exchange reserves and meddle in markets to support its currency.   The ringgit was particularly hard hit in the "Trump tantrum" of emerging...

In the latest indication of an acceleration in economic growth early in the fourth quarter, driven by rising demand for machinery and a range of other equipment, new orders for U.S. manufactured capital goods rebounded in October.   This month, following the election of Donald Trump as the...

For a long time, oil production on the Norwegian continental shelf has mainly been a privilege of large foreign companies and Statoil, a major player in the country’s market, which produces about 70% of the Norwegian oil. However, two years of low prices have changed the situation. Assets in the...

There are long queues of people who want to exchange obsolete money for new in India. The government decided to withdraw large bills from circulation, which led to panic among the population, Bloomberg reports. According to the publication, Indian government's decision to terminate circulation of...

Some think, TPP would be “meaningless” without the U.S., while others does not consider it to be the end of TPP and China has its own agenda for “free trade” promotion. In the presidency of Donal Trump, the “Asia-Pacific trade deal” has no future, as the President-elect blocked the option, whereby...

After Donald Trump's election victory raised fears the United States would scrap free trade deals, Chinese officials said more countries are looking to join a China-led trading bloc even as Pacific Rim leaders vowed on Sunday to fight protectionism.   Trump threatened to impose steep tariffs...