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...

According to political consultants, China's leaders have remained unappalled even despite recent fall in the yuan. However, if the exchange rate overcomes psychological barrier of 7 yuan for dollar, it will lead to a rapid outflow of capital, of which the Chinese authorities are afraid. On Friday,...

The stomping down of the currencies of emerging markets by the dollar is not going to end soon, say analysts.   Ever since Donald Trump clinched a surprise victory in the U.S. presidential election, the greenback has been on a tear. Demand for the dollar has been boosted by...

Economists and strategists are of the view that the G10 currency market is driven solely by political events.   This was the view of Dominic Bunning, FX Strategist at HSBC. Whereas on numerous previous occasions, a wide range of events had impacted the performance of G10 currency pairs, now...

As a looming Donald Trump presidency in the United States sounded a possible death knell for the Trans-Pacific Partnership (TPP), leaders of Pacific rim nations scrambled to find new free-trade options.   The Asia-Pacific Economic Cooperation summit that brings together leaders whose...

A congressional panel charged with monitoring security and trade links between Washington and Beijing said that U.S. lawmakers should take action to ban China’s state-owned firms from acquiring U.S. companies.   The Chinese Communist Party has used state-backed enterprises as the...

The United Nations published a new report. According to the paper, more than 65% of workforce in developed countries will lose their jobs due to accelerating technology development during the next few years. Workers will simply be replaced by robots and computerized systems. The report notes that...