Price wars, led by OPEC and the US to bring down the prices of raw materials on the world market, have lost relevance, said analysts of Bank of America Merrill Lynch. There are too less benefits of increasing production for the cartel. BofAML’s research concludes that now impact of low prices on...

With the first debate between candidates Hillary Clinton and Donald Trump starting on Monday, who becomes the next U.S. president will be a primary focus for Wall Street next week and beyond.   As polls show a tightening race for the White House, there may soon be a change in the way markets...

Indicating that the economic upturn in the region is fragile and failing to achieve any real traction, there was more bad news for euro zone on Friday with the latest flash purchasing manager's index (PMI) falling to a near two-year low.   The business activity in the 19-country region fell...

Reduction of investment in oil production has been lasting for already two years. In the future, it may lead to a significant shortage of oil on the market, warned the International Energy Agency (IEA). However, there’s still a possibility that the prediction will not come true. In the years before...

China may face a crisis of large volume of credits, issued by banks to the corporate sector. This is stated in a new quarterly report of the Bank for International Settlements (BIS). BIS considers the so-called credit to GDP gap one of the most reliable indicators of future banking crises. In...

According to new research by economic consultancy firm Longview Economics, the famous Dutch "Tulip Fever" bubble of 1637 is being remembered by many while others draw similarity to it with the housing price hikes in major cities in China over the last year. "I think what's going on in China is...

European Commissioner for Single Market, Industry and Entrepreneurship Elżbieta Bieńkowska said that the European Commission will propose to issue joint stocks of European defense industry companies in September this year, reports Reuters. This decision was taken in response to results of the...

In order to maintain the size of its newly enlarged asset-purchasing program, the Bank of England opted to hold base interest rates at record lows on Thursday.   The base rate of 0.25 percent, which was cut in August, was decided to be held by the bank's Monetary Policy Committee (MPC) which...

Volume of mortgage lending in the UK by the end of July decreased by 12% compared to the same period last year. This is evidenced by the UK Council of Mortgage Bankers (CML). Volume of mortgage loans in July amounted to only 10.6 billion pounds ($ 14 billion), up 13% compared with June. There were...