The volumes of foreign sales of large world companies are rapidly declining. Corporate income received abroad in 2016 slid to 44% worldwide, the lowest in 5 years, says HSBC. HSBC analysts used indicators of the country's 29 largest stock indices to determine the amount of income of listed firms...

Setting the stage for a moderate economic expansion in the third quarter, amid a slowdown in new orders and consumer spending barely rose in the prior month, a gauge of U.S. factory activity slid from a near three-year high in July.   And showing motor vehicle sales in July recorded their...

The euro rate in recent weeks has grown significantly. In relation to the US currency, the European currency reached its highest level from the beginning of 2015 at a low of 1.17, which is ten cents more than in April. Exactly five years ago, on July 26, 2012, ECB President Mario Draghi announced...

Countries of the South American trading block Mercosur may exclude Venezuela from its membership because of elections to the National Constituent Assembly, Paraguayan Foreign Minister Eladio Loizaga said. Venezuela’s membership in the trading block was temporarily suspended in December 2016 after...

Swiss banks paid 970 million Swiss francs ($ 1 billion) at negative interest rates in the first half of 2017, which is 40% more than in the same period last year, as customers continue to accumulate cash. The Swiss National Bank (SNB) charges a fee of 0.75% of large deposits in the central bank,...

The sluggish performance early in the year was temporary could be confirmed in the second quarter as consumers ramped up spending and businesses invested more on equipment and hence the U.S. economy is likely accelerated.   According to a Reuters survey of economists, there has been a...

With Asian stocks retreating from recent highs and European tech shares opening sharply lower, an earnings miss by Amazon that hit U.S. technology stocks overnight rippled through into other markets on Friday.   As Amazon’s rapid and costly expansion into new shopping categories and...

For the European Union, the next best thing could be Donald Trump's ditching of a U.S.-led trade alliance with Pacific Rim nations even if wasn't a gift to the EU.   The United States was effectively pulled out of the race to frame global trade rules by the president's decision on his first...

Use of the London Interbank Offering Rate (LIBOR) will be discontinued by the end of 2021, as regulators and banks in the UK want to replace the rate with a more reliable system, reports Bloomberg. Andrew Bailey, head of the Financial Conduct Authority (FCA), which regulates LIBOR, said that the...