Back in December 2014, when it became known that Japan was ready to risk hundreds of billions of Japanese pensions to promote and support the stock market, it became clear that ‘Abenomics’ has to work or Japanese citizens may lose their pensions. Size of the Government Pension Investment Fund of...

Cuban direction became the fastest growing segment of the online booking service Airbnb in its history. A few months after the beginning of removal of the US sanctions against Cuba, demand for private accommodation in the Cuban cities is growing exponentially, while the traditional tourist industry...

The head of London's financial district said that in order to preserve the City of London's dominance in financial services after last month's vote to leave the European Union, Britain should move quickly to keep investment flowing.   Through the process of maintaining so-called passporting...

An internal memo prepared by the body responsible for the drafting international tax rules says that the United Kingdom is unlikely to try to lure international investment by becoming a tax haven after it leaves the European Union.   The UK could use its freedom from EU rules to slash...

Asia is not demanding as much oil, while finally after the Brexit turmoil, oil futures seem to find steady footings. On Monday, 04th of July 2016, the oil futures began to steady down after the Saudi energy minister’s comments, wherein the latter informed that the markets were able to strike come...

The chancellor Osborne, who announced the contradictory surplus budget target, has decided to abandon the same. The target of the chancellor George Osborne, who sought to effectuate a “government finances” restoration by the year of 2020, has been abandoned by him. During a speech in Manchester,...

The first news about results of the UK’s voting on leaving the EU made London’s future as one of the world's major financial centers foggy. Officials from Paris, Frankfurt and Dublin, meanwhile, decided to reduce the British capital’s influence on the European financial sector. The day after the...

When there was news that Saudi Arabia announced possible IPO of its state-owned oil company in January, the first reaction on Wall Street was a shock. Later, however, Dubai - the financial center of the Middle East - received a lot of calls from bankers in London and New York. Investment banks...

The Japanese company Nissan filed a lawsuit against the Ministry of Environment of South Korea. According to the company’s representatives, the authorities has wrongly accused Nissan of cheating and understating the actual emissions of harmful substances. Earlier, the Ministry demanded from Nissan...