Expectations of an interest rate increase in December could be diminished by the data of U.S. consumer spending which showed that annual inflation increased at its slowest pace since late 2015 with a rise on consumer spending that was less than expected in July.   Creating a conundrum for...

Head of JPMorgan Chase, James Dimon, whose bank ousted Citi from the top of the list of financial giants, recently said that he is primarily an American patriot and only then a bank manager. Yet, his strategy, in which international markets occupy an important place, hardly reflects this position....

The expectation of ECB monetary policy change is fuelling present euro rise, at the same time feeding a hovering danger on the economy. According to an economist, the continuous rise of Euro against the “U.S. dollar” has become “the main danger” hovering over the fragile economic condition of the...

Notching its quickest pace in more than two years, the U.S. economy grew faster than initially thought in the second quarter. And at the start of the third quarter, there are signs that the momentum was sustained.   The Commerce Department said in its second estimate on Wednesday, gross...

There are hopes that the fallen performance graph of the industry will soon take an upward turn, while most opt for “free trade agreement” with the E.U. after Brexit. According to a survey of the industry, Reuters reports that the Brexit process has already begun to hurt almost 40% of the small to...

Euro/dollar exchange rate has risen to the highest level in more than two and a half years. Breaking psychologically important mark at 1.20 in the morning on Tuesday, August 29, it took just one and a half hour on the global Forex currency market to climb right up to the mark of 1.2070. After that,...

Investing in European companies isn't far-fetched even as the landscape in Europe is changing, analysts say.   Primarily due to geopolitical concerns posing risks to businesses in Europe as their products become more expensive abroad, there has been a more than 14 percent since the start of...

Once the U.K. leaves the European Union, the City of London is unlikely to change substantially despite fears of irrevocable damage.   Given that it's likely to lose its EU passporting rights – meaning that it will need extra licenses to serve EU-based customers, the financial services...

Despite the fact that numerous refineries and some crude production were knocked off by the Hurricane Harvey and wreaked havoc along the U.S. Gulf coast over the weekend, oil markets were roiled on Monday.   As massive floods caused by the storm forced refineries across the U.S. Gulf Coast...