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Amazon, Google and Dow support tripling nuclear power production 03/14/2025

US Consumer Confidence Plummets Amid Tariff Fears and Rising Inflation 03/16/2025

Pharma companies Mallinckrodt and Endo agree to merge 03/14/2025

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Economics

Broadbent Of BoE Terms Brexit Vote As Economic ‘Shock Absorber’

Amid the woes of investors as pound fell, the economy exhibited a shock absorbing capacity. The deputy governor of the Bank of England, Ben Broadbent, stated in a interview that the fall of pound following Britain’s vote to quite the European Union has “acted as an important shock absorber” on the...

ChemShina and Sinochem are in talks to merge

Chinese state-owned Sinochem and ChemChina are in talks to merge. The deal could give rise to a world leader in the field of oil refining, chemicals and fertilizers revenues, learned Reuters. Sinochem Group and ChemChina started discussing a possible merger at instigation of the central government...

Norway to increase spending of sovereign wealth fund by 10% in 2017

For the first time in 25 years, Norway can get a shortfall budget. The authorities decided to withdraw money from the wealth fund. Their plans also include reduction the tax burden for individuals and large corporations. Despite this, the economic growth is expected to drop to 0.4% in 2017 year....

The Nobel committee names Nobel economics prize winners

Nobel winners in Economics in 2016 became Oliver Hart and Bengt Holmström "for their contribution to the development of the theory of contracts", announced the Swedish Royal Academy of Sciences. They will receive 8 million Swedish kronor (about $ 931 thousand). Briton Oliver Hart of Harvard...

IMF's Lipton Calls for More ‘Arrows’, says he Likes Bank of Japan Policy Revamp

Bank of Japan has been called to be more vigorous with fiscal and structural policies to reflate a fragile economic recovery by the International Monetary Fund First Deputy Managing Director David Lipton even as he welcomed the Bank of Japan's new policy framework as a boost to its credibility....

Anxiousness About Globalization’s Future Got Greater This Week

A bevy of analysts have been led to redouble their warnings that a backlash over globalization is poised to roil global financial markets—with profound consequences for the real economy and investment strategies by weak global trade, fears that the U.K. is marching towards a hard Brexit,...

Sterling Decimated by ‘Flash Crash’

Driven by computer-initiated sell orders that left the pound at a fresh 31-year-low and heading for its worst week since January 2009, Sterling lost a tenth of its value in minutes on Friday, in what traders said was a "flash crash". As anxiety grows that Britain will opt for a "hard" exit...

Stiglitz: the Eurozone is not working

According to Joseph Stiglitz, one of the greatest economists of the world, there is a collapse waiting for the European Monetary Union. The Nobel laureate said that the euro zone could be divided into northern and southern parts. Winner of the Nobel Prize in Economics Joseph Stiglitz believes that...

Automated trading systems could cause a sharp drop of the British currency

This morning, the British pound has experienced a sharp drop of more than 6%, which immediately caused panic on the stock exchanges. However then, the pound almost completely restored to its previous value within minutes. Experts suspect that this occurrence may be caused by programs for automated...

Strategist says Amid Falling Bond Yields, Gold is the Ultimate ‘Anti-Bubble’

Diego Parrilla, managing director atinvestment firm Old Mutual Global Investors believes that we should recognize how mispriced gold is and it is being largely misunderstood. "We are creating the biggest bubble in duration (with the debt markets) that we've...