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...

Money managers are bracing for a last-minute exodus of as much as $300 billion from funds in regulators’ cross hairs with a seismic overhaul of the $2.6 trillion money-market industry weeks away from kicking in.   At the center of the upheaval are prime funds which seek higher yields by buying...

According to Oxford Economics, there can be grave implications for the world’s largest economy by a win for U.S. presidential candidate Donald Trump.   U.K.-based economists Jamie Thompson and Sarah Maxwell said in a note that 5 percent off where U.S. gross domestic product (GDP) would...