Over the next 20 years, demand for gasoline in the US will decrease by 20% if electric cars account for 35% of the road transport market by 2035, reports consulting firm Wood Mackenzie in a study. Aggressive scenario of Prajit Ghosh, a research analyst of Wood Mackenzie, allows that demand for...

British vote probability betting results show a shifting trend in favour of Brexit. In the last week probability maintained a seventy eight percent of British vote in favour of Remain campaign, while this week the “implied probability” came down sixty two percent on Tuesday, 14th June 2016,...

INTL FCStone Inc. company, headquartered in New York, held talks about launch of tea derivatives with representatives of the tea industry in Kenya, said senior vice president of INTL FCStone for developing countries Stewart Ponder. Nairobi Stock Exchange has supported such a proposal. "The ability...

A new and latest study by the McKinsey Global Institute finds that since the financial crisis of 2008-09, investments in the infrastructure sector globally, including the U.S., despite a crying need for better infrastructure form business and citizens alike.   Amidst this environment of...

U.K voting in favour of Brexit will cause economic instability, which would appear in various ways, while an emergency budget of post Brexit has been proposed by Osborne. Chancellor George Osborne has categorically warned that if the Britain votes in favour of Brexit then an “emergency budget” will...

The fall in oil prices has led to the fact that almost 60 thousand people have lost their jobs in Angola. This situation has been observed in the last 12 months. Positions in the field of civil engineering and the oil sector are the most vulnerable now. Head of the Angolan Industrial Association...

A fateful turn of Brexit can cause European recession, fears analysts. The financial markets across the globe demonstrated the fear of Britain quitting the European Nation, which pushed “Asian and European shares” further down, while pound hit “an eight-week low” ground.   The reduced job...

The Pacific Investment Management Co claims that currencies and other assets are set to be whipsawed by a Federal Reserve meeting and a referendum on the future of one of the world’s largest economies.    “We need to be respectful of the technical uncertainty associated with central-bank...

The outflow of capital from China slowed in May, despite the weakening renminbi, reports the Washington-based Institute of International Finance. After two months of growth, China's reserves in May again fell by $ 28 billion to $ 3.19 trillion - and this is the lowest level since December 2011....