Hard hit by falling oil prices which make up 95% of foreign income, Venezuela’s president, Nicolás Maduro, has announced the first rise in petrol prices in 20 years and a sharp devaluation of the currency which he said aimed to shore up the flailing economy.   From 0.097 bolivars to 6...

The price drop in various markets has led to the decrease in living cost in the United Kingdom. The beginning of the 2016 brings good news to the UK dwellers as the cost of living in the United Kingdom has just come down further. The said decrease is the result of the price decline in footwear,...

The approaching Lunar New Year in China brings good tidings for the loan applicants as their quota was made broader. China exceeds the loan expectations for the month of January followed by a boost in “increased injections” that came from the Central Bank before the “Lunar New Year”.   As...

Suggesting that two interest rate hikes are likely this year, a Reuters poll says that growing concerns about weak global growth and inflation are unlikely to deter the U.S. Federal Reserve from tightening policy.   With some market players suggesting it was a mistake and that...

The Asian cue pushed the European stocks to open at a high ground. This week began at an “upbeat note” for the European stocks as they received their cue for the “a strong session in Asia”, whereby they ignored the data that was released by Japan and China and brought in disappointment.   In...

Noting a rise of 5% compared with 2014, euro area exports rose to the rest of the world to €2 040.2 billion last year, revealed figures from Eurostat.   The euro area reached a surplus of €246 billion as imports reached a total of €1 794.2 billion in 2015, an increase of 2% compared to the...

Growth in China is slowing, and dragging down all trade in Asia - growth in exports from developing Asian countries, lasted 20 years, is slowing; meanwhile, supply in China over the past year fell by 4%, according to the Institute of International Finance’s study. The changes are structural in...

The Power Finance Corporation reveals an increment in its net profit figure in a comparison with its previous fiscal year’s corresponding quarter. The “Power Finance Corporation” of India which is under state level government announced a marginal rise of “2.6%” in the “standalone net profit” in the...

According to the European Commission, restoration of border control between the EU countries can cost from € 5 billion to € 18 billion. This is only the direct costs. Indirect spending can grow much more, since the borders restoring will a negative impact on the European market, transport and...