Helped by a boost to exports from sterling's post-Brexit slump¸ factories recovered from the initial shock of June's vote to leave the European Union as British manufacturing staged one of its sharpest rebounds on record in August.    After tumbling to a three-year low in July after the...

The plunging of global bond yields as resulted in a tight squeezing of interest income for investors. However on the other side, he various government, may issuers of these bonds, are not complaining.   On a total of roughly $38 trillion in sovereign debt that is outstanding, more than $500...

A global watchdog said on Wednesday that the benefits of rules introduced since the 2008 collapse of Lehman Brothers bank can be seen in the financial system's ability to cope with Britain's vote to leave the European Union and with doubts over growth prospects.   Rules forcing lenders to...

The economists expect “a recovery in the second half of the year” for Greek economy. The performance of Greek economy had an upward movement in the “second quarter”, while the expansion at “0.2 percent” was slower than previous estimation. The economic growth lag was caused by the “weaker consumer...

Cisco has plans to aim “flat sales” in the coming quarter. During the latest quarterly sales’ report, Cisco beat analysts’ expectations “even as it announced lay-offs”, while eyeing into cloud software for securing its future, whereby leading into “flat sales in the next quarter”.   During...

Almost $70 million worth of the virtual currency was stolen from a bitcoin exchange called Bitfinex earlier this month when hackers penetrated a secure authentication system at the exchange.   But this is hardly a rare occurrence in the emerging world of crypto-currencies. After hackers took...

The important free trade talks between the U.S. and the European Union teetering on the brink of collapse and the French and German government ministers have blamed the U.S. protectionism attitude for this.   "Those who are protectionist are Americans, Europe is very open," Matthias Fekl,...

Singapore is losing its export competitiveness to other Asian economies - Vietnam, the Philippines and China. This conclusion is contained in a report released by Swiss bank Credit Suisse. "Rising cost of production" is called one of the main reasons for decline in Singapore's export potential....

Federal Reserve policymakers are already weighing new tools they may need to fight the next recession but are signaling they could raise U.S. interest rates soon.   Fed Chair Janet Yellen told a central banking conference in Jackson Hole, Wyoming that a solid U.S. labor market "has...