Ukraine, troubled with an ethnic war, avoided failing a debt repayment crisis after it reached what its finance minister called a "win-win" deal with its largest group of creditors. The deal would ease repayments on its $18 billion debt giving the debt strapped country some breathing space to try...

Figures released on Thursday indicate that the US economy grew at a faster pace in the second quarter than previously estimated. The growth in the gross domestic product touched an annualized 3.7% instead of a previously projected growth rate of an estimated 2.3%. The growth rate was even higher...

Russia is ahead of Botswana on the total value of the diamonds produced and now is holding the 1st place in the world - follows from the statistics of Kimberley Process Certification Scheme (KPCS). At the same time, Botswana still leads in the average price per carat. Russia, which has...

The recent developments in the world economy following the reported slowdown of the Chinese economy and the falling commodity prices has increased downside risks to inflation, Reuters reported the European Central Bank´s chief economist Peter Praet as saying on Tuesday. The ECB chief economists...

In a bid to boost its slowing economy, the People's Bank of China has cut interest rates for the fifth time since November. While announcing that the rate cuts will become effective on 26 August and are aimed at reducing corporate borrowing costs, the Chinese central bank reduced the benchmark...

Spurred by worries about the slowing down of the Chinese economy at a rate that is higher than anticipated, European stocks plunged Monday, joining in a sell off in global equities.

There was a drop of 5.3% in Stoxx Europe 600 that closed at 342.01. This marked the cross European market benchmark’s biggest one-day percentage loss since December 2008, the period of the global economic recession. There were just a few elements that managed to move higher in the index like the Spanish renewable-energy Abengoa SA being among the top companies to make advances as it closed up 4.8%.

Rule 48 had to be invoked at the New York Stock Exchange after its futures markets opened to very intense selling on Monday. Rule 48 allows the NYSE to begin trading in stocks without providing indications.   These were a result of the worldwide crashing of the markets on Monday that send...

Analysts have predicted that the gold prices are likely to rise releasing the lowest gold exchange deposits at a good price. Leading industry analysts at a conference have said that in the next couple of months, people should not be surprised to see that prices of gold rise to levels above $1200 an...

The falling oil prices in the U.S. trade market raise alarm among the traders. The data attributes this trend on the additional oil rigs that were introduced recently. Following the financial crisis of 2009, this has been the first time that the United States has witnessed the oil trade market...