Following the resounding election victory of the Conservative Party, banks in the United Kingdom are now developing a set of fresh proposals about the manner in which they should be allowed to do business and access customers in the European Union after Brexit. It is likely that the banks, through...

Despite the expansion of the OPEC + deal, the market will face an excess of supply of 700 thousand bpd in the first quarter of next year, the International Energy Agency (IEA) forecasts. At the same time, they expect a slower increase in production by countries outside the cartel (by 2.1 million...

According to the results of the December meeting, the US Federal Reserve System (Fed) left the key rate unchanged at 1.5-1.75% per annum. The regulator also signaled completion of a short period of easing its policy: since July this year, the rate has been reduced by a total of 0.75 percentage...

The new name for the now defunct Nafta deal is the US-Mexico-Canada Agreement (USMCA) which now could smooth the trade between the three North American companies, encourage businesses in these countries and send out positive signals to investors, according to experts.   The bill is now set...

Several reports quoting source information claimed Chinese officials are expecting that the tariffs on Chinese products as threatened by US President Donald Trump that is scheduled to be imposed from Sunday is likely to be postponed by Washington to give some additional time for the two countries...

The Canadian government has accused German carmaker Volkswagen of violating Canadian environmental law on 60 points. “On December 9, 2019, the Volkswagen Aktiengesellschaft was indicted on 60 counts for violating the Canadian Environmental Protection Act of 1999,” the statement on the Canadian...

OPEC + countries agreed to reduce oil production by another 500 thousand barrels per day (bpd) from 2020. At the same time, OPEC leader Saudi Arabia announced its readiness to further reduce production by 400 thousand bpd in the first quarter of 2020, as a result of which the reduction will reach...

According to reports quoting trade officials and documents, people could be forced to pay duties on software and movie downloads if, next week, India or South Africa makes good on threats which would end a 20-year global moratorium on imposing tariffs on digital trade.   Any tariffs on...

One of the biggest oil production cuts this decade is set to be implemented by the oil cartel Organization of the Petroleum Exporting Countries (Opec) and its allies including Russia on Thursday with the aim of further supporting the global crude prices and avoid oversupply in the global market,...