The financial authorities of the German state of North Rhine-Westphalia reported that they have transmitted information on suspected Swiss bank accounts to the authorities of 27 European countries. These accounts worth a total of about $ 104 million. The information was obtained during an...

It looks quite sarcastic that the fastest runner in the world is promoting a bank in the fastest shrinking economy in the world. Nevertheless, the use of the well-known image of Jamaican sprinter Usain Bolt on Brazilian Banco Original’s billboards is still justified. Last year, the Bank had...

A recovery in factory activity, investment and household spending in the world's second largest economy appears to be fueled by a surge of new debt even as China posted its slowest economic growth since 2009.   While this comes as good news for many in the near term, there are worries that...

In March, China's exports showed the most significant growth over the last year, by 11.5%, to $ 160.8 billion. Imports continued to decline, but the fall has slowed down. It fell in March by 1.7%. According to experts, such a growth in exports is one of the evidence of stabilization of the Chinese...

The increasing online banking has lead to the management of RBS to decide in slashing down its manpower. According to Trade union Unite, Royal Bank of Scotland will be closing down thirty two branches, whereby reducing as many as six hundred jobs in its “retail division”.   In London along...

Torsten Slok, chief economist for the International Markets in Deutsche Bank, aired the 10 major risks. He is hearing them from customers that consider these factors as hindrances to the market’s potential sources. He admits that the overall picture is rather depressing, yet in general, many of...

Suggesting that there would be no let-up for the beleaguered steel industry's plant closures and job losses across the globe, industry executives said that significant overcapacity will remain in China's steel sector even after planned restructuring.   As the UK foreign minister and a...

A move to negative rates by some of the world's central banks would help deliver extra monetary stimulus and ease lending conditions, said the International Monetary Fund on Sunday.   Around a quarter of the world economy by output is now experiencing official rates that are less than zero...

The economic growth of the last 30 years was largely the result of advances in information technology. The computer and Internet revolution made possible controlling all stages of production and transportation of goods across the globe. The Earth, in the words of economist Thomas Friedman, has...