For the first time since the financial crisis there was a shrinking in the Canadian economy in the second quarter and put the country in recession. The shrinkage has been attributed to the huge plunge in oil prices taking a toll as business investment fell and inventory accumulation slowed....

Russian President Vladimir Putin submitted to the State Duma a bill that requires the rejection of the dollar in the CIS, which means the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries. According to a posting on the...

Another rocky week ended on Friday as the global markets ended on a lower note, although recuperating quite a bit of their losses. The global markets experiences quite a wild ride this week, which on the Friday evening only closed with “a whimper”. This was resulted by the investors focus being...

The loosened up fund from the Chinese RRR will be optimized by Volkswagen which seeks to increase its sales. Volkswagen will be using the opportunity while the central bank of China released over a “200 million yuan” which equals to “$30 million”. This was singularly aimed at providing “extra help”...

The Chinese devaluation prods the U.S based retailers to change their business strategies, whereby benefiting from the cheap market rates. After the devaluation of yuan which led to lower manufacturing cost in the Chinese industries, many U.S. retailers like “Toys R Us” are in the process of...

After a long span of low oil prices, the U.S market gains a steadier footing. After the low prices of oil market that prevailed for last “six-and-a-half-year”, on Friday, the market reverted back whereby settling down for steady prices whereby recovering equity markets. The news came from the U.S...

The dollar market recovers while the stock market recovers some of its losses, whereby releasing the pressure to buy safe trades like yen. The currency markets gained a showed some upward movement amid its correction period, whereby the dollar strength rose and the stock of Wall Street on Wednesday...

Chinese Banks produce revised interest rates, bringing it further down as stock market tumble yet again. The slump in Chinese stock market in combination with the “stuttering economy” of the nation has alarmed the analysts worldwide. Moreover, now the central-bank of China has cut further...

As the market falls, Alibaba too experiences a slower revenue growth, yet it keeps the strongest grasp on its economy amid its peers. Even though, the company of Alibaba recently sold off some of its share, the stock still remains on the costlier side. Following the initial “$25 billion” public...