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...

Sarao, charged of guilty for “Flash crash” of 2010 does not receive any extension period whereby to get expert evidence. The market of the United States seems to be have been manipulated by a day-trader, based out of London, whereby the subject has been held accused. The manipulation supposedly...

The story of China's phenomenal sales volume of US government bonds is gaining momentum. On Thursday, the information received is almost official confirmation, but the problem is also that such moves have extremely adverse impact on liquidity. Recall that China sold more than $ 100 billion US bonds...

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%.