The International Monetary Fund (IMF) has approved a specific bailout package of $17.5 billion for Ukraine in a step to bolster one of the world’s worst under-performing assets. In a swift measure, IMF has nodded to release $10 billion into Ukraine's troubled economy over the next year while the...

According to analysts of the international rating agency Moody's, world’s oil industry giants - Exxon Mobil Corp and Royal Dutch Shell - unlike its competitors will survive the crisis without significant loss. West Texas Intermediate oil: historical record "Both companies have entered into a...

The European Parliament has established a single limit for bank fee payment by credit and debit cards. Lawmakers were in favor of the introduction of the EU single limit for bank fee payment by credit and debit cards. The corresponding resolution was approved today by a majority vote at a...

Time is running fast for Greece with the recent warning from the Eurozone finance ministers advising the debt-ridden nation on Monday to not waste time and push its reforms faster. The nation’s progress is considered slow bv the Eurozone ministers who have been closely monitoring the country ever...

Greek exit from Eurozone will create a contagion impact across the globe. Greek’s uncertain economy once again slipping back towards recession has increased tensions throughout the Eurozone. Since 2010 the Greek economy has underwent debt crisis when the EU discovered irregularities in accounting...

The head of OPEC Abdalla Salem El-Badri said that the actions of the cartel caused serious damage to the industry of shale oil in the United States. In his speech at the opening of the conference MEOS 2015 (Middle East Oil & Gas Show and Conference), the 19th Middle East Exhibition and...