Venezuelan President Nicolas Maduro hopes to persuade major oil producers to take concerted action "stop this madness" on the market to. By the "madness", he means the drop in prices to a level of $ 30 per barrel. For Mr. Maduro, recovery in oil prices is crucial given the political crisis in the...

Hungary and Cambodia to boost their economy through trade confirms an agreement. On the 14th of January 2016 Hungary and Cambodia signed onto a “mutual investment protection” agreement whereby both the countries will boost their economy by paving the way through “trade relations”.   The...

Oil decline and sanctions over the conflict in Ukraine that curbed access to international financing has forced Russia's economy to get contracted the most since 2009 last year as the country faces renewed pressure from plunges in energy prices and the ruble.   The Federal Statistics Service...

With a renewed slide in oil prices giving investors few reasons to reassess a darkening outlook for the global economy, a plunge in Chinese share markets capped a miserable day for Asian equities on Tuesday.   With MSCI's broadest index of Asia-Pacific shares outside Japan falling 1.5...

Extending gains from Friday after a rally in battered oil prices prompted a rise in global equities, shares in Chinese and other Asian markets began the week on a firmer note. With Japan’s Nikkei nudging 1% higher and MSCI’s broadest index of Asia-Pacific shares outside Japan up 1.6%, other stock...

Guggenheim Partners estimated total global investments in the Arctic. They totaled $ 432.4 billion. According to the company’s experts, sustainable development of the region will require $ 1 trillion, that is, other $ 567.6 billion are currently lacking. For new investments in the North Pole not to...

In a relatively muted response to hints of more policy stimulus in Europe and Japan that prompted a robust rally in battered oil prices and equities elsewhere, China's fragile shares ended higher on Friday.   The benchmark Shanghai Composite Index managed a rise of just 1.25 percent,...

According to General Director of Deutsche Bank John Cryan, development of digital technology will soon lead to disappearance of cash from circulation. During a panel discussion 'The Transformation of Finance' organized by the Davos forum, head of the Germany's largest private bank said that most...

Some of the world’s biggest oil exporters are trying to curb domestic consumption of fossil fuels and invest in wind and solar power, due to the oil price slump below $30 barrel, according to government officials meeting in Abu Dhabi.   Saudi Arabia, Russia, Iran, Kuwait, the United Arab...