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

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

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

In what can be called a black Monday, stocks in the European market nosedived to endure worst day since 2008. Spurred by worries about the slowing down of the Chinese

Rule 48 had to be invoked at the New York Stock Exchange after its futures markets opened to very intense selling on Monday. Rule 48 allows the NYSE to begin

For the first time in six years, the crude oil prices in the US fell below the $40 mark on Friday. The weekly losing streak for crude oil in the

Proving speculations of a slowing economy behind the successive devaluation of the Chinese Currency last week, a private survey showed that China’s factory sector shrank at its fastest pace in

A report published this week assures that humans need not worry about losing their jobs and livelihoods to advancement in technology. The report, studies and prepared by economists at Deloitte

Rising anxiety about the health of the global economy fueled by fading expectations for an imminent U.S. interest rate hike resulted in falls in stocks, oil and the emerging market

Regulations similar to those in place in New York, London could soon have a ceiling in the rent value for its properties, especially for homes. Reports suggest that politicians and

After China now it is the turn of Japan. The economy of the ‘Country of the Rising Sun’, the third largest economy of the world, posted an output contraction of

There is good news for the financial advisers if the analysis of Hartford Funds is to be believed. The form has suggested that in the next couple of years, Youth

The wage gap between the highest paid and the average worker is widening in the UK, according to a recent survey. The survey conducted among CEOs from the UK’s top

Fears of a global oversupply of crude oil following huge stockpiles and refinery shutdowns forced the price of US crude to its lowest in almost six-and-a-half years on Friday. Friday’s

The Eurozone economy fared below expectations in the first quarter, data released on Friday showed. The combined gross domestic product (GDP) of the 19 countries in the Economic block grew

Greece moved one step closer to being able to repay the debt to European Cnetral bank and remain with the Eurozone after its parliament approved a draft third bailout of

After devaluing the yuan for three consecutive days earlier this week and sending jitters through the global markets, the Chinese central bank on Thursday tried to install some confidence among

Astonishing analysts all over the economic world, the Greek economy managed to grow in the second quarter of the current fiscal. The Greek economy, as reported on Thursday, grew by

Despite securing a bailout package on Tuesday, Greece might still need a bridge funding to meet the 20 August deadline for repayment of its debt to European Central Bank which