Economics

China Says Both US, China Should Make Compromises In Trade Talk

China would not trade its sovereignty to achieve a trade agreement and that it would not agree to any trade deal with the United States that undermines its sovereignty, the
Published on June 24, 2019
By Debdutta Ghosh

Facebook cofounder: Libra cryptocurrency is risky

Chris Hughes, one of Facebook founders, believes that with the advent of Libra's cryptocurrency, control over monetary policy will shift from state central banks to private companies.
Published on June 24, 2019
By Iris Barker

So Called ‘Currency Manipulation’ By ECB Targeted By Donald Trump

The central bank of the European Union – the European Central Bank (ECB), has been accused of engaging in unfair manipulation of the euro by the United States president Donald
Published on June 21, 2019
By Debdutta Ghosh

Global gold prices rise above $ 1,400 per ounce for the first time since September 2013

World prices for gold with immediate delivery rose on exchanges in Asia by 1.7% to $ 1,411.63 per ounce. The cost of gold rose above $ 1,400 per ounce for…
Published on June 21, 2019
By Iris Barker

Fed loses patience, says it’s ready to support US economic activity

Following the June meeting, the Federal Reserve System (FRS) of the USA left the key rate at 2.25–2.5% per annum. At the same time, the watchdog declared its readiness "to…
Published on June 20, 2019
By Iris Barker

US-China trade war, slowdown in global economies may drag oil prices down

The oil market may collapse in the event of an escalation of the trade war between China and the United States, analysts of Bank of America Merill Lynch wrote in…
Published on June 19, 2019
By Iris Barker

Italy’s national debt rose to a historic high € 2.373 trln

The size of the public debt of Italy in April of this year set another record and reached a historic high of €2.373 trillion, the country's central bank Bankitalia, said.
Published on June 17, 2019
By Iris Barker

Palladium deficit is pushing prices up

On Thursday, palladium prices updated a one and a half month high, rising to the level of $ 1,440 per troy ounce. China’s plans to stimulate demand for cars, tougher…
Published on June 14, 2019
By Iris Barker

Pompeo Wants India To Open Up Markets For American Companies,

The United States wants India to further open up its economy and market to American companies as well as to “diversify” its energy portfolio, said the US Secretary of State
Published on June 13, 2019
By Debdutta Ghosh

Trump Tariffs Would Impact American Firm’s Results

The import tariffs on imported Chinese products by the Trump administration of the United States would weigh down on their results, warned a number of major American consumer companies. These
Published on June 13, 2019
By Debdutta Ghosh

Will Italy issue its own currency?

The idea of creating a national currency and exit from the euro zone has been discussed in Italy for several years, but now it has again attracted much attention. This…
Published on June 13, 2019
By Iris Barker

Statements of the American authorities pushed up demand for gold

Total assets of the funds investing in gold, updated the ten-week maximum, approaching the mark of 2.24 thousand tons. The growing interest in the precious metal is taking place against…
Published on June 12, 2019
By Iris Barker

Trump Tariff Threat Makes Mexico Less Attractive As Alternative To China For Manufacturing

The threats by the United States President Donald Trump of imposing tariffs on Mexico has curbed the enthusiasm for many companies that were looking at Mexico as an alternative following
Published on June 11, 2019
By Debdutta Ghosh

Raytheon and United Technologies to create defense and aerospace giant

A new defense and aerospace giant will appear in the US: Raytheon and United Technologies have announced a merger. The list of products from both companies is simply immense: Raytheon…
Published on June 10, 2019
By Iris Barker

China introduces American-like export control

Trade relations between China and the United States are deteriorating despite numerous meetings of the parties and attempts to reach agreement. Donald Trump prohibited American companies to working with Huawe…
Published on June 10, 2019
By Iris Barker

Slashing Greenhouse Gas Emission Could Cost 40% Higher For Britain Than Previously Estimated

“BEIS’s own analysis find the costs to be 40% higher”, wrote Hammond.
Published on June 9, 2019
By Debaleena Bhattacharjee

United States is looking for rare earth metals suppliers outside of China

Against the background of reports on the possible restriction of the export of rare earth metals from China, the US Department of Defense is negotiating with other manufacturers.
Published on June 7, 2019
By Iris Barker

IMF: Probability of global recession in connection with new duties is low

Managing Director of the International Monetary Fund, Christine Lagarde, said on Wednesday that the IMF currently does not see the threat of a global recession due to the escalation of…
Published on June 6, 2019
By Iris Barker

An Escalation Of Global Trade Wars Being Predicted By Goldman Sachs

It own expectations of an escalation of the trade was that the United States has waged with China and threatened to do so with Mexico has been revised by Goldman
Published on June 3, 2019
By Debdutta Ghosh

China Agrees To Accept Reasonable Rare-Earth Demand

Amid speculations of China dominating in rare-earth exporters’ market, the country showed signs of meeting other countries’ demand on conditions.
Published on June 3, 2019
By Debaleena Bhattacharjee

UK activists publish offshore rating, find the “axis of tax evasion”

The British non-governmental organization Tax Justice Network (TJN), acting “for fair taxation”, presented the Corporate Tax Haven Index. The paper rates countries by possibilities of tax evasion in corporate law.…
Published on June 3, 2019
By Iris Barker

Mexico Could Strengthen Current Immigration Practices To Placate Trump

Indications that migration control mechanisms could be tightened by Mexico in order to prevent the risks of imposition of tariffs on all goods exported into the United States by President
Published on June 2, 2019
By Debdutta Ghosh

Trump Announces Tariffs On Mexico Over Illegal Immigration Issue

All goods imported into the United States from Mexico would face tariffs if the southern neighbor of the US doe not curb illegal immigration into the US, announced US President
Published on May 31, 2019
By Debdutta Ghosh

No-Deal Brexit Endangers The U.K.’s Future: Hammond

Amid the race to win the seat of Britain’s Prime Minister, the British Finance Minister warns that leaving without a deal from the bloc should not be an option.
Published on May 31, 2019
By Debaleena Bhattacharjee

EC warns the US against arresting European assets in Cuba

The EU authorities have notified the US Chamber of Commerce that they will confiscate the assets of US companies on their territory if American firms try to seize the assets…
Published on May 31, 2019
By Iris Barker

Contraction In Brazilian Economy For The First Time Since 2016

A contraction hit the Brazilian economy in the first quarter of the current year which is the first contraction for the economy since its recession in 2016. According to government
Published on May 30, 2019
By Debdutta Ghosh

UK car production fell in April due to Brexit

The British Society of Motor Manufacturers and Traders (SMMT) reported that automobile production in the country in April fell by 44.5% in annual terms to 70,971 thousand units. This is…
Published on May 30, 2019
By Iris Barker

Low Rates Are ‘A Boon For Banks’: ECB’S de Guindos

ECB’s vice-president sees low rates as a means to recover the economy of Europe.
Published on May 29, 2019
By Debaleena Bhattacharjee

Amid Persisting Low Inflation, ECB Should Review Its Policy: Rehn

Rehn gives his view on what should be ECB’s next course of action vis a vis inflation targets.
Published on May 29, 2019
By Debaleena Bhattacharjee

U.S. Stops Short Of Naming China As Currency Manipulator But Increased Watchlist

The Trump administration of the United States stopped short of labeling China as a currency manipulator once again thereby potentially avoiding an aggravation of the currently acrimonious trade war between
Published on May 29, 2019
By Debdutta Ghosh

ECB Warns Real Economy Can Be Hit Quite Fast By A Full Blow Trade War

There can be “bouts of high volatility” in financial markets because of increasing uncertainty about global economic growth, warned the European Central Bank (ECB). There can be further falls in
Published on May 29, 2019
By Debdutta Ghosh

South Korea In Tight Spot Because Of US-China Trade War

It was just a week ago that the Chinese tech giant Huawei was placed in its trade blacklist by the United States – but that did not stop a delegation
Published on May 29, 2019
By Debdutta Ghosh

US-China trade conflict starts affecting other countries

Negative consequences of the confrontation between the two largest economies began to affect the markets and companies around the world.
Published on May 29, 2019
By Iris Barker

The Frontiers Of Climate Change Battle

The Brazilian coastline mangrove forests stand as sentinels to check soil erosion by taking on the hit from climate change and rising water levels, but we need to save them…
Published on May 28, 2019
By Debaleena Bhattacharjee

Italian Deputy Prime Minister Demand For ECB’s New Role In State Debt Guarantee

The winning leaders of EU parliamentary election suggest EU fiscal rules reform, while Salvini urges for a new role of ECB in state debt guarantee.
Published on May 28, 2019
By Debaleena Bhattacharjee

New York Emerges As The New Global Finance Centre In Survey

Brexit’s shadow of uncertainty has grown into “a full-blown crisis”, reveals annual survey.
Published on May 28, 2019
By Debaleena Bhattacharjee

EU Trade Chief says Ball in U.S. Court to Start Trade Talks

Even though there has been some progress in the talks between the European Union and the United States which is aimed at averting the US from imposing a punitive import
Published on May 28, 2019
By Debdutta Ghosh

China stops buying Iranian oil because of US sanctions

China and a number of other countries refused to buy Iranian oil for fear of falling under US sanctions, The Wall Street Journal reported, citing sources from the Iranian oil…
Published on May 28, 2019
By Iris Barker

It Is Not Possible To Ignore The Growing Alternative Protein Industry

The market for alternative proteins – known by different names such as “plant-based” and “alternative” proteins, is seemingly immense and is slowly turning out to be a growing movement in
Published on May 27, 2019
By Debdutta Ghosh

Brexit Could Potentially Be Injurious To British Steel Sector

“Brexit will not improve the situation for the steel sector but it has the potential to cause a great deal of damage”, says the director general of the “Trade Association…
Published on May 27, 2019
By Debaleena Bhattacharjee

Global Economy Shrouded In ‘High Degree of Uncertainty’: BoJ Governor Ahead of G20 Meet

Downside risks gaping wide as Brexit worries, trade wars, currency depreciation engulf the economy across the globe.
Published on May 27, 2019
By Debaleena Bhattacharjee

New IMF study recommends expanding tax collection, rather than increasing tax rates

Most of the tax reforms in OECD countries, regardless of their schemes, have shown a positive effect on macroeconomic stabilization in the last 40 years. Expansion of the direct and…
Published on May 27, 2019
By Iris Barker

Russia Launches Nuclear-Icebreaker To Strengthen Its Arctic Trade Route

The Arctic promises undiscovered oil reservoirs, and as the climate turns warmer with the year, Russia prepares to the “Northern Sea Route” all around the year.
Published on May 27, 2019
By Debaleena Bhattacharjee

US Trying To Invade Chinese Economic Sovereignty: Chinese State News Agency

China has reacted sharply against the call by the United States to the Chinese government to invest less in the development of its state-owned companies. China has called this US
Published on May 26, 2019
By Debdutta Ghosh

Cost To US Households $100bn A Year Due To China Tariffs, Estimates NY Fed

The economic costs of the trade dispute with China for the United States was highlighted in a recent research report published by the New York Federal Reserve which claimed that
Published on May 24, 2019
By Debdutta Ghosh

New Modi Govt. In India Would Ease Some Business Policies, Hope Foreign Investors

Foreign companies want the incumbent Indian Prime Minister Narendra Modi to soften the protectionist position that the Indian government had taken last year even as they welcomed his election victory
Published on May 24, 2019
By Debdutta Ghosh

British Steel goes bankrupt

One of the largest British steel companies, British Steel, went bankrupt after the British government refused to give it a loan of tens of millions of pounds. The authorities announced…
Published on May 23, 2019
By Iris Barker

Goldman Sachs forecasts falling profits to Apple in case of ban in China

Per share profit of the American company Apple will fall by 29% if the Chinese authorities decide to ban its products in response to US actions against Huawei, analysts at…
Published on May 23, 2019
By Iris Barker

Consortium of Banks Plans To Invest Nearly ‘$50 million’ In Ambitious ‘Digital Cash System’

This time, banks have taken the central banks and regulators on board to ensure that their digital cash has an equivalent value with fiat currency.
Published on May 22, 2019
By Debaleena Bhattacharjee

US Economy Can Be Damaged By Trump’s China Trade War, Says OECD

There can be significant damage to the US economy as well as for the rest of the world if there is an extension of the US-China trade war. This was
Published on May 21, 2019
By Debdutta Ghosh