Economics
Greece Proceeds With Two Plans To Deal With Bad Loans
Greece is preparing parallely on asset protection scheme for cutting down on the pile “sour loans”.
Published on November 17, 2018
By Debaleena Bhattacharjee
Economics
US Trade Policies Are Not Protectionist, Says U.S. Envoy To Japan
The aim of the protectionist trade policies taken by the United States government under President Donald Trump is to remove trade barriers for American companies and create a more level
Published on November 16, 2018
By Debdutta Ghosh
Economics
US going to increase Trump tariffs for China in 2019
The United States still plans to increase import duties on Chinese goods worth $ 200 billion in January 2019 from 10% to 25%, said US Commerce Secretary Wilbur Ross in…
Published on November 16, 2018
By Iris Barker
Economics
The Booming Indian Economy Could Face Hard Times In The Near Future
Despite India being the fastest growing major economy in the world, there are some teething problems with the economy according to economists. One of the problems is unequal distribution of
Published on November 15, 2018
By Debdutta Ghosh
Economics
Issuing Digital Currency Needs to Be Considered By Central Banks: IMF Chief
The possibilities of issuing digital currency should be looked into by central banks, believes the chief of the International Monetary Fund Christine Lagarde arguing that this would increasing the safety
Published on November 15, 2018
By Debdutta Ghosh
Economics
China Sends A Written Response To US Trade Reform Demands
China has reportedly taken a step that could help trigger staled trade talks between the United States and China and possibly bring an end to escalating trade hostilities between the
Published on November 15, 2018
By Debdutta Ghosh
Economics
UK Minister for Brexit resigns, Pound Sterling falls
The pound sterling fell by more than 1% after the British Minister for Brexit Dominic Raab announced his resignation, according to CNBC.
Published on November 15, 2018
By Iris Barker
Economics
IMF: Chinese economy cannot find the balance
The Chinese economy is still far from a transition to domestic demand as the main source of growth, as well as from refraining from excessive investment in infrastructure, and from…
Published on November 15, 2018
By Iris Barker
Economics
50 Million Electric Cars Could Be Built By Volkswagen: Automotive News
According to an article published in the German trade publication Automobilwoche, Volkswagen Chief Executive Herbert Diess said that the German car maker is getting its electric vehicle platform and battery
Published on November 14, 2018
By Debdutta Ghosh
Economics
IEA forecasts growth in demand for oil and gas until 2040
Despite the growing popularity of renewable energy sources, oil and gas will remain the main energy sources until 2040, according to a report by the International Energy Agency (IEA). Demand…
Published on November 14, 2018
By Iris Barker
Economics
American farmers spur soybean prices
They are building up stocks in the hope that the escalation of the trade conflict between the United States and China will weaken, opening the Chinese market for them.
Published on November 14, 2018
By Iris Barker
Economics
Inflation in Venezuela is about to reach 150 thousand percent
Efforts of the President of the Bolivarian Republic to curb price increases are clearly failing.
Published on November 13, 2018
By Iris Barker
Economics
IMF: Regulators of transition economies finally managed to slowdown inflation
The main reason for the slowdown in inflationary dynamics since the mid-2000s in transition economies was internal factors and a more systematic monetary policy of regulators, and not the influence…
Published on November 12, 2018
By Iris Barker
Economics
An Impending Oil Supply Shortage In 2020s Predicted By Goldman Sachs
According to an estimate by Goldman Sachs, there can be a global shortage in the oil industry in the 2020s because “nobody is allowed to fully invest in future oil
Published on November 9, 2018
By Debdutta Ghosh
Economics
Standoff between Italy and EU continues – but there is only one player that matters
While Italy and the European Union remain in a deadlock over the proposed budget by Rome, analysts are of the view that more importance needs to be given to the
Published on November 9, 2018
By Debdutta Ghosh
Economics
Fed retains key rate
According to the results of the November 8 meeting, the US Fed expectedly kept the key rate at the level of 2-2.25% per annum. Despite the October correction in the…
Published on November 9, 2018
By Iris Barker
Economics
Moody’s: Global economy will slow down in 2019
The growth rate of the world economy in 2018 will reach 3.3%, and in 2019 it will slow down to 2.9%, which will make it difficult for some countries to…
Published on November 6, 2018
By Iris Barker
Economics
Apple’s forecast disappoints investors
In the fourth fiscal quarter of 2017-2018, Apple Inc. increased its net profit by 41%, revenue - by 20%. However, forecasts for the current quarter, which is usually Apple’s most…
Published on November 2, 2018
By Iris Barker
Economics
Value Of Yuan Against The US Dollar Reaches A 10 Year Old Level
Even while the trade war between the United States and China is escalating by the day, the China’s yuan dropped to a historic low of 10 years against the dollar
Published on October 31, 2018
By Debdutta Ghosh
Economics
Chinese oil companies stop buying Iranian oil
The Wall Street Journal reported, citing its own sources that Chinese oil companies China National Petroleum Corp. (CNPC) and China Petrochemical Corp. refused to supply oil from Iran in November.
Published on October 30, 2018
By Iris Barker
Economics
Looming U.S. Sanctions On Iran See Global Crude Oil Prices Falling Last Week
Two issues playing on the minds of investors in the global oil market – US sanctions on Iran and the possibility of US sanctions on Saudi Arabia, potential brought the
Published on October 29, 2018
By Debdutta Ghosh
Economics
Escalating Sino-US Trade War Is Pushing US Firms In China To Consider Relocation
According to a business survey conducted by the American Chamber of Commerce in South China, the intensifying trade war between the United States and China is forcing at least 70
Published on October 29, 2018
By Debdutta Ghosh
Economics
French Finance Minister: the euro zone is not sufficiently prepared for a new crisis
The budget crisis in Italy does not pose a danger to the European Union, but the euro zone is not sufficiently prepared for a new economic crisis, French Finance Minister…
Published on October 29, 2018
By Iris Barker
Economics
FT: EU fails to circumvent US sanctions against Iran
The European Union has not yet found a country that would agree to become the jurisdiction of a special purpose vehicle (SPV), through which settlements with Iran will be made…
Published on October 29, 2018
By Iris Barker
Economics
Italy’s Outlook Lowered To Negative By S&P, Keeps Rating Same
Citing the weighing down of growth and debt prospects of Italy by the country’s government’s policy plans, the outlook of the country’s economy was changed to negative from stable by
Published on October 28, 2018
By Debdutta Ghosh
Economics
World Stocks Set To Record Worst Performing Week In 5 Years
The already existing fears among investors fears about trade war and economic growth was compounded by concerns over corporate profits to drive global stocks lower on Friday and set them
Published on October 26, 2018
By Debdutta Ghosh
Economics
Brexit Uncertainty Forces RBS To Set Aside Provision Of £100m
As the first major UK bank to officially announce a Brexit provision, RBS announced that it is setting aside a sum of £100m to counter any eventuality in the face
Published on October 26, 2018
By Debdutta Ghosh
Economics
World Bank: Poor food quality brings $115 billion of annual loss
Developing countries annually lose $ 115 billion due to poor food quality - this includes productivity losses due to diseases and deaths, the cost of treating eating disorders and losses…
Published on October 26, 2018
By Iris Barker
Economics
GE Power Business Could Get A Boost With A Potential Mega Deal In Iraq
The flagging power business of General Electric got a boost after the company etched a preliminary agreement to rebuild the dilapidated electric power grid of Iraq. But the stage for
Published on October 25, 2018
By Debdutta Ghosh
Economics
Asian stocks lost nearly $ 5 trillion of their value this year and continue to decline
Asian stocks fell on Thursday after falling at Wall Street. Asian stocks have already lost more than $ 4.9 trillion of their value this year, Bloomberg writes.
Published on October 25, 2018
By Iris Barker
Economics
UK is preparing for disruptions of drugs and food supplies due to Brexit
If Brussels and London do not reach a satisfactory Brexit agreement, the delivery of goods to the UK along the main route will be difficult.
Published on October 24, 2018
By Iris Barker
Economics
Italy’s Budget Rejected By EU Commission
According to a report by the Italian news agency AGI, citing EU sources, Italy has been asked to submit a new budget by the European Commission after the administrative arm
Published on October 24, 2018
By Debdutta Ghosh
Economics
S&P: Huge debts threaten China economy
China may face “debt iceberg” and “titanic” credit risks, S&P Global rating agency warned. According to its estimates, the size of off-balance sheet debts of Chinese municipalities can reach 30–40…
Published on October 22, 2018
By Iris Barker
Economics
China Growth Slows Down To Its Slowest In Almost A Decade
China, the second largest economy of the world reported a slowdown in its growth for the three months ended September with a growth rate of 6.5 per cent compared to
Published on October 20, 2018
By Debdutta Ghosh
Economics
Canada legalizes cannabis; tax profits expected to increase
A federal law on the legalization of cannabis for recreational purposes entered into force on Wednesday in Canada.
Published on October 18, 2018
By Iris Barker
Economics
Chinese regions debts are going off-balance
Off-balance sheet debt of the Chinese regions in 2017 reached 37 trillion yuan ($ 5.5 trillion), or 45% of GDP, and this figure is significantly higher than the official debts…
Published on October 17, 2018
By Iris Barker
Economics
Top 10 countries with the most expensive brands
Brand Finance Nation Brands 100 is a global study accompanied by a rating of countries in terms of the value of national brands according to the British consulting company Brand…
Published on October 16, 2018
By Iris Barker
Economics
IEA: Global market is getting accustomed to expensive oil
Weak global growth, trade disputes and high oil prices will limit growth in demand for fuel raw materials to 1.3 million barrels per day in 2018 and 1.4 million bpd…
Published on October 15, 2018
By Iris Barker
Economics
US Dollar collapses along with indices and bonds yield
On Thursday, the US dollar fell against the major currencies of developed countries and most developing currencies, with the exception of the Russian ruble, following the decline in stock indices…
Published on October 12, 2018
By Iris Barker
Economics
World Bank’s New Index Of Investment In ‘Human Capital’ Dominated By Asian Countries
A new measure coined by the World Bank called the “human capital index” which measures youth mortality, schooling and health was dominated by Asian countries. It is possible that lifetime
Published on October 11, 2018
By Debdutta Ghosh
Economics
New Stricter EU Climate Targets Criticised By German Auto Industry
The decision of the national governments in the European Union (EU) to agree to impose stricter targets of carbon dioxide (CO2) reduction in the region has been criticised by the
Published on October 11, 2018
By Debdutta Ghosh
Economics
Trump’s trade war benefits Brazil
The trade war between the United States and China is changing the farming business around the world, supporting Brazilian soybean producers and worsening the position of American farmers, reports Reuters.
Published on October 11, 2018
By Iris Barker
Economics
Study Shows Historic Low Unemployment In Germany Making Hiring Difficult
A recent study conducted by the Institute for Employment Research (IAB), which is the research institute of Germany’s Federal Employment Agency, claimed that the historically low rates of unemployment in
Published on October 10, 2018
By Debdutta Ghosh
Economics
Italy Warned By IMF To Conform To EU Rules On Spending In Its Next Budget
The opposition of the European Union against the plans of the Italian government to borrow more money for an already heavily indebted economy in its next budget was supported by
Published on October 10, 2018
By Debdutta Ghosh
Economics
Chinese Economy Apparently Is Being Hurt By Trump’s “America First” Policy
While it is evident that the American economy has surged ahead – partly because of the massive tax cuts and the “America First” agenda by its President Donald Trump, but
Published on October 9, 2018
By Debdutta Ghosh
Economics
US Unemployment Rate Hits A Record 49 Year Low
The employment scenario in the United States was hardly much better than it is now. With a fall in the rate of unemployment and reaching 3.7% in September, it touched
Published on October 9, 2018
By Debdutta Ghosh
Economics
Chinese buyers refusing to buy the US oil
Although China imposed duties on almost all US imports in response to Washington’s actions, American oil was not subject to restrictions. But it seems that market participants have themselves decided…
Published on October 9, 2018
By Iris Barker
Economics
Chinese stock market collapses on Monday by more than 3.7%
Stock markets in the Asia-Pacific region fell on the first working day of the week following the fall of the Chinese market.
Published on October 8, 2018
By Iris Barker
Economics
End of Secrecy of Swiss Bank accounts as data sharing begins
Switzerland has automatically started to share data of bank account holders in its country with the governments and tax authorities of many countries which officially brings an end to the
Published on October 5, 2018
By Debdutta Ghosh
Economics
Malmström: EC does not exclude new US duties on cars and is preparing a response
The European Commission does not exclude the possibility of the United States imposing new duties on automotive products imports from the European Union, and is preparing to respond to the…
Published on October 5, 2018
By Iris Barker