Economics

IMF: Payment imbalance is growing in developing economies

Approximately half of the distortions in current accounts are excessive and unreasonable in terms of macroeconomic parameters, the IMF study of balance of payments says. The total volume of trade…
Published on July 25, 2018
By Iris Barker

The UK to tighten M&A deals rules

The UK is planning the largest change in the M&A rules for almost two decades, giving the government new powers to block deals in all sectors of the economy, so…
Published on July 25, 2018
By Iris Barker

Millions Of UK Households ‘Worse Off’ Compared To 15 Years Ago

A new research from the Resolution Foundation indicates shows that compared to their condition 15 years ago, the conditions of millions of “just about managing” families have barely changed in
Published on July 24, 2018
By Debdutta Ghosh

Chinese Business And Investments Targeted By UAE’s $8b Tech Industry

Dubai is fast turning out to be an attractive trade and investment destination for Chinese investors who are seeking a chance to be a part of the fast-evolving tech industry
Published on July 23, 2018
By Debdutta Ghosh

U.S. Tariffs Could Hard Hit Apple Watch, Fitbit, Etc.

According to government ruling on tariffs, the Apple Watch, health trackers, streaming music speakers and other accessories that are assembled in China could be hit because the latest round of
Published on July 22, 2018
By Debdutta Ghosh

Days Before EU – U.S. Meeting, US Warned On Tariffs By German Industry Groups

The United States itself would be harmed because of the tariffs on iron and steel already imposed by the US President Donald Trump or the ones that he has threatened
Published on July 22, 2018
By Debdutta Ghosh

No Attempt Is Made By President Trump To Manipulate The Currency Markets: Says Mnuchin

Trump’s criticism on dollar’s strength and Fed’s policy does make him break precedent, while the Treasury Secretary assures that the U.S. President supports Fed independence.
Published on July 22, 2018
By Debaleena Bhattacharjee

Coinbase Creates ‘PAC’ To Fund U.S. Election Spending

Political action committee at Coinbase comes following the announcement of refurbishing its trading technology.
Published on July 22, 2018
By Debaleena Bhattacharjee

Customer Service Agents Getting Attracted To Gig Economy: Study Report

The customer service agents are seeking to take advantage of the increasing popularity of the Gig Economy. And customer service agents could be part of the next wave of people
Published on July 21, 2018
By Debdutta Ghosh

Bank Of France Governor Perceives Looming Risks On Global Growth

The economic outlook weighed down by uncertainties appear “relatively less” affective on the inflation outlook.
Published on July 21, 2018
By Debaleena Bhattacharjee

Trump ‘Ready’ To Slap Tariffs On All Chinese Goods Imported Into US: CNBC

According to a report published by news house CNBC, there are indications that United States President Donald Trump would not be averse to slap imp-ort tariffs on all of the
Published on July 20, 2018
By Debdutta Ghosh

Trash Comes To Redeem ‘Venezuela’s Vanishing Manufacturing Sector’

Amid the economic turmoil, two young engineers fabricate difficult to obtain car parts out of trash.
Published on July 20, 2018
By Debaleena Bhattacharjee

Negotiating Trade Deal With US Aim Of EU Officials’ Visit: Trump

Leaders form the European Union are visiting Washington next week to try and iron out a deal with the United States primarily with respect to car the threatened US tariffs
Published on July 19, 2018
By Debdutta Ghosh

‘We’re At War With China’, Says Former Trump Advisor Steve Bannon

It has bene decades that U.S. has been entangled in a trade spat with China, said Steve Bannon, former top advisor to US President Donald Trump, to the media. “We’re
Published on July 19, 2018
By Debdutta Ghosh

Putin-Trump Summit Cost Finland 10 Million Euros

Finnish Prime Minister Juha Sipila said on Tuesday that the country has had to shell out was total of about 10 million euros (11.66 million U.S. dollars) towards the organization
Published on July 18, 2018
By Debdutta Ghosh

Iran hopes to keep its oil export with the help of China

Tehran hopes to protect its oil industry with the help of Asian buyers and, first of all, the Chinese.
Published on July 18, 2018
By Iris Barker

Italy May Not Ratify EU-Canada Free Trade Agreement: Deputy PM

The EU-Canada Comprehensive Economic and Trade Agreement (CETA) will be opposed by Italy as the country’s Deputy Prime Minister Luigi Di Maio said that his country would not ratify deal.
Published on July 17, 2018
By Debdutta Ghosh

Italy’s Future In Euro-Zone Does Not Concern the EU Commissioner

Following the market shaking statement of Italy’s “European Affairs Minister”, the EU commissioner expressed his views.
Published on July 16, 2018
By Debaleena Bhattacharjee

Industry Experts Claim Limited Impact On Shipping By The Ongoing Trade War

The shipping association of one of the very critical port cities of the world claim that the escalating U.S – China trade war has not yet shown any significant evidence
Published on July 16, 2018
By Debdutta Ghosh

‘Nobody Will Divide’ The EU Bloc: Le Maire of France

EU Bloc seems to be determined to stand by each other on U.S. tariff threats.
Published on July 16, 2018
By Debaleena Bhattacharjee

Nasdaq jumps to a record high

US stock indices rose on Thursday. Nasdaq Composite jumped to a record high on the basis of trading results due to the rise in the share price of information technology…
Published on July 13, 2018
By Iris Barker

OPEC can’t control oil prices anymore

On the morning of July 10, a barrel of the Mediterranean brand Brent traded in London at $ 78.5. In the afternoon, the September futures were already worth $ 79.06…
Published on July 11, 2018
By Iris Barker

US-China trade war: China is forced to resort to uncommon measures

The exchange of blows in the trade war between the United States and China is getting tougher. The US has introduced duties on goods, the total value of which is…
Published on July 10, 2018
By Iris Barker

Bank of England warns of LIBOR risks

British banks and financial firms risk getting a time bomb if they do not refuse to use the London Interbank Offering Rate (LIBOR) by 2021, warn regulators. This is reported…
Published on July 5, 2018
By Iris Barker

Deutsche Bank’s U.S. Arm Fails The U.S. Federal Reserve ‘Stress Test’

Following the test Fed expressed concerns on Deutsche Bank’s “data capabilities”, control on “capital planning”, besides other weaknesses.
Published on July 5, 2018
By Debaleena Bhattacharjee

Did China start a currency war?

During the election campaign and in the first months of the presidency, Donald Trump has repeatedly called China "a currency manipulator", and threatened to punish the country. To begin with,…
Published on July 5, 2018
By Iris Barker

Middle East economies are recovering in 2018

According to forecasts this year, the economies of the Middle East will grow by an average of 2.4%, as they are trying to recover from the difficult 2017, helped by…
Published on July 4, 2018
By Iris Barker

FT: Trump tariffs will hit millennials

New rules for the import of goods into the United States from China are coming into effect on Friday. From July 6, they will be subject to an additional 25…
Published on July 3, 2018
By Iris Barker

Experts Fear Further Loss To International Trade Due To U.S. Sanctions On Iran Oil

The United States is pushing various countries to reduce the quantity of oil imported from Iran to zero by November which has the potential to make international trade suffer which
Published on July 2, 2018
By Debdutta Ghosh

Major Hit To Be Faced By US If Car Tariffs Is Imposed, Warns EU

Imposing import tariffs on cars and car parts imported from the European Union by the United States would likely result in counter tariffs of American goods worth about $294 billion
Published on July 2, 2018
By Debdutta Ghosh

‘Smaller’ Company, Lesser Jobs Could Result From U.S. Import Tariffs: GM Says

There can be job losses and “a smaller GM” while there would be isolation of U.S. businesses from the global market if the US administration imposes the higher import tariffs
Published on June 30, 2018
By Debdutta Ghosh

Amid Escalating US Trade Spat, China Cuts Import Tariff For 5 Asian Countries

In a move that has the potential of strengthening the position of China in its trade spat with the United States, the country has announced slashing of import tariffs for
Published on June 30, 2018
By Debdutta Ghosh

China opens to import

In response to accusations of restricting activities of foreign companies on the domestic market, the Chinese authorities promised not to dwell on tariff cuts agreed upon when joining the WTO…
Published on June 29, 2018
By Iris Barker

U.S. ‘Federal Reserve Economic Data’ Includes 4 Series of Crypto-Currencies In Its Database

The inclusion of crypto index in the FRED database signals the maturity of them.
Published on June 28, 2018
By Debaleena Bhattacharjee

France’s EDF & American GE Collaborate To Create Nuclear Reactors In India

With the growing demand of energy in India, the country ties up with American and French experts to create the “biggest” of its kind plant.
Published on June 28, 2018
By Debaleena Bhattacharjee

IMF’s Managing Director Finds Trade Barriers ‘Frustration’

Ten years of international trade re-structuring efforts are being undermined by the introduction of “barriers”.
Published on June 27, 2018
By Debaleena Bhattacharjee

IMF: Active labor policy can ease aging of the population

Only an active state policy on the labor market is capable to partially compensate for the negative trends associated with population aging and production automation in developed countries, the IMF's…
Published on June 27, 2018
By Iris Barker

Water scarcity is killing the economy of India

India is going through the most severe water supply crisis in history: about 600 million people face water shortages on a daily basis, the government's analytical center said.
Published on June 25, 2018
By Iris Barker

Following EU Tariff On £2.5bn US Products, Trump Threatens Tariffs On EU Car

Following the coming into force of retaliatory tariffs by the European Union against American products last Friday on a range of American products imported into the bloc including bourbon whiskey,
Published on June 25, 2018
By Debdutta Ghosh

IMF Says Biggest Risk For The Euro Zone Is Trade Tensions

The biggest economic risk to the eurozone is posed by the ongoing tensions over international trade, claimed the managing director of the International Monetary Fund. Christine Lagarde, managing director of
Published on June 23, 2018
By Debdutta Ghosh

With Trade War Impact Spreading, Chinese Media Calls US Policies Delusional

China should not get deterred by the protectionism policy of the US which it calls the self-defeating and a “symptom of paranoid delusions”, said Chinese media said on Friday. This
Published on June 23, 2018
By Debdutta Ghosh

Greece: Stable but not healthy

After eight years of a financial Odyssey, having passed through financial hurricanes, in the shallow waters of the Eurozone and almost choking in the ninth wave of internal political strife,…
Published on June 22, 2018
By Iris Barker

Ghost employees are undermining economies of the Persian Gulf

The problem of employees that receive money, but do nothing and often don’t even come to work, has acquired the scale of the catastrophe that threatens economic development in the…
Published on June 21, 2018
By Iris Barker

A US-China Trade War Could Make These Asian Economies Suffer

According to experts, trade tensions between the United States and China would badly hurt Asian economies such as Taiwan, South Korea and others in South East Asia. Gareth Leather, senior
Published on June 21, 2018
By Debdutta Ghosh

European Commission Welcomes Paris & Berlin Together On ‘Deeper Euro-Zone Integration’

The European Commission terms Macron and Merkel’s agreement as a “crucial political step”.
Published on June 21, 2018
By Debaleena Bhattacharjee

Emerging equity markets are bleeding

Tightening of the Fed’s monetary policy and the trade confrontation between the US and other countries resulted in a sharp decline in demand for assets in emerging markets. According to…
Published on June 18, 2018
By Iris Barker

Strategist Warns Of Possible Economic Slow Down In U.S. By A Fourth Fed Hike This Year

According to one prominent economist, a more hawkish stance by the United States Federal Reserve could cause a slowdown in the U.S. economy even while many have welcome the Fed
Published on June 15, 2018
By Debdutta Ghosh

Quarterly loss of Xiaomi exceeded $ 1 billion

The Chinese manufacturer of gadgets Xiaomi reported on the results of activities for the first quarter of this year. During the period from January to March 2018, the company incurred…
Published on June 15, 2018
By Iris Barker

Mexican Expert Claims NAFTA Negotiations Bogged Down By Auto Rules Of Origin

According to reports in the Mexican media., there has been a slow down in the talks between the United States, Mexico and Canada on the North American Free Trade Agreement
Published on June 15, 2018
By Debdutta Ghosh

Income inequality is rising in China once again

The period of decline in income inequality in China seems to be over. Without changing the situation, by 2030 this country will return to probably the highest in the world…
Published on June 14, 2018
By Iris Barker