Economics

UBS Survey Finds Recent Market Crash Was Taken Advantage Of By Few Wealthy Investors

An analysis of the markets by UBS Group AG shows that during the recent correctional phase in the market, there were only about 10 to 15 per cent of investors
Published on February 18, 2018
By Debdutta Ghosh

Portugal pulls through crisis

According to the latest estimates, Portugal's economy grew by 2.7% last year, the Statistical Office of the country said.
Published on February 16, 2018
By Iris Barker

SEC blocks the sale of the Chicago Stock Exchange

The Securities and Exchange Commission (SEC) blocked a deal to sell the Chicago Stock Exchange (CHX) to a group led by Chinese investors, Reuters reports.
Published on February 16, 2018
By Iris Barker

Traders To File For Claim Against Coincheck For Digital Currency Theft

Japan’s framework is question as traders gear up for lawsuit against crypto-currency heist at Coincheck.
Published on February 15, 2018
By Debaleena Bhattacharjee

WEF Report States Travel Costs To Be Slashed By Proliferation Of Electric Vehicles In Global Cities

Travel costs would be reduced by up to 40 percent while CO2 marginal emissions would be reduced to zero in urban areas by the advent of electrified autonomous vehicles, predicts
Published on February 14, 2018
By Debdutta Ghosh

Yuan Allowed To Be Remitted Into China For The First Time By An International Bank HSBC

A change in rules of remittance of the yuan by the Chinese authorities in January saw the first ever international bank assisting in remittance of the currency from a foreign
Published on February 14, 2018
By Debdutta Ghosh

ECLAC Feels Markets Of Central And South America Be Explored By Mexico To Reduce US Dependency

Mexico needs to stop dependence on its trade with the United States for its economy and instead look at expanding and strengthening and diversifying its ties trade relations with countries
Published on February 13, 2018
By Debdutta Ghosh

IEA: The US is getting ready to become the leader in oil production

The International Energy Agency (IEA) said that the US is preparing to become the world's largest oil producer in 2019. The increase in production at shale deposits compensates for a…
Published on February 13, 2018
By Iris Barker

Brexit Uncertainties Have Not Deterred Britain Keeping Its Economy At A Steady Growth Path

The most recent report on the economic performance of the United Kingdom clearly indicates a steady growth despite the uncertainties associated with Brexit. According to figures from the National Institute
Published on February 12, 2018
By Debdutta Ghosh

Andy Haldane: Bank of England will raise the rates carefully

The Bank of England will have to raise interest rates again to fight inflation. However, the regulator is not going to act aggressively, the chief economist of the central bank…
Published on February 12, 2018
By Iris Barker

A Piece Of Good News Was The Case Of The Most Recent Sell Off In The U.S. Market

It was last Friday morning that the wheels started coming off the stock markets. It was at that time that reports of an increase in the average hourly earnings for
Published on February 10, 2018
By Debdutta Ghosh

Annual Growth For U.K. Factories Highest Since 2014 Even As Exports Register Significant Growth

The factory production in the U.K. touched its highest point since 2014 as figures for the same for the month of December was released recently. There was a rise of
Published on February 9, 2018
By Debdutta Ghosh

Rise In Hiring In U.S. With Annual Wage Growth Highest Since 2009

Wages and job growth in the U.S. grew in January to touch the highest annual growth point in over 8-1/2 years which led to enhanced expectations of higher inflations this
Published on February 7, 2018
By Debdutta Ghosh

The EU may restrict Britain’s access to a single market

The European Union wants to be able to restrict access to the UK for a single market during the transitional period after Brexit, Reuters reports citing an official document.
Published on February 7, 2018
By Iris Barker

China forces companies to reduce debt

Politicians and watchdogs in China are working together to get rid of the debt bomb. However, they do not resort to significant increases in interest rates, so as not to…
Published on February 7, 2018
By Iris Barker

Bloomberg: EM stocks can shelter investors from the market turmoil

Stocks of emerging markets can be one of the most reliable shelters from the turmoil in the markets, writes Bloomberg.
Published on February 6, 2018
By Iris Barker

Reuters: China will report a steady growth in January

This week, China is expected to announce a steady growth in January amid mild inflation and growth in bank lending. However, the celebration of the lunar New Year will make…
Published on February 5, 2018
By Iris Barker

The Assets Of ‘Global Institutional Pension Fund’ Reached Record High In 2017

Hong Kong’s market situations have made city to be the strongest performer in the growth list of pension assets.
Published on February 5, 2018
By Debaleena Bhattacharjee

Lloyds Bank Will Not ‘Accept Credit Card Transactions’ For Cryptourrencies Purchase

The fear of running into deep loss has led Lloyd Bank to take step to forbid its customers to use credit cards for buying cryptocurrencies.
Published on February 5, 2018
By Debaleena Bhattacharjee

Workers & Business Organisations Of Small Scale Affected By Carillion Liquidation To Receive Financial Help From British Business Bank

BEIS reports about an additional package to ease the financial difficulties of the Carillion collapse victims.
Published on February 3, 2018
By Debaleena Bhattacharjee

South Korean Government Does Not Intend To Close Down Cryptocurrency Exchanges

Cryptocurrency investors and traders In South Korea were relieved after the finance minister of the country said that the government does not intend to ban cryptocurrency trading. Following news of
Published on January 31, 2018
By Debdutta Ghosh

Level of access to European trade bloc key component in Brexit negotiations

Here is what Norman Blackwell, Lloyds Banking Group’s chairman has to say on Britain future trade relationship with the EU.
Published on January 31, 2018
By Debaleena Bhattacharjee

South Korea’s customs services uncovers cryptocurrency crimes worth $594.35 million

Domestic investors have been caught white washing their forex trades and bringing back the funds as fiat currency.
Published on January 31, 2018
By Debaleena Bhattacharjee

Koichi Hamada: Bank of Japan needs to support abenomics

The next head of the Bank of Japan should support the ultra-soft policy of the central bank, which is a key part of the abenomics, economic adviser to Japanese Prime…
Published on January 31, 2018
By Iris Barker

International Watchdogs Are Preparing To Address The Risks Stemming From Bitcoin At G20 Meet

A ECB board member reports about the international regulators stance towards bitcoin generated risks.
Published on January 27, 2018
By Debaleena Bhattacharjee

Strong, United Europe Can Be Achieved Through Closer Ties, Say French And Italian Industrialists

To achieve a more unified, progressive and prosperous European business environment, closer business ties were identified to be the driver by leading French and Italian industrialists through joint declaration earlier
Published on January 27, 2018
By Debdutta Ghosh

Investing In Britain’s Housing Sector In 2018 Could Be Profitable, Indicates Economists’ Poll

2018 comes with a positive outlook for Britain’s construction sector even though the designated hour of Brexit draws closer.
Published on January 26, 2018
By Debaleena Bhattacharjee

The Absence Of A New German Government Couldn’t Shake The Country’s Economic Confidence

Economists find, the German economy “faring well” even at the backdrop of the current affairs.
Published on January 25, 2018
By Debaleena Bhattacharjee

IMF: American taxes will aid global growth

The beginning of the year can be very successful for the world economy. The International Monetary Fund (IMF) predicts the acceleration of growth in several large countries. The largest increase…
Published on January 23, 2018
By Iris Barker

IEA forecasts record oil production in the US

The International Energy Agency (IEA) raised the forecast for oil production in the US this year by 260,000 barrels a day, to a record 10.4 million barrels per day. According…
Published on January 22, 2018
By Iris Barker

‘Investor Protection Issues’ Are Raised By Bitcoin Based Funds, Says U.S. SEC

While deliberating on the possibility of endorsement of more than a dozen proposed products that are based on cryptocurrencies, the Securities and Exchange Commission of the U.S. has sought clarification
Published on January 19, 2018
By Debdutta Ghosh

Dow Jones overcomes 1000 points for eight trading days

The stock index Dow Jones Industrial Average on Wednesday closed above the mark of 26,000 points for the first time. The index overcame the distance from 25,000 to 26,000 points…
Published on January 19, 2018
By Iris Barker

The World Bank to revise Doing Business for 4 years

Chief Economist of the World Bank Paul Romer said that the organization changed the methodology for compiling the Doing Business rating, as the methods used before provided incorrect information. The…
Published on January 18, 2018
By Iris Barker

Germany’s trade surplus is the largest in the world

The positive balance of the current account of Germany was the largest in the world in 2017, according to the information of the Munich economic institute Ifo, reports Reuters.
Published on January 17, 2018
By Iris Barker

The European Union wants to increase fees from tourists and taxes due to Brexit

The EU budget will lose up to 15 billion euros due to Britain's withdrawal from the bloc.
Published on January 12, 2018
By Iris Barker

Bitcoin Miners At China Sees Canada As A ‘Place For ‘Green Bitcoin’

Growing interests of Chinese bitcoin traders’ in energy rich Quebec show a shifting trend of bitcoin mining sources.
Published on January 12, 2018
By Debaleena Bhattacharjee

Real wages growth: Top 5 countries

Experts of the consulting company Korn Ferry analyzed situation in different countries of the world. They compiled a rating of the countries with greatest growth of real wages in the…
Published on January 11, 2018
By Iris Barker

World Bank Says India To Become The Fastest Growing Major Economy In The World In 2018

According to the World Bank’s Global Economic Prospects released on Wednesday, India is expected to be the fastest growing major economy again in 2018 with a growth rate of 7.3%
Published on January 10, 2018
By Debdutta Ghosh

India softens rules to attract investors

Indian Prime Minister Narendra Modi relaxed restrictions on foreign direct investment in several sectors, including allowing foreign carriers to invest in the state-owned airline Air India Ltd. to revive the…
Published on January 10, 2018
By Iris Barker

Coal Ban Planned To Be Implemented From 2025 Instead Of 2030 In Finland

Finland government has proposed a plan to stop the use of coal by 2025 rather than the 2030 deadline that was earlier set by it last week end. And this
Published on January 9, 2018
By Debdutta Ghosh

Security Pact Between Rival Middle Eastern Airlines Emirates, Etihad Brings Them Closer

Two of the largest airlines of the Middle East and indeed that of the world aviation industry – Emirates and Etihad Airways, have agreed to cooperate with each other on
Published on January 9, 2018
By Debdutta Ghosh

Analysts improved forecasts of world economic growth

Specialists of Barclays Bank revised their forecasts for the growth of world GDP, and now these figures are higher. In 2018, the world economy will grow by 4.1%, in 2019…
Published on January 9, 2018
By Iris Barker

Negotiations with the DPRK reduced risks for the world economy

Resumption of negotiations between South and North Korea is reducing the risk of conflict and, as a result, is lowering threat of serious shocks to the global economy, Bloomberg reports.…
Published on January 9, 2018
By Iris Barker

3 main reasons for a crisis in 2018

Ten years after the beginning of the financial crisis in the world economy, everything is pretty good. A steady growth is observed all over the world, and theoretically, more effective…
Published on January 8, 2018
By Iris Barker

Stronger Than Expected U.S. Jobs Data Pushes Dow Jones To Close Over 25,000 Point For The First Time Ever

The release of strong employment data from the U.S. saw the Dow Jones Industrial Average surpassing the significant 25,000 milestone for the first time ever. According to the National Employment
Published on January 5, 2018
By Debdutta Ghosh

Economists See No Threat In The Declining Graph Of Britain Manufacturers For December 2017

Some economists think that the current slag in the performance of British factories would not give way to further decline, while others see the “vitality” of the sector’s recovery pace…
Published on January 2, 2018
By Debaleena Bhattacharjee

Economic Frustration Deepens To A ‘Crisis Of Expectations’ In Iran

The government of Iran may have to change their conservative policy to pacify the dissatisfied, protesting crowd.
Published on January 1, 2018
By Debaleena Bhattacharjee

Inheritance Boom Would Provide A Chance For Millennials To Reap Huge Rewards

Today’s’ young generation is soon to be hit by an unprecedented inheritance boom soon. But according to a think tank, such a boom would happen at a time that would
Published on December 30, 2017
By Debdutta Ghosh

Chine Attempts To Counter US Tax Incentives And Boost Investment By Offering Tax Breaks

China is bidding to keep back the foreign investments and for this purpose the authorities there are tax breaks for foreign companies in response to the tax overhaul done in
Published on December 29, 2017
By Debdutta Ghosh

Arabian oil companies updated the record of borrowing

The energy companies of the Arab countries of the Persian Gulf have issued a record amount of debt this year, as they decided to take advantage of lower borrowing costs…
Published on December 29, 2017
By Iris Barker