Economics

A global watchdog said on Wednesday that the benefits of rules introduced since the 2008 collapse of Lehman Brothers bank can be seen in the financial system’s ability to cope

Almost $70 million worth of the virtual currency was stolen from a bitcoin exchange called Bitfinex earlier this month when hackers penetrated a secure authentication system at the exchange. But

The important free trade talks between the U.S. and the European Union teetering on the brink of collapse and the French and German government ministers have blamed the U.S. protectionism

Singapore is losing its export competitiveness to other Asian economies - Vietnam, the Philippines and China. This conclusion is contained in a report released by Swiss bank Credit Suisse.

Federal Reserve policymakers are already weighing new tools they may need to fight the next recession but are signaling they could raise U.S. interest rates soon. Fed Chair Janet Yellen

Leaving the door open for a hike as early as next month, the head of the U.S. central bank and other policymakers said on Friday that the Federal Reserve is

After a significant hiatus, multibillion-dollar oil and gas deals are back on the table. Wood Mackenzie Ltd. said that as crude’s recovery fueled hopes of a steadier market, more than

In what would be the first attempt to coordinate and globalize web-based innovation transforming the financial industry, financial technology groups from more than 20 cities across the world plan to

The U.S. economy needs more public spending to shift into higher gear – is the message that the Federal Reserve chief and her colleagues have for politicians even as markets

With growth showing little sign of being curtailed by fallout from the U.K.’s Brexit vote, the euro-area economy maintained its momentum in August. For a second month in July, a

Federation of the Swiss watch industry has recorded the thirteenth consecutive monthly decline in exports. In July, exports totaled 1.6 billion Swiss francs, which is 14.2% lower than a year…

Germany increased its exports to Iran in the first half of 2016 by 15% compared to the same period last year. Total figure amounted to € 1.13 billion, according to…

Teo Siong Seng sees his life as one immersed in the ancient trading networks of Asia gained from his experiences of being the son of a man who journeyed from

The best moment to trigger the start of formal talks over the U.K.’s withdrawal from the European Union, according to Prime Minister Theresa May’s team is the first part of

The Mongolian government faces a crushing debt burden and is having trouble meeting its civil service payroll as it has burned through much of its foreign currency reserves. Very recently,

US regulators have introduced a set of rules to avoid collapse of systemically important credit institutions. However, smaller banks have to merge to cope with costs of meeting these requirements.

Oil production in Norway in July 2016 increased to a record volume for the last five years, exceeding forecasts of experts, said the Norwegian Petroleum Directorate (NPD).

European banks and insurance companies are considering custody of money reserves in cash as more financially justifiable in terms of further rate cuts, writes Financial Times. If the world’s financial…

Major US stock indices S&P 500, Dow Jones and NASDAQ synchronously reached historic highs during trading on August 11. Last time this happened in 1999.

In the second quarter of the year, debt of the US population increased by $ 35 billion to $ 12.3 trillion. Such a growth was triggered by Fed’s low interest…

The emerging economies are gaining the confidence of investors who are being driven by the hunt for yield but this time there are a few key differences this time in

EU authorities have established new fiscal targets for Spain and Portugal after cancellation of penalties to these countries for the failure of budgetary obligations.

After Republican presidential nominee Donald Trump gave a glimpse of economic agenda in a speech in Detroit on Monday, it is but pertinent to compare his strategy with both the

In its efforts to stave off the worst of a cash crunch among its banks, Saudi Arabia may be embarking on a new phase. Sources conversant with the functioning of

Brazil now is full of problems: the economy is in recession, high-ranking officials proved involved in the corruption scandal around Petrobras, President was barred from the office, Zika virus epidemic…

An ominous message has been delivered by one of Wall Street’s most closely followed bulls about how the Zika health crisis could impact markets in the weeks to come even

Manufacturers and sellers of Scotch whisky recorded growth of export sales. This was facilitated by depreciation of the pound against the background of the Brexit referendum’s results and decision of…

Britain’s oldest independent think-tank is of the opinion that the first quarterly contraction in almost four years would be marked this time as the U.K. economy is likely to shrink

As Prime Minister Shinzo Abe seeks to bolster the economy without abandoning targets for improving fiscal health, Japan’s government announced 4.6 trillion yen ($45 billion) in extra spending for the

Things may be turning the corner for iron ore after the market for the steel-making commodity was is decline since 2011 amid an extended commodities crash. It is however not

While disappointing investors who had set their hearts on more audacious measures but yielding to pressure from the government and financial markets for bolder action, the Bank of Japan expanded

From the beginning of the year, price for zinc increased by more than 40%, becoming the fastest growing in the non-ferrous metal segment. The investors' interest is fueled by concerns…

Joining GlaxoSmithKline Plc in a vow to bolster British employment following the nation’s historic vote to leave the European Union, McDonald’s Corp. has said that it will create more than

The world is catching Pokemons, and economists and analysts are calculating the game’s impact on the economy. Do you know how much energy is consumed by one Pokemon Go player?

While stopping short of signaling that the move could come as soon as September, Federal Reserve policy makers took a step toward raising interest rates later this year. After their

In an accord that would be the fund’s biggest aid package in a region pummeled by political unrest and the plunge in oil prices, Egypt plans to secure a $12

With the aim of doubling the country’s capacity to produce petrochemicals over the next decade and as a part of its push to attract $60 billion in foreign investment, Iran

Vatican and the Bank of Italy have signed a key agreement on cooperation aimed at regulating their relations after years of Italy’s mistrust to Vatican’s financial affairs.

Opening up the potential to significantly expand energy production in a region that’s currently a big importer, a joint expedition by India and the U.S. discovered a major deposit of

At first glance, decision of Nigeria to move to a floating exchange rate last month, and announcement of a merger of two UAE banks have little in common.

Following the damaging findings that financial institutions in the city-state handled money flows linked to Malaysian state fund 1MDB, Singapore’s central bank said it will enhance controls against money laundering

Key economic regulators assessed the UK’s exit from the EU as the most significant threat to the global economy’s growth since the crisis of 2008-2009. This follows from the statement…

More mergers likely in America’s largest health insurance sectors are on the list after the potential bust-up of two mega deals among the country’s largest health insurance companies. Citing reasons

The European Commission (EC) is developing a plan on recognition China as a market economy, but only if the country’s government abolishes anti-dumping duties and significant reduces excess capacity in…