Economics

Four countries of the world are home for more than 60% of total number of millionaires in the world (HNWI, high-net-worth individual) according to World Wealth Report by Capgemini Consulting.A…

The financial watchdog of the European Union is of the view that the largest economic block of the world should allow hedge funds from the United States, Singapore and Hong

Exports of crude oil from Arab countries amounted to $ 50.4 billion in the I quarter of this year, local media reported.

Three months ago, when the banking problems in Italy resumed, it was decided to use Atlas financial assistance fund. However, this did not rectify the situation.

With suggestions emerging that future weakness which could pressure the government to roll out more support measures, in the second quarter private investment growth shrank to a record low in

Globalization is an unstoppable force, which inevitably makes the world more united. Now, however, it seems to be receding. Trade growth has not yet reached the pace that had been…

Arguing they violate Beijing’s commitments to the World Trade Organization (WTO) and give an unfair advantage to Chinese manufacturers, the United States challenged China’s export duties on nine key metals

As the industrial sector loses steam and a boost from financial services fades, China’s economic growth likely cooled to a fresh seven-year low of 6.6 percent in the second quarter

Problems of Italian banks, escalated after Brexit, are getting worse day by day. Bad debts of t360 billion can trigger a complete collapse of the banking sector. Now, however, Deutsche…

SNB Chairman Thomas Jordan said in a newspaper interview published recently that the Swiss National Bank must be ready to react flexibly to any short term threats or opportunities arising

For most part of the year, the U.S. Federal Reserve and policymakers were able to plot further interest rate increases due to the dollar, oil prices and economic conditions. However

Exports of US crude oil reached record levels in almost 100 years. At the same time, production and reserves in the country are falling while Europe is purchasing more and…

Back in December 2014, when it became known that Japan was ready to risk hundreds of billions of Japanese pensions to promote and support the stock market, it became clear…

Cuban direction became the fastest growing segment of the online booking service Airbnb in its history. A few months after the beginning of removal of the US sanctions against Cuba,…

The head of London’s financial district said that in order to preserve the City of London’s dominance in financial services after last month’s vote to leave the European Union, Britain

An internal memo prepared by the body responsible for the drafting international tax rules says that the United Kingdom is unlikely to try to lure international investment by becoming a

The first news about results of the UK’s voting on leaving the EU made London’s future as one of the world's major financial centers foggy. Officials from Paris, Frankfurt and…

When there was news that Saudi Arabia announced possible IPO of its state-owned oil company in January, the first reaction on Wall Street was a shock.

The Japanese company Nissan filed a lawsuit against the Ministry of Environment of South Korea. According to the company’s representatives, the authorities has wrongly accused Nissan of cheating and understating…

According to U.K. lawmaker Mark Garnier, there can be a silver lining for Scotland despite all the uncertainty that Scotland faces with the cloud of Britain’s exit from the European

Even while China’s worst economic slowdown in a quarter century batters demand, Gazprom PJSC, the world’s top natural gas exporter, will join hands for a new contract with the Asian

A majority of the UK electorate has chosen to turn its back on EU – the biggest political project in the world and according to Google a lot of the

Irish low-budget airline Ryanair has arranged sale of tickets to Europe, linked to the outcome of the referendum in the UK.

Yesterday, the Organization of Petroleum Exporting Countries (OPEC) has presented a report on situation in the oil production market at the end of 2015. The cartel said that revenues from…

Defending the US Federal Reserve Bank’s approach to the too-big-to-fail issue, the Vice Chair of the bank – Stanley Fischer said that the central bank’s proposals would limit the fallout

Last year's growth of cross-border mergers and acquisitions has increased global flows of foreign direct investment to $ 1.76 trillion. The index peaked since the financial crisis of 2008-2009., according…

The Group of Twenty (G20) have introduced a record number of trade restrictive measures, according to the latest monitoring of the World Trade Organization (WTO).

Confounding OPEC and Saudi Arabia with their resiliency, large and mid-sized U.S. independent producers are surviving and eyeing growth again as oil nears $50 a barrel after about two years

Over the next 20 years, demand for gasoline in the US will decrease by 20% if electric cars account for 35% of the road transport market by 2035, reports consulting…

INTL FCStone Inc. company, headquartered in New York, held talks about launch of tea derivatives with representatives of the tea industry in Kenya, said senior vice president of INTL FCStone…

A new and latest study by the McKinsey Global Institute finds that since the financial crisis of 2008-09, investments in the infrastructure sector globally, including the U.S., despite a crying

The fall in oil prices has led to the fact that almost 60 thousand people have lost their jobs in Angola.

The Pacific Investment Management Co claims that currencies and other assets are set to be whipsawed by a Federal Reserve meeting and a referendum on the future of one of

The outflow of capital from China slowed in May, despite the weakening renminbi, reports the Washington-based Institute of International Finance. After two months of growth, China's reserves in May again…

Saudi Aramco state oil company's IPO can turn into extremely unpleasant consequences for the oil industry in the long term.

Leading indicators released Wednesday by the Organization for Economic Cooperation and Development show that amid other signs that the global economy will avoid a significant slowdown in 2016, economic growth

When it comes to inaccurate statistics, all at once recall China’s fabricated data on exports and imports, intended to hide the flight of capital, as well as "successful" GDP data.