Economics

Plunge in Oil Prices has Left 5000 Jobless in the North Sea Oil Fields in One Year

The declining global oil prices have not only shattered the market but have also resulted in the loss of than 5,000 jobs since last year in the North Sea oil
Published on September 7, 2015
By Debdutta Ghosh

Rental Income in US Likely to Slow Down after Few More Years

Rental vacancy, the space available for rent, dropped below the lowest point in 30 years which has resulted in net rentals income getting nearly double than what they were about
Published on September 4, 2015
By Debdutta Ghosh

Operation ‘Snail’ in Paris

On Thursday, Paris stuck up in traffic jams - farmers of Brittany and Normandy arrived in the capital on their tractors. They require a change in state policy - not…
Published on September 4, 2015
By Iris Barker

Rate Hike by US Fed May be Delayed Due to Slower Job Growth Data of August

173,000 jobs were added to the American economy in August, which, according to analysts is a weaker than expected result and which could delay the long-awaited increase in interest rates
Published on September 4, 2015
By Debdutta Ghosh

The Miracle of Macao: GDP Fell by 26%? Alright!

The unemployment rate is 25%, the national debt of 170% of GDP, industrial production fell by 26% and the extremely unstable political situation have been extremely traumatic for Greece and…
Published on September 4, 2015
By Iris Barker

Do Not Hike Interest Rates Yet: IMF to G20 Countries

Citing the presence of too many risks to global growth, the International Monetary Fund warned the world’s biggest economies against raising interest rates too soon. The Fund suggested “growth supportive
Published on September 3, 2015
By Debdutta Ghosh

Canadian Economy Shrinks for Second Consecutive Quarter, Fears of Economic Recession Mounts

For the first time since the financial crisis there was a shrinking in the Canadian economy in the second quarter and put the country in recession. The shrinkage has been
Published on September 1, 2015
By Debdutta Ghosh

Russia Proposes De-Dollarization of CIS

Russian President Vladimir Putin submitted to the State Duma a bill that requires the rejection of the dollar in the CIS, which means the creation of a single financial market…
Published on September 1, 2015
By Iris Barker

Global Markets Went Through A Roller Coaster Ride This Week

Another rocky week ended on Friday as the global markets ended on a lower note, although recuperating quite a bit of their losses.
Published on August 31, 2015
By Debaleena Bhattacharjee

RRR Fund Release Enable Volkswagen To Boost Its Car Sales Through Financing

The loosened up fund from the Chinese RRR will be optimized by Volkswagen which seeks to increase its sales.
Published on August 31, 2015
By Debaleena Bhattacharjee

U.S Retailer Business Sector Looks Forward To Optimize The Low China Market Rates

The Chinese devaluation prods the U.S based retailers to change their business strategies, whereby benefiting from the cheap market rates.
Published on August 31, 2015
By Debaleena Bhattacharjee

U.S Oil Market Arrives At A Steadier Ground

After a long span of low oil prices, the U.S market gains a steadier footing.
Published on August 31, 2015
By Debaleena Bhattacharjee

Safe-Haven Bids Are Held On Bay As Dollar Strengthens On Wednesday

The dollar market recovers while the stock market recovers some of its losses, whereby releasing the pressure to buy safe trades like yen.
Published on August 31, 2015
By Debaleena Bhattacharjee

Chinese Banks Cut Their Interest Rates After The Stock Market Takes Another Nosedive

Chinese Banks produce revised interest rates, bringing it further down as stock market tumble yet again.
Published on August 31, 2015
By Debaleena Bhattacharjee

Even In The Slowing Economic Turns, Alibaba Continues To Reign The Market

As the market falls, Alibaba too experiences a slower revenue growth, yet it keeps the strongest grasp on its economy amid its peers.
Published on August 31, 2015
By Debaleena Bhattacharjee

Sarao’s Postponement Plea Rejected By The Court

Sarao, charged of guilty for “Flash crash” of 2010 does not receive any extension period whereby to get expert evidence.
Published on August 31, 2015
By Debaleena Bhattacharjee

Does China Launches Reverse QE by $ 1 Trillion?

The story of China's phenomenal sales volume of US government bonds is gaining momentum. On Thursday, the information received is almost official confirmation, but the problem is also that such…
Published on August 28, 2015
By Iris Barker

Ukraine Reaches Agreement with Creditors, Russia Disapproves Deal

Ukraine, troubled with an ethnic war, avoided failing a debt repayment crisis after it reached what its finance minister called a “win-win” deal with its largest group of creditors. The
Published on August 27, 2015
By Debdutta Ghosh

US Second Quarter GDP Sharply Upgraded, US Markets Rebound

Figures released on Thursday indicate that the US economy grew at a faster pace in the second quarter than previously estimated. The growth in the gross domestic product touched an
Published on August 27, 2015
By Debdutta Ghosh

Russia Took the 1st place at the Cost of Mined Diamonds

Russia is ahead of Botswana on the total value of the diamonds produced and now is holding the 1st place in the world - follows from the statistics of Kimberley…
Published on August 27, 2015
By Iris Barker

Inflation Open to Greater Downside risks says ECB´s Chief Economist

The recent developments in the world economy following the reported slowdown of the Chinese economy and the falling commodity prices has increased downside risks to inflation, Reuters reported the European
Published on August 26, 2015
By Debdutta Ghosh

Fifth Interest Rate Cut in China Since November

In a bid to boost its slowing economy, the People’s Bank of China has cut interest rates for the fifth time since November. While announcing that the rate cuts will
Published on August 25, 2015
By Debdutta Ghosh

European Markets hit Hard Following China Market Rout

In what can be called a black Monday, stocks in the European market nosedived to endure worst day since 2008. Spurred by worries about the slowing down of the Chinese
Published on August 24, 2015
By Debdutta Ghosh

China Cue and World Market Fall Causes US Markets to Start in the Red with a Late Recovery

Rule 48 had to be invoked at the New York Stock Exchange after its futures markets opened to very intense selling on Monday. Rule 48 allows the NYSE to begin
Published on August 24, 2015
By Debdutta Ghosh

Gold Prices Are Climbing A Rising Curve On the Price Graph, Says Analysts

Analysts have predicted that the gold prices are likely to rise releasing the lowest gold exchange deposits at a good price.
Published on August 24, 2015
By Debaleena Bhattacharjee

U.S Oil Prices End At Two Percent Lower, The Lowest On Record After 2009

The falling oil prices in the U.S. trade market raise alarm among the traders. The data attributes this trend on the additional oil rigs that were introduced recently.
Published on August 23, 2015
By Debaleena Bhattacharjee

US Crude Prices Touch $40 Mark, Weekly Losses Longest in 29 Years

For the first time in six years, the crude oil prices in the US fell below the $40 mark on Friday. The weekly losing streak for crude oil in the
Published on August 21, 2015
By Debdutta Ghosh

Poor Chinese Output Report for August Shakes Up Global Markets

Proving speculations of a slowing economy behind the successive devaluation of the Chinese Currency last week, a private survey showed that China’s factory sector shrank at its fastest pace in
Published on August 21, 2015
By Debdutta Ghosh

93 Million Unemployed in the United States. So Trump Was Right?

Donald Trump made the following statement about the US economy in an interview with Time magazine:- In reality, the unemployment rate in our country is probably 21%, not 6%, 5.2%…
Published on August 21, 2015
By Iris Barker

Technology Has Created More Jobs than Destroyed, says a Deloitte Study Report

A report published this week assures that humans need not worry about losing their jobs and livelihoods to advancement in technology. The report, studies and prepared by economists at Deloitte
Published on August 20, 2015
By Debdutta Ghosh

Stocks, Oil and Emerging Currencies hit by Growth Fears

Rising anxiety about the health of the global economy fueled by fading expectations for an imminent U.S. interest rate hike resulted in falls in stocks, oil and the emerging market
Published on August 20, 2015
By Debdutta Ghosh

Retail Sales in the UK Showed an Increase

Retail sales in the UK in July rose by 0.1% compared with the previous month, according to the Office for National Statistics (ONS) of the country.
Published on August 20, 2015
By Iris Barker

New York Like Rent Controls Likely for London to Curb Sky-high Rents

Regulations similar to those in place in New York, London could soon have a ceiling in the rent value for its properties, especially for homes. Reports suggest that politicians and
Published on August 19, 2015
By Debdutta Ghosh

Varoufakis: Europe Needs a New Debt Policy

The problem of public debt of Greece has once again become relevant for Europe. Apparently, this is the most important achievement of the Greek government in the first five months…
Published on August 19, 2015
By Iris Barker

Misleading Effect of Sex in Advertising

The topic of sex pops up quite frequently in advertising, as marketers believe that the cheesecake boosts sales. Mention the frivolous topic undoubtedly increases the interest to the blog articles…
Published on August 19, 2015
By Iris Barker

The Number of New Buildings in the United States Reached a Record for 8 Years

The number of houses, construction of which began in the US in July, rose up 0.2% from the previous month and amounted to 1.206 million in terms of annual growth,…
Published on August 18, 2015
By Iris Barker

Japan Economy Contracts, Delivers Blow to ‘Abenomics” Growth Plan

After China now it is the turn of Japan. The economy of the ‘Country of the Rising Sun’, the third largest economy of the world, posted an output contraction of
Published on August 17, 2015
By Debdutta Ghosh

Millennial Customers Most Lucrative for Financial Advisors in 2015: Hartford Funds Survey

There is good news for the financial advisers if the analysis of Hartford Funds is to be believed. The form has suggested that in the next couple of years, Youth
Published on August 17, 2015
By Debdutta Ghosh

China Warned about the Volatility of the Yuan and Renounced the Currency Wars

China's central bank issued a statement in which it warned investors that the yuan would soon be experiencing fluctuations in both sides. Allegedly, the government does not intend to participate…
Published on August 17, 2015
By Iris Barker

British Corporate Honchos Get Paid 183 Times Compared to the Average Worker

The wage gap between the highest paid and the average worker is widening in the UK, according to a recent survey. The survey conducted among CEOs from the UK’s top
Published on August 17, 2015
By Debdutta Ghosh

Hong Kong’s Economic Growth Surpassed Forecasts

Hong Kong's economy in II quarter 2015 increased by 0.4% compared to the previous three months, the government said in a statement.
Published on August 14, 2015
By Iris Barker

U.S. Crude Oil Market Tumbles Taking Asian Crude Prices With It

Fears of a global oversupply of crude oil following huge stockpiles and refinery shutdowns forced the price of US crude to its lowest in almost six-and-a-half years on Friday. Friday’s
Published on August 14, 2015
By Debdutta Ghosh

Eurozone GDP Misses Forecast in Second Quarter, France Germany Underperform

The Eurozone economy fared below expectations in the first quarter, data released on Friday showed. The combined gross domestic product (GDP) of the 19 countries in the Economic block grew
Published on August 14, 2015
By Debdutta Ghosh

Greek Parliament Votes in Favor of 3rd Bailout Package, 42 Ruling Party Members Oppose

Greece moved one step closer to being able to repay the debt to European Cnetral bank and remain with the Eurozone after its parliament approved a draft third bailout of
Published on August 14, 2015
By Debdutta Ghosh

Chinese Central Bank Tries to Sooth Markets, Says Further Fall in Currency Unlikely

After devaluing the yuan for three consecutive days earlier this week and sending jitters through the global markets, the Chinese central bank on Thursday tried to install some confidence among
Published on August 13, 2015
By Debdutta Ghosh

Surprising Second Quater Growht for Greece; 1.5% Growth in First Two Quarters

Astonishing analysts all over the economic world, the Greek economy managed to grow in the second quarter of the current fiscal. The Greek economy, as reported on Thursday, grew by
Published on August 13, 2015
By Debdutta Ghosh

Carlyle and Symantec Signed a Deal of the Year

Carlyle Group led a group of investors who will participate in the transaction to repurchase at Symantec Corp. its subsidiaries Veritas, dealing with storage of data in the Internet. Investment…
Published on August 12, 2015
By Iris Barker

Greece Might Still Need ‘Bridge Funding’ Despite Securing Bailout Package

Despite securing a bailout package on Tuesday, Greece might still need a bridge funding to meet the 20 August deadline for repayment of its debt to European Central Bank which
Published on August 12, 2015
By Debdutta Ghosh

China Devalues Yuan for the Second Consecutive Day, Sends World Markets Falling

China, arguably the second largest economy in the world, devalued its currency for the second consecutive day creating ripples across all international markets resulting in falls in indices. This was
Published on August 12, 2015
By Debdutta Ghosh