The collapse in oil prices is forcing Saudi Arabia to undertake some deep and fundamental changes to its economy, reforms that no amount of browbeating from organizations like the ... Read More
The dollar firmed on Monday and stocks in North Asia rose after fairly strong consumer spending led to an upward revision in U.S. economic growth in the fourth quarter, ... Read More
Following the examples Finland, Canada and the Netherlands, the Japanese government is considering issuing money ‘vouchers’ to poor young people, according to Sankei daily. Tokyo plans to include gift certificates for ... Read More
Wall Street snapped a five-week winning streak on Thursday, with the three major indexes closing mostly flat, as a strengthening dollar weighed on commodity-related shares. The Dow Jones industrial ... Read More
Moody’s Investors Service has placed on review for possible downgrade the ratings of Deutsche Bank AG (“Deutsche Bank”) and affiliates, including the bank’s long-term deposit rating of A2, its ... Read More
Euro zone businesses end first quarter on brighter note March flash euro zone composite PMI 53.7 * Composite PMI above all forecasts in Reuters poll * Firms cut prices ... Read More
Despite hopes that lower oil prices will stabilise global growth, experience suggests otherwise. Growth was disappointing in 2015 even though the oil price had plunged in 2014. While developed-world ... Read More
Should central banks create money out of thin air and give it directly to governments and average citizens? If you can believe it, this is now under serious consideration. ... Read More
Oil prices tumbled 4 percent on Wednesday, with U.S crude settling below the key $40 per barrel mark after a sixth straight week of record highs in stockpiles that ... Read More
Asia markets ended lower Thursday, amid fresh declines in oil prices and concerns the U.S. Federal Reserve may hike interest rates sooner than expected. Japan’s Nikkei 225 ended down 108.65 points, ... Read More
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