Market

Italian PM Renzi speaks during a media conference after a referendum on constitutional reform at Chigi palace in Rome

Italy passes 2017 budget, paving way for PM Renzi’s resignation

07/12/2016(0)
The Italian parliament on Wednesday gave its final approval to the government’s 2017 budget, which has irked the European Union, paving the way for Prime Minister Matteo Renzi to ... Read More
oecd logo

G20 merchandise trade growth remains sluggish in Q3 2016

07/12/2016(0)
Growth in G20 total international merchandise trade, seasonally adjusted and expressed in current US dollars, slowed in the third quarter of 2016. G20exports fell marginally, by 0.1%, compared to a ... Read More
oil

Oil slips on doubts that output cut will be deep enough to end glut

07/12/2016(0)
Oil prices slipped on Wednesday on persistent doubts whether a planned crude production cut led by OPEC and Russia would be deep enough to end a supply overhang that ... Read More
Monte dei Paschi bank

Can the world’s oldest bank survive Italy’s upheaval?

06/12/2016(0)
The world’s oldest operating bank is racing to avoid a government bailout. Italy’s Monte dei Paschi di Siena (BMDPF) is trying to salvage a rescue plan that would see ... Read More
gold

Gold Standard Approved for Islamic Finance, Opening New Market

06/12/2016(0)
Standard is ‘ground-breaking initiative’: World Gold Council SPDR Gold Trust, biggest ETF backed by gold, may qualify Gold is acceptable for the first time as an investment in Islamic ... Read More
Derricks at Yuganskneftegaz oil processing facility at Mamontovskoye oilfield outside the Siberian ...

Oil price heads to $55 despite expected output rise

06/12/2016(0)
Russia and Saudi Arabia predicted to increase exports before agreed cuts start in January The oil price is powering on, adding to a 14 per cent advance since the ... Read More
switzerland

Switzerland moves to end banking secrecy

05/12/2016(0)
Today, the Federal Department of Finance (FDF) initiated the consultation on introducing the automatic exchange of information (AEOI) in tax matters with a series of other countries. The AEOI ... Read More
eastmed

Med gas pipe viable: Israel, Greece, Cyprus to hold second trilateral summit

05/12/2016(0)
Energy issues and emergency rescue cooperation will top the agenda when leaders of Israel, Greece and Cyprus meet this week in Jerusalem for their second trilateral summit in less ... Read More
Italian Prime Minister Matteo Renzi speaks during a media conference after a referendum on constitutional reform at Chigi palace in Rome

Italy’s Renzi vows to resign after crushing referendum defeat

05/12/2016(0)
Italian Prime Minister Matteo Renzi vowed to resign after suffering a crushing defeat on Sunday in a referendum on constitutional reform, tipping the euro zone’s third-largest economy into political ... Read More
gold_dollar_market

Credit cycles and gold

03/12/2016(0)
The Trump shock produced some unexpected market reactions, partly explained by investors buying into a risk-on argument,equities over bonds and buying dollars by selling other currencies and gold. This ... Read More
Broker Cyprus TopFX