Search Results for: economy
Armenia passes a new package of laws regulating the local financial markets
October 31st, 2016
The Armenian parliament has passed a package of laws regulating the local financial markets and amendments to the law on the securities market, following close cooperation with the European Bank for Reconstruction and Development (EBRD). The EBRD welcomed the ...
Asian Energy Stocks Fall as OPEC Split Hits Oil; Dollar Gains
October 31st, 2016
Crude drops after OPEC talks end without individual quotas Gold rises after FBI reopens probe of Clinton’s emails Asian energy stocks fell with oil after the world’s biggest crude producers failed to agree on supply cuts, while rising metals prices ...
India to overtake US as ecommerce superpower
October 29th, 2016
India is set to overtake the US as the world’s second largest ecommerce market within the next 20 years thanks to a young, connected and growing middle class, according to research from Worldpay. While India accounts for less than ...
Brexit: Nissan will bring production of its X-Trail vehicle to the U.K; 7,000 jobs are safe
October 29th, 2016
Nissan was a vocal opponent of Brexit and warned that the U.K.’s split from Europe could hurt the economy. That was then. Now Nissan is recommitting itself to Britain. The Japanese automaker, which operates the largest auto factory in ...
What Else Can Central Banks Do?
October 28th, 2016
Central banks all over the world took dramatic actions during the Great Recession and its aftermath. For example, the US Federal Reserve took the “federal funds” interest rate down to near-zero in December 2008 and left it there until ...
Riksbank keeps low repo rate for longer
October 28th, 2016
Low repo rate for longer, Executive Board ready to extend government bond purchases in December The upturn in the Swedish economy is continuing, but the Riksbank assesses that it will take longer before inflation attains the target of 2 ...
Middle East economies rise in doing business rankings; UAE and Bahrain among top 10 improvers
October 27th, 2016
A record 137 economies around the world have adopted key reforms that make it easier to start and operate small and medium-sized businesses, says Doing Business 2017: Equal Opportunity for All, the World Bank Group’s annual report on the ...
This Is What Gold Does In A Currency Crisis, Brexit Edition
October 27th, 2016
In June the UK shocked the world – or at least the world’s elites – by voting to pull out of the European Union. Economists predicted disaster, EU leaders threatened pain for British exporters and tourists, and the ...
Asia shares extend losses, dollar off highs
October 27th, 2016
Asian shares extended losses on Thursday after disappointing earnings from technology giant Apple dragged on Wall Street, while the dollar remained shy of this week’s nearly nine-month highs. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down ...
London banks are reportedly stockpiling Bitcoin to pay off potential ransom demands of cyber criminals
October 26th, 2016
THE threat of debilitating attacks launched by hackers has become so concerning that financial institutions in London are reportedly stockpiling Bitcoin to pay off potential ransom demands of cyber criminals. On Friday in the US, a number of major ...
