China authorized to operate a second private bank
Chinese regulators have given the green light to the start of operations of the second private bank, Webank, in the process of reforming the financial sector. The decision of the…
Financial Analysis
Oil continues downhill to a 5 years low in NY and London
Oil prices in New York again fell hard on Friday, a minimum of five and a half years after a cut demand forecasts by the International Energy Agency (IEA). A…
Sharp drop in imports concern investors on the Chinese economic health
The unexpected collapse in imports highlights the difficulties facing the Chinese economy, which in November recorded a record trade surplus despite the slowdown in exports, according to official data released…
The Government of Brazil reduced the growth forecast for 2015 to 0.8%
The Brazilian government today lowered the forecast economic growth in 2015 to 0.8% of gross domestic product (GDP), official sources said. The growth forecast for 2015 has been gradually reduced…
The euro recovered against the dollar in London
The euro recovered against the dollar on Thursday after statements by President of the European Central Bank (ECB), Mario Draghi, who believes that the single currency does not need yet…
Car sales increase on improved US economy
The sustained improvement in the US economy and falling oil prices helped motivate consumers in November, said today the major automakers reported widespread increases in sales in November. The pace of…
“Cyber Monday” grows over traditional sales
US businesses participated today, almost without exception, of “Cyber Monday Fever,” the great day of the sale on the internet, which is expected to exceed sales records as it has…
Oil price falls to new level in five years
Oil prices fell on Monday to its lowest level in five years, weighed down by the OPEC decision last week not to cut production, and sank deeper into Russian ruble…
Tokyo Touching its Highest Level Since 2007 on Good Economic Data
The Tokyo Stock Exchange today started the day with verve and hit its highest level in more than seven years shortly after opening with the publication of some positive economic…
Unemployment in Europe Stays High at 11.5% in October
Unemployment stood at 11.5% in October in the euro area, unchanged from August, falling just one tenth compared to the previous month in Spain, where it stands at 24%, according…
