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Tuesday, 15 October 17:48 (GMT -05:00)



Business And Politics News

Fed Cuts Key Interest Rate For The First Time In 10 Years


The U.S. Federal Reserve is reported to have cut the key interest rate, which is something really outstanding since the Fed has done it for the first time since 2009.

Publication date: 11 August 03:05 AM

Saudi Arabia’s Oil Games May Be Dangerous to Both Russia and USA

According to Andrey Gudkov, an observer for Deutsche Welle, the oil games played by Saudi Arabia may present danger to Russia and the USA. The be more specific, the observer says that the Saudis are playing dangerous oil games. They have been playing similar games in security and politics. Now they are playing those in macroeconomics. For instance, it was Saudi Arabia who intentionally disrupted the recent oil summit in Doha. On top of that, the Saudis announced their intention to sell tons of U.S. bonds to a stunning amount of $750 billion. Such unexpected steps may undermine financial markets worldwide and eventually affect a number of major and emerging economies, including Russia and the USA.

Publication date: 22 April 05:26 AM

Brexit May Cost EU 5% GDP

As you probably know, it is still unclear whether the UK is going to stay an EU member. The local officials seem to be against the so-called Brexit. However, the plain folks are going to make the final decision. The thing is that the authorities are going to conduct a Brexit referendum to let the people decide whether to stay in the European Union or quit it.
 
Publication date: 07 April 08:11 AM

Low Oil Prices Affect the Suez Canal

Low oil prices undermined the status of the Suez Canal. They say most ships find it cheaper to sail around Africa rather than sailing through the Suez Canal.  Some market observers believe that the oil market crash resulted in multiple consequences. On top of billions of dollars of lost profits by the world's biggest oil exporters, sailing around Africa is no said to be cheaper than saving time by passing through the Suez Canal.

Publication date: 07 April 04:19 AM

Chinese Economy Recovers Faster Than Expected, HSBC Says

According to HSBC experts, the Chinese economy has stabilized and is on its way to recovery. On top of that, the experts say that the recovery is accelerating and getting faster than expected. To be more specific, the latest economic figures coming from China shows that there is a considerable improvement going on in there.
 
Publication date: 07 April 02:34 AM

IMF Says Global Economy In Jeopardy

The IMF warns about growing risks form the entire global economy, which may end up with a crash. The Fund urges international politicians and financial authorities to start taking urgent steps to stimulate demand and consumption.  
 
Publication date: 07 April 02:16 AM

Russian Central Bank Loads Up On Gold Heavily

Russia’s central bank is reported to have been buying gold at an unprecedented rate. To be more specific, the IMF reports that the central bank purchased 11 tons of gold last month. Given the fact that the People’s Bank of China is still number one in terms of buying gold, the Central Bank of the Russian Federation comes second after its Chinese counterpart. Still, some experts say that the gold purchase stats provided by the People’s Bank of China cannot be seen as reliable since there is no transparent way to confirm those stats. With that being said, Russia may be close to be the biggest buyer of gold to date.
 
Publication date: 06 April 06:44 AM

Why Apple Goes Back To Small-Screen iPhones

In late March, Apple conducted another conference where the corporation introduced its new devices. The presentations took place in Cupertino, where Apple’s headquarters are located. As you probably know, iPhone SE became the focus of the event. SE stands for special edition. Indeed, the device looks like iPhone 5 or 5S but its tech specifications are those compared to iPhone 6S.
 
Publication date: 05 April 05:07 AM

Masterforex-V Expo: Best FX Banks. March 2016

How to make the right decision by choosing a reputable FX broker? How to avoid fakes and scams? Will, the questions seem difficult to answer. Right off the bat, you may answer that this should be an honest and client-oriented company since you are going to trust your money with it. However, it is clear that there are no universal blueprints when it comes to choosing reputable FX brokers. The thing is, all traders are individuals with their own sets of goals, ambitions, aspirations, requirements, fears, and interests. With that being said, the parameters they take into account when choosing reliable FX brokers may vary from trader to trader. Still, there are some key factors that are common for any decent company working in the industry of retail FX brokerage services.
 
Publication date: 24 March 08:04 AM

No Global Financial Crisis This Year, Roubini Says

Famous American economist Nouriel Roubini is sure that there is not going to be any major crisis in 2016. Still, this year is going to be a tough one for international commodity markets as well as many economies out there, especially emerging ones, the expert says. By the way, Mr. Roubini has been famous for his prediction of the 2008 global crisis, which is why he has been enjoying respect in the international financial community ever since.

Publication date: 18 March 10:31 AM

Will China Succeed In Reformatting Its Economy?

The latest economic figures coming from China make the international exert community worry about the fate of the Chinese economy in particular and the entire global economy in general. The thing is, each time Western stock markets start plunging, China is viewed as one of the key drivers affecting those markets along with other markets out there.

Publication date: 10 March 02:40 AM
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