Housing prices in London showed the biggest drop in eight years in April, as buyers avoided the capital’s central districts, Bloomberg writes. The average asking price in the city fell 1.5% to 636,777 pounds ($ 813 thousand) this month compared to the previous year, which is the largest annual...

At World Trade Organization committee meetings next week, the trade ministry of South Korea is planning to raise the issue of U.S. restrictions on steel imports the ministry said on Friday.   The possibility of new tariffs was raised after U.S. President Donald Trump launched a...

In the beginning, BlackRock has plans of dealing in small consolidations as the drive of M&A is likely to spread industry wide. The C.E.O of BlackRock Inc., Larry Fink, is in charge of the largest asset management system in the world, whereby Fink came up with a waving forecast of “mergers and...

Investors in European lenders are getting cold feet.   Before posting the second-biggest decline among industry groups this month, riding on a wave of optimism over the economic and earnings outlook, an index of the region’s banks rallied to a 15-month high in March. At the same time,...

The Federal Reserve again fined Deutsche Bank. This time, the penalty amount reached $ 156.6 million for violating foreign exchange rules and the Volcker Rule, suggesting that the bank was unable to comply with the terms of the Dodd-Frank Act. Recall that Volcker Rule limits ability of US-based...

Stable oil prices, a change in leadership, weak profitability of hedge funds and other reasons for the American bank’s disappointing results. Losses in Goldman Sachs’ trading division are infrequent. However, recently they put an end to a series of excellent results of the largest American bank and...

Management of General Motors claims that the Venezuelan authorities have illegally seized the company's plant. In this regard, the concern is immediately suspending its activities in the country. "GMV (General Motors Venezolana) unexpectedly passed under the control of the state, which became a...

Even as policymakers scale back subsidies aimed at building sales from relatively low levels and consider tapping the brakes on sales quotas for plug-in cars, China's auto industry is charging ahead with aggressive plans to electrify cars.   To show off numerous battery electric and plug-in...

Dynamics of Alphabet Inc.’s shares may not have pleased investors in recent years, but analysts at Credit Suisse say that the situation will soon change. Last year, Facebook’s shares rose 29%, Amazon - 44%, while Alphabet - only 10%. Yet, this lag may disappear, as YouTube and Google Cloud will be...