The next emerging market that could fall into a crisis is Turkey.   There has been a drop in the country’s currency lira by 2 per cent since the decision of the central bank of the country to keep its key interest rate unchanged at 17.75 per cent which shocked investors. About 27 per cent...

The European Central Bank (ECB) expects that the key rate of interest for the euro area to remain at the current rates for at least through the summer of 2019. This prediction was made by the central banker of the European Union while maintaining the key interest rates earlier this week.  ...

The largest economic disaster every in world history is being faced by Venezuela with prices going out of hand virtually every day.   According to a comment by the International Monetary Fund (IMF) on the country, the Latin American country is "stuck in a profound economic and social crisis"...

Having faced the threat of a significant reduction in the flow of petrodollars due to US sanctions, Iran set to look for allies. So far, the country is still supported by the EU and European countries, which continue their attempts to maintain an agreement on the Iranian nuclear program despite...

Global economy could be undermined by trade tensions, said the G20 group of finance ministers.   Following its two-day meeting in Argentina, the group gave a call for enhanced deliberations for reduction of the risks.   The summit assumed importance because of he protectionist...

The United States President Donald Trump should expect a strong response form the European Union to any new trade tariffs, warned the German Foreign Minister Heiko Maas (SPD).   There is still hope that the trade spats between the traditional trade partners could be solved consensually, Mass...

Even while European Commission President Jean-Claude Juncker meets up with United States President Donald Trump to discuss trade and tariffs, the threatened tariffs on the auto sector would assume the greatest importance because that sector is believed to have the most economic impact.  ...

Approximately half of the distortions in current accounts are excessive and unreasonable in terms of macroeconomic parameters, the IMF study of balance of payments says. The total volume of trade surpluses of all countries, according to the fund, was $ 1.486 trillion (3.9% of world GDP against 4.2%...

The UK is planning the largest change in the M&A rules for almost two decades, giving the government new powers to block deals in all sectors of the economy, so that local companies from sensitive industries do not fall into the wrong hands. Business Secretary Greg Clark wants to tighten up...