British banks and financial firms risk getting a time bomb if they do not refuse to use the London Interbank Offering Rate (LIBOR) by 2021, warn regulators. This is reported by The Telegraph. The minutes of the June meeting of the Bank of England's Financial Policy Committee (FPC) underscore fears...

Following the test Fed expressed concerns on Deutsche Bank’s “data capabilities”, control on “capital planning”, besides other weaknesses. Last week, the U.S. subsidiary of Deutsche Bank failed to pass the second phase of the annual “stress tests” conducted by the U.S. Federal Reserve. The reason...

During the election campaign and in the first months of the presidency, Donald Trump has repeatedly called China "a currency manipulator", and threatened to punish the country. To begin with, he decided to officially accuse Beijing of manipulating the yuan, which, incidentally, is still not freely...

According to forecasts this year, the economies of the Middle East will grow by an average of 2.4%, as they are trying to recover from the difficult 2017, helped by rising oil prices and easing financial consolidation measures. Improving security conditions and the progress of economic reforms are...

New rules for the import of goods into the United States from China are coming into effect on Friday. From July 6, they will be subject to an additional 25 percent tax. Thus, Donald Trump tries to punish the PRC for "stealing commercial secrets, unfair trade and the damage to the US economy."...

The United States is pushing various countries to reduce the quantity of oil imported from Iran to zero by November which has the potential to make international trade suffer which is a part of US’s poly to increase pressure on Tehran since it pulled out of the nuclear deal say experts.  ...

Imposing import tariffs on cars and car parts imported from the European Union by the United States would likely result in counter tariffs of American goods worth about $294 billion and would negatively impact its automotive industry, the EU has warned.     Imposing tariffs on cars and...

There can be job losses and “a smaller GM” while there would be isolation of U.S. businesses from the global market if the US administration imposes the higher import tariffs on vehicles as has been announced to be under consideration, warned General Motors Co.   While U.S. President Donald...

In a move that has the potential of strengthening the position of China in its trade spat with the United States, the country has announced slashing of import tariffs for five Asian countries.   China's commerce ministry said that large exporters to China – India and South Korea, as well as...