Venezuelan President Nicolas Maduro announced an increase in the minimum wage in the country by 300%. As a result, it will grow to 18 thousand Bolivars (about $ 6.52) from 4.5 thousand Bolivars, according to Al Jazeera. During 2018, the minimum wage rose five times. Maduro also promised to...

As the Chinese economy sets itself up to tackle slump in domestic demand and US trade tariffs, the country has apparently lowered its economic growth target for 2019 of 6 to 6.5 percent against last year’s target of “around” 6.5 percent, according to a report published by news agency Reuters....

Volume of foreign trade of China in 2018 in dollar terms reached a record in the entire history of the mark, having increased by 12.6% compared to 2017. However, a slowdown in the growth rate in China is forecasted for this year due to trade wars with the United States. In December 2018, China’s...

The Brazilian government has approved a strategic partnership between Boeing and Embraer, which will set up two joint ventures (JVs), according to a general release of the companies. "Embraer and Boeing welcome the approval of their strategic partnership by the Brazilian government, which will...

It is expected that Japanese prime minister Shinzo Abe would apprise UK’s counterpart Theresa May about the concerns of his country about a no-deal Brexit in a meeting of the two leaders in London.   There are high concerns about a no-deal Brexit for Japan because more than a thousand...

The world economy in 2019-2020 will grow more slowly than in 2018, as follows from a new forecast of the World Bank (WB). Compared to the June estimate, the forecast for 2019 has been reduced by 0.1 percentage points (pp) to 2.9%, due to a drop in activity in global trade and manufacturing, as well...

It is likely that the economic growth for the Chinese economy in 2018 would come to below the 6 per cent level primarily because of a faltering domestic demand, according to a noted economist.   There are clear indications of weaker growth in recent times for the second largest economy of...

South Korean Samsung Electronics Co., the world's largest manufacturer of smartphones and semiconductors, predicts a drop in operating profit in the fourth quarter by 28.7%, to approximately 10.8 trillion won ($ 9.67 billion) compared to 15.15 trillion won for the same period a year earlier....

PG&E Corp was stripped of its investment grade credit rating on Monday by the global ratings agency S&P Global Ratings. The arguments put forward by the ratings agency for lowering the stocks of PG&E included the California power utility  was set to face acute challenges resulting...