The US Federal Reserve and the Bank of England called on global financial markets to step up efforts to move from the London Interbank Offering Rate (LIBOR) to alternative rates, Reuters reports. The head of the Federal Reserve Bank of New York, William Dudley, speaking at an event of the Bank of...

The world's largest energy companies make big bets on Latin America, although many used to be afraid to work in this region because of protectionist economic policies and the threat of nationalization. Shelf fields of Mexico and Brazil, shale deposits in Argentina and discovery of large reserves of...

The IMF believes that Saudi Arabia is making "good progress" in implementing reforms under the Saudi Vision 2030 initiative, which will help stimulate the country's economic growth. "The government continues to conduct large-scale economic and social reforms to get rid of the dependence of the...

The concept of storage of energy is closely linked to renewable energy where technology for energy storing is amongst the most versatile technologies on the grid. A new report from Navigant Research points out that the manner in which energy is stored is undergoing a paradigm shift because of a new...

Goldman Sachs has removed one of Italy's most famous companies from the list of companies whose shares are recommended for purchase because of approaching establishment of a populist government. Italy has been living virtually without a government for more than two months after the unconvincing...

Portfolio managers of the largest investment funds expect a slowdown in the growth of the world economy, especially in the perspective of rapid tightening of the credit policy of the Federal Reserve System (FRS). However, in the coming year, the market is not expected to slip into recession, so...

The United Nations Department of Economic and Social Affairs published new projections on the global growth in the number of cities and urban population. According to the estimates, by 2030 there will be 43 mega-cities in the world with a population of 10 million people, and by 2050 two-thirds of...

With the concerned brows the finance industry of Britain looks forward to shape the immigration scenario for working staff. Britain’s global banks are going to call for a “special work visa” for being effective after the official exit Britain from the block. This step is being taken to ensure that...

There are three trading risks that are holding back cryptocurrencies from going institutional according to a report by the TABB Group called “Crypto Trading: Platforms Target Institutional Market”.   The report states that while some of the cryptocurrencies went mainstream in 2017, there are...