Canada can unexpectedly become a world leader in terms of debt. In the fourth quarter, Canadian economy grew by 1.7%. This growth, albeit modest, is explained by cheap loans and growth in consumer spending. Also, households in Canada have one of the greatest indebtedness in the world. For each...

Mexican and American officials intend to accelerate negotiations on the revision of the North American Free Trade Agreement (NAFTA) in order to reach a consensus in principle and avoid political clashes in the future. According to Reuters, US Trade Representative Robert Lighthizer, being impatient...

Indian banks are actively raising funds to meet ever-increasing costs. The largest state bank, the State Bank of India and the largest private bank, HDFC Bank, have raised interest rates. The Punjabi National Bank, the epicenter of $ 2 billion fraud, did the same. This is happening against the...

China has stepped up efforts to limit financial risks by lowering the budget deficit target for the first time since 2012. The target for economic growth is set at around 6.5%, Bloomberg reports. The target deficit for 2018 was reduced to 2.6% of GDP from 3% of GDP in the previous two years.  ...

Trump called the competition from foreign companies "shameful". Now importers will have to pay a duty of 25 percent, and importers of aluminum - 10 percent. The US is imposing a duty on imports of steel and aluminum within the country. Steel importers will have to pay 25 percent; aluminum importers...

Market needs to be allowed to work as people need to find job to use up the “slack” in the labour market. However, if the interest rates are to be increased, the ongoing process of employee hiring would be slowed down. Following the statement made by Jerome Powell, the chairperson of Federal...

The October to December growth figures from India suggest that the economy has the potential to further its recovery.    For the three months ended December, the GDP of the country had grown at 6.9 per cent year-on-year according to a pool of economists conducted by Reuters.  ...

Industrial production in Japan in January showed a maximum decline in almost seven years. Retail sales in the country declined more than expected, reports Bloomberg. Industrial production in January fell by 6.6% compared to December. This is the maximum drop since March 2011, when the country...

The US Federal Reserve System (FRS) will continue to adhere to the policy of a gradual rate hike, the new Congressman, Jerome Powell, promised in his first official speech to the US Congress. Toughening of monetary policy, he said, will contribute to higher inflation, improved external economic...