The European Commission has developed a package of measures to increase use of the euro in strategic areas such as energy, commodities, and aircraft manufacturing, the Financial Times reported. It is assumed that the plan should reduce influence of the US dollar in procurement of energy raw...

Compromising on fuel tax under protests will not affect the budget commitments of France. The government of France decided to suspend the tax increment on fuel which was planned. The said step comes when faced with “violent protests”. However, the Finance Minister of France, Bruno Le Maire informed...

There are very little details of the so called 90 day truce in the US-China trade war along with concerns of whether China would ultimately cow down to US trade demands. But that has not stopped the Trump administration from celebrating it as a significant breakthrough.   "This is just an...

On Tuesday, December 4, experts and analysts of the Danish Saxo Bank Group presented their traditional “shocking predictions” - unlikely, but nevertheless not entirely impossible events that could have serious consequences for the whole world. Experts warned that although this is not the official...

China's banking regulator allowed subsidiaries of local commercial banks specializing in asset management to directly invest in Chinese stocks, reports Reuters. This step is expected to strengthen market confidence amid a slowdown in economic growth. The Commission for the Regulation of Banking...

Italians are threatening their neighbors with exit from the euro area. Investing in European assets should be approached with caution. In March 2018, parliamentary elections were held in Italy. Traditional political parties were defeated. The largest number of votes received the League of the...

The total exports of the G20 countries grew by only 0.3% in the third quarter of 2018, and imports - by 0.7%, according to OECD data. In the second quarter, there was a decrease in the indicator by 0.7% and 0.3%, respectively, in the first quarter - an increase by 5.5% and 5.1%. With the exception...

There could be a possible roll back of the strategy of the United States Federal Reserve of continuing with the increase of interest rates in 2019 as indicated by the Fed Chairman Jerome Powell. The markets are expecting another rate hike in December this year.    The multiple hike in...

Investment bank Morgan Stanley believes that it would be an uphill task for the anti-establishment government of Italy to achieve the growth rate target for its economy that it has set for 2019.   A target of achieving a growth rate for its economy of about 1.5 per cent for the entire of...