People in Asia are thriftier than in other regions of the world, and this is one of the most established views about the global economy. This belief is based on a culture associated with the self-discipline of Confucianism, history (memory of deprivation) and public policy (an unreliable social...

Director of the Institute for Digital Currency Research at the People's Bank of China said that the central bank should issue its own crypto currency in the shortest time and that this project is of paramount importance, South China Morning Post writes. Director of the Institute for Digital...

Jerome Powell will become the new head of the Federal Reserve System (FRS) of the US. President of the United States Donald Trump promised to surprise everyone with his choice, but apparently he decided not to risk on such an important issue. The US President announced his decision in the Rose...

The comments come in the wake of the central bank having to manage the consequences of Brexit, including stoking inflation, whose widespread ramifications weren't mapped out during the historic referendum. On Friday, Ben Broadbent, the deputy governor of the Bank of England said the central bank...

Recently, bitcoin has updated a new historical maximum, but many experts still consider the crypto market a bubble. Speculation around bitcoin is "a clear indication of the bubble," said Chief Executive Officer of the Swiss bank Credit Suisse Tidjane Thiam. The rate of bitcoin on Thursday...

Slow negotiations on the renewal of the North American Free Trade Agreement (NAFTA) creates uncertainty among enterprises and can damage investment and growth, said Alf Barrios, Rio Tinto’s Aluminum Executive Director, on Wednesday. Canada and Mexico say that several US proposals for the...

The appreciation of the cryptocurrency can largely be attributed to speculations that it is set to enter the financial mainstream. On Wednesday the price of bitcoins touched its historic zenith of $6,450 on the back of bets that the cryptocurrency is set to enter the financial mainstream following...

Another week, and another IMF’s warning about scenarios of financial collapse. Last week, the IMF published a report on financial stability. In fact, the paper openly declaring that the financial system is on the verge of collapse. The IMF uses the DSGE model to forecast the current global...

Interestingly, the U.S. petitioner’s filing of Chapter 11 bankruptcy under the rarely used section 201, is being opposed by the U.S. industry’s primary trade organization – the Solar Energy Industries Association. On Tuesday, Federal trade officials are set to recommend measures to safeguard...