Iraq is getting ready to increase oil production by 50%. This was stated by the Director-General of Basra Oil Company Abdul Jabbar. The company is responsible for mining in the southern part of the country. Jabbar noted that Iraq can now increase production to 5 million barrels per day, and up to 6...

Veteran market watcher David Rosenberg is finding places to put money to work even though he may be one of Wall Street's biggest bears.   And travelling half way around the world to do that is the Gluskin Sheff's chief economist and strategist.   "The one part of the world which looks...

Some improper behavior has already been revealed by a parliamentary commission which is conducting a fresh investigating into allegations against the Italian banking scandals. This was revealed in an interview with the newspaper La Repubblica by the commission’s chairman, Pier Ferdinando Casini....

The Fixed Income Market Structure Advisory Committee (FIMSAC) is likely to look into issues, including minimizing complexities of the municipal bond market and pre-trade transparency. As per regulatory filing, the U.S. Securities and Exchange Commission has taken the first step in the formal...

Saudi Arabia is making rapid strides to diversify its economy and wean itself off its oil-dependent export economy. As per Saudi Arabia’s Crown Prince Mohammed bin Salman, private equity firm Blackstone Group and fund manager BlackRock Inc, are set to open office in the kingdom eyeing lucrative...

The president of the European Council has made it clear that the EU will not deal with Spain and will not entertain any breakaway group. On Friday, Donald Tusk, the president of the European Council stated that the declaration of independence by Catalania’s parliament’s is not likely to have any...

The Norwegian Oil Fund took advantage of favorable market conditions and received revenue for the sixth consecutive quarter, the Financial Times reported. The world's largest sovereign investment fund recorded a yield of 3.2% in the third quarter of 2017. The return on the fund's investments in...

According to the data available from a UBS study that was reported and published on Thursday, with one billionaire created every two days in Asia, the total billionaire wealth has soared to $6 trillion in 2016 globally.   In addition to an uptick in growth in the...

While extending the length of time that its stimulus program runs, the level of bonds it purchases every month was cut by the European central Bank (ECB), it decided on Thursday.   Starting in January, from 60 billion euros, its purchases will fall to 30 billion euros ($35 billion). until at...