With the aim of raising money from an industry that they say provides less than it should to public coffers, the European Union finance ministers are developing a new way to tax digital companies such as Amazon.com Inc. and Facebook Inc.   The bloc should agree to a tax on revenue -- rather...

The Chinese currency’s rally ended with a sharp weakening. Over the past eight trading sessions, the offshore exchange rate of the yuan has lost 16 figures. Why? The movement of the Chinese currency rarely happens without intervention of the country's monetary authorities. This time is no...

OPEC member producing countries made it clear that their promise to "do all what it takes" to restore the balance in the oil market does not imply a deeper decline in production. In this case, it is time to switch the market's attention from the management of extraction to export management and let...

China's central bank increased liquidity injections at a maximum rate in eight months, as demand for financing rose before the week-end vacation at the end of the quarter, reports Bloomberg. The People's Bank of China poured 300 billion yuan ($ 46 billion) in the country's financial system through...

The markets were confused with the recent launch of missiles by North Korea, and so Head of the largest bank of Japan warned his fellow citizens of the danger, reports CNBC. On Friday, North Korea launched a ballistic missile in the direction of Japan. The rocket flew over the island of Hokkaido,...

According to analysts at HSBC, with the Bank of England deciding to join the other G10 central bankers in the decision to ease off accommodative monetary policy, it is likely that it will act as a wind beneath the sterling’s wings and lift it by at least 15 cents by the end of this year....

The maturing debt could be better invested at ECB thinks Hansson. In an interview with Reuters, the ECB’s member of “Governing Council, Ardo Hansson, said that the bank should introduce a “set of measures” as its “next” step which will cover grounds “beyond a decision on asset purchases”.  ...

After there were media reports that China aims to stop exchange trading of cryptocurrencies by the end of September, bitcoin tumbled significantly and is heading for its worst week since January 2015. The media quoted people familiar with the developments in this aspect.   The media quoted...

Italy, suffering from the second largest debt burden in the euro area after Greece, may be close to solving this problem, writes Bloomberg. This optimistic forecast is partly explained by the economy, which has been growing the 10th consecutive quarter and maintained growth in the last quarter. In...