Use of the London Interbank Offering Rate (LIBOR) will be discontinued by the end of 2021, as regulators and banks in the UK want to replace the rate with a more reliable system, reports Bloomberg. Andrew Bailey, head of the Financial Conduct Authority (FCA), which regulates LIBOR, said that the...

In order to launch discussions for a post-Brexit deal as part of the Britain's ongoing efforts to secure its trading future outside of the EU, the U.K.'s International Trade Secretary Liam Fox is visitng Mexico after the U.S.   In order to discuss continuing trade cooperation between...

As a nascent economic recovery and the passage of key economic reforms helped to lure global investors, the busiest week for initial public offerings in Brazil in four years ended last week end on an upbeat note for issuers.   In a Friday IPO, 1.34 billion reais ($426.7 million) was raised...

There are telltale signs of fading enthusiasm in U.S. stocks which have become increasingly difficult to ignore even as the S&P 500 Index clawed its way to a fresh record and squeezed out a third consecutive weekly gain.   The SPDR S&P 500 Trust, the biggest exchange-traded fund...

Analysts say that there are many structural problems that have yet to be resolved to make the Greek economy more sustainable even as the government might be preparing to return to the bond market.   A third financial program since 2010 is being run Greece at the moment which should end next...

In what is a historically high number that bodes poorly for China's overseas buying spree, a secretive U.S. government panel has objected to at least nine acquisitions of U.S. companies by foreign buyers so far this year, reported Reuters quoting sources familiar with the matter.   Becoming...

A secret government group in the US has objected to at least nine acquisitions of US companies' shares by foreign investors this year, Reuters reports citing its own sources. According to the publication’s sources, this is a historically large number of acquisitions, which foreshadows problems for...

The damage that can be done to a debt-laden global economy by the looming interest rate increases was reiterated and is warning about by bond guru Bill Gross.   The course of global central banks toward tightening policy could be perilous for the economic recovery, the Janus Henderson...

In 2008, the central bank of Ethiopia, known for its conservative views, decided to experiment: it allowed banking activities with no interest. Sharia law prohibits usury, so this step was seen as a desire to introduce financial services in the large and usually ower-income Muslim minority....