Brexit-related contingency plans will become operational only when there is evidence to support their launch: Philip Hammon, Chancellor of the Exchequer. In what could be the clearest sign of Britain’s Brexit strategy, Philip Hammond, the British politician who is the chancellor of the exchequer...

Financial institutions and banks likely to decide Brexit-related relocation strategy in early 2018. On Wednesday, a senior official from Britain’s finance ministry said many international financial services, including banks, who are currently based out of Britain are likely to decide whether they...

The bad debts of Indian banks in late June reached a record 9.5 trillion rupees ($ 145.56 billion). This is reported by Reuters with reference to unpublished data, which indicate that Asia's third largest economy is far from solving the problem of overdue loans. As noted by Reuters, an overview of...

The fourth round of talks on the revision of the North American Free Trade Agreement (NAFTA) begins on Wednesday, and time is running out for Trump's negotiators to conclude a new deal, CNNMoney writes. Before that, there was little information about any progress in the negotiations between the US,...

30% of the European Union’s 915 billion bad loans are located in Italy, no wonder the proposal has tread on a nerve. On Tuesday as per a letter published by the Italian Press states that the head of the European Parliament has told Mario Draghi, the President of the European Central Bank (ECB) that...

Japanese advertising giant Dentsu will have to pay a penalty for excessive hours its employees spent at work. Overtime has long been a serious problem in Japan, and the government has repeatedly criticized this practice. In many cases, including in the case of Dentsu, excessive hours cause death of...

The hurricane did not take place. Hurricane Nate, which could become the third consecutive devastating natural disaster in America, weakened and is no longer posing a serious threat. Meanwhile, oil companies have already begun work to restore production in the Gulf of Mexico. Even on Saturday, the...

While the LSE’s LCH unit has been the predominant clearing house for IRSs in Europe, with Brexit’s growing uncertainly, banks including Deutsche Boerse are taking steps to move voluminous transactions to Eurex, German clearing unit. p { margin-bottom: 0.25cm; direction: ltr; color: rgb(0, 0, 10);...

Despite recent tensions in Spain with Catalonia possibly declaring independence in the coming days, the rise of populist politics in Italy should still be front and center for investors in Europe.   "Italy is not generating sustained growth and it still has the issue of bad loans," a...