The U.S. Federal Reserve may provide more detail on its plans to shrink the mammoth bond portfolio it amassed to nurse the economic recovery and due to a tightening labor market, it is widely expected to raise its benchmark interest rate this week.   "The expectation of a rate hike...is...

Even as Qatari Finance Minister Ali Shareef Al Emadi stressed that his country's resilience to any potential economic shocks, he said that Doha won't be the sole loser in an ongoing spat between the oil rich monarchy and seven Middle Eastern governments.   "A lot of people think we're...

Sideswiping investors who had already weathered major risk events in the United States and Europe, sterling spiraled lower on Friday as British elections left no single party with a clear claim to power.   British Prime Minister Theresa May had no way to win an outright majority in...

SoftBank, a member of the Japanese holding SoftBank Group Corp, entered into a definitive agreement on purchase Boston Dynamics and Schaft, two manufacturers of robots owned by Alphabet Inc. The amount and details of the transaction were not disclosed, but the fact of sale was confirmed in both...

Amidst potential disruptions from United Arab Emirates ports refusing ships from the country, natural gas buyers could be spurred to seek greater diversification in sourcing due to Qatar’s diplomatic crisis with its Middle Eastern neighbors.   "Buyers will...

As inflation remains below its target despite stronger economic growth in the euro zone, the European Central Bank is likely to keep the money taps fully open.   The ECB President Mario Draghi is yet to be convinced that the recent rebound in inflation is durable because wage growth remains...

The yen strengthened, and Japanese bonds fell on rumors that the Bank of Japan could change its rhetoric and admit that it is discussing a strategy of curtailing monetary stimulus, reports Bloomberg. The Japanese currency rose against the currencies of all G10 countries after sources reported that...

A few weeks ago, Standard Financial, a bank with assets of $ 488 million and only nine branches, merged with Allegheny Valley Bancorp, an even smaller neighbor in the suburbs of Pittsburgh. The main reason for the merger, explains Standard’s director Tim Zimmerman, is the increased cost of...

The Energy Information Administration (EIA) of the United States has published another short-term forecast on the level of oil production in the country. According to the report, US oil companies will be producing an average of 10 million barrels a day in 2018. Thus, the record set back in 1970,...