Petróleos de Venezuela (PDVSA) is going to invest $ 50 billion in increasing production to 2.5 million barrels per day by 2025. Hector Andrade, PDVSA’s managing director, announced the company's intentions during the 22nd World Petroleum Congress in Istanbul. As the Venezuelan company’s...

Withdrawals beats outflows at GSAM almost by double the amount at GSAM. As per the data presented by Morningstar, the “Asset Management’s mutual funds” of Goldman Sachs saw its investors pulling an “estimated” amount of “$26.7” till date in the year of 2017, reported the Financial Times. As a...

In signs of labor market strength that could keep the Federal Reserve on course for a third interest rate increase this year despite benign inflation, U.S. job growth surged more than expected in June and employers increased hours for workers.   Beating economists' expectations for a 179,000...

A former International Monetary Fund (IMF) economist believes that everyone in the world would be hit by a fallout of the soaring debt levels in China which were a source of serious concern.   "If there's a country in the world which is really going to affect everyone else and...

Saudi Arabia's state-owned oil company Saudi Aramco increased production to a record level of 10.5 million barrels per day at the end of 2016. Experts note that in many respects such dynamics are connected with the fact that Saudi Arabia sought to protect its share of the oil market, especially...

The European Commission's chief Brexit negotiator Michel Barnier said on Thursday that the U.K. cannot expect to leave the single market and keep all of its trade benefits.   If the U.K. decided to leave the EU's single market, "frictionless trade" between Europe and the U.K. would "not (be)...

The way for Israeli firms to access millions of consumers and for Indian companies seeking advanced technologies would be paved by a string of deals signed this week between India and Israel which reflected wider cooperation apart from the long standing cooperation in defense between the two...

Germany is concerned that US President Donald Trump can launch a trade war with Europe, German Foreign Minister Sigmar Gabriel said on Thursday before the G20 summit in the port city of Hamburg. "There are things that cause great concern with that the United States is starting a trade war with...

On Thursday, The European Union and Japan are expected to sign a free trade agreement to protect themselves from the emerging policy of protectionism in the US under President Donald Trump, Reuters reports. Confirming on Tuesday that Japanese Prime Minister Shinzo Abe will meet with heads of EU...