China has become the largest trade partner of Germany for the first time in history. At the end of 2016 the Asian country unseated the US from the first space. The United States are now occupying the third place after France, which retained the second position. This was reported by Federal...

National Front’s programme calls to leave the Eurozone and abandon the euro, as well as to return to national currency, the French franc, pegged to the euro. At that, the government is supposed to be able to conduct a competitive devaluation, which would facilitate orderly and smooth transition to...

British authorities’ plan to release Royal Bank of Scotland (RBS) from its obligation to sell more than 300 branches is at risk to meet tough opposition from the European Commission, before formal negotiations to leave the EU begin. European regulators first ordered RBS to sell its subsidiaries in...

Around 50% of the Norway National Welfare Fund’s capital will be spent over next 10 years, said Head of Norway’s Central Bank Øystein Olsen. He expressed concern about rising costs of funds derived from oil revenues, and added that it is necessary to protect assets of the largest sovereign wealth...

Energy company TransCanada has got a second chance and is asking to approve the pipeline’s route. The company is hinting that new US president, Donald Trump, wanted to get the project into shape and has already signed a decree to accelerate the process. The company wasted no time and without delay...

Some of the foreignness may soon be lost by the U.K.’s equity benchmark.   The process by how nationality is assigned to firms on the global equity indexes are proposed to be changed by the London Stock Exchange Group Plc’s FTSE Russell. And including the 2 trillion-pound ($2.5 trillion)...

By shifting savings from cattle to gold, an experiment with little parallel worldwide is being embarked upon by a landlocked nation perched between China and Kazakhstan.   Kyrgyzstan’s central bank wants every citizen to diversify into gold and the country was one of the first post-Soviet...

South Korea doubled its imports of Iranian oil in January this year compared to the same period in 2016, when Iran went back into the international oil market and began to export increasing volumes of oil in an attempt to regain market share after the Western sanctions. According to preliminary...

This week, the already strained relationship between Venezuela and the United States, got worse.   Saying he oversaw or "partially owned" narcotics shipments of more than 1,000 kilograms (2,204 pounds) from Venezuela, some of which ended up in Mexico and the U.S., the Treasury Department...