Social Security Administration of Finland announced an experiment on unconditional basic income starting from January 1, 2017. The organizers chose 2 thousand men by random-sampling algorithm. They will be receiving an unconditional basic income of 560 euros per month from January 9, 2017 and in...

Negative rates and low debts allowed a strong hold on franc even though it hurt pension and bank funds. Swiss government stands by the policy of central Bank on its “ultra-loose monetary policy” which faced criticism from the parliament members for removing “its cap on the value of the Swiss franc...

Blockchain technology continuous to gain popularity over cross country payments for the banks. As per the information provided by BNP Paribas of France, it made its “first live” blockchain payments to two “corporate clients” which dealt with “various currencies”, whereby highlighting the growing...

Deutsche Bank has still got mountains to climb, a senior director at Blackrock Investment Institute was quoted in the media saying, even while Germany's biggest bank has made great strides to rebuild its credibility.   "If Deutsche Bank doesn't make it, forget European banks as a...

While regional stocks were mixed after Federal Reserve Chair Janet Yellen's upbeat comments, shedding some gains made following killings in Germany and Turkey the yen edged down on Tuesday after the Bank of Japan held policy steady.   While offering a more upbeat view of the economy than in...

Rum would be used by Cuba to pay off its Soviet-era debt.   Using rum and pharmaceuticals instead of money, a debt of $270 million is planned to be paid to the Czech Republic by the cash-strapped island nation.   The Czech finance ministry stressed that it would like at least part of...

With the aim of avoiding the "national disaster" of a "hard Brexit", Scotland will publish proposals very soon for how it can remain in the European single market after Britain leaves the European Union, the Scottish government said very recently.   In order to kick off two years of exit...

While launches during the third quarter slumped to lows not seen since the first quarter of 2009, according to data from Hedge Fund Research (HFR), hedge fund liquidations in 2016 are on track to hit the highest number since the financial crisis.   The total amount of funds under management...

Investment bank Goldman Sachs wrote in a note on Friday that an extension of this year's price rally in base metals and bulk commodities in China into next year will depend on these five important factors. The bank also listed the five factors.   Property demand...