In comments that solidified the view the central bank would leave interest rates unchanged next week, Fed Governor Lael Brainard said that the Federal Reserve should avoid removing support for the U.S. economy too quickly.   Brainard said that the United States still looked vulnerable to...

Saudi Arabia elbowed the United States from position of the largest oil-producing country in the world, says report of the International Energy Agency. Expected balance of global oil market has been delayed, the agency warned. Saudi Arabia managed to outflank US oil production. Since May, daily...

Speculation that the European Central Bank is pressuring governments to take up the baton to simulate growth was prompted after a rather muted and lackluster media conference by Mario Draghi, the president of the central bank.   In investors were disappointed as Draghi gave very few hints on...

Economists from Credit Suisse and Morgan Stanley improved growth forecast for 2016 and 2017. They abandoned their expectations of recession, but experts still believe that the decision on Brexit will continue to constrain growth of the British economy. The revision stems from good indicators of the...

Within a month’s period, the pension fund gains “£100bn”. Digitallook reports that overall the deficit of “pension funds” in the United Kingdom has grown by “£100bn” within a month’s time, whereby totalling to “£710bn”. Moreover, the PricewaterhouseCooper’s research showed that the liability of the...

Brexit hit gets recovered in the manufacturing sector of the U.K. According to data, in the month of August 2016, the manufacturing sector in the U.K. performed better than it was expected. The index of UK’s “manufacturing purchasing managers” attained to the highest position on the ten months time...

While shrugging off growing market concerns that the Bank of Japan is reaching its limits after an already massive stimulus program, the bank’s Governor Haruhiko Kuroda signaled his readiness to ease monetary policy further using existing or new tools.   The BOJ head also affirmed that there...

Fresh publication of Cap Gemini’s "World Wealth Report" showed surprising consequences of the world's central banks’ quantitative easing in 2015. Number of millionaires in the world has increased not only in the United States and China, but also in Japan, as well as in the Netherlands and Norway....

The Bank of International Settlements (BIS) noted a tilt away from London towards financial districts in Asia as volumes in global currency markets shrunk in the last three years.   The overall trading in foreign exchange markets averaged $5.1 trillion per day in April 2016, showed the...