In what would be the first attempt to coordinate and globalize web-based innovation transforming the financial industry, financial technology groups from more than 20 cities across the world plan to form a federation of 'fintech' hubs this year.   Due to its promise - or threat - to...

The U.S. economy needs more public spending to shift into higher gear – is the message that the Federal Reserve chief and her colleagues have for politicians even as markets wait for Janet Yellen's latest message about the direction of monetary policy.   Government infrastructure spending...

The U.S. economic performance matches Fischer’s optimistic views. The Central Bank’s growth as well as inflation targets were almost touched by the U.S. economy, report a “top official”, whereby some observers concluded that the said official was probably expecting a further rise in interest rates...

With growth showing little sign of being curtailed by fallout from the U.K.’s Brexit vote, the euro-area economy maintained its momentum in August.   For a second month in July, a composite Purchasing Managers Index for the 19-nation region rose to 53.3 from 53.2. That reading marks the best...

Federation of the Swiss watch industry has recorded the thirteenth consecutive monthly decline in exports. In July, exports totaled 1.6 billion Swiss francs, which is 14.2% lower than a year earlier. On Tuesday, Federation of the Swiss watch industry published its latest monthly report, from which...

Germany increased its exports to Iran in the first half of 2016 by 15% compared to the same period last year. Total figure amounted to € 1.13 billion, according to data of the Federal Statistical Control of the country (Destatis). Once international sanctions against Iran were lifted, Germany...

Teo Siong Seng sees his life as one immersed in the ancient trading networks of Asia gained from his experiences of being the son of a man who journeyed from China to Singapore and founded a shipping business a half century ago.   Hence as China rejuvenates its Silk Road routes to the...

The best moment to trigger the start of formal talks over the U.K.’s withdrawal from the European Union, according to Prime Minister Theresa May’s team is the first part of 2017, reports Bloomberg quoting two British officials.   May is sympathetic to the case for acting by April at the...

The Mongolian government faces a crushing debt burden and is having trouble meeting its civil service payroll as it has burned through much of its foreign currency reserves.   Very recently, to prop up the tugrik, the world’s worst performing currency in August, the central bank hiked...