The U.K. chairman at KPMG said that amid uncertainty over when the U.K. will leave the European Union (EU),, the pound will remain volatile.   "There's nothing sort of implicitly good for the pound at the moment, and there's volatility," Simon Collins said on a television interview.  ...

The European Central Bank firmly shot down any talk of tapering its 1.7 trillion euro asset-buying program but kept the door open to more stimulus in December even as it left ultra-loose monetary policy unchanged.   ECB President Mario Draghi emphasized that a long-awaited rise in inflation...

The Swedish krona is falling free (the currency become cheaper by almost 10%, to $ 0.1135, since April). One of the largest companies in the country, telecommunications giant Ericsson, is having serious problems and planning massive cuts, Bloomberg says. The agency notes that the Scandinavian...

No country in the world attract as much foreign investment as the United States do, according to a recent study by Organization For International Investment. Overall, volume of investments received from abroad reached $ 3.1 trillion in 2015. This is 37% more than in 2010. Much of this growth is...

Yet another downside to how little is left of the country’s middle class is being discovered by the Bank of Russia.   Due to growing wealth inequality and the disappearance of the middle-income households that are the most sensitive to interest rates and prices are putting at risk the...

Wall Street Journal, citing data from the US Department of Agriculture. Milk was poured directly on fields, into compost pits, was given livestock or even left in the middle of the road during transportation. Surplus of milk would be sufficient to fill 66 Olympic swimming pools, and it's the...

Amid the woes of investors as pound fell, the economy exhibited a shock absorbing capacity. The deputy governor of the Bank of England, Ben Broadbent, stated in a interview that the fall of pound following Britain’s vote to quite the European Union has “acted as an important shock absorber” on the...

Chinese state-owned Sinochem and ChemChina are in talks to merge. The deal could give rise to a world leader in the field of oil refining, chemicals and fertilizers revenues, learned Reuters. Sinochem Group and ChemChina started discussing a possible merger at instigation of the central government...

For the first time in 25 years, Norway can get a shortfall budget. The authorities decided to withdraw money from the wealth fund. Their plans also include reduction the tax burden for individuals and large corporations. Despite this, the economic growth is expected to drop to 0.4% in 2017 year....