Problems of Italian banks, escalated after Brexit, are getting worse day by day. Bad debts of t360 billion can trigger a complete collapse of the banking sector. Now, however, Deutsche Bank has become the main risk. Italian Prime Minister Matteo Renzi said that he is unilaterally willing to spend...

SNB Chairman Thomas Jordan said in a newspaper interview published recently that the Swiss National Bank must be ready to react flexibly to any short term threats or opportunities arising from Brexit.   "The question for Switzerland is to know how best to adapt. Right now it is still a bit...

For most part of the year, the U.S. Federal Reserve and policymakers were able to plot further interest rate increases due to the dollar, oil prices and economic conditions.   However questions like how much does it reflect domestic economic developments and how much the short and long-term...

Exports of US crude oil reached record levels in almost 100 years. At the same time, production and reserves in the country are falling while Europe is purchasing more and more American oil. In May this year, United States set a record in terms of oil exports, according to Reuters, citing data from...

HSBC finds investing in Indian market is the safest option in an uncertain global scenario. India receives an upgraded outlook from HSBC, the global “financial services firm”, whereby India gains more weight for HSBC considers Indian market as “relatively defensive” amid the growing “uncertain...

Back in December 2014, when it became known that Japan was ready to risk hundreds of billions of Japanese pensions to promote and support the stock market, it became clear that ‘Abenomics’ has to work or Japanese citizens may lose their pensions. Size of the Government Pension Investment Fund of...

Cuban direction became the fastest growing segment of the online booking service Airbnb in its history. A few months after the beginning of removal of the US sanctions against Cuba, demand for private accommodation in the Cuban cities is growing exponentially, while the traditional tourist industry...

The head of London's financial district said that in order to preserve the City of London's dominance in financial services after last month's vote to leave the European Union, Britain should move quickly to keep investment flowing.   Through the process of maintaining so-called passporting...

An internal memo prepared by the body responsible for the drafting international tax rules says that the United Kingdom is unlikely to try to lure international investment by becoming a tax haven after it leaves the European Union.   The UK could use its freedom from EU rules to slash...