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...

US regulators have introduced a set of rules to avoid collapse of systemically important credit institutions. However, smaller banks have to merge to cope with costs of meeting these requirements. The largest banks in the country are actually not allowed to make big deals, yet regional banks are...

Oil production in Norway in July 2016 increased to a record volume for the last five years, exceeding forecasts of experts, said the Norwegian Petroleum Directorate (NPD). According to the NPD, local Norwegian producers are doing everything possible to increase oil production and to compensate for...

European banks and insurance companies are considering custody of money reserves in cash as more financially justifiable in terms of further rate cuts, writes Financial Times. If the world’s financial institutions adopt such a practice, it would undermine ability of central banks to stimulate...

Major US stock indices S&P 500, Dow Jones and NASDAQ synchronously reached historic highs during trading on August 11. Last time this happened in 1999. Value of S&P 500 rose to 2188.45 points during the trading session. This is the highest opening in the index’s history, which began publication...