Noting a rise of 5% compared with 2014, euro area exports rose to the rest of the world to €2 040.2 billion last year, revealed figures from Eurostat.   The euro area reached a surplus of €246 billion as imports reached a total of €1 794.2 billion in 2015, an increase of 2% compared to the...

Growth in China is slowing, and dragging down all trade in Asia - growth in exports from developing Asian countries, lasted 20 years, is slowing; meanwhile, supply in China over the past year fell by 4%, according to the Institute of International Finance’s study. The changes are structural in...

The Power Finance Corporation reveals an increment in its net profit figure in a comparison with its previous fiscal year’s corresponding quarter. The “Power Finance Corporation” of India which is under state level government announced a marginal rise of “2.6%” in the “standalone net profit” in the...

According to the European Commission, restoration of border control between the EU countries can cost from € 5 billion to € 18 billion. This is only the direct costs. Indirect spending can grow much more, since the borders restoring will a negative impact on the European market, transport and...

Seven countries, including France, Britain and Germany, urged the European Union to take steps to save the iron and steel industry choking from falling prices and cheap imports from China and Russia. Ministers from the above three countries, together with ministers from Italy, Poland, Belgium and...

OPEC is unlikely to cut a deal with other producers to reduce ballooning output and declines in U.S. output would take time and that would leave the world to store unwanted oil for most of 2016, the International Energy Agency said.   While it did not believe oil prices could follow some of...

Loss of Greece or Portugal can be regarded as a failure, yet Italy's loss will look like carelessness. It is hard to imagine that the single European currency could survive in case of conflict with Italy, the third largest economy in the currency’s club (and the eighth in the world). Perhaps this...

The airport of the capital of Venezuela took an unusual cargo: 36 "Boeing-747" freighters stuffed with money. Not with foreign currency, bur their own Bolivars, which authorities buy from foreign mints. It seems that the only answer Caracas gives to inflation is more and more banknotes. Venezuela...

A prosecutor for U.S authorities seeking his extradition claimed on Thursday that a London-based trader's market manipulation helped cause the 2010 Wall Street "flash crash" which netted him some $878,000 profit.   Indicted by a U.S. federal grand jury on 22 criminal counts including wire...