Suggesting that there would be no let-up for the beleaguered steel industry's plant closures and job losses across the globe, industry executives said that significant overcapacity will remain in China's steel sector even after planned restructuring.   As the UK foreign minister and a...

A move to negative rates by some of the world's central banks would help deliver extra monetary stimulus and ease lending conditions, said the International Monetary Fund on Sunday.   Around a quarter of the world economy by output is now experiencing official rates that are less than zero...

The economic growth of the last 30 years was largely the result of advances in information technology. The computer and Internet revolution made possible controlling all stages of production and transportation of goods across the globe. The Earth, in the words of economist Thomas Friedman, has...

After two weeks of struggle with other contenders, Chinese insurance company Anbang suddenly refused to buy the American hotel chain Starwood Hotels & Resorts Worldwide Inc. for $ 14 billion. However, the Chinese’s attempt to purchase the major foreign asset is another confirmation that the...

Oil, gas, and electricity generation increased in 34 OECD countries over 2015, according to the initial analysis of monthly IEA data. At that, power generation from wind and solar resources increased by 16%. The total volume of electricity generation in the OECD countries as a whole remained at the...

Why Ireland and Finland are on opposite sides of the euro-zone growth? Because one of them found a way out of economic difficulties. The other, on the contrary, has become a "new patient in Europe", although there was a time when the country featured an "economic miracle." Despite the fact that...

The US and Canada usually get together very well. The countries have strong trade relationship worth more than $ 2 billion a day; the US is the largest foreign investor in Canada, and Canada - the third in the United States. Yet, such productive partnerships can be broken due to an undeclared gas...

Oil Minister of India said that the country is quite satisfied with the quotes at $ 45-50 per barrel. At these levels, local production brings a reasonable profit, and consumers are protected from the adverse effects of excessively high oil prices. The largest exporters of oil, from Russia to Saudi...

Norwegian Oil Fund intends to increase investment in real estate. The largest sovereign fund in the world, which assets amount to about $ 830 billion, is seeking to improve its performance. The Fund's income calculated for 2015 was the lowest since 2011. The Oil Fund plans to invest $ 41.5 billion...