The collapse in oil prices has hit Mexico budget’s hard. Proceeds from the oil sales fell by almost 40% since the beginning of the year, said the country’s Ministry of Finance. In the first 10 months of the year, the budget has received just 654 billion pesos, equivalent of nearly $ 40 billion. The...

While the mergers and acquisitions in the Asia Pacific region crossed the  $1 trillion mark for the first time aided by a surge in Chinese cross-border technology and telecoms deals, the mainland banks are missing out on the payoffs as they badly trail global rivals in advisory work.  ...

With a reported growth rate of 7.4% in the second quarter, India becomes the fastest growing large economy on the planet.   And this growth rate eclipses the growth of China, one of the Indian governments stated aims.   The manufacturing industry provided the boost in growth, a sector...

In Britain, spending on online shopping increased by 36% and amounted to £ 1,1 billion ($ 1.7 billion) on the "Black Friday," November 27, compared to the last year sale. These are preliminary data of UK online retail association IMRG. According to the research company Footfall, the number of those...

The Korean manufacturer of consumer electronics LG plans to invest 10 trillion won ($ 8.7 billion) in building a new plant for OLED-displays production. This may be caused by a possible Apple's transition to this type of screens in 2018, as it was previously reported by the media. The Korean...

As talk of aggressive stimulus from the European Central Bank next week gained ground, the euro slipped back towards seven-month lows, bond yields fell and European shares rallied on Thursday.   While the Euro STOXX 50 index was up 1.2 percent, the pan-European FTSEurofirst 300...

Europe wants to use special ‘sniffers’ UAVs to fight shipping companies violating environmental regulations. The idea was put forward by a European Maritime Safety Agency (EMSA) and the European Space Agency (ESA), which hope to jointly monitor level of harmful emissions from vehicles on the...

Pointers indicate towards a moderate economic growth in the fourth quarter as more households chose to boost savings taking advantage of the rising incomes, resulting a very negligible rise in the U.S. consumer spending in October.   A boost in savings led the mark to reach their highest...

During few weeks on expectations of rate manipulation by Fed and ECB, euro fell against the dollar so much that experts are already talking about a possible currency parities. A month ago, euro was worth $ 1.1. This week, it is less than $ 1.06. The European currency is close beat its own...