Evan Spiegel officially lost the status of the youngest billionaire in the world. His place was taken by Irishman John Collison, co-founder of e-payment service Stripe. Now, according to Forbes, he is the youngest member of the club of billionaires. The 26-year-old Collison is two months younger...

BoE’s forecast indicate rises in interest rates while Brexit decision weighs investors’ outlook. According to Ben Broadbent, the deputy governor of Bank of England, there is a possibility of a hike in the interest rates, while he continued highlighting a “strong sense of caution among investors”...

Doubts about whether markets would get the stimulus and the pro-growth policies of tax reform promised by President Donald Trump and the Republican Congress are being raised by them for the first time since the election.   Trump was brought out earlier Tuesday by the GOP to serve...

Just days after finance chiefs of the world's top 20 economies dropped their pledge for open trade, the European Central Bank reiterated the importance of open trade policy and said in a study that a country's trade deficit could get increased rather than decreased by any form of protectionist...

More than a year after hyperinflation struck Venezuela, the country’s authorities stopped publishing official data on inflation and the stock of money. Thus, they deprived the public of the latest and the best tool for determining level of price growth in one of the worst economies in the world. On...

IBM will be coming out with new blockchain technologies in the market in this very year. “International Business Machines” Corp. has made inroads in its journey with blockchains under the “Hyperledger Project”, whereby now business will be able to create applications on IBM’s clouds by using the...

Eurogroup is to reiterate calls for Greece to meet loan clauses when the euro-area finance ministers meet in Brussels.   Edging closer to a repeat of the 2015 drama that pushed Europe’s most indebted state to the edge of economic collapse, Greece is set to miss yet another deadline for...

The world's largest publicly traded hedge fund, Man Group, prefers bonds denominated in local currencies instead of bonds in sound currency. Local bonds in 2017 are providing a yield twice as high as that of the dollar bonds of developed countries, according to Bloomberg Barclays indices. Local...

Cooperation will be the underlying key in executing all the “jointly agreed steps” by G20 leaders. During the talks of G20, the leaders in the finance sectors from the “top economies” of the world have shown their support towards the continuation of the “international cooperation on taxation”....