In China, average prices for new homes rose 28 percent in Tier 1 cities, which encompass affluent metropolises like Shanghai, and 10 percent in smaller, Tier 2 cities in the first eight months of 2016, according to data compiled by Bloomberg.   The People’s Bank of China began easing lending...

While, ECB assures to take future economic projection of Greece by keeping the country’s debt relief in mind, it also clarifies that economic reformation should not feel its repel. One senior official of ECB, on Friday, the 21st of October 2016, informed that Greek debt restructuring “not deflect...

The U.K. chairman at KPMG said that amid uncertainty over when the U.K. will leave the European Union (EU),, the pound will remain volatile.   "There's nothing sort of implicitly good for the pound at the moment, and there's volatility," Simon Collins said on a television interview.  ...

The European Central Bank firmly shot down any talk of tapering its 1.7 trillion euro asset-buying program but kept the door open to more stimulus in December even as it left ultra-loose monetary policy unchanged.   ECB President Mario Draghi emphasized that a long-awaited rise in inflation...

The Swedish krona is falling free (the currency become cheaper by almost 10%, to $ 0.1135, since April). One of the largest companies in the country, telecommunications giant Ericsson, is having serious problems and planning massive cuts, Bloomberg says. The agency notes that the Scandinavian...

No country in the world attract as much foreign investment as the United States do, according to a recent study by Organization For International Investment. Overall, volume of investments received from abroad reached $ 3.1 trillion in 2015. This is 37% more than in 2010. Much of this growth is...

Yet another downside to how little is left of the country’s middle class is being discovered by the Bank of Russia.   Due to growing wealth inequality and the disappearance of the middle-income households that are the most sensitive to interest rates and prices are putting at risk the...

Wall Street Journal, citing data from the US Department of Agriculture. Milk was poured directly on fields, into compost pits, was given livestock or even left in the middle of the road during transportation. Surplus of milk would be sufficient to fill 66 Olympic swimming pools, and it's the...

Amid the woes of investors as pound fell, the economy exhibited a shock absorbing capacity. The deputy governor of the Bank of England, Ben Broadbent, stated in a interview that the fall of pound following Britain’s vote to quite the European Union has “acted as an important shock absorber” on the...