Three months ago, when the banking problems in Italy resumed, it was decided to use Atlas financial assistance fund. However, this did not rectify the situation. Indeed, Atlas fund, volume of which amounted to 5 billion euros, could not save the Italian banks. They, besides the point, have...

With suggestions emerging that future weakness which could pressure the government to roll out more support measures, in the second quarter private investment growth shrank to a record low in China even though the country’s economy expanded slightly faster than expected in the same period.  ...

Globalization is an unstoppable force, which inevitably makes the world more united. Now, however, it seems to be receding. Trade growth has not yet reached the pace that had been marked before the financial crisis of 2008. Donald Trump is building his campaign on fears about free trade and...

Arguing they violate Beijing's commitments to the World Trade Organization (WTO) and give an unfair advantage to Chinese manufacturers, the United States challenged China's export duties on nine key metals and minerals.   China said that the duties had been imposed as part of efforts at...

As the industrial sector loses steam and a boost from financial services fades, China's economic growth likely cooled to a fresh seven-year low of 6.6 percent in the second quarter according to a Reuters poll of 61 economists.   Prompting the government and central bank to roll out more...

Problems of Italian banks, escalated after Brexit, are getting worse day by day. Bad debts of t360 billion can trigger a complete collapse of the banking sector. Now, however, Deutsche Bank has become the main risk. Italian Prime Minister Matteo Renzi said that he is unilaterally willing to spend...

SNB Chairman Thomas Jordan said in a newspaper interview published recently that the Swiss National Bank must be ready to react flexibly to any short term threats or opportunities arising from Brexit.   "The question for Switzerland is to know how best to adapt. Right now it is still a bit...

For most part of the year, the U.S. Federal Reserve and policymakers were able to plot further interest rate increases due to the dollar, oil prices and economic conditions.   However questions like how much does it reflect domestic economic developments and how much the short and long-term...

Exports of US crude oil reached record levels in almost 100 years. At the same time, production and reserves in the country are falling while Europe is purchasing more and more American oil. In May this year, United States set a record in terms of oil exports, according to Reuters, citing data from...