For the past 70 years, the dollar has had superpower in the financial and monetary system of the world. Despite numerous talks about the rise of the yuan and the euro, the superiority of the American currency is indisputable. Still, no currency in the world cannot be compared with the dollar as...

The US, Japan and the 10 countries of the Pacific coast reached a final agreement on a treaty on the Trans-Pacific Partnership (Trans-Pacific Partnership, TPP)on Monday in Atlanta, Georgia, writes The Wall Street Journal. Together, these countries control 40% of world trade. The agreement, that in...

After five years hectic and negotiations, the Trans-Pacific Partnership was finally finalized and an agreement reached between the countries.     In what is evidently the largest trade deal in two decades, the US, Japan, Canada, Australia, New Zealand and seven other Pacific-rim nations...

According to The Financial Times, Italy is pressing charges against the rating agencies S&P and Fitch on the fact that they have caused undue damage in the country in 2011 and 2012. Italian rating in those years, according to prosecutors, was established unfairly by the agencies, and this led to...

Lagarde warns about the brooding risks that are likely to hamper economic growth. The managing director of “International Monetary Fund”, Christine Lagarde addresses the crowd gathered at the annual meeting of “IMF-World Bank” that took place in the U.S capital Washington D.C. on the 30th of...

Prices in premium segment of the London real estate market decreased by 0.4% in the third quarter, according to the estate agency Savills Plc. After raising the stamp duty in December last year to 12% when buying a home worth more than 1.5 million pounds ($ 2.3 million), demand in this segment...

New derivatives rules to set guidelines in swap transactions between banks and its affiliates, said Wall Street. Following a “debate among regulators” that took place over the discussion regarding the shifting of tough provisioning “in banks’ favour”, the Wall Street goes closer to the ridge of...

The second quarter growth of U.S GDP presently surpasses most estimates. Following the weak beginning of the year for the U.S, whereby the “three months to June” had set a weak trend. However, surprising all expectancy, the economy of America has “bounced back more strongly”.   The second...

The gross value of financial assets of the world's population in 2014 increased by 7.1% and reached a new record - 135.7 trillion euros against 126.8 trillion euros a year earlier, while the number of people, belonging to the middle class in terms of welfare, has surpassed 1 billion. It is noted in...