The unemployment rate is 25%, the national debt of 170% of GDP, industrial production fell by 26% and the extremely unstable political situation have been extremely traumatic for Greece and the Greeks. But Macao is not worried about the prospects being in a similar economic situation. Recently, the...

The customers will be witnessing the new look of Verizon after fifteen years. The Street Insider reports about the announcement made by the Verizon Communications on Wednesday, wherein it informed that the company is about to introduce a “new look” which is to compliment their “renewed purpose at...

Citing the presence of too many risks to global growth, the International Monetary Fund warned the world's biggest economies against raising interest rates too soon. The Fund suggested "growth supportive policies" to be pursued by advanced economies.   The warning was delivered by the world...

For the first time since the financial crisis there was a shrinking in the Canadian economy in the second quarter and put the country in recession. The shrinkage has been attributed to the huge plunge in oil prices taking a toll as business investment fell and inventory accumulation slowed....

Russian President Vladimir Putin submitted to the State Duma a bill that requires the rejection of the dollar in the CIS, which means the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries. According to a posting on the...

Another rocky week ended on Friday as the global markets ended on a lower note, although recuperating quite a bit of their losses. The global markets experiences quite a wild ride this week, which on the Friday evening only closed with “a whimper”. This was resulted by the investors focus being...

The loosened up fund from the Chinese RRR will be optimized by Volkswagen which seeks to increase its sales. Volkswagen will be using the opportunity while the central bank of China released over a “200 million yuan” which equals to “$30 million”. This was singularly aimed at providing “extra help”...

The Chinese devaluation prods the U.S based retailers to change their business strategies, whereby benefiting from the cheap market rates. After the devaluation of yuan which led to lower manufacturing cost in the Chinese industries, many U.S. retailers like “Toys R Us” are in the process of...

After a long span of low oil prices, the U.S market gains a steadier footing. After the low prices of oil market that prevailed for last “six-and-a-half-year”, on Friday, the market reverted back whereby settling down for steady prices whereby recovering equity markets. The news came from the U.S...