Warning of a “gathering storm” which has long been brewing, the Bank of International Settlements has said that a fragile calm in global financial markets has given way to all-out turbulence.   Investors were concerned governments around the world were running out of policy options, warned...

As a weak global demand hits growth and yen rises weigh on imported fuel costs, sources close to Japan’s central bank and people familiar with its thinking say that the bank is expected to cut its economic and price forecasts for next fiscal year at a quarterly review in April.    Less...

Even as uncertainty and instability in the global economy continue to pose a risk to the country's growth, China's top economic planner said on Sunday that China's economy isn't headed for a hard landing and isn't dragging on the global economy.   While pushing hard to create more jobs and...

While voicing concerns over sub-zero interest rates and emerging economies, the Bank for International Settlements (BIS) said on Sunday that the financial markets' shaky start to the year shows they are losing faith in the "healing powers" of central banks.   The recent worries over China's...

Wall Street strategists claim that a major bubble in the market just burst for the bears.   Better-than-expected U.S. data and a stable Chinese yuan has led to a popping of the global "negativity bubble," and that could drive equities significantly higher in March, said UBS' Julian Emanuel...

Macau's economy has fallen to 20.3% last year. The main reason for that was massive anti-corruption campaign in China and the country’s economic downturn. The world's largest center of gambling casinos is facing falling revenues and a reduction in the number of visitors. In the IV quarter, as a...

According to the Revenue Service of the United States, cash receipts from Texas border cities decreased by 6%. Every year, the border between Mexico and the US is legally crossed by 115 million Mexicans, mostly for the purpose of shopping. In recent years, the flow began to dry up. Donald Trump has...

The consumer spending habits slides down the UK, whereby affecting the economy it turn. According to a survey conducted by GfK, the confidence of the United Kingdoms’ consumers came crumbling down to the “lowest level” in the month of February, marking the worst fall since the month of December...

Head of Berkshire Hathaway Warren Buffett published a letter to shareholders in which he admitted some of his mistakes. At that, Buffett believes that this current economic situation in the US is still favorable. At the end of 2015, Berkshire Hathaway stock price fell by 12.5%, while the index...