Consumer credit – auto loans, student loans, and revolving credit such as credit card balances and personal loans, but not housing-related debt such as mortgages and HELOCs – grew 5.4%, or by $208 billion, in...
For almost a year now, recreational marijuana can be legally sold and purchased in Canada. But what looks like a once-in-a-lifetime business opportunity is proving to be an elusive pot of gold, reports Nicolas Martin....
The US central bank cut interest rates for the first time since 2008, citing concerns about the global economy. The move comes amid economic uncertainties amid President Donald Trump’s trade wars and Brexit. The Federal...
Overnight, China has published as usual data miraculously soon after the end of the period to which they relate. The way had been prepared for a drop in Q2 GDP to a 27-year low of...
1. As soon as it was clear that the ECB was not easing today, the euro began to recover, after making a marginal new low for the year (just above $1.11). 2. Draghi made it...
Hardly any German boss is better connected than Josef Kaeser, the CEO of industrial giant Siemens. Though his actions often send mixed signals, it’s no wonder when taking into account the global footprint of his...
More than 100 firms have applied to list on the STAR market, which is expected to channel billions to the tech sector. China’s past failures at creating its own Nasdaq are prompting some investors to...
Coal and oil have long been sought-after investment targets, but that is changing. Norway is increasingly withdrawing its huge sovereign wealth fund from fossil fuels. But for finance, not climate protection. The electric car pensioner...
Are EU citizens protected enough from US surveillance when Facebook transfers their personal data? The job of answering that question now lies with Europe’s top court, despite Facebook’s bid to block the case. A landmark...
The Modi 2.0 Government has come out with its Budget 1.0. As wide expected, the objective of becoming a $ 5 trillion economy has driven this budget and it reverberates all the initiatives announced in...
As expected by nearly everyone except the futures market, the Fed did not cut rates last week and predicted only one in the future and not until next year. This contrasts with the futures market...
The economic impact of Brexit has been explored far and wide. But with the October 31 deadline approaching and a no-deal scenario still very much on the cards, could it affect women disproportionately? First...