The world will consume less oil next year than previously thought due to a “dimmer macroeconomic outlook,” the IEA said in its monthly oil market report. The energy watchdog expects global oil demand to grow […]
Home sales in the UK are experiencing the most severe decline since the 2008 financial crisis, the Royal Institution of Chartered Surveyors said. Britain’s vote to leave the EU has shaken the confidence of consumers […]
HSBC Holdings and R3, a technology firm backed by Bank of America Merrill Lynch, said they have developed tools that use blockchain technology to simplify international trade finance. They joined with the Infocomm Development Authority […]
Between 50% and 75% of the European Central Bank’s interest-rate changes were transmitted to the real economy, JPMorgan Chase economist David Mackie calculated in response to Bank of England Governor Mark Carney’s disparaging remarks on […]
The People’s Bank of China said in its monetary policy report that it isn’t planning any additional monetary easing. The central bank rejected the idea of lowering its bank required reserve ratio, saying that would […]
Banks in China are rapidly increasing participation in the financing of global mergers and acquisitions. Encouraged by Premier Li Keqiang’s “going out” policy, lenders have raised their share of global syndicated loans for mergers and […]
The British pound fell below $1.30 as traders braced for a series of reports next week that could give them a better picture of how much damage the Brexit vote is imposing on the UK […]
US productivity declined an annualized 0.5% in the second quarter, the third straight quarterly decrease, and 0.4% during the previous 12 months, the first full-year drop since 2013. Limited corporate investment in technology is behind […]
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