Economic News



UK’s FCA imposes fine on Merrill Lynch for not providing report
UK’s FCA imposes fine on Merrill Lynch for not providing report

UK’s Financial Conduct Authority imposed a fine of £34.5 mln on Merrill Lynch investment division of Bank of America for not providing...

Kaspersky Lab to provide source code of its products for independent review
Kaspersky Lab to provide source code of its products for independent review

Kaspersky Lab has launched an initiative on the information transparency (Global Transparency Initiative) in an attempt to dispel allegations that...

Tesla may take a different route than other carmakers in China
Tesla may take a different route than other carmakers in China

Tesla is set to start manufacturing in China and it might be a trailblazer on the way of foreign firms creating a fully owned production cycle in...

Review: Dollar jumps to three-month peak vs yen as Abe party wins election
Review: Dollar jumps to three-month peak vs yen as Abe party wins election

The dollar reached a three-month peak versus the yen on Monday, following Japanese Prime Minister Shinzo Abe’s big victory in Sunday’s...

Review: Euro eases, dollar stable on Monday
Review: Euro eases, dollar stable on Monday

The euro dipped on Monday as Spain’s constitutional crisis intensified worries over political stability in the country.

Review: Japan's shares climb on Abe election win
Review: Japan's shares climb on Abe election win

Japan's shares leaped on a weaker yen on Monday as Prime Minister Shinzo Abe election win gave him a green light for more policy stimulus.

Review: Pound falls to two-week trough as BOE doubts increase
Review: Pound falls to two-week trough as BOE doubts increase

Sterling slumped to a two-week low on Friday amid rising doubts about further rate hikes and political uncertainty. 

UK budget deficit falls to 5.9 billion pounds in September
UK budget deficit falls to 5.9 billion pounds in September

The UK budget deficit in September dropped to the lowest level since 2007, the Office for National Statistics reported. 

Oil prices climb though doubts on China forecasts restrain market
Oil prices climb though doubts on China forecasts restrain market

Prices of oil went up today, driven by the signals of supply reduction and demand fundamentals, but a message of an overly upbeat forecast for...

Microsoft market capitalization exceeds $600 billion for first time in 17 years
Microsoft market capitalization exceeds $600 billion for first time in 17 years

On Thursday, Microsoft's capitalization exceeded the $600 billion mark for the first time since January 3, 2000. The company's shares...

U.S. Senate approves draft budget for 2018 fiscal year
U.S. Senate approves draft budget for 2018 fiscal year

The U.S. Senate has approved a $4 trillion fiscal 2018 budget resolution, with a vote of 51 to 49. 

Review: Dollar rises on looming tax reform
Review: Dollar rises on looming tax reform

The dollar edged up on Friday after the U.S. Senate accepted a budget plan for the 2018 fiscal year that is a big step for a further tax...

Review: Asian stocks advance as U.S. Senate adopts fiscal 2018 budget plan
Review: Asian stocks advance as U.S. Senate adopts fiscal 2018 budget plan

Asian stocks climbed on Friday following the U.S. Senate decision to accept a budget plan for the 2018 fiscal year. 

U.S. jobless claims falls to lowest level in 44 years
U.S. jobless claims falls to lowest level in 44 years

The number of Americans who applied for unemployment insurance slumped 22,000 to a seasonally adjusted 222,000 last week, its lowest level since...

Review: Euro at one-week peak despite uncertainty in Spain
Review: Euro at one-week peak despite uncertainty in Spain

The euro surged to a one-week peak on Thursday as investors focused on political turmoil in Spain. 


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