China will double the deposit needed for investors to obtain funds to trade stocks, known as margin trading - The Shanghai stock trade explained on Friday, as authorities look to constrain a practice that made an enormous market bubble.
The Russian economy slipped 4.1 percent during the third quarter as against the drop of 4.6 percent in the second quarter. The consecutive third quarter of contraction signals recessionary situation in the Russian economy.
Analysts are expecting some sell-off in the stock market today as investors are expected to be cautious after the Paris attack. However, the market seems to be resilient from the attack especially the French market as investors seem to refuse to panic despite the attack.
The pound fell without precedent for the first time in four days against the dollar amid speculation Federal Reserve authorities speaking Thursday will set the stage for a U.S Interest-rate increment in December.
Registering slowest growth rate during the past nine quarters, Hungary's economy growth rate was weakest during the third quarter ending September as agriculture production drop impacted the gross domestic product (GDP) significantly. The stagnant construction activity coupled with underscoring risks to the government's capacity to keep up the economic momentum has been adversely impacting the GDP growth rate.
Indonesia's Foreign Minister on Thursday announced that its country demanded China to explain and prove its claims on the South China Sea, as Indonesia accuses China of claiming parts of the Indonesian-ruled Natuna Islands to be part of China's nine-dash line.
Sen. Elizabeth Warren, D-Mass.presented a bill that would pay social security beneficiaries a one-time stipend intended to balance the absence of a cost living adjustment in 2016. Investment News reported that Warren's arrangement calls for the elimination of a tax reduction that allows companies to discount CEO rewards, authorizing the cash to pay those on Social Security.
Dr. Ben Carson gave a bold tax proposal during the recent Republican debates, calling to eliminate all itemized tax code deductions, including mortgage and charitable deductions.
Reacting to concerns over Chinese dumping, the world's second-largest economy has slapped a notice on complaints with World Trade Organization (WTO) that such baseless concerns about its cheaper exports should need to meet higher standards from December 2016.
The US and Japan governments have made it clear that there wouldn't be re-opening a Pacific trade deal and further stated that any such attempt would further damage the whole pact.
As the November 22 presidential election is fast approaching, the economic inflation of 35 percent a year is one of the major issues that the next president of Argentina will have to face.
As it has been going through all the year, the Euro group meeting will entirely be focused and dedicated to Greece only. Indeed, the Greek government expects to adopt all the remaining measures needed to get hold of €2 billion second sub-tranche of the bailout programme.
China's import dropped again in October for the 12th consecutive time, according to official data revealed Sunday. BBC News reported that China's imports on October went down 18.8 percent to $130.8 billion.
The ongoing recession in Greek economy after long-lasting uncertainty is projected to end in 2016 and may witness real growth in 2017, according to European Commission (EC). The unsuccessful conclusion of second adjustment program of bailout package continued and worsened the economic recession in the ailing Greece economy further weakened the recovery prospects in the first half of 2015.
There is a possibility of an interest rate hike next month, according to two senior officials of the Federal Reserve. Speaking before the House Financial Services Committee during a hearing on financial regulation, Fed Chairperson Janet Yellen said the economy had been growing at a pretty good clip, an indication it might be time to raise short-term interest rates.