There is a growing risk for almost £70tn of complex financial contracts because of lack of adequate planning for Brexit by the EU according to the bank of England. This is by far the strongest such warning that the British central bank has issued on Brexit.   Even as time is running out,...

According predictions to market research firm Macquarie Research, the shares of electric car maker Tesla can rise by as much as more than 70 per cent even as the firm started of the coverage of the firm with an outperform rating.   "We view Tesla as a disruptive technology growth company...

Amidst speculations by traders that the global price for crude would touch the $100 a barrel mark by the end of the year, Opec and United States President Donald Trump are both exhibiting a "show me" attitude to the uncertainty in the energy market.   "The market and certainly the U.S....

According to Chris Krueger, managing director at Cowen Washington Research Group, the trilateral talks between the U.S., Mexico and Canada, can have four "endgame scenarios".   And none of the outcomes are very encouraging. The worst case scenario according to Krueger is "blow it up and make...

China is set to relax its norms for Chinese carriers in aviation which will allow such companies to enter into 20 popular long-haul routes to China which are currently operated by foreign airlines. This will increase the competition in those routes.    According to data from Chinese...

China is finding it difficult to carry out trade talks with the United States while the Trump administration places a “a knife to China’s neck”, said a senior Chinese official on Tuesday.   Chinese Vice Commerce Minister Wang Shouwen said at a news conference that the chances of renewal of...

A report by the oil carter Opec predicts that in the next five years, there would be a drastic increase in demand for petroleum – offsetting decrease in demand because of electric vehicles, which would see global crude production reaching record highs.   Significant upward revision of...

The outgoing chief of Denmark’s biggest bank has conceded that most of the funds out of the €200bn that passed through its Estonian branch were money that had been laundered in countries like Russia, the UK and the British Virgin Islands and were being pumped out of those countries.   “It is...

The Chinese consumers have apparently developed a taste for the finer nutritional produce which has been a boon for Chilean avocado growers who are now exceedingly participating the Chinese market.   "We've had very good results," Francisco Contardo, general manager of Chile's Hass Palta...

There would be "substantial costs" for the UK economy if there is a "no-deal" Brexit on World Trade Organization terms, warned the International Monetary Fund.   According to the IMF, costs would have to be paid for all of the possible Bresit scenarios but if there is no deal, the there...

Despite investor concerns over the escalating trade war between the United States and China, all of the three major indicators in the largest economy of the world did well in the week ending Sept. 14 primarily based on some positive data released in that time.   The Dow, the S&P 500 and...