High-end real estate buyers will shift from London to the US
Brexit has a myriad of impacts on the global economy, one of them was a huge hit to the UK’s financial sector.…
Browsing Tag
Economy
Bank of England poised to cut rates to cushion Brexit hit to UK
The Bank of England is set to cut interest rates for the first time in more than seven years as it tries to cushion…
S&P 500 touches record intraday high
The S&P 500 touched a record intraday high of 2,137.43 points at the open on Monday after a strong monthly jobs…
Saudi economic growth slowest in three years as austerity bites
Saudi Arabia's economy expanded at its slowest rate in three years during the first quarter of 2016 as low oil…
German economy minister calls for number of EU commissioners to be cut
German Economy Minister Sigmar Gabriel has called for the number of EU Commissioners to be cut and for Brussels to…
Brexit ‘disaster’ for UK economy, impact on EU smaller- French finmin
Britain's decision to leave the European Union is a disaster for its economy but will have less severe consequences…
China economy to grow 6.6% , needs policy support
China's economy will grow at about 6.6 percent this year, and will need to be underpinned by policy support in the…
Russian GDP seen falling less than 1 percent in January-May
Russia's gross domestic product is estimated to have shrunk by less than 1.0 percent year on year in January-May,…
Turkish economy minister expects central bank to continue rate cuts
Turkish Economy Minister Nihat Zeybekci said he expected the central bank, which has cut its lending rate for three…
Saudi cabinet approves economic diversification plan
The Saudi cabinet has approved a major plan to diversify the national economy away from oil and to generate…