News

Following an announcement made by Google parent company Alphabet that it would not make on offer to purchase Twitter, shares of the social media company have dropped precipitously. After the decision on the part of Alphabet not to bid on the company was announced, other potential buyers also began reconsidering their offers. Alphabet’s decision was […]

German banking giant Deutsche Bank AG has instituted a company wide hiring freeze intended to reduce costs as the company endures a decrease in share prices and increased concerns over future performance. The hiring freeze was announced on Wednesday. Deutsche Bank AG has been facing consistent difficulties as a result of a series of legal […]

Less than one week after the surprising 6 percent drop in the value of the GBP termed by analysts as a “flash crash,” British markets, policymakers and economists are looking ahead to what the coming weeks and months will bring. Even as experts have weighed in on the adjustment, often presenting it as a necessary […]

Following a lackluster job creation report issued by the US Department of Labor on Friday, many analysts now believe that an interest rate hike on the part of the Federal Reserve has become less likely. The potential rate hike was believed to be a likely outcome of September’s meeting of the Federal Reserve Board. The […]

In an announcement made on Thursday, the Bank of England outlined a series of measures intended to buffer the country’s economy during the unstable period many analysts believe awaits it following the UK’s decision to secede from the European Union. These measures included a further decrease in the country’s already lowered interest rates and a […]

Following several months of economic instability, the Russian economy is staged for a period of adjustment and the return of economic growth. These were the findings of a recent report by the International Monetary Fund, which concluded that measures taken by the Russian government to soften the blow of the recession there had been highly […]

Amid negative economic data from May, speculation has begun to flourish that the United States Federal Reserve Board will hold off on an expected increase in interest rates. The rate hike was originally expected to be approved at the Fed’s scheduled meeting next week. The primary reason for the expected change in scheduling for the […]

Japanese auto manufacturer Mitsubishi Motors announced on Wednesday that it has falsified testing data for many of its vehicles’ fuel economy. According to the announcement, more than 600,000 vehicles were sold between 2013 and the present that have had faulty fuel mileage estimates attached to them. Though unexpected, the announcement of wrongdoing on the part […]

The Brazilian economy, already badly damaged by the collapse of commodity prices and a series of economic downturns, suffered another hit this week as the country’s central bank released data indicating a 10th consecutive month of contraction in December of 2015. In total, the Brazilian economy shrank by more than 4 percent in 2015, causing […]

A report released regarding the status of Canadian gold reserves at the end of February confirms that the country has sold off essentially all of the gold it once held. Instead, the Canadian government has pursued a policy of buying up the currencies of other nations as a convenient and more liquid method of holding […]