On Tuesday night, Ted Cruz suspended his campaign. The reason was Trump’s spectacular victory in Indiana. The billionaire took all 57 delegates. On Wednesday, John Kasich also decided to end his GOP presidential run. The truth is that he...
On Tuesday, the European Commission cut the forecast for GDP growth in the Eurozone this year, despite surprisingly strong growth in the first quarter. The economy of the 19 countries sharing the euro is expected to rise just 1.6 percent...
So far this year, 46 companies across the world have defaulted on their debt (worth $50 billion), the highest number since the recent financial crisis, according to a study by credit rating agency Standard & Poor’s.
The recent FOMC statement did not surprise the markets. On the contrary, the Bank of Japan dashed the investors’ hopes and decided to maintain the key policy rate steady while keeping the monetary base expansion at 80 trillion yen annually...
As expected, the Fed kept interest rates unchanged at between 0.25 and 0.50 percent (interestingly, Kansas City Fed President Esther George dissented for a second meeting in a row). The main reason for such a decision was the low inflation...
The Fed is expected to leave interest rates unchanged. The market probability of a rate hike this month is literally zero, according to the CME’s FedWatch tool. This is why the U.S. central bank is unlikely to raise interest rates in April...
What is the velocity of money? It refers to how fast money passes from one holder to the next and is commonly defined as the rate at which money is exchanged from one transaction to another. Simply put, the velocity of money is the number...
Both frontrunners in the race to be the U.S. presidential candidates for the Republican and Democratic parties won easily in New York. It is an important victory because New York is a crucial primary with a high number of delegates....
Deutsche Bank is accused of conspiring with the Bank of Nova Scotia, Barclays, HSBC, Societe Generale and UBS to manipulate prices of gold. It was also sued along with the Bank of Nova Scotia, HSBC, and UBS for manipulating prices of...
The new benchmark for the price of gold, called the Shanghai Gold Benchmark Price, is listed on the Shanghai Gold Exchange and is set twice a day (with the AM session beginning at 10:15am and the PM session at 2:15pm) by eighteen...