Bitcoin panic selling after China restricts exchanges
Bitcoin panic selling has sunk the virtual currency’s value to less than half its recent trading price after The People’s Bank of China, the...
Tax revenues increase across OECD
Tax revenues continue to rise across the OECD (Organization for Economic Co-operation and Development) from the low levels reported during the height of the...
Ukraine and Russia sign gas deal
Ukraine has signed a deal with Russia that involves a major discount on gas prices as well as the purchase of billions of dollars’...
US chemical industry set for a good 2014
The US chemical industry is forecast to have a good year ahead, as the production of natural gas and shale increase and boost exports,...
US current account deficit 4-year record low
The US current account deficit for the third quarter of 2013 was $94.8 billion, a 4-year record low, according to figures published by the...
Glaxo to stop paying doctors for promoting its drugs
Glaxo (GlaxoSmithKline) announced that it is to stop paying doctors for promoting its medications.
After a bribery scandal in China in which the company was...
UK companies positive on job creation
More than half of UK companies say they expect to create new jobs, the first time since the start of the Great Recession, according...
What is inflation? Its causes and effects
Inflation is the rate at which general market prices rise. It is the opposite of deflation.
When inflation increases, each unit of currency buys a...
OPEC pumps less crude oil in November
November crude oil production among OPEC countries fell 230,000 barrels per day from October to 29.7 million b/d, the lowest total since mid-2011, according...
Americans perceive income inequality ‘far too pessimistically’
Americans perceive incomes and income inequality 'far too pessimistically,' according to a US study that surveyed 500 people online and asked them questions about...