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BIS Fears Central Banks Laying Groundwork for Next Financial Crisis
The Bank for International Settlements (BIS) is the oldest global financial organization still in existence. Made up of 60 central banks from all over the world, it monitors national...
Jordanian Economy Survives Despite Regional Conflicts and Attacks by ISIS
Jordan, the Middle Eastern nation perhaps best known for its tourist destination of Petra, has never been one of the most powerful economies in the world. Even in the...
Major Mining Company Invests in Mongolia
International mining firm, Rio Tinto Ltd., plans to invest anywhere from $250 to $350 million in Mongolia’s Oyu Tolgoi construction efforts, according to Reuters. Oyu Tolgoi is a massive...
Greeks Urged to Vote “No” on Referendum
After bringing a vote on Greece’s credit crisis to the people, the prime minister has asked voters to vote against the proposal. Greek Prime Minister Alexis Tsipras shut down...
Norway Increases Oil and Gas Drilling as Oil Prices Stabilize
According to recent reports from the government, Norway ramped up oil and gas production, increasing 2.4 percent year-on-year last month. Oil prices have gone up 25 percent since early...
U.S. Home Price Gains Slow
House prices continue to rise in the United States, but at a slower pace than before. A new study by S&P Dow Jones shows that home prices rose 4.9%...
Is Canada Going Into Another Recession?
For four straight months, Canada’s economy has experienced a slight decline. This has led many in the financial sector to question whether Canada may be entering another recession. For...
Burundi Votes amid Contentious Political Atmosphere
Despite threats from the European Union of withdrawing more aid money, Burundians ushered in a new parliament this week, with incumbent president Pierre Nkurunziza seeking a third time in...
Fragile Tunisian Economy May Feel Deep Sting from Terror Attack
Tunisia has been in the process of economic reform and liberalization following decades of state interventionism left the economy on the verge of collapse. While growth has been moderate,...
Investment Picks Up in Canadian First Quarter
Small business investment increased in the first quarter, according to new data from PayNet, a sign that the Canadian economy is improving. The exceptions are Saskatchewan and Alberta, two...