General Director of the London Stock Exchange (LSE) Xavier Rolet said that British financial sector could lose about 232 thousand jobs due to Brexit. In addition, Head of the LSE fears that the country's exit from the EU could lead to even greater instability in the financial markets. At today's meeting of the committee of the British Parliament on the financial markets, Xavier Rolet of the LSE...

Members of the Democratic minority in the US Congress is encouraging establishment of an independent commission to investigate "Russian interference in the elections in the United States". The politicians are proposing to take a fact-finding committee on the 9/11 terrorist attacks as a model. Representatives of the Republican majority has not yet spoken in favor of this step, so prospects of...

In 2017, the IMF will assess a number of financial systems of various sizes, such as China and Japan (large), Spain and Turkey (average), or Guyana and Zambia (small). Financial Sector Assessment Program is the IMF's main instrument for assessment of a country's financial stability. This program helps to identify weaknesses in a state financial system, which might endanger its stability. Besides,...

Next year, the US and China could start a trade war, and Beijing might win, says James Wang, a City University of Hong Kong professor in his monthly comments for Pine River China Fund. "Alignment of forces in the world is now much more uncertain than at the beginning of the twentieth century. Players such as China and India created a new political centers of gravity. While economic and political...

Japanese Prime Minister Shinzo Abe will continue to persuade the US President-elect Donald Trump into concluding an agreement on the Trans-Pacific Partnership (TTP), reports Kyodo agency. Abe said this to acting head of the White House Barack Obama during a meeting at the US Marine Corps Camp Smith before visiting Pearl Harbor. According to Obama, the Japanese-American partnership is now...

The outgoing year has been extremely difficult for Venezuela, where inflation continues to break records, and the confrontation between the branches of government has reached its climax. Opponents of President Nicolas Maduro, although controlled by the Parliament, have not been able to carry their point and organize a referendum on resignation of Head of state. As a result, they hardened their...

US Customs Service is now requesting from foreigners arriving in the country information on their activities in social networks. In particular, the authorities are interested in their accounts in social networks and their usernames. So far, consent to answer these questions is voluntary, and refusal isn’t supposed to affect decision on admission. US authorities began testing a new way to detect...

German magazine Spiegel, citing data from the federal government, reported that in 2016 the German authorities received three times more applications for refugee status from Turkish citizens than in 2015. Given that 80% of requests have come from ethnic Kurds, this phenomenon could probably be explained by mass arrests that took place in Turkey after the military coup on July 15. "Ankara is in an...

The National Audit Office of China held inspections in the public sector, and punished more than 3 thousand officials for financial irregularities. As a result, $ 23 billion have been returned to the budget in total. At the same time, the government is planning to commence checking military spending since new rules for audit of military expenditures come into force in 2017. As China's National...