The Government of China had to go on the offensive on the underground banking system, which were developed in recent years. Country's central bank is trying to rein in excessive lending, which may soon get out of control. The People's Bank of China earlier this week called on private banks to stop losing billions on speculation, to adequately assess the risks and improve the quality of financial management of depositors. All this must be done to avoid panic, which can be very costly to the country’s economy. This order Chinese private...
Japanese Prime Minister Shinzo Abe said last week that he intends to strengthen the economy of the country and in the near future will also held a constitutional reform that would give self-defense forces a status of full-fledged army. Abe made such a statement at the first press conference after the victory of the ruling coalition led by the Liberal Democratic Party (LDP) in elections to the upper chamber of parliament. Thanks to the results of the elections both chambers of the legislature will be under the control of Abe’s...
The Russian economy exists only due to oil and gas exports, and this situation is unlikely to change. A similar view is shared by many economists, including Russian. The problem is compounded by the fact that every year in the country is getting smaller a number of exporters of services and technologies. Russian citizens, for the most part, do not want to be entrepreneurs and scientists no longer create technologies that could be called as breakthrough ones. The Russian Ruble is not an attractive tool for foreign investors, including...
Learning to trade at Forex market successfully is something that many aspiring traders fail to achieve. Many beginning Forex traders erroneously drop thousands of dollars on Forex educational products with the belief that the more expensive the product the more effective it will be. The issue with Forex is that there practically is no right or wrong way to trade the market. What works for one person may not work for another, it is really a matter of personal preference and how interested you are in trading. Some traders like to be very...
Greece, though not without obstacles, but comes to a gradual recovery of the economy, although the program of its external financial support already drew a hole again - this time at 4 billion euros, according to the sources of the EU leadership. A spokesman for the European Commission, Simon O'Connor told reporters last week that the Eurogroup on the basis of the recommendations of the "troika" (representatives of the ECB, the IMF and the EC) has decided that Greece has fulfilled all the conditions of lenders to rebuild the...
