The 19th Congress of the Communist Party of China, which ended last month, showed that the new administration of Xi Jinping will restrain growth of debts by abandoning the country's long-term economic goals, and by reducing the growth rates of its gross domestic product. As a rule, analysts proceed from the fact that the presented changes in GDP parameters reflect the movement in the sphere of...

Tobacco companies in the US had to comply with the decision of the court in 2006. Now they must publicize dangers of smoking in newspapers and on the TV exercising ad right and their own expenses. For 11 years, tobacco companies have filed appeals against this decision, which allowed them to postpone its implementation. According to some experts, now publication of such statements in newspapers...

Markets are calm, but entrepreneurs and economic experts are very unhappy with the political elite of Germany because of the failure of negotiations on the formation of a new government. Berlin failed negotiations to form a new government coalition. Germany, Europe's largest economy, may face another unexpected round of election, and, apparently, an interim government will rule the country during...

France wants a strong and stable Germany to propel Europe forward, and the country's authorities will continue to work with the current government of Germany, the official spokesman for French President Emmanuel Macron said. "For Germany and for Europe, we want our main partner to be stable and strong in order to move forward together," the official said. "This only increases the need for France...

A regular session of the UN climate talks ended in Bonn on the night of Friday to Saturday. The summit’s topics included statements by countries and investors on the plans to exit the coal energy sector, the development of new market mechanisms for the Paris Agreement, as well as attempts to persuade the states to increase the level of emission reduction commitments - amid news that in 2017...

The leaders of the European Union will insist that British Prime Minister Theresa May agree to their terms as soon as possible to begin negotiations on future trade relations after Brexit, Reuters reports. Theresa May, through her representative, denied reports of her intention to increase the amount of the offer to pay the EU for withdrawing from it in order to settle London's obligations to the...

The government in Caracas and the state oil company PDVSA have not fulfilled their financial obligations to creditors, members of the International Association of Swaps and Derivatives announced. The International Association of Swaps and Derivatives (ISDA) declared the Venezuelan government's default on public debt and bonds issued by the state oil company PDVSA. The decision was made...

The Greek authorities offered holders of bonds to exchange their papers for bonds with later maturities. In particular, they are talking about special issues which investors that agreed to a significant debt write-off received in 2012. This way, Athens hope to increase liquidity of their liabilities against the backdrop of the third financial assistance program expiring in August 2018. The Greek...

Prime Minister of Japan Shinzo Abe can be satisfied. Data on the country’s economy for the third quarter are encouraging. Due to the increased demand for goods from Japan in world markets, the Japanese economy showed a growth rate of 1.4% in July-September, which is the best indicator in 16 years. Despite the slowdown in growth rates compared to the second quarter, they are still above the...