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A Government plan to help boost the housing market has been branded "very dangerous". The Institute of Directors say underwriting the mortgages of buyers' risks artificially inflating housing prices. VoR's Daniel Cinna reports.

Local authorities in China are facing record debt this year. Moody's experts warn the Chinese government on a default imminent.

The EU repealed import tariffs for solar batteries from China from August 6. The corresponding decision had been adopted on the eve by the European Commission after an anti-dumping investigation carried out and negotiations with the Chinese Government.

A currency without control of central banks or Governments. Two features that have generated enthusiasm for the bitcoin, but which may also be responsible for its collapse.

The Government of Cyprus in the course of its negotiations with creditors of the Troika (European Commission, European Central Bank and International Monetary Fund), in beginning reached an agreement on the division of the Bank of Cyprus in one commercial and other real estate.

The forex or currency trading market is the largest financial market in the world with an estimated $4 trillion traded daily, dwarfing the daily volume of any global stock market. In the past, forex markets were available only to large corporations, governments, central banks and hedge funds but the spread of the internet in the mid 1990s made it possible to trade currencies electronically, anywhere in the world, 24 hours a day, with no physical exchange needed. The easily accessible internet spawned the birth of online trading which now offers even the smallest trader access to the financial market place.

France wants to "temporarily suspend" trade negotiations between European Union with the United States due to the NSA spying.

Over a hundred Swiss banks avoid being prosecuted by the U.S. Justice in the dispute to disclose those U.S. clients who have evaded taxes.

The European prosperity is coming to an end with the sale of their property, political extremism and other signs of imminent collapse, says HSBC chief economist Stephen King.

The repression of demonstrations in favour of Morsi in Cairo that has caused hundreds of deaths and thousands of injuries not only has unleashed a wave of unrest in the country, but may have an economic reaction of unpredictable consequences.