Markets & Industries
World's biggest brewers bet on non-alcoholic beverages - 07/21/2021
The world's biggest brewers Anheuser-Busch InBev and Heineken have bet on non-alcoholic beverages to restore sales after the pandemic. According to Reuters, the makers plan to support the growing trend towards healthier lifestyles with a new generation of "zero-alcohol" beers. According to Euromonitor International, global non-alcoholic beer sales fell 4.6 per cent ($11.6 billion) in 2020 due to...
World's largest crypto exchange to stop trading in tokenized stocks - 07/19/2021
The cryptocurrency exchange Binance will stop trading in tokenized stocks, that is, blockchain records that are linked to real securities. It is no longer possible to buy such assets on Binance, and users have been given three months to get rid of them. Global regulators have been wary of trading in digital equity derivatives. Major cryptocurrency exchange Binance will stop supporting tokenized...
Oil market may face supply shortages - 07/14/2021
Demand growth is already far outstripping production growth, according to a report by the International Energy Agency (IEA). Global oil demand rose by 3.2m bpd to 96.8m bpd in June, according to a July report from the International Energy Agency. Next year's increase could be 5.4m bpd. Year to year demand grew by 11.8m bpd in the second quarter of 2021. In the second half of the year, it could...
Survey: Managers stockpile cash in anticipation of rising rates - 07/14/2021
International portfolio managers are becoming less optimistic about the future of the global economy. A July survey of portfolio managers conducted by Bank of America (BofA) analysts indicates a deterioration in investors' expectations regarding the prospects of the global economy. The survey involved 270 portfolio managers managing $805bn in assets. According to the survey, the number of...
Arabica coffee prices rise to the highest since 2016 - 07/13/2021
The price of Arabica coffee in June reached the highest since 2016, with coffee futures rising by tens of per cent in three months. Among the reasons for the rise are the drought in Brazil, protests in Colombia and sharply increased shipping costs. So far, the price increase has not been passed on to consumers, but it could happen soon, experts warned. Global coffee prices are rising and the...
US gas sellers post record profit after Texas power crisis - 07/12/2021
Gas sellers made over $11 billion in five days during the abnormal cold weather in Texas in February 2021. Bloomberg came to this conclusion after studying interviews with energy company executives and financial reports. For example, Energy Transfer, an oil and gas transportation and storage company, posted its highest quarterly profit ever, more than tripling the result of its previous best...
Bank of America forecasts S&P 500 to fall in Q3 - 07/12/2021
The S&P 500 stock index, which includes the biggest US companies by capitalisation, could fall in the third quarter of the year, Insider wrote, citing a note from Bank of America analysts. The S&P 500 stock index, which includes the biggest US companies by capitalisation, could fall in the third quarter of the year, Insider wrote, citing a note from Bank of America analysts. The analysts...
Inflation becomes main fear of central banks - 07/08/2021
Inflation has become the main fear of central bank reserve managers around the world. As Reuters writes, citing the results of the UBS survey, authorities are also worried about a possible continuation of the coronavirus pandemic and the resulting crisis, as well as rising debt levels. Representatives of nearly 30 global central banks took part in the UBS survey, which was conducted in April...
IATA: Global air cargo traffic is up 9.4% on pre-crisis levels - 07/08/2021
Global air cargo volume grew by 9.4% in May 2021 compared to pre-crisis April 2019, according to an International Air Transport Association (IATA) press release. In April, global air cargo traffic was up 11.3% compared to April 2019. "Air cargo continued to perform well in May 2021... Supply chain conditions and economic activity supported air cargo," it said. International air cargo...
International organizations forecast stabilization of world food prices - 07/06/2021
World food prices will adjust in the coming years after rising in 2020 and then fall slightly, the OECD and UN experts predicted. World prices for most agricultural products, including food, will gradually stabilize in the next decade. This is according to a report jointly prepared by the Organisation for Economic Co-operation and Development (OECD) and the UN Food and Agriculture Organisation...
