In 2019, steel production in China reached a record level of almost 1 billion tons. At the same time, annual aluminum production fell for the first time in 10 years, the State Statistical Office of China reported. The world's largest steel producer in 2019 produced 996.34 million tons of steel, which is 8.3% more than the previous record set in 2018. In December, steel production in China...

The key to a successful investment in 2020 will be moderate expectations and willingness to get lower returns, said UBS Global Wealth Management Chief Investment Officer. He advises paying attention to dividends, 5G technology and gene therapy. In 2020, investors should be prepared for lower returns on their investments, as well as for the fact that they will have to work hard to earn every...

This is almost one sixth of all certified (state) reserves of the country. Nicolas Maduro signed a decree on the sale of petroleum for the Venezuelan cryptocurrency.  In the near future, the state-owned company PDVSA will sell 4.5 million barrels out of 30 million for digital money. This oil is listed in certified reserves. After the implementation of this decree, the Venezuelan...

Demand for debt instruments is growing at low rates: the global volume of bonds issued by all issuers is approaching $ 120 trillion, and this is a record high, experts at the Washington Institute of International Finance note. Developing countries are in line with the general trend, their share in this market is at a maximum - about 25% of the total, while it was 10%before the crisis of...

In 2020, the global economy will grow only a little faster than in 2019. According to the World Bank forecast, the increase in global GDP will reach 2.5%. At the same time, a slowdown in growth will affect the United States, Eurozone countries and China. Large emerging economies other than China, by contrast, will grow faster. The World Bank warns that the forecast given by its experts is at risk...

The global economic growth rate in 2020-2022 will accelerate by 0.1% per year, say experts of the World Bank. As follows from the recent report, growth in 2019 is estimated at 2.4%, in 2020 it will amount to 2.5%, in 2021 - 2.6%, and in 2022 - 2, 7%. Thus, the bank's economists lowered the bar set in June when they talked about an increase of 2.7% in 2020 and 2.8% in 2021. At the same time,...

The number and volume of initial public offerings of companies held in 2019 turned out to be the lowest in the last three years. Besides, some large and promising placements turned into disappointment. According to Dealogic, 1237 initial public offerings of companies were held in 2019, which is 20% less than in the previous year. This is the lowest figure in the last three years. The total volume...

Commercial oil reserves in the United States (excluding the strategic reserve) for the week ended December 20 decreased by 5.5 million barrels, or 1.2%, to 441.4 million barrels, according to a weekly review of the energy information department of the country's energy ministry. Analysts polled by Reuters expected a 1.7 million barrels drop in those stocks.  Oil production in the US over...

Housing prices in prestigious areas of London have finished the four-years fall. The number of deals increased after the Labor’s defeat in the election, but Brexit will continue to “cast a shadow” on the market. The "long-suffering real estate agents" of London's elite Mayfair district can raise a glass in honor of the holiday, writes the Financial Times. In the last quarter of the year, local...