The Strategist
Markets & Industries

Bitcoin rate hits 3 months maximum due to unrest in USA - 06/03/2020

On June 2, the exchange rate of the most popular cryptocurrency Bitcoin confidently overcame the level of $ 10 thousand and reached its maximum level since February 2020. The growing unrest in the United States, as well as the continuing disagreement in relations between the United States and China are forcing investors to transfer part of the funds to defensive assets, including virtual ones....

Emirates President expects air traffic to normalize by summer 2021 - 06/02/2020

Tim Clark, President of Emirates Airlines, expects that flights will return to normal by the summer of 2021 if the COVID-19 vaccine will be available the first quarter of 2021. "Until the story of this virus lasts too long, we will continue to live and see that everything will return to normal in June 2021. If we get the vaccine by the 1st quarter of 2021, we have a chance to fight, and my bet is...

Goldman Sachs refuse pessimistic forecast for US S&P 500 - 06/02/2020

Goldman Sachs, which was expecting a new collapse in the US stock market in May, changed its forecast. Analysts now point out that the US S&P 500 may grow. Goldman Sachs bank abandoned its earlier forecast, which said that the US market was waiting for another sharp drop, according to Bloomberg. The bank did this amid an ongoing rally of US securities, the agency said. In May, bank strategists...

Central Bank of Saudi Arabia will provide banks with $13.3B to combat COVID-19 crisis - 06/01/2020

The Saudi Arabian Monetary Authority, the Central Bank of Saudi Arabia, will send 50 billion riyals ($ 13.3 billion) to the country's banking system to help combat the effects of the coronavirus pandemic COVID-19 and falling oil prices. The central bank will support financial stability and expand lending opportunities for the private sector, reads its statement. This step aims to help banks...

France will spare €8B to support car industry - 05/27/2020

France should become Europe's leader in electromobility, said President Emmanuel Macron. The authorities want to expand the network of charging stations and increase the output of electric vehicles and hybrids to 1 million per year. France will direct over €8 billion to support its automotive industry. The authorities intend to turn the country into a European leader in electric mobility, said...

IIF: US, China keep borrowing, debt burden is growing - 05/19/2020

The fight against the pandemic will result in a sharp increase in the global debt burden. In absolute terms, the total debt of governments, corporations, households and financial institutions will grow by almost a third by 2025 - up to $ 325 trillion, Washington Institute of International Finance (IIF) expects. Three quarters of this growth will be provided by the United States and China: in both...

IEA becomes optimistic about oil prices in 2020 - 05/15/2020

Global demand for oil in the second quarter of this year will not sink as much as expected as countries are lifting lockdowns faster than previously thought, follows from the May forecast of the International Energy Agency (IEA). According to his experts, the reaction of oil producers to falling prices was more pronounced than it could be, which resulted in a reduction in supplies, including by...

China ponders termination of trade deal with US - 05/12/2020

Trade advisers recommend that senior Chinese officials terminate the “first phase” of the US deal because of an ongoing anti-Chinese campaign demanding that China be held accountable for the Covid-19 pandemic. Beijing regards the agreement, concluded on January 15, as a concession made in order to achieve a ceasefire in the 22-month tariff war. However, the US administration and several other...

US court obliges Telegram to disclose data on token transactions - 05/11/2020

U.S. court ordered Telegram to inform the US Securities and Exchange Commission on any assets transferred to buyers of Gram tokens. The company will also need to provide data on contacts with customers related to cancellation of the initial placement of cryptocurrency. The Federal Court of Southern District of New York State ordered Telegram’s owner Pavel Durov to transfer inform the US...

Chinese exports jump in April, imports falling - 05/08/2020

China's exports in April showed unexpected growth, up 3.5% after falling in the first quarter. At the same time, imports sank even more than in March - by 14.2%, according to foreign trade statistics. Experts believe that export support was provided by orders for medical products, but in the future, China will face the consequences of weakening external demand. In April, China's exports grew by...
1 2 3 4 5 » ... 107