Since the tax reform came into force in early 2018, companies have repatriated about $ 1 trillion of foreign profit. This is stated in the message of the US Department of Commerce. In the second quarter of 2019, $ 88.3 billion of corporate profit received abroad were returned to their homeland. US President Donald Trump, while promoting the reform, said, without mentioning sources, that such...

The German government has approved a blockchain regulation strategy. The document effectively bans circulation of alternative money in the country. The ban also applies to Facebook’s stablecoin Libra, Reuters reports. Information that Germany is working on a blockchain regulation strategy appeared in mid-March. While developing the strategy, the government relied on opinions of specialists from...

Gold prices will rise and reach a “new high in the next year or two,” Citi analysts said in a report. This maximum, in their opinion, could be $ 2,000 per ounce. Interest in the metal is growing due to the monetary policy of some central banks (the Fed and the ECB have lowered interest rates), other central banks buying up gold (in particular, developing countries) as well as problems of the...

Saudi Arabia has completely restored supplies disrupted by an attack by drones at Saudi Aramco’s facilities on the night of September 14, Al-Arabiya TV reported citing the country's energy minister, Prince Abdulaziz bin Salman Al Saud. "Prince Abdulaziz bin Salman said that fuel supplies returned to their previous level observed until 3:43 on Saturday (before the attacks)," the channel reported....

Fall in global demand and uncertainty associated with the outcome of the PRC – US trade war, along with the action of duties already imposed by the parties, caused a record drop in China's macro-indicators. According to the National Bureau of Statistics of the PRC, the industrial production growth in this country in August turned out to be minimal over the past 17 years, and amounted to 4.4%...

U.S. commercial oil reserves (excluding the strategic reserve) for the week ended September 6 fell by 6.9 million barrels, or 1.6%, to 416.1 million barrels, the USA Energy Information Administration (EIA) review said in a weekly review. Analysts interviewed by Reuters expected a decrease in stocks of only 2.7 million barrels. According to the agency, oil production in the US for the week...

Investors expecting an aggressive stimulus package from the European Central Bank on Thursday are about to be disappointed, analysts said. Forecasts of a significant easing of monetary policy, including lower interest rates and the resumption of the bond purchase program, are based on the latest data indicating a slowdown in economic growth and weak inflation in the Eurozone. "There is a clear...

JPMorgan Chase & Co. Bank analysts developed the Volfefe index, which assesses the impact of tweets by US President Donald Trump on markets and, in particular, on the yield of US government bonds. This is reported by Bloomberg and CNBC. The index tracks the volatility of two- and five-year treasury bonds caused by statements of the President. The index name is made up of "Vol" - "volatility"...

Electric vehicle sales in the world fell for the first time in history in July, according to consulting company Sanford C. Bernstein. Sales of electric cars immediately fell by 14% to 128 thousand units The main reason for the drop in demand is China, one of the largest car markets in the world, which has reduced subsidies for electric car purchases, Bloomberg quoted the study as saying....