The Strategist
Markets & Industries

Analysts: Pound Sterling will fall to 2 years low in case new PM supports hard Brexit - 06/10/2019

British pound sterling will fall in price to a minimum of 2 years in the event that the new British Prime Minister becomes a supporter of the hard Brexit, say analysts polled by Bloomberg. In May 2019, British Prime Minister Theresa May announced that she would leave the post of leader of the Conservative Party on June 7. Now the UK is getting ready to elect new Head of the Government. If the...

Experts: US, China central banks can enter trade war - 06/06/2019

Head of the US Federal Reserve System (FRS), Jerome Powell, said that he was closely following the situation with the negotiations on trade issues, and made it clear that he has a possibility to intervene if the tensions begin to slow down the American economy. Investors immediately perceived it as the Fed's willingness to lower rates. In turn, economists at Bank of America Merrill Lynch believe...

IATA lowers forecast for airlines global profit by 21% - 06/03/2019

The International Air Transport Association (IATA), which represents about 290 air carriers in the world, announced a lower forecast for airline profits amid falling demand and increased costs. Back in December 2018, the association predicted that the global air transport industry would make a profit of $ 35.5 billion by the end of 2019; now, however, IATA estimates this figure at $ 28 billion....

What is the most profitable cryptocurrency in 2019? - 05/31/2019

The most popular cryptocurrency, Bitcoin, rose by almost 100% in May only. However, it wasn’t the only profitable cryptocurrency asset - other cryptocurrencies and tokens brought yield of several hundred percent since the beginning of the year. Bitcoin (BTH) in April and May 2019 attracted attention of investors once again. In just two months, its  course has grown from $ 4,000 to almost $...

ECB: EU banks can't fully recover after 2008 crisis - 05/30/2019

The banking system of the eurozone lagging behind the USA, Japan, Switzerland and the UK after 2008 may be the reason for a further slowdown in global economic growth - this follows from the latest review of the ECB’s financial instability. The ECB also lowered its forecast for growth in the euro area in 2019 to 1.1% of GDP. Future problems, however, are unlikely to cause a systemic banking...

Europe becomes addicted to negative interest rates, side effects keep growing - 05/29/2019

A few years ago, the ECB and the central banks of Denmark, Sweden and Switzerland decided to take a decisive step in combating the debt and economic crisis. They set up to lower the key rates below zero. It was assumed that this would be a short-term emergency measure. However, the rates remain negative, and their side effects are becoming more and more obvious. Negative interest rates don’t let...

IMF: Human level control in fintech cannot be avoided - 05/24/2019

Use of machine learning technologies to compile credit ratings can shorten time for issuing loans and increase financial inclusion in developing countries, a report by the International Monetary Fund states. However, preserving human-level control over financial decisions will still be an important safety requirement. Otherwise, decisions of banking programs, inexplicable from the point of view...

What to expect from Bitcoin? - 05/20/2019

The massive outflow of capital from China against the escalation of the trade war with the United States provoked a sharp increase in Bitcoin rate. Is there any chance that the positive dynamics of the cryptocurrency will last longer? In May, private investors and blockchain geeks watched sudden appreciation of the already somewhat forgotten digital asset, Bitcoin, which was a hot investment idea...

Escalation in the Middle East results in oil market uncertainty - 05/16/2019

Sharp aggravation of relations between Iran and the United States could lead to a new conflict in the Middle East. The United States is reinforcing the military in the region and asking its citizens in the Arab countries to be vigilant. At the same time, the Iranian leadership is calling for the population to resist. Against this background, uncertainty in the oil market is growing. On May 15,...

Europe’s largest media holding complains about digital media - 05/14/2019

Facebook, Google and Amazon won an economic victory over the traditional publishing business under current conditions of unequal competition, and this situation requires intervention at the level of EU and national government policies, says Hubert Burda Media executive board member Philipp Welte. “American technology corporations have mastered our markets and are using our content, while...
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