Following results of the summit in Algeria, participants in the OPEC + agreement, contrary to expectations, did not give the market a clear signal about their readiness to increase production to replace Iranian oil. Its exports may decrease after US sanctions entry into force in early November. Thus, the agreement’s leaders, Saudi Arabia and Russia, have so far paused to see the extent of real...

Representatives of the Swiss bank UBS said that China is still the most attractive market of all developing countries. According to Katherine Tsai, Head of the UBS investment fund engaged in dealing with China, the introduction of the US new tariffs will not have a significant impact on the economy of China, and the potential for its growth remains very high. Katherine Tsai, who heads the UBS...

S&P Global is interested in the $ 11 trillion bond market in China, which may be good news for international investors who need more reliable bond ratings, CNBC reports. S&P Global Financial Director Ewout Steenbergen noted that now is the right time to come to China, since the largest economy of Asia lifted restrictions on foreign ownership for credit rating agencies. Clarifying the...

Most likely, the US outstripped Russia and Saudi Arabia in terms of production, thus becoming the largest oil producer in the world, stated the Energy Information Administration (EIA) of the US Department of Energy, based on preliminary data of the short-term energy forecast. In August, the production of crude oil in the United States averaged 10.9 million barrels per day (bpd), which is 120...

OPEC downgraded forecast for the growth of world oil demand in 2018 by 20 thousand barrels per day, up to 1.62 million barrels per day (bpd). This is stated in the OPEC report. The organization's forecast for world oil demand in 2019 was also reduced by 20 thousand bpd, up to 1.41 million bpd. World demand for oil in 2019 is projected at 100.23 million bpd, which is 30,000 bpd below the previous...

Chinese vases of the XII century are very different from consumer and industrial goods, imports of which the US wants to limit within the trade war with China. However, antiques and more modern works of Chinese art were included in the list of goods worth $ 200 billion in total, on which Washington can introduce 25% duties. This caused outrage among art dealers and collectors. The administration...

If the current weakness of emerging markets develops into a global crisis, Europe can become its epicenter, believe the experts of Bank of America Merrill Lynch. Recently, European stock indices showed low results, while emerging market currencies fell against the backdrop of tightening dollar liquidity. The region with its open economy and high level of debt is more vulnerable to weakening of...

The fund, with its trillions of capital, which has real estate in the US, Britain, France, Germany and Switzerland, is now trying to enter the real estate market in Singapore. When the largest sovereign fund of the planet, the Norwegian Welfare Fund, with assets of over a trillion dollars, was going to buy real estate in 2010, its managers aimed at about a dozen of the world's wealthiest cities....

In Africa 320 million people still do not have access to drinkable water that meets the basic hygiene standards. The filtering of used water is an issue as well since 80% of it is simply rejected into the wild and pollutes the environment. Veolia Water Technologies (VWT), a subsidiary company of the French multinational and present in 77 countries, specializes in the services and the filtering of the water. Its new Director for Development in Africa, Sébastien Gary describes for us the many challenges that await VWT in this part of the world.