Markets & Industries
China is about to completely ban all trade in cryptocurrencies - 02/07/2018
A bitter disappointment came after a stormy take-off at the end of last year and the euphoria for the crypto-currency fans. Bitcoin lost all of December's conquests in January and during a few days of February and on Monday fell even lower. In total for the first month of 2018, the market of crypto-currencies lost $ 340 billion, mainly due to the very real war that many Asian countries announced...
UPS: Europeans shop in foreign online stores increasingly often - 02/06/2018
Seven out of ten European online buyers at least once bought goods in a foreign online store. The main reasons for buying goods on foreign websites are more favorable prices and the need for a particular brand or product. According to Pulse of the Online Shopper study, commissioned by UPS in European countries in 2017, this indicates new opportunities for retailers operating in different regions...
Dow Jones shows maximum decline since 2008 - 02/05/2018
The American stock index Dow Jones demonstrated the most serious drop in one-day and weekly calculations since the global financial crisis of 2008. The US stock market suffered significant losses in the first week of February 2018. The S&P 500 index fell 2.1%, to 2,762.13 points; following the results of the week, the S&P 500 declined 3.9%. For the S&P 500, this was the most serious...
Why leading US banks are afraid of virtual money - 02/05/2018
Last Friday, three large US banks banned their customers from buying cryptocurrency using credit cards. JP Morgan Chase & Co., Bank of America and Citigroup fear that customers would not be able to return the bank's money taken from credit cards in the event of a collapse in prices for digital currencies. The fall in prices for crypto-currencies in January led to the fact that large banks are...
America regains its role on the world oil market - 02/02/2018
Oil production in America returned to record heights - 10 million barrels per day, just like 47 years ago. Thanks to the oil prices that have grown in recent months, it is now time to talk about the return of the slate revolution. The Energy Information Administration (EIA) reported on Wednesday that in November 2017, US oil companies reached the level of oil production at 10.04 million barrels...
The Fed postpones the rate hike until the new Head arrives - 02/01/2018
The last meeting of the US Federal Open Market Committee for Janet Yellen (she leaves the post of regulator on February 3) was held without surprises. The key rate was kept in the range of 1.25-1.5% per annum. Market participants are waiting for the first this year rate hike in March, while further investors and analysts expect to maintain a relatively soft monetary policy. The US Federal Open...
Global M&A volume reaches record high in January 2018 - 01/29/2018
Such a January has not been observed for nearly two decades, since the dotcom boom. The total volume of mergers and acquisitions in the first month of the year has almost reached 300 billion dollars. According to financial analyst company Dealogic, the total amount of mergers and acquisitions of companies (M&A) on the planet reached $ 273 billion in January 2018, and this is the record for...
Oxford Institute for Energy Studies: Oil market will shrink by the end of the oil era - 01/24/2018
The spread of electric vehicles in the world will lead to the fact that oil producers will share a much smaller market. At the same time, the OPEC and Russia will have to rebuild the economy, fight for markets and reduce oil prices, says Peak Oil Demand and Long-Run Oil Prices, a report of the Oxford Institute for Energy Studies. Spencer Dale, chief economist for BP oil company, and Bassam...
ECA International: Rent in London is the most expensive in Europe - 01/24/2018
London turned out to be the most expensive European city for renting a standard family three-room house of the middle class. However, rent here is three times higher than in other cities in the UK, as evidenced by recent research. So, a house in the UK capital will cost an average of £ 5,398 per month, which is £ 3,693 more expensive than the average monthly rent in Europe. As for the other big...
EY: 10% of funds raised at ICOs are stolen - 01/23/2018
10% of the funds raised in the initial placement of tokens (ICO) are either stolen or lost as a result of hacker attacks, Reuters reports citing Ernst & Young (EY). The company analysed around 380 ICOs and discovered that about $ 400 mln of the attracted $ 3.7 bln were stolen. The most widely used hacking technique for ICO was phishing. Hackers steal nearly $ 1.5 million in proceeds from...
