Immediately four German cities entered the top 10 of the new rating from the Urban Land Institute and PwC, which ranks European real estate markets on the prospects of their development and investment attractiveness. In the first place is Berlin, followed by Frankfurt and Copenhagen. By contrast, London after the Brexit referendum began to rapidly lose ground and is now only on the 27th place out...

The Department of the US Treasury Department for Combating Financial Crimes (FinCEN) announced disconnection of the Chinese Bank of Dandong from the US financial system for cooperation with North Korea. "The actions will improve protection of the US financial system from illegal schemes used by North Korea to evade sanctions and finance its weapons programs," Finance Minister Steven Mnuchin said...

Following results of the November meeting, the Bank of England decided to raise the base interest rate by 0.25 percentage points to 0.5% per annum. The Central Bank raised the rate for the first time in more than 10 years. The minutes of the meeting indicate fears about instability of the economy close to 2019, when the UK should withdraw from the European Union. 7 of the 9 members of the Bank...

According to the PwC forecast, assets under management of investment companies will grow by 6.2% per year in the coming years. In 2016, they amounted to $ 84.9 trillion, in 2020 will increase to $ 111.2 trillion, and are expected to reach $ 145.4 trillion by 2025. Yet, the money won’t come easy. "Asset managers will be able to take advantage of this huge opportunity for growth only if they...

Experts of the oil market are tirelessly making forecasts about how the situation in the market will change. Now that the year is gradually coming to an end, they are trying to identify what factors will have an impact on the oil market in the next year. 1. Cost of drilling and development of wells will grow The next year will bring a trend that will have a strong impact on US companies, both...

According to the Singaporean analytical agency Canalys, shipments of smartphones in India in the third quarter of 2017 increased by 23% compared to the same period last year and amounted to 40 million units. This event allowed India to bypass the US and become the second largest smartphone market in the world. According to analysts at Canalys, improvement of the Indian network coverage of 4G...

The gold surplus in the world reached a maximum in twelve years. This is evidenced by the data of Thomson Reuters, according to which the amount reached 230 tons in the third quarter of 2017. The supply significantly exceeds demand due to sharply reduced investments of exchange investment funds against the background of accelerated growth in the world economy and prices rising in other markets....

The European Central Bank (ECB) on Thursday decided to reduce the volume of purchase of assets in the framework of the program of quantitative easing from € 60 billion to € 30 billion. Thus, the support of the union’s financial system is being gradually curtailed. At the same time, the ECB program itself has been extended at least until September 2018. The bank believes that the main obstacle to...

On Friday, October 27, the bankrupt Air Berlin airline will be sending its plane for the last time. At 21.35 local time, the liner should depart from Munich and arrive at Berlin's Tegel Airport at 22.45. This is a kind of end of the era for the German market of passenger air travel: the main competitor of Lufthansa, which acquires most of Air Berlin's assets, ceases to exist almost 40 years after...