Markets & Industries
What is happening to the European market of passenger air travel? - 10/26/2017
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...
British banks do not believe in crypto currencies - 10/25/2017
According to the British media, local companies working in the crypto-currencies industry, are complaining that the British banks do not want to open accounts for them in the country. Because of this, British crypto-currency companies are forced to open accounts outside of Britain, for example in Poland, Bulgaria or Gibraltar. According to the Financial Times (FT), the current situation "raises...
The US shale revolution reaches its limits - 10/24/2017
The period of rapid development of the shale industry in the United States is coming to an end: the incoming data show a decrease in the productivity of drilling rigs, as well as a slowdown in the previous trends with noticeable reduction in time for drilling wells, the Financial Times believes. The article notes that in recent years there have been clear signs that the previous growth rates of...
Holiday property in France is growing in price as Switzerland is losing popularity - 10/24/2017
The demand for winter holidays at ski resorts is falling: a quarter of tourists are coming there just for the sake of landscapes. This affects the prices of luxury real estate in the popular Swiss resorts – they are becoming cheaper. In France, on the contrary, real estate in ski resorts is growing in price. Real estate in the ski resorts in France is now more expensive than the Swiss, says...
Why no one knows future price of oil - 10/20/2017
The world's largest oil traders believe that next year the price of oil can overcome the $ 60 mark for a barrel against the backdrop of growing demand and a falling supply from OPEC. Or, perhaps, it will fall in price to $ 45 when the next shale boom hits the market. Glencore Plc, Gunvor Group and Trafigura Group are in favor of rising prices, Vitol Group is predicting a decline. The difference...
Three surprises in the Q3 reporting season - 10/19/2017
The reporting season for the third quarter is now officially open - J.P. Morgan Chase and Citigroup have already revealed their results. Investors and analysts will closely monitor results of companies to understand whether they justify the recent stock market records. Corporations may refer to a series of events in the past three months, including hurricanes that devastated certain regions of...
Wood McKenzie: We will reach the peak of oil consumption not later than 2030 - 10/18/2017
Wood McKenzie research company has released a report, which shows that demand for gasoline will reach an absolute peak in the next 13 years. This will be followed by years of zero growth and, finally, a drop associated with the growth of the electric vehicle market. Earlier, other experts made similar forecasts, but attributed the peak to a longer term. The world consumption of gasoline will...
Pira Energy: Lack of investment can push oil prices up to $80 - 10/16/2017
Prospects of the oil market cause fears against the background of increased production of shale oil in the US and the growing popularity of electric vehicles, Bloomberg reports. Despite this, oil prices could reach $ 80 per barrel by 2022, says Gary Ross, director of Pira Energy, a division of S&P Global Platts. According to the analyst, Brent crude oil can significantly rise in price in the next...
Will London lose the gold trading market? - 10/16/2017
London is facing difficulties with its centuries-old status as a place where the world trades in gold, writes Bloomberg. Two US exchanges, CME Group Inc. and Intercontinental Exchange Inc., have discovered new ways of buying and selling precious metals. The volume of trading in New York is growing, and China, which is the world's largest consumer of gold, offers new ways to bet on the metal’s...
Expansion of the Panama Canal begins to bear fruit - 10/13/2017
Expansion of the Panama Canal, which required investments of $ 5.4 billion and took nine years, can be proclaimed justified now, as more and more cargo destined for the United States now pass this route instead of the Suez Canal, writes The Wall Street Journal. Since June 2016, the channel’s capacity has more than doubled. Now it can let pass ships of much larger size (New Panamax), containing up...
