Economic activity in all 12 regions of the USA continued to grow at the end of April and May. The rates slightly changed compared to previous months. The only exception was the Dallas district, where the growth intensified to solid, according to the Federal Reserve’s review published on Wednesday. The color of the cover is beige, so the paper is called the Beige Book. The problems of foreign...

The euro exchange rate in the world market has updated the eleven-month minimum, having fallen to a level of $ 1.15. The European currency has significantly lost positions against the background of the new political crisis in Italy, which could limit the ECB's ability to tighten monetary and credit policy in the near future. The European currency continues to lose its positions in the world...

JPMorgan has prepared a report, where it states that 32 largest companies that manage large-scale capital account for only 50 percent of the market. Analysts at JPMorgan say that in the next five years the financial market is expected to consolidate, most likely involving Swiss companies. According to the report of JPMorgan, the large capitals management is the most fragmented sector in the...

The US Department of Justice began a criminal investigation into cases of possible manipulation of the price of bitcoins and other major crypto-currencies. The Commodity Futures Trading Commission (CFTC) is also involved in the investigation. Among other things, it deals with the trade in crypto-currency derivatives. The authorities intend to check whether traders use illegal practices, such as...

The decision by US President Donald Trump to cancel the meeting with North Korean President Kim Jong-un scheduled for June provoked a rise in the value of gold on the world market. On Thursday, the metal quotes, after a week and a half break, soared above the level of $ 1,300 per troy ounce. However, in the absence of further escalation of tension in the US-DPRK relations, the price has a chance...

Sri Shivananda, Chief Technology Officer of PayPal, believes that, despite the growing volume of digital payments, many market participants are facing serious competition with the cash. The top manager believes that payment companies need to work even harder on security and personal data protection in order to convince consumers to switch to digital payments more actively. "The main competitor is...

Indian Minister of State for Civil Aviation Minister Jayant Sinha is confident that by 2038 his country will be the second market in the world in terms of the number of passenger flights. By that time, airlines will carry out about 1 billion flights a year, which will allow the Indian market to bypass the United States. The growth rate of the local air market is indeed impressive. Over the past...

Shale drillers in the United States still are spending more money than they earn, even when prices have risen and recovered to the highs of the end of 2014. The reason is growth of costs and hedging, which did not take into account the rapid price increase. Of the 20 largest US oil companies that focus mainly on shale oil, only five were able to get more cash than they spent in the first quarter...

The world oil market may face a situation of supply reduction for two reasons - because of sanctions against Iran and because of falling supplies from Venezuela, experts of the International Energy Agency (IEA) warn in its May report. So far, the agency has not been able to assess impact of the US withdrawal from the deal on the nuclear program to restrict Iran's deliveries, as the export of oil...