Markets & Industries
Klaas Knot urges the ECB to finish quantitative easing - 03/30/2018
The world no longer needs an "extraordinary" monetary stimulus, says Klaas Knot, member of the board of governors of the European Central Bank. He said that the ECB should play its role by completing the bond buying program after September, writes Bloomberg. "The main priority is the normalization of monetary policy and strengthening of the economic and monetary union," said Knot, who also heads...
WTTC: Growth of the tourism industry exceeds the global economic growth - 03/28/2018
Every fifth of all new jobs created around the world in 2017 emerged in the tourism industry, according to a new large study by the World Travel and Tourism Council (WTTC). The study said that 7 million new jobs were created in tourism around the world in the last year (there are 313 million jobs now). The global travel and tourism sector grew by 4.6% last year, which is 50% higher than in the...
China oil futures: bad news for the dollar - 03/27/2018
On March 26, China has formally launched trading in oil futures in yuan, which became the first futures on the mainland of China for foreign investors. The volume of the first day of trading in yuan oil futures exceeded $ 2.9 billion, according to China Central Television. Shanghai International Energy Exchange began trading in oil futures, hoping to compete with the main targets of the oil...
The French Ministry of Finance vs. Banque de France: Will cryptocurrencies become an apple of discord? - 03/22/2018
French Finance Minister Bruno Le Maire intends to bring the country to the forefront of the "cryptorevolution." In particular, he told Numerama: "The revolution is on the way. I encourage you not to stand aside as spectators - it's time to take action. The industry of virtual finance is not our enemy, it will help strengthen our economy." Following this statement, the Minister announced...
Forecast: The global military UAV market will reach $ 10 bln in less than 10 years - 03/21/2018
After Islamists used commercial drones deliver ammunition to militants in Iraq and Syria, military-industrial complexes of different countries decided to catch up and began to introduce their own military drones. The UK Last year, SteelRock company presented the drone "Velvet Wasp" at the air show in Dubai. The UAv, which is ideally operated by two people, is capable of dropping a...
The US to edge out Russia in the European gas market - 03/21/2018
The US, which plans to become a serious competitor to Russia in the gas market in Europe, became a net exporter of gas for the first time in 60 years. In recent years, the country has systematically increased production, expanded the supply of pipe gas to Mexico and Canada, and also built liquefaction plants. In the fight for the market, Washington bets on LNG, the production of which in the US...
The US and Germany are grabbing the biggest piece of investment in the global automotive industry - 03/20/2018
Investments of the world's leading automakers, which are preparing for the boom of electric vehicles, are now flowing not to the emerging markets, such as China or India, but to the US and the European Union, in particular, Germany. This is reported by the international consulting company Ernst & Young (EY). Nowadays, German companies are the most active investors in the production of...
Volume of bad loans in European banks reaches $ 1.17 trillion - 03/16/2018
The volume of "bad loans" in European banks has reached about $ 1.17 trillion. The situation is particularly difficult in Greece and Italy. To get rid of ballast, European banks even began to recruit new employees. However, there are problems with American and Japanese banks, too. According to Bloomberg, European banks are not able to return bad loans worth € 944 billion ($ 1.17 trillion). "For...
IEA predicts a shortage of supply in the oil production market - 03/15/2018
As follows from the latest report of the International Energy Agency (IEA), the world oil market may face a supply deficit in the second quarter of this year if oil production in OPEC countries remains at the current level. The agency believes that the country, where oil production can show the steepest fall, is Venezuela. The second quarter of this year may bring a shortage of supply on the...
What you need to know about Ripple - 03/14/2018
What is actually called a crypto currency in the Ripple system, who owns most of the tokens and whether you need them to use the network. Bitcoin has become one of the most profitable assets of 2017, but its shadow hides a whole bunch of various crypto-currencies. Many investors look at altcoins in order to diversify the portfolio or in search of higher yields. At that, Ripple grew even faster...
