Markets & Industries
China to set a new record of iron ore imports - 07/13/2017
This year, import of iron ore to China is likely to significantly exceed 1 billion tons, beating the record in 2016. The data for the first half showed another surge in freight traffic and underscored capability of the largest steel producer to absorb growing marine supplies, Bloomberg reported. According to customs, the volume of supplies in June amounted to 94.7 million tons, compared with 91.5...
European Union reveals a plan to deal with bad debts - 07/12/2017
European Union countries outlined a plan of action to deal with problem loans. The European Banking Authority will receive more rights to supervise financial institutions. In addition, European banks will be regulated by new rules. The EU states want to reduce the volume of problem loans in European banks as soon as possible. At the moment, the sum numbers nearly 1 trillion euro. German Finance...
ICOs helped raise over $ 1 billion in total - 07/12/2017
In the current year, start-ups attracted over $ 1 billion through the ICO, which is ten times more than for the entire 2016, says The Wall Street Journal, citing data from Smith & Crown, a crypto-active research company. The middle of this year is marked by two large crowdsale. ICO was carried out by software manufacturer Dynamic Ledger Solutions (Tezos) and a startup block.one, specializing...
Trump’s policy collapsed foreign direct investment in the US - 07/06/2017
The inflow of direct investment in the US has decreased noticeably. German businessmen are particularly cautious, WirtschaftsWoche writes with reference to the preliminary calculations of the US statistical office. The amount of direct investment of foreign enterprises into the American economy has sharply decreased. This is particularly true for Germany, says WirtschaftsWoche edition on Sunday,...
Frankfurt is winning the Brexit banking race - 07/04/2017
Apparently, Frankfurt-am-Main has won the Brexit race. For decades, the German city sought to gain world-wide importance, and tried to compete with London for the title of financial center of Europe after the euro was introduced. However, Frankfurt-on-Main did not manage the capital of Great Britain, Bloomberg writes. As Britain is leaving the European Union and banks are seeking to maintain...
India’s bond market gains popularity - 07/04/2017
Foreign investors and state banks of India have different opinions on prospects of the government bond market of the country with a volume of $ 750 billion, writes Bloomberg. Last quarter, lenders sold India's sovereign bonds for 952 billion rupees ($ 14.7 billion). At the same time, foreign funds increased their investments in India bonds by more than Rs. 422 billion. Two classes of investors...
PwC: Artificial intelligence will lift global GDP by $ 15.7 trillion - 06/30/2017
Introduction of artificial intelligence (AI) can bring the world’s economy an additional $ 15.7 trillion, or 14% of global GDP, by 2030. This is more than the current aggregate volume of economies of China and India in nominal terms, according to a recent study by PwC. Of this amount, $ 6.6 trillion will be spent to increase productivity due to automation of business processes (including use of...
Petya knocks down shares of companies around the world - 06/29/2017
Companies around the world are suffering from consequences of the attack of virus Petya. The world's largest container shipping company A.P. Moller-Maersk completely stopped the work of its computer system to assess the problem’s extent. In addition, among the victims were major technology companies, whose shares are falling. The ransomware Petya, which started spreading in Ukraine, Russia and...
Analyst: Gold can reach $ 1,5 thousand for the first time since 2015 - 06/27/2017
Prices for gold increased by about 8% compared to the same period last year. This is not surprising for Frank Holmes, chief executive officer and chief investment officer of U.S. Global Investors. He sees many reasons why prices can grow further - potentially up to 1.5 thousand per ounce. This will be 20% higher than the current level of about $ 1,250. In fact, a positive outlook for gold is...
Automotive suppliers will not benefit from electric cars - 06/26/2017
According to Moody’s analysts, car component manufacturers will not receive much benefit from the spread of electric vehicles. The reasons for this are increased competition not only among the carmakers themselves, but also with semiconductor manufacturers. According to the agency's forecasts, various types of cars on alternative energy sources can account for up to 15-20% of the entire car...
