Sales of new cars, one of the most important indicators of the economy, collapsed in the US following the results of 2017 for the first time after the world crisis of 2008. In the new year, the fall will continue. During the financial crisis of 2007-2009, the demand for new cars has fallen to the lowest levels in decades, and US authorities have sent billions of dollars from the US budget to save...

Federal regulators rejected a controversial proposal by the US Presidential Administration of Donald Trump, which was supposed to support coal companies, CNNMoney writes. The Federal Energy Regulatory Commission (FERC) rejected Energy Minister Rick Perry's request for subsidies for coal-fired power plants and nuclear power. Perry referred to the need to improve stability of the country's energy...

The incredible history of oil yuan, apparently, will be a serious challenge for the West, which now simply ignores this threat. Not only launch of oil futures in RMB serves as a hedging tool for Chinese companies. These contracts will support China's efforts to expand use of the renminbi in world trade, that is, accelerate de-dollarization. Experts expect that the role of the Chinese currency in...

Although high stock quotes are increasingly confusing analysts, investors are still optimistic. At the end of the year the markets got what they expected: the US Congress approved a large-scale tax cut that will increase the profitability of US corporations in the next year. At the same time, maintaining relatively low market rates supported the inflow of funds to emerging markets. The chance to...

MasterCard reported that the volume of holiday retail sales in the US grew by 4.9% in 2017 compared to the previous year. This dynamic is a record since 2011. The growth in sales was marked by a record number of announcements about closure of traditional retail stores. Experts note that this is a natural trend in recent years. Now, the consumers prefer online shopping to traditional shopping...

Saudi Aramco, the state company of Saudi Arabia, is looking for opportunities to conclude a deal with a company working on shale deposits in the United States. If successful, this will be the country’s first international investment in the oil and gas sector. Saudi Aramco held preliminary talks about the share in the Tellurian Houston company, which is liquefying natural gas, or buying LNG from...

A team, headed by the analyst of US investment bank Morgan Stanley James Fawcett, sent out a note to the bank’s clients a few days ago, stating that the real cost of Bitcoin, the most popular crypto currency in the world, is zero. According to The Business Insider, the document emphasizes that it is practically impossible to reason the real price of the most popular crypto currency at the moment....

The end of the year is the time to sum up and make forecasts for the next year. This concerns, among other things, the energy and the oil markets. As a rule, experts make various forecasts at the end of the year concerning such aspects as OPEC policy, energy consumption, raw material prices, car sales in China. However, only a small part of them do come true. Therefore, many analysts believe that...

They say that diamonds are forever. Yet, they can also be very expensive. On December 5, 173 lots of jewelry, auctioned at Sotheby's, were sold for $ 54 million. Among them were jewels of the famous English actor Sean Connery, the performer of the James Bond role. The next day, the favorite car of Agent 007 - Aston Martin DB5 - was put up for sale for $ 2.7 million. It was one of 24 vintage cars...