Today in Vienna, the ministers of OPEC countries and other non-member states will discuss extension of the agreement on the reduction of oil production. So far it looks like the agreement is going to be extended. It is not yet clear whether the parties will agree on expanding production cuts, but this is quite possible considering that 10 countries will additionally join the agreement. Earlier,...

More recently, central banks of the world have faced two important issues. First, what to do with the emerging non-state crypto-currencies? Interest in them has grown considerably, and the price of Bitcoin, the most famous and popular digital currency, has come close to $ 10,000 (and even exceeded this mark at some exchanges). Secondly, should banks to issue state versions of cryptocurrencies?...

According to Allied Market Research, by 2022 the global market for cyber risks insurance will reach $ 14 billion. At that, Allianz reports that it will grow to $ 20 billion by 2025. A study from Fitch says that in 2016, the cyber risks insurance market in the US increased by 35%, up to $ 1.35 billion. Yet, the premiums for cyber risks are a drop in the bucket for the general insurance market. In...

The long reign of Zhou Xiaochuan as head of the National Bank of China is coming to an end. In January 2018 he turns 70 years old, and so he announced his forthcoming retirement in the last month. Zhou has been ruling the central bank of China from the first days of the "Chinese economic miracle" in 2002 and successfully - due to large-scale stimulation of lending - led the Chinese economy...

Only one thing can scare the oil market as much as the impulsive tyrants of the Middle East, and these are impulsive hedge fund managers. For the second time this year, record speculative rates to raise oil prices in American and European futures have made the market vulnerable to a sale. "No one wants to be the last in line," explains Ole Hansen from Saxo Bank. November 15, the widely traded...

Hundreds of loss-making and heavily indebted companies in Europe, especially in the southern countries, remain afloat thanks to the financing of banks and shareholders. According to economists and central banks, such zombie companies create artificial barriers to entry into markets, and their competitors are forced to cut prices. The economy cannot be cleared of weak companies and problem loans,...

Several major mergers and acquisitions in the field of high technology were announced in November in the United States. Some experts hope that a surge in activity in the technology market can stimulate the rather weak dynamics of the M&A market in 2017. However, other observers note that the uncertainty of the prospects for Donald Trump’s tax reform still prevents many companies from announcing...

Everyone was talking about the collapse of Bitcoin course by 30% literally a few days ago, but now nobody remembers it. The quotes have updated the historical maximum. A small correction has traditionally followed the maximum price, and now Bitcoin is trading just below $ 8 thousand. Thus, it took the most popular crypto currency only four days to recover from the sensational collapse. At the...

According to experts, the US will overtake Russia (the current leader) and will become the world leader in oil production by 2025. IEA specialists predict that world demand for oil will increase by about 10 percent by 2040. At the same time, the United States will become the undisputed leader in the world oil and gas market. It is expected that by 2025, oil production in the United States will...