Saudi Arabia is considering a plan to reduce subsidies for gasoline and jet fuel no later than November, as the world's largest oil exporter is promoting a program to cut government spending after prices in the world market are falling, reports Bloomberg. As part of the plan, the government intends to bring petrol prices to parity with prices in the international market, a source familiar with...

Historically, September is the ideal time for those who want to make money in financial markets, suggest biographies of well-known traders. The summer of 2017 was quite volatile, and activities will increase as major market participants are returning from vacation. Here are the five most interesting trading opportunities that will bring you profit before the end of this month. 1. Sell bitcoin...

There are many technologies and materials to meet the needs of the growing market of electric vehicles, but there are not enough lithium deposits. Fears of a shortage of lithium appeared about two years ago and led to a jump in prices for this metal almost three times high in just 10 months. The current price of lithium exceeds 20 thousand dollars per ton. The reason was a sharp increase in the...

Currency strategists of Japanese financial company Nomura believe that the dollar expects a prolonged decline. But there are also investment ideas in other currency pairs. Currencies have recently become very sensitive to any changes in the economic and geopolitical situation in the world. And if geopolitical risks affect the market only in the short term, global changes in the policy of the...

According to a report of UBS and Campden Research, family offices that manage property and investments of wealthy families are gradually stepping aside the practice of investing in hedge funds, expressing concerns about ability of funds to make big profits. An exception may be investments in so-called "quantum" funds that use advanced calculation methods and computer technology to earn money...

The surplus of oil in the world market is declining due to higher than expected demand in Europe and the US, as well as lower production in OPEC and outside the cartel, the International Energy Agency (IEA) said. The agency raised assessment of the growth in oil demand in 2017 from 1.5 million to 1.6 million barrels per day (b/d), Reuters reports. "The growth in demand in OECD countries remains...

Leading technology concerns, such as Google and Apple, pay very low taxes in Europe, and so finance ministers of the largest European countries decided to correct this situation. In the future, amount of tax to be paid will be calculated on the basis of sales volume. This is stated in a joint written appeal of German Finance Minister Wolfgang Schaeuble and his colleagues from France, Spain and...

One of the problems of investors in European assets is associated with an abundance of factors that need to be considered. Spain differs from Italy, and Italy differs from Germany. But when the trend develops in the right direction, it creates a lot of opportunities. Now shares of Spanish companies offer a great way to play the card of the eurozone’s recovery. The country was badly hit by the...

A recent study of ACI Worldwide payment operator shows that developing countries have noticeably outperformed their developed neighbors by use of mobile wallets (Apple Pay, Android Pay, etc.). The most active users of such means of payment are residents of India, Thailand, Indonesia, Mexico and the United Arab Emirates, whereas consumers in the US and European countries are reluctant to part with...