The gold surplus in the world reached a maximum in twelve years. This is evidenced by the data of Thomson Reuters, according to which the amount reached 230 tons in the third quarter of 2017. The supply significantly exceeds demand due to sharply reduced investments of exchange investment funds against the background of accelerated growth in the world economy and prices rising in other markets....

The European Central Bank (ECB) on Thursday decided to reduce the volume of purchase of assets in the framework of the program of quantitative easing from € 60 billion to € 30 billion. Thus, the support of the union’s financial system is being gradually curtailed. At the same time, the ECB program itself has been extended at least until September 2018. The bank believes that the main obstacle to...

On Friday, October 27, the bankrupt Air Berlin airline will be sending its plane for the last time. At 21.35 local time, the liner should depart from Munich and arrive at Berlin's Tegel Airport at 22.45. This is a kind of end of the era for the German market of passenger air travel: the main competitor of Lufthansa, which acquires most of Air Berlin's assets, ceases to exist almost 40 years after...

According to the British media, local companies working in the crypto-currencies industry, are complaining that the British banks do not want to open accounts for them in the country. Because of this, British crypto-currency companies are forced to open accounts outside of Britain, for example in Poland, Bulgaria or Gibraltar. According to the Financial Times (FT), the current situation "raises...

The period of rapid development of the shale industry in the United States is coming to an end: the incoming data show a decrease in the productivity of drilling rigs, as well as a slowdown in the previous trends with noticeable reduction in time for drilling wells, the Financial Times believes. The article notes that in recent years there have been clear signs that the previous growth rates of...

The demand for winter holidays at ski resorts is falling: a quarter of tourists are coming there just for the sake of landscapes. This affects the prices of luxury real estate in the popular Swiss resorts – they are becoming cheaper. In France, on the contrary, real estate in ski resorts is growing in price. Real estate in the ski resorts in France is now more expensive than the Swiss, says...

The world's largest oil traders believe that next year the price of oil can overcome the $ 60 mark for a barrel against the backdrop of growing demand and a falling supply from OPEC. Or, perhaps, it will fall in price to $ 45 when the next shale boom hits the market. Glencore Plc, Gunvor Group and Trafigura Group are in favor of rising prices, Vitol Group is predicting a decline. The difference...

The reporting season for the third quarter is now officially open - J.P. Morgan Chase and Citigroup have already revealed their results. Investors and analysts will closely monitor results of companies to understand whether they justify the recent stock market records. Corporations may refer to a series of events in the past three months, including hurricanes that devastated certain regions of...

Wood McKenzie research company has released a report, which shows that demand for gasoline will reach an absolute peak in the next 13 years. This will be followed by years of zero growth and, finally, a drop associated with the growth of the electric vehicle market. Earlier, other experts made similar forecasts, but attributed the peak to a longer term. The world consumption of gasoline will...