Markets & Industries
Bloomberg: London will remain the world's financial capital - 11/14/2017
Businessman and former Mayor of New York Michael Bloomberg believes that London will remain the global financial capital after Brexit. "New York is the financial center of the United States. London will long remain the financial center of Europe in the foreseeable future. It has what the financial industry needs", - quoted by BBC. According to Bloomberg, Britain's withdrawal from the EU is likely...
10 countries that will determine the fate of the oil market - 11/13/2017
OPEC and Russia called on the world's leading oil producers, both member and non-members of the cartel, to support an agreement to limit production to the end of 2018. It is expected that OPEC will announce a consensus at the next meeting, which will be held at the end of November. It's time to remember the top 10 oil-producing countries, on which the future of the agreement depends. 10. Norway...
"Butter crisis" breaks out in France - 11/10/2017
A real "butter crisis" has erupted in France: buyers of French hypermarkets will face a sharp deficit of butter in the near future. Refrigerating sections in the French supermarkets became especially gloomy. Clients, still spoiled with a choice between butter from Normandy, salty butter from Brittany, low-fat diet and flavored products, will now face a dramatic shortage of even plain butter, Der...
Audiocassettes are making a big comeback to the market - 11/09/2017
Black Friday in the US is around the corner, and retailers and record labels are planning to release new music albums on cassette tape. This audio format came from the 1980s and 90s. Now, its popularity has reached such a scale that superstars like Metallica, Eminem and Justin Bieber have long included cassette tapes in the media for their albums, and some, like the White Stripes, have just...
ECB sets out to deal with bad loans in Europe - 11/08/2017
On Tuesday, the European Central Bank (ECB) tried to tame a conflict with European and Italian authorities about its plans to deal with problem loans by opening the doors to work with other institutions and adapting its approach to each individual bank, Reuters writes. The ECB has been heavily criticized for setting general rules on how much money banks should allocate for new unpaid loans. This...
Urban Land Institute, PwC: German cities are the most promising for investment - 11/07/2017
Immediately four German cities entered the top 10 of the new rating from the Urban Land Institute and PwC, which ranks European real estate markets on the prospects of their development and investment attractiveness. In the first place is Berlin, followed by Frankfurt and Copenhagen. By contrast, London after the Brexit referendum began to rapidly lose ground and is now only on the 27th place out...
The US disconnecs Chinese banks from its financial system - 11/06/2017
The Department of the US Treasury Department for Combating Financial Crimes (FinCEN) announced disconnection of the Chinese Bank of Dandong from the US financial system for cooperation with North Korea. "The actions will improve protection of the US financial system from illegal schemes used by North Korea to evade sanctions and finance its weapons programs," Finance Minister Steven Mnuchin said...
The Bank of England raises the rate for the first time since 2007 - 11/02/2017
Following results of the November meeting, the Bank of England decided to raise the base interest rate by 0.25 percentage points to 0.5% per annum. The Central Bank raised the rate for the first time in more than 10 years. The minutes of the meeting indicate fears about instability of the economy close to 2019, when the UK should withdraw from the European Union. 7 of the 9 members of the Bank...
Assets under management of investment companies will grow to $ 145 trillion by 2025 - 11/02/2017
According to the PwC forecast, assets under management of investment companies will grow by 6.2% per year in the coming years. In 2016, they amounted to $ 84.9 trillion, in 2020 will increase to $ 111.2 trillion, and are expected to reach $ 145.4 trillion by 2025. Yet, the money won’t come easy. "Asset managers will be able to take advantage of this huge opportunity for growth only if they...
Oil market: 4 important forecasts for the next year - 10/30/2017
Experts of the oil market are tirelessly making forecasts about how the situation in the market will change. Now that the year is gradually coming to an end, they are trying to identify what factors will have an impact on the oil market in the next year. 1. Cost of drilling and development of wells will grow The next year will bring a trend that will have a strong impact on US companies, both...
