The People's Bank of China recognized ICO (Initial Coin Offering, a process of initial placement of tokens) as illegal and demanded the immediate cessation of all such operations. A study conducted by the bank’s experts showed that ICOs undermine financial markets and should be banned, a message posted on the People's Bank of China’s website notes. In the future, the Chinese central bank intends...

Effects of Hurricane Harvey made US terminals, which account for 90% of US LNG exports, stop sending propane and butane to countries in the Asia-Pacific region. This was reported by Bloomberg agency. According to the expert on the oil market, Bert Gilbert, the dispatch of tankers with liquefied gas from the terminals of the Gulf of Mexico stopped on August 25. Leading private US companies...

ComScore research company gathered data on the use of mobile applications among the adult population of the United States and formed a rating of the most rapidly developing services. According to 2017 U.S. Mobile Apps Report, users spend 57% of the time in digital media in applications, of which 50% fall on smartphones and 7% - on tablets. Young users of 18-24 ages are particularly active – they...

In 1896, Charles Dow, co-founder of Dow Jones & Company, invented an index, which still bears his name. Today, the Dow Jones Industrial Average, the S&P 500 (for stocks listed on the New York Stock Exchange) and the FTSE 100 (in London) are some of the most famous brands in the financial world. At the same time, their role has increased dramatically in recent years. The index-makers have...

On Monday, cost of all electronic currencies in circulation in the world increased to a record $ 160 billion thanks to the growth of Bitcoin and Ethereum rates, MarketWatch writes with reference to the data of Coinmarketcap website. Bitcoin, according to the latest data of Coindesk.com, is trading at $ 4397, which is about 2.7% below the record high. Ethereum costs $ 342.7, having fallen in price...

Hurricane Harvey hit the Gulf of Mexico, but oil did not go up. Traders, specializing in energy, believe that these are the consequences of the slate revolution. The hurricane of the fourth category hit the Texas coast of the Gulf of Mexico on Friday, and market participants immediately gave their assessment of what is happening: futures for Texas crude WTI fell sharply. Phil Flynn, a senior...

Fintech start-ups have prompted innovations in the financial sector, but could not intercept the market share of traditional financial institutions, as follows from a report of the World Economic Forum (WEF). Major technology companies that supply the sector with the most important technologies are now creating a competitive environment in the banking and insurance industry. At the same time,...

Shortage of vanilla supply on the world market caused prices for the product to rise to record levels. Now, vanilla costs tens of times higher a few years ago. This, in turn, has jeopardized production of traditional vanilla ice cream, British and American media reported. According to Eurovanille organization, the price of vanilla pods earlier this summer exceeded $ 600 for 1 kg against less than...

Germany is the main economic force of the European economic community. The country is one of the world's leading exporters, has strong ties with the US and other trading partners, and leading German companies, many of which have the upper hand in their fields, are well-known to investors. Investing in the German economy is quite simple, and there are several ways to do it. Here are the most...