Markets & Industries
Pira Energy: Lack of investment can push oil prices up to $80 - 10/16/2017
Prospects of the oil market cause fears against the background of increased production of shale oil in the US and the growing popularity of electric vehicles, Bloomberg reports. Despite this, oil prices could reach $ 80 per barrel by 2022, says Gary Ross, director of Pira Energy, a division of S&P Global Platts. According to the analyst, Brent crude oil can significantly rise in price in the next...
Will London lose the gold trading market? - 10/16/2017
London is facing difficulties with its centuries-old status as a place where the world trades in gold, writes Bloomberg. Two US exchanges, CME Group Inc. and Intercontinental Exchange Inc., have discovered new ways of buying and selling precious metals. The volume of trading in New York is growing, and China, which is the world's largest consumer of gold, offers new ways to bet on the metal’s...
Expansion of the Panama Canal begins to bear fruit - 10/13/2017
Expansion of the Panama Canal, which required investments of $ 5.4 billion and took nine years, can be proclaimed justified now, as more and more cargo destined for the United States now pass this route instead of the Suez Canal, writes The Wall Street Journal. Since June 2016, the channel’s capacity has more than doubled. Now it can let pass ships of much larger size (New Panamax), containing up...
How to make money on the Catalonia crisis - 10/12/2017
When financial markets resumed work after the weekend, the Spanish stock indexes declined, the yield of sovereign securities rose, and the euro fell against the dollar (EUR/USD). Investors feared that the referendum on the independence of Catalonia could lead to the disintegration of Spain. Their concerns are justified, but the crisis seems overblown and therefore offers several attractive...
Volume of real estate sales in Europe is climbing up - 10/12/2017
According to Catella’s study, dedicated to residential real estate, volume of sales of real estate in Europe could increase to € 39 billion in 2017. The reasons for the constant increase in sales are urbanization, availability of capital, migration and demographic situation, writes Market Watch. "This is emphasized by the fact that Asian investors have become active in the continental European...
The European Commission makes sure if banks are ready to help their fintech competitors - 10/10/2017
The European Commission visited banking organizations in several EU countries. The regulator checked whether the banks are preventing the financial technical companies from obtaining customer data. Thus, the European authorities want to make sure that the financial sector is ready to comply with the legislation that will enter into force from January 2018. Representatives of the European...
Prices for business jets are falling due to low demand and oversaturated market - 10/10/2017
Bloomberg agency reports that the private aircraft market is experiencing a prolonged decline in prices against a background of reduced demand and market oversaturation. Manufacturers cannot get any help even from production curtailment, because of which it is necessary to introduce serious discounts. Prices in the private aviation market keep falling, and the nearest recovery is expected only in...
Large banks are leaving Catalonia - 10/09/2017
One of the largest Catalan banks Sabadell decided to move its headquarters from the region striving for independence from Spain to the Spanish city of Alicante. The credit institute reported on the last week after an emergency meeting of its board. Management of its rival CaixaBank held a similar meeting about at the same time, Reuters reported. With reference to informed sources, the agency...
Worldwide sales of industrial robots keep growing - 10/06/2017
According to forecasts of the International Federation of Robotics (IFR), in 2017 the world market of industrial robots will grow by at least 18% and amount to 346.8 thousand sold units. The Asian region will retain its positions as largest market – Chinese buyers alone may buy to 115 thousand such units. The new report of the International Federation of Robotics on the prospects of the industry...
Europe abolishes quotas for sugar production in the EU - 10/03/2017
Europe is on the verge of a "sweet flood". A decision to abolish quotas for sugar production came into effect in the EU. Since the beginning of this month, manufacturers of this product will be able to produce it in unlimited quantities. And this, of course, will affect the market and prices. In 2006, the European Union organized a reform aimed at reducing excess sugar and getting rid of small...
