Markets & Industries
American small brands are suffering from fakes on Chinese Alibaba's sites - 05/19/2017
President of the United States Donald Trump recently praised founder of Alibaba, Chinese billionaire Jack Ma, for his promise to help small and medium-sized businesses in the US sell their products through the company's Internet platforms. This new step is expected to create new jobs in the US. However, Alibaba sites have become more of a hindrance than a help for small US businesses. In December...
Capgemini: Third of consumers are ready to fully switch to car sharing and mobile services - 05/18/2017
Consulting company Capgemini has published a study on the impact of new technologies on consumer behavior when choosing, purchasing or owning a car. 34% of respondents told that such mobile services are a worthy substitute for private ownership of a car. Researchers believe that such changes in consumers' behavior should force automakers to change their strategy. According to Capgemini’s recent...
Analyst: Dow Jones will soar by 1000 points if Trump resigns - 05/18/2017
Collapse of US stock exchanges due to the ongoing scandals around Donald Trump caused a stormy reaction among analysts. One of them, professor of the Wharton business school at the University of Pennsylvania, Jeremy Siegel, believes that if President Trump resigns, the Dow Jones index will soar by 1,000 points. Consequences of scandals, which continue to shake Donald Trump’s administration, have...
Investors are not afraid of the EU's collapse anymore - 05/17/2017
Portfolio managers of the largest investment funds have become less afraid of the EU’s collapse. Supporters of a united Europe, primarily, the centrist Emmanuel Macron, are winning, slowdown of China's economy is gradually becoming the number one risk in the investors’ view. At the same time, shares of European companies are the most popular, while investors prefer to avoid American and Russian...
Germany is losing the solar energy market to China - 05/16/2017
Solarworld, Germany's largest producer of solar panels, has failed to stand a competition with Chinese companies that flooded the solar energy market with inexpensive panels. As reported by Reuters, Solarworld intends to file an application for bankruptcy of the company. The manufacturer noted in a statement that prices on the market have been relatively low for quite a long time. In this regard,...
Developing countries are still a titbit for luxury goods manufacturers - 05/16/2017
Consumers from developing countries, particularly, China, the United Arab Emirates and Russia, remain the main engine of growth in the global luxury market, according to Delloitte’s report. The share of consumers that increased spending on high-end products in the last five years amounted to 70% in these countries against 53% in developed markets (such as the EU, the US and Japan). Over the past...
Analysts: US is putting the screws on oil prices - 05/11/2017
The OPEC countries came to an agreement on extending the oil production restriction to the second half of the year, an Iraqi representative said. This agreement, according to some market participants, can cause significant damage to producers. Stabilization of the market and growing prices will become real if only the US, which once again increased production of shale oil, joins the freeze...
Bitcoin is expected to double the growth rate - 05/10/2017
Rate of bitcoin, the most popular crypto currency in the world, set a new record of value, going over the mark of $ 1,700 and having increased by 45% in the last month. A new surge of interest in bitcoin has already led some analysts to say that the rate of this crypto currency can reach almost $ 4000by the end of the year. Yesterday, the bitcoin rate reached a new record of $ 1,760, thus showing...
Morgan Stanley: OPEC production cuts are just a facade - 05/09/2017
The OPEC member countries have switched to hybrid tactics in the struggle for the world oil market. This is stated in Morgan Stanley bank’s latest review, dedicated to the cartel's policy. Formally, the cartel’s members are fulfilling their obligations to reduce production. In January-March, the implementation rate reached 99%, according to the International Energy Agency (IEA). At the same time,...
How Italy became completely dependent on the ECB - 05/09/2017
Italy is relying on the ECB in terms of reducing bond yields, given that foreign investors are hastily getting rid of Italian bonds, thus boosting their profitability. Analytical agency Eurointelligence notes that a sharp increase in the yield of Italian sovereign bonds is another evidence of the outflow of capital from Italy. Bank for International Settlements says that international banks...
