According to a report of UBS and Campden Research, family offices that manage property and investments of wealthy families are gradually stepping aside the practice of investing in hedge funds, expressing concerns about ability of funds to make big profits. An exception may be investments in so-called "quantum" funds that use advanced calculation methods and computer technology to earn money...

The surplus of oil in the world market is declining due to higher than expected demand in Europe and the US, as well as lower production in OPEC and outside the cartel, the International Energy Agency (IEA) said. The agency raised assessment of the growth in oil demand in 2017 from 1.5 million to 1.6 million barrels per day (b/d), Reuters reports. "The growth in demand in OECD countries remains...

Leading technology concerns, such as Google and Apple, pay very low taxes in Europe, and so finance ministers of the largest European countries decided to correct this situation. In the future, amount of tax to be paid will be calculated on the basis of sales volume. This is stated in a joint written appeal of German Finance Minister Wolfgang Schaeuble and his colleagues from France, Spain and...

One of the problems of investors in European assets is associated with an abundance of factors that need to be considered. Spain differs from Italy, and Italy differs from Germany. But when the trend develops in the right direction, it creates a lot of opportunities. Now shares of Spanish companies offer a great way to play the card of the eurozone’s recovery. The country was badly hit by the...

A recent study of ACI Worldwide payment operator shows that developing countries have noticeably outperformed their developed neighbors by use of mobile wallets (Apple Pay, Android Pay, etc.). The most active users of such means of payment are residents of India, Thailand, Indonesia, Mexico and the United Arab Emirates, whereas consumers in the US and European countries are reluctant to part with...

On Monday, gold quotes renewed the annual maximum, coming close to $ 1340 per troy ounce. The Sunday tests of a hydrogen bomb in North Korea sharply increased investor interest in protective assets, among which the precious metal is the most popular. With the further increase in tension, gold has every chance of rising higher in price, yet excessive supply of funds will restrain this rally....

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...