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...

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,...

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...

The first Chinese large passenger airliner C919, created by the state company Comac, rose off the ground on Friday. Beijing hopes that Comac will compete with Boeing and Airbus. However, you can lift an airplane into the air, but may not be able to withstand tough competition in the civil aviation market. Given reports that China has allocated $ 317 billion to finance projects using new...

European Automobile Manufacturers' Association (ACEA) reports that 213,000 cars with alternative engines (electric vehicles and hybrids) were sold in the EU in the first quarter, which is 37.6% more than a year ago. The most significant increase in sales was shown in the segment of electric vehicles operating on batteries, by 49.0%, to 24.6 thousand cars. The ACEA’s release notes "significant...

Situation with the car market of the USA looks alarming. Sales have been falling for the fourth month in a row, while number of cars in warehouses increased to the level of the 2009 crisis. First of all, let's go back to the sales statistics. For all major brands, the data turned out to be worse than forecasts and showed a decline. The drop in sales has been observed for four months in a row, a...

Fate of the largest Canadian non-bank mortgage lender Home Capital Group has been determined over the weekend. The company faced an outflow of almost 70% of deposits, and announced attraction of an extremely large credit line for 2 billion Canadian dollars to provide liquidity. The situation frightened the shareholders, the papers fell by 10% and destroyed two-thirds of the company's market cap...

President of the United States Donald Trump said that he is considering a possibility of forcing the largest banks of the country to be split. Experts believe that, if done right, this measure can be beneficial both to the entire financial market and to bank investors. The reform would bring more severe competition to the market, and investors will be able to successfully sell their shares in the...

Number of new homeowners in the US was twice as larger as number of new tenants in the first quarter of this year. According to American observers, the situation in the real estate market indicates a change in the trend, which lasted more than ten years. Then, after the mortgage and financial crisis, people preferred to rent rather than buy. According to the US Census Bureau, the number of new...