The organization of the largest oil exporters, OPEC, in March reduced oil production more than provided for by the global pact, as follows from the group’s monthly report. Eleven states - members of the club in March fulfilled the terms of the agreement to reduce oil production by 104 percent, concluded Reuters on the basis of the oil cartel’s reports. This figure coincided with estimates from...

America’s new President made the country unpredictable as never before. Therefore, for the rest of the world it would be important to become more independent of the US - both politically and economically. However, now the International Monetary Fund (IMF) has published statistics that do not indicate any desire for independence. The IMF’s data show that there is no hope for repelling the...

According to EuropeActive, number of Europeans attending fitness clubs increased by 4.4% last year to 56.5 million people. The first place by number of registered in the fitness clubs is occupied by Germany with 10.1 million people. As for coverage of the population, the leader here is Sweden since the country’s fitness centers are visited by every fifth Swede. According to EuropeActive...

Inflationary expectations of Japanese households have grown for the first time in the past two years, as the Bank of Japan evidenced in a survey. The organization says that consumers are paying attention to a series of increases in prices for food and household goods, writes Reuters. Share of households that expect prices to rise in a year was 67% in March 2017 compared to a four-year low of...

Coal is justly considered the cheapest yet the dirtiest fuel in the world. Its extraction creates a huge number of jobs, gives a multiplicative economic effect, and also provides many countries with heat and electricity. And the coal era seems to have come to an end. Power station Hazelwood in the Australian state of Victoria commenced to generate electricity 52 years ago. A bright symbol of the...

Markets are overestimating political risks in Europe and are lessening chances of a recession in the US, say analysts of Saxo Bank. The risk premiums in euros and European assets are likely to disappear after the French elections, senior investor of the Danish bank Steen Jakobsen said. Economic growth of the European region can surpass growth in the US during Donald Trump’s presidency, as...

According to Thomson Reuters, the global initial public offering (IPO) experienced a real takeoff in the first quarter of 2017. Volume of funds raised during the IPO amounted to $ 32.8 billion, which is 142% more than in the first quarter of last year. Rise of the IPO market has been recorded in all regions of the world, with the highest growth noted in the US and Latin America. According to...

The European Commission may refrain from introducing interim antidumping duties on supplies of hot-rolled steel from Russia, Ukraine, Brazil, Serbia and Iran in April. According to analysts, this turnabout is associated with an increase in domestic prices for hot-rolled steel in the EU, which compensates for dumping. However, the final decision on duties will be taken in October, and market...

Experts say that owners of London "premium" class real estate started to actively offer their own housing through such sites as Airbnb. This phenomenon can be explained by decline in prices for such kind of property and cost of long-term lease in expensive areas of London. Bloomberg reported that owners of London luxury real estate are increasingly putting their apartments and houses for sale and...