Markets & Industries
The decline in oil prices made food cheaper - 04/27/2016
Improved market expectations and the weakening of the US dollar can increase the base oil price’s forecast for this year from $ 37 to $ 41 per barrel. This was said in the World Bank (WB)’s quarterly forecast of the commodity markets. In the first quarter of 2016 compared to the same period of 2015, oil fell by 21%, gas - by 15%, coal - by 3%. On the whole, the cost of energy will decrease by...
What's new at Auto China 2016 - 04/26/2016
The prestigious international auto show Auto China 2016 opened in Beijing. Among other major specialized forums, the exhibition is one of the most important for automakers, as the Chinese car market today is confidently ranked first in the world in terms of sales. The exhibition is held for the 14th time. The large event occupies a hall with area of 220 thousand sq.m, which is divided by 1.6...
10 most expensive cities for renters - 04/25/2016
According to new Global Cities Business Alliance’s report, the fastest growing cities of the world are not always available to its own residents. This non-profit organization, headquartered in London, has compared some of the largest business centers in the world to understand the scale of the crisis in the housing market worldwide. The analysts compared the average monthly cost of rental...
Mobile game developers from Hong Kong: popular but not rich - 04/22/2016
Hong Kong is a city of entrepreneurs. It is not surprising that a lot of games are developed there, and especially mobile. Back in 1999, fellow students from the University of Hong Kong Marti Wong Kwok-hung and Starsky Wong created the game Little Fighter 2. It had become so popular that the university servers could not coped with the influx of people wanting to download the app and. The game...
Cash era is coming to the end: Mobile payments are attracting increasingly more users - 04/20/2016
The study reported that, despite the high-tech companies’ loud statements on launches of new mobile payment services, cash still remains the main mean of payment. 65% of payments in shops of the British supermarket chain is made in cash. The study says that this proportion has not changed for the...
The EU is discussing tax and income disclosure - 04/15/2016
The European Commission has promulgated a set of measures that should tighten recommendations to provide a country-by-country reporting by multinational corporations. Recall that the recommendations had been already approved by the OECD countries and the G20. In particular, it is proposed to openly publish data on profits and taxes paid in every EU country, as well as in offshores and low tax...
'Chinization' of US Companies - 04/13/2016
The volume of Chinese investment in the US reached a record level last year. There was $ 15 billion injected in the American economy in spite of many politicians’ appeals to tighten control over the purchase of local assets by Chinese companies. According to forecasts, the volume of Chinese investment could grow by half in 2016 - to $ 30 billion. While the Chinese prefer to buy commodities in...
M&A era is gone - 04/12/2016
The era of multi-million dollar deals is coming to an end. The number of large transactions worth more than $ 5 billion in the first quarter of 2016 fell by 24% compared with the beginning of 2015. Partially, the deterrent effect also comes from the uncertainty in world markets, the slowdown of emerging economies, and the tightening of the rhetoric on the part of the antitrust and tax...
The world-highest skyscraper to be built in Dubai - 04/11/2016
Dubai real estate developer Emaar Properties unveiled plans to build a new skyscraper. The new building is intended to rise higher than the world-famous "Burj Khalifa", height of 829.8 meters. The newly announced skyscraper, according to the plans of the developer, will be built by 2020 World's Fair. At a presentation of the new project held on Sunday, chairman of Emaar Properties, Mohamed...
Luxury property in London goes for sale - 04/07/2016
London developers are finding it increasingly difficult to sell finished and under-construction residential real estate. The difficulties are cased by a sharp drop in demand from foreign luxury buyers. That is why companies engaged in building luxury real estate in the center of the British capital, are now offering discounts up to 20%. It is even possible to get a discount up to 30% in some...
