US banks have taken top five lines in a list of the world's largest investment banks. This happened for the first time in six years after Deutsche Bank dropped to sixth place in the rating, writes the Financial Times. The rating, compiled by research firm Coalition, takes into account income from various activities. Once again, the leader is JPMorgan, despite a decline in revenue in the first...

In 2016, Bangkok pushed London away from first place in a ranking of the most popular tourist destinations according to MasterCard’s version. Data gathered by analysts of the company show that 21.5 million foreign tourists visited Bangkok this year. London’s figure was 19.9 million. According to a rating of the most popular destinations among tourists published by international payment system...

At the end of this year, prices for real estate in London will fall by 9%. The main reason for this is the uncertainty about Brexit and its consequences. At the same time, Savills previously forecasted growth of prices for luxury London property by 21.5% during the five years to 2020. After the Brexit refendum, the growth forecast was revised downwards to 3.2%. According to Savills analysts, in...

The Central Bank is allocating billions for Italy. However, these impressive sums are funneling abroad instead of helping the country become independent. Mario Draghi was rather indiscreet at the first press conference after the summer break. "Transfer of the monetary policy has never worked better than now," - declared President of the European Central Bank (ECB). In less than a week later,...

Traders with enhanced intuitive thinking earn more money and stay in the profession longer than others, according to a scientific study. According to Reuters news agency, the efficient market hypothesis (EMH) suggests that all market participants have equal access to historical data on market prices, public information and private information. Thus, none of the market participants has advantages...

Government of Japan intends to earn 392 billion yen ($ 3.8 billion) on sale initial public offering (IPO) of railway company Kyushu Railway Co. Thus, this placement could become the second largest this year, reports Bloomberg. The Japanese government said is an official statement that the Japan Railway Construction, Transport and Technology Agency y (JRTT), wholly owned by Kyushu Railway (JR...

The US dollar will most likely strengthen of all G10 currencies, said analysts of Societe Generale. Analysts at Societe Generale believe that the dollar is most likely to strengthen among all G10 currencies. The hypothesis is based on a fact that too small volume of the USA Federal Reserve System’s possible policy tightening is now incorporated in the foreign exchange market quotations....

British manufacturers have changed their investment plans after seeing results of the Brexit referendum. The scandalous voting has not become a problem, but still it may add doubts about the long-term economic outlook, reports Reuters. During the three summer months to August, industrial production in Britain has deteriorated due to lower volumes of domestic orders. This reverted a trend to...

Average daily volume of transactions in the global currency market in April 2016 amounted to $ 5.1 trillion, according to triennial study of Bank for International Settlements (BIS). This is less than $ 5.4 trillion in April 2013, that is, the global volume of trade exchange decreased for the first time since 2001. The rate increased by 34.9% from nearly $ 4 trillion in the previous period from...