North American International Auto Show opens its doors on Monday, January 11, 2016. A high guest of the exhibition will be US President Barack Obama, visiting the show for the first time. While some luxury manufacturers are going to ignore the Detroit auto show, the viewers will find a lot of interesting premiers from Mercedes, Ford and BMW. Swedish Volvo introduces the world's first car with a...

On the first days of the New Year, key US indexes marked a record fall. George Soros has warned that repetition of the 2008 world economic crisis is around the corner. The US stock market collapsed. One of the key US indexes - Dow Jones, reflects state of the country's industry, fell by five per cent - more than 900 points - from 4 to 8 January. CNN, citing data from FactSet, says that this...

As a barometer of the global economy, the market of commodity paints a pretty grim picture. Slowing economic growth in China and investment-driven supplies during the commodity boom in the aughts reduced prices to multi-year lows. Hardly we can expect recovery in prices to highs of last hundred years. A number of major asset classes could even reach the bottom, as experts predict a slight...

2015 brought a lot of unexpected events, most of which, unfortunately, led to destabilization in the world order. The oil and gas sector was one to be hurt the most. It all began at the end of 2014, when the OPEC reduced quotas, contrary to expectations. 2016 holds in stock a few more surprises. What unexpected events can occur in the energy sector in 2016? №1 Less than $ 30 per barrel at the...

In the run-up to lifting the sanctions against Iran, several US corporate giants, including oil division of General Electric Inc., HP etc., are actively exploring possibility of entering the country’s market. American companies, in addition to food manufacturers, aircraft parts and suppliers of medical goods, still cannot make direct transactions with Iran. However last week, one of the senators...

OPEC predicts that by 2030, the nominal price of a barrel of OPEC oil will be close to $ 123, and exceed $ 160 by 2040. However, in-equivalent to dollars’ value in 2014, cost of a barrel will be about $ 95 in 2040. In the medium term, cost of a barrel of oil from the so-called OPEC basket will increase by about $ 5 per year, so that by its nominal price will have risen to $ 80 by 2020, according...

Private pension systems are becoming increasingly popular in OECD countries as system of state pensions is reducing, according to "Pensions at a Glance" report. Participation in private pension programs is currently mandatory in more than half of the organization - the total volume of assets in private pension funds in OECD countries is $ 24.8 trillion. According to authors of "Pensions at a...

On Friday, the last coal mine in England stopped work. London refused to subsidize miners because of falling demand for coal. In 2014, Britain produced 12 million tons of coal, which is 25 times less than a hundred years ago. Friday, December 18 was the last working day of the mine Kellingley in the English county of North York. No working deep coal mines remains after its closure in the UK....

Observations on consumers’ activity during holiday sales from Thanksgiving to Christmas showed that Americans are willing to spend an average of $ 630 on purchase gifts and holiday merchandise. The total sum numbers $ 140 billion. Once again, Super Saturday - latest before Christmas - brings particularly significant contribution to the sales. Traditional holiday sales season, which usually opens...