World prices for luxury goods will be equalized across countries due to rising demand from the middle class, unprecedented price transparency and the Chinese government's desire to increase tax revenues. This is the conclusion of Exane BNP Paribas’ analysts, who composed a joint study with Deloitte. The price alignment will serve as a deterrent to the growth in revenues and margins. In addition,...

There is not much time left before the world's largest exhibition in the gaming industry, which will be held in Los Angeles. E3 starts its work next week on Tuesday, June 14, which means that we are waiting for another dive into the world of new products in the virtual entertainment industry. How has it changed in recent years? E3 has been held since 2006. It has always been a bright, spectacular...

European companies are getting increasingly disappointed in prospects of doing business in China. The worsening business climate in the country continues to affect mood of foreigners. About 31% of European companies are pessimistic about the future profits from China, according to a survey presented in a joint report by consulting company Roland Berger Strategy Consultants and the European Union...

In its new report, the International Energy Agency (IEA) says that number of electric vehicles reached 1.26 million throughout the world in 2015. Currently, there are 400 thousand EVs in the US, which is a sharp rise compared to 2010. However, this is much less than indicated by President Obama's target of 1 million electric cars by 2015. Meanwhile, China has become the largest sales market for...

State Oil Company of Saudi Arabia, Saudi Aramco raised its selling prices for almost all varieties of petroleum supplied to Asian countries and the USA. 80%-growth of oil prices since the beginning of the year hinted Riyadh that it will remain the largest exporter in the world, even by raising the raw materials prices. Saudi Aramco raised the price for almost all of its oil varieties delivered to...

June 2, US Consumer Financial Protection Bureau (CFPB) will unveil its proposals for regulation of the microfinance industry. Its suggestions will not affect interest rate (the Dodd-Frank Act prohibits such restrictions). However, the regulator is likely to introduce new and more stringent rules, which may lead closing of a considerable part of the sector. Approximately 12 million Americans take...

At the end of 2015, investments in alternative energy and introduction of new generating capacity throughout the world reached a new record. Experts note that the interest in alternative energy has not decreased, even against the background of the fallen oil prices. One-third of the world's investment in alternative energy sources has come from China. ‘Renewables 2016 Global Status Report’ was...

South-American company LATAM Airlines became another air carrier, stopped flying to Venezuela because of the difficult economic situation in the country. «LATAM Airlines suspends indefinitely its activities in the airport of Caracas", - said the carrier in a statement.  For years, international airlines have fought for conversion of their income from the Venezuelan bolivar into a strong...

The large-scale privatization, planned by Saudi authorities, is already making the country the most promising direction for investment banks in the developing markets. This opinion was expressed by a Citigroup’s expert. Head of investment banking division of Citigroup bank in the Middle East Omar Iqtidar told to Bloomberg that the transformation plan of the Saudi economy and its move away from...