The strategy of the OPEC and Saudi Arabia to keep production levels, apparently, gives its fruits. However, the cost of such solutions can be very high even for the OPEC. In November 2014, the market was waiting for the response on the traditional OPEC price drop, but the cartel decided to act quite differently. At the same time, when everyone thought that the market has all the prerequisites...

Coal industry of America has entered into uncharted territory. After decades of non-financial indicators and dominance in the electricity sector, coal mining companies are on the verge of collapse. And it happened faster than anyone could have expected. The second quarter clearly showed that the deterioration of financial performance is going too fast, particularly, it deteriorated in the last...

Double shock, caused by the massacre in Tunisia and the financial crisis in Greece, sent tourism industry’s stocks into a tailspin. Nevertheless, in recent years, this industry has shown ability to easily adapt to the new conditions of work more easily and even takes a stock of vitality. Most likely, it will recover fairly quickly. This would be good news for shareholders, but at the time, we...

Ever since the Federal Reserve suggested that it could up interest rates in September, the USD has seen great heights. Question is - will the bull run take it to its historic high? With an official of the Federal Reserve suggesting that U.S interest rates could go up, as early as September, the dollar got an additional boost and was seen hovering at levels which are its five-week high versus the...

The opening up of the Iranian economy presents a great business opportunity for a wide variety of business concerns. With the thawing of U.S Iran relationship, investors are racing to invest funds into Iran, which so far was out of bounds. Last week’s nuclear deal made this possible. MNCs are naturally trying to get a foothold in the $400 billion economy.   Although there are some who are...

The first since 2009 disclosure of gold reserves in China turned into a big sale of the precious metal. On Friday, the gold price fell to the lowest since 2010, and has been reduced by 2.2% by today. With the opening, the prices fell even more - nearly 5%, platinum prices also showed a strong collapse, losing in an instance about 5%. Published on Friday, data on gold reserves occurred to be below...

Saudi Arabia continues a price war for market share - only this time, the market of diesel fuel was struck by the blow. The Kingdom has long been the world's largest supplier of crude oil, but now it decided to increase the supply of diesel fuel. In itself, this means the beginning of a new price war with competitors in Asia. Saudi Arabia is the largest consumer of gasoline in the Middle East,...

The global CB’s actions could trigger a new crisis, according to CEO of GAM Holding Alexander Friedman. As he notes in his article on the Project Syndicate, unprecedented measures, taken by central banks to stimulate the economy, will eventually become the cause of the global crisis. In his book that won the Pulitzer Prize, the economist Liaqvat Ahamed tells the story of how four central...

The project to create a European data bank of the on passenger air transport lays on strict requirements for the storage and transfer of information to third countries. The European Parliament's Civil Liberties Committee approved on Wednesday the project of creation of data bank on air passenger transportation (Passenger Name Records, PNR) in the EU, access to which will be open to national...