Today, Brussels is hosting a large-scale walkout organized by national trade unions and Eurofer (European steel producers organization) in protest against Chinese steel dumping. Top managers of leading steel companies joined the members of steelmakers union. Today in Brussels, at the EU headquarters, the leading European trade unions together with Eurofer are carrying out a mass protest against...

Of all that could strangle Iranian oil exports, from geopolitical factors to diplomatic games, insurance - the most seemingly harmless phenomenon - really jeopardizes plans of both oil consumers and suppliers. Although the US and Eurozone removed the oil and financial sanctions against Iran in January, there are new challenges - now caused by bureaucracy in insurance companies that provide...

Despite the crisis, global M&A market has demonstrated excellent results in 2015, beating 2007’s record of 4.6 trillion dollars. According to MarketWatch, the total volume of mergers and acquisitions announced in 2015 around the world, exceeded five trillion dollars. Below are some of the largest transactions of 2015, which became known to the whole world. $ 160 billion Purchase of Botox...

Support of Yuan during the fall of stock indexes in China in January turned into the reduction in foreign reserves of the country by $ 99.5 billion to $ 3.23 trillion. It is the lowest level since May 2012 (according to the latest Chinese statistics data). Yuan is now at its five-year low (about 6.6 Yuan for $ 1). From the beginning of January, the Chinese currency has lost about 3% of the cost...

The price of a barrel is balancing in the region at $ 30, though quotes are occasionally falling sometimes, jumping up again later, as it was with the recent news about the possible reduction of production at 5% in all oil countries. Experts say that now everything depends on speculators, and final result will be based on the February talks of OPEC and other oil producers. US President Barack...

The global market for halal products and relevant to Muslim tradition services will grow to $ 2.6 trillion in 2020. The West is showing Interest in the sector: Nestlé has become a leader in the halal products production. The global market for halal food and Muslim services (excluding services of Islamic banking) will be growing by 6.5% per year in the coming years, and by 2020, its volume will...

The group of four countries: Brazil, Russia, India and China, or the union of BRIC (the contraction was introduced in November 2001 by the chief economist of Goldman Sachs Jim O'Neill), has been one of the main mechanisms of economic growth in emerging markets for more than ten years. However, the current recession in Brazilian and Russian economies does not leave any chances to consider the...

Researchers at CDP company (represents 767 institutional investors managing assets worth $ 92 trillion in total) published a procurement review of 75 major multinational companies (including Dell, PepsiCo and Walmart) for $ 2 trillion in terms of minimizing climate risks, and the impact on the climate and water resources. One of the analysts’ conclusions that is the main activity of companies...

The world's largest oil companies are asking oil tankers suppliers to deliver oil more slowly because of difficulties with unloading large amounts of oil in the ports of transshipment, Bloomberg reported citing Europe's largest owner of supertankers. For example, tankers with transport volume of 2 million barrels of oil go at a speed of about 24 km/h - 27.8 km/h, explains Paddy Rodgers - owner of...