The ECB management confirmed its intention to keep key rates unchanged at least until the end of the summer of 2019. Redemption of bonds under the quantitative easing program is scheduled for completion by the end of 2018. The European Central Bank (ECB) has confirmed its intention to complete by the end of this year a controversial bond buyback, which is used to maintain an optimal level of...

Protective duties imposed by the United States already cover 12% of imports to this country, reciprocal measures - 8% of its exports. The negative consequences of tariff increases will affect not only countries against which restrictions were imposed, warns the international insurance group Coface. Protectionism also affects intermediate goods, the main component of modern value chains. According...

If in 2017 you invested money in the initial placement of coins (ICO) - a crowdfunding tool for businesses related to cryptocurrency business - it is likely that you lost most of your investment, according to a study by the British audit and consulting company Ernst & Young. On October 19, Ernst & Young published a report on the dynamics of prices for tokens released within ICO in 2017....

Import duties on steel, introduced by US President Donald Trump, have increased spending of American companies on the metal to the record highs, says Ford Motor Co. “Steel in the United States is more expensive than anywhere else in the world,” said Ford Global Operations President Joseph Hinrichs at an event on Monday. According to the top manager, the automaker is discussing this issue with...

More than 80 million passenger cars were produced in the world in 2017. Below we describe five countries which produce the most cars. 1. China Vehicles manufactured in 2017: 23,554,031 Automobile production in China grew, but only slightly - by only 4.4%, in 2017. In general, production reached 23.6 million vehicles. Nevertheless, China remains leader in the production of passenger cars in...

Everyone has become accustomed to the fact that fashionable clothes of leading European brands are made in Asia - mainly in China, as well as in Bangladesh, Vietnam, Myanmar and other countries with cheap labor. The main production facilities of the textile and clothing industry, which had been forming foundations of the European economy for centuries, moved there by the end of the 20th century....

European banks poorly comply with anti-laundering requirements, which could lead to a new wave of large fines and downgrades of credit institutions, as it was in 2010–2012, says a recent review by the international rating agency Standard & Poor's “Déjà Vu All Over Again: Money-Laundering And Sanctions Woes Continue To Haunt Europe's Banks”. At the same time, the agency says that there’s a...

Analysts of the Danish Saxo Bank expect increased uncertainty in the currency and commodity markets in their macro forecast for the fourth quarter of the year, especially because of the increasing interference of politicians in the market processes. Nevertheless, the experts are waiting for a quick slowdown in the growth of the American currency and hope that the EU will be able to cope with the...

Transformation of the world monetary system calls into question the hegemony of the American dollar, which has lasted for decades. Can gold protect investors from shocks associated with de-dollarization? A thesis that the global monetary system is ripe for conversion into a multi-currency one sounds increasingly often nowadays. Some countries are preparing to move from discussions to practical...