The Strategist
Markets & Industries

UAE raises oil prices following Saudis - 01/11/2021

Abu Dhabi National Oil Company (ADNOC) is raising February oil prices following Saudi Arabia, Bloomberg reported. According to the agency, ADNOC set the February price for Murban crude at a premium of 75 cents, which is 25 cents more than in January. The agency earlier reported that Saudi oil and gas company Saudi Aramco raised February oil prices for Asian buyers. OPEC+, following its...

US and European indices go up despite turmoil in Washington - 01/08/2021

The Dow Jones index reached an all-time high of 31,193.4 points, up more than 2.6% since the unrest began in Washington. On January 6, the NASDAQ Composite index was down 0.6%, but rebounded 2.6% the next day to 13,038.25 points, also posting a new all-time high. On January 7, the leading European stock indexes added 0.3-0.9%, and gained 2.1-4% over the two days. The ongoing economic recovery...

JPMorgan forecasts Bitcoin to rise to $146,000 - 01/07/2021

In the long term, the price of bitcoin may exceed $146,000, analysts at JPMorgan forecast. According to them, the cryptocurrency will gradually displace gold as an "alternative" currency. In the long term bitcoin exchange rate may exceed $146,000 on the background of displacement of gold as a protective asset, according to strategists of JPMorgan Chase headed by Nikolaos Panigirtzoglou, quoted by...

WB expects global economy to grow by 4% provided large-scale vaccination is carried - 01/07/2021

If vaccination against the COVID-19 coronavirus is universally implemented, the global economy will grow by 4% this year, according to a report by the World Bank (WB). With a slow process of universal vaccination and an increase in new infections, experts allow global economic growth to be limited to 1.6 percent. "The global economy is expected to grow by 4% in 2021, assuming the initial...

Greek Finance Ministry launches early repayment of IMF debt - 12/30/2020

The Greek Ministry of Finance has begun early repayment procedures for about €3.6 billion of the loans which the country received from the International Monetary Fund (IMF). According to Finance Minister Christos Staikouras, "as part of the public debt management programme in 2021, the Greek Ministry of Finance has started the procedure for a new early repayment of around €3.6bn of the amount of...

FT: Banks earn record $ 125 billion in fees in 2020 - 12/30/2020

Banks earned a record $124.5bn in fees in 2020, thanks to increased volatility in the equity market and rising debt markets, reported the Financial Times (FT), citing data from researchers at Refinitiv. Jason Goldberg, an analyst at Barclays UK, says: "This year has been a very busy year for both bond and equity markets as companies have turned to the capital markets to strengthen their balance...

Analysts: Revenue of global video game industry surpasses cinema and sports - 12/24/2020

The COVID-19 coronavirus pandemic has spurred growth in the video games industry, allowing it to generate more revenue than the film and sports industries combined. Revenues in the global video games industry are expected to jump 20 percent year-over-year to $179.7 billion in 2020, according to IDC. At the same time, revenues for the global film industry reached $100bn for the first time in 2019,...

Investors spend $1B in total to buy small Amazon traders - 12/23/2020

According to the Financial Times (FT), seven European and US start-ups have raised a total of $950m since the start of the year to buy small companies trading on Amazon. According to analysts, sales of independent merchants on Amazon will amount to more than $200bn this year, with thousands of such sellers generating more than $1m a year in revenue.  This situation is attracting investors...

Iraq lowers oil exports in November - 12/21/2020

Iraqi oil exports declined in November compared to October, while revenues remained almost the same due to higher oil prices, according to data released by the Iraqi Oil Ministry. Oil exports averaged 2,876 million barrels per day in October and 2,613 million barrels per day - in September. "Iraq's oil export volume for November was 81,262,376 barrels," the Ministry of Oil said in a report....

US, EU investment banks to make a record profit on deals with Chinese securities - 12/18/2020

By the end of this year investment banks may receive record commissions for transactions with Chinese securities, writes Financial Times, referring to the data of analytical company Dealogic. According to the company’s calculations, since the beginning of the year such commissions of investment banks not based in China have already grown by 113% compared to last year and reached $ 1.73 billion....
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