The Strategist
Markets & Industries

Why don't banks and watchdogs like Facebook's Libra? - 07/22/2019

Facebook's plans to launch its own cryptocurrency called Libra faced serious resistance from the US administration and watchdogs. Washington is concerned that the new means of payment can be used for carrying out illegal operations such as money laundering, human trafficking and financing of terrorism. It is not the first time that such concerns have been expressed. In mid-July, US Treasury...

IMF: The US dollar is significantly overvalued - 07/18/2019

Taking into account the main economic indicators, the USD exchange rate is overestimated by 6-12 percent. At the same time, the rates of euro, yen and yuan are at an acceptable level, experts of the IMF believe. The International Monetary Fund (IMF) has concluded that the current exchange rate of the US dollar is significantly overvalued. Taking into account the main short-term economic...

Study: Nearly half of the world uses social media networks - 07/18/2019

Population of the Earth is over 7.7 billion people, of which 4.3 billion use the Internet. 3.5 billion are active users of social networks, which is 0.5 billion more than in 2017, states a report of Global Digital Statshot research company. As of July 2019, 46% of the world's population used social platforms, which is an increase of 7.8% compared to last year. Facebook remains the most popular...

Analysts: China is the world's largest shadow lender - 07/15/2019

Against the background of China's dominance in world trade, the country's growing role in global financial flows remains in the shadow. In spite of this, Chinese capital exports worldwide have reached record levels in recent decades, according to a group of economists from Harvard, the University of Munich and the Kiel Institute for the World Economy. Half of the debts are not counted in the...

OPEC downgrades oil production forecast - 07/12/2019

OPEC lowered the forecast for non-cartel production growth for the current year by 95 thousand barrels per day (bpd) to 2.05 million bpd. As a result, the average volume of these shipments in the current year will amount to 64.43 million bpd. The decline can be explained by extension of the OPEC + transaction for nine months. Recall, OPEC and its allies explained the decision taken last week by...

European Commission downgrades growth forecasts for the euro area - 07/11/2019

High level of political uncertainty and slow world trade are key risks for growth of the euro area economies, follows from the updated forecast of the European Commission. These factors have already resulted in a decline in exports and deteriorated industrial business activity, primarily in Germany. As a result, this year the GDP of the area will increase by only 1.2%, and will grow by 1.4% in...

ECB is ready to introduce additional incentives - 07/02/2019

The European Central Bank is ready to adjust all its tools to increase inflation, but it also needs to explore a number of deeper problems that can change the course of its policies, said Olli Rehn, member of the Board of Governors of the ECB and Head of the Bank of Finland. “The Board of Governors is ready to adjust all its instruments accordingly so that inflation continues to steadily approach...

Here's how Vietnam is making profit out of US-China trade war - 07/02/2019

Vietnam's economy is growing rapidly this year. The country benefits from the trade war between the United States and China, as some companies are moving their production in there. However, Vietnam’s exports are also increasing due to scammers trying to circumvent American sanctions on the import of Chinese goods, and Washington doesn’t like it. Vietnam's GDP in the II quarter grew by 6.71% in...

Japan tightens restrictions on high-tech materials export to South Korea - 07/01/2019

Bilateral relations between Tokyo and Seoul have deteriorated against the backdrop of South Korea’s claims for compensation for forced labor in the country during Japan’s colonization of the Korean Peninsula in 1910-1945. The Ministry of Economy, Trade and Industry of Japan stated that for...

Gold hits six-year high in anticipation of G20 summit - 06/28/2019

Total assets of exchange-traded funds focused on investing in the precious metal came close to the level of 2.3 thousand tons, updating the six-year maximum. The plans of the US Federal Reserve System (Fed) to return to the rate reduction cycle, as well as an increase in geopolitical tensions in the Middle East, are forcing investors to acquire gold in bulk. However, such investments may turn out...
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