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...

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...

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...

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...

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...

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...

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,...

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...

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....