The US is about to introduce duties on imports from China, and so the Central Bank of China stopped holding the Chinese currency. Consequently, its value exceeded the threshold of ¥7 for $ 1 for the first time in 11 years. Washington states that this easing is in fact currency manipulation. Experts point out that earlier the Central Bank of China kept rather high yuan rate in order to continue...

The decline in the cryptocurrency market caused a drop in investor interest in ICOs. IEO, the initial exchange offering, may become its alternative in the coming years. Development of the cryptocurrency market and the general interest in the blockchain technology resulted in a new model of collective investment through the sale of tokens. This model, as an alternative to venture financing and...

On July 31, the US Federal Reserve System (Fed) reduced the key rate to 2–2.25% per annum. The decline in its level occurred for the first time since the end of the crisis of 2008. By this decision, the US Central Bank intends to support the US economy amid a slowdown in global growth and conflicts in world trade. However, the markets on Wednesday were more interested in the comments of the...

In June, the global car market fell by 6.4%. Results of six months were even worse as the sales fell by 6.6%. The world car market in June decreased by 6.4%, to 7 million 794 thousand cars and light commercial vehicles. In the first six months of 2019, sales of cars in the world amounted to 45 million 159 thousand units (-6.6%), calculated LMC Automotive. The annual level of sales cleared of...

The US readiness to impose duties on wine is associated with the "digital tax" adopted by France because of "foolishness" of President Macron, Head of the US White House said. US President Donald Trump threatened to introduce penalties on French wine imported into his country. This intention, announced on Trump’s Twitter on Friday, July 26, is associated with a new French “digital tax” that will...

Deterioration of the forecast for the European economy growth, further weakening of the industrial sector, low inflation and continuing tension in world trade are forcing the European Central Bank (ECB) to take the path of further easing of monetary policy. Reduction in the already negative deposit rate may occur as early as September; at the same time an announcement about the restart of the...

The total volume of current account imbalances in the world in 2018 hasn’t changed much and amounted to 3% of GDP, the International Monetary Fund (IMF) reported. The oil exporting countries, the rise in prices for this energy resource supported an increase in the surplus. In China, the surplus fell sharply, and so the country left the top ten oil exporters. The deficit in the United States,...

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...

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...