It is just one day before inauguration of Donald Trump. The closer the day of his inauguration, the more scandals are emerging around the US president-elect: a lawsuit, a boycott by the congressmen, diplomatic complaints from Beijing and protests in Washington. According to American intelligence services, inauguration of the 45th US president will be visited up to 900 thousand people, which is...

The Australian Government has placed 9.3 billion Australian dollars ($ 7 billion) of bonds with maturity in December 2021. This issue of bonds is the largest in the country’s history. According to Bloomberg, demand among investors for Australian bonds was high, in spite of doubts about the country’s higher credit rating and the government's ability to cope with the budget deficit. Forecast of...

Another 47th World Economic Forum is held 17 to 20 January in Davos, Switzerland. The 2017 theme is "Responsive and responsible leadership" and, as expected, will bring together a record number of participants, that is, about three thousand representatives of government, business, international organizations and civil society. The forum, which is taking place in the course of about 400 sessions,...

Italian energy company Enel SpA intends to expand into renewable energy in Saudi Arabia. "We will wait for the first tenders in Saudi Arabia," - said the company’s CEO Francesco Starace. The company is banking on Saudi Arabia’s interest to renewable energy in connection with lower costs of building solar power plants infrastructure and generation of electricity from solar energy. "They (the...

Asia is quaveringly waiting for inauguration of US President Trump. He proclaimed about-face, which, to displeasure of the Japanese, could increase China’s influence. Now, representatives of various industries are meeting at information events across the country. During these collective workshops they are coming to tricky topics such as customs and classification of producer countries. ...

General Director of the London Stock Exchange (LSE) Xavier Rolet said that British financial sector could lose about 232 thousand jobs due to Brexit. In addition, Head of the LSE fears that the country's exit from the EU could lead to even greater instability in the financial markets. At today's meeting of the committee of the British Parliament on the financial markets, Xavier Rolet of the LSE...

Members of the Democratic minority in the US Congress is encouraging establishment of an independent commission to investigate "Russian interference in the elections in the United States". The politicians are proposing to take a fact-finding committee on the 9/11 terrorist attacks as a model. Representatives of the Republican majority has not yet spoken in favor of this step, so prospects of...

In 2017, the IMF will assess a number of financial systems of various sizes, such as China and Japan (large), Spain and Turkey (average), or Guyana and Zambia (small). Financial Sector Assessment Program is the IMF's main instrument for assessment of a country's financial stability. This program helps to identify weaknesses in a state financial system, which might endanger its stability. Besides,...

Next year, the US and China could start a trade war, and Beijing might win, says James Wang, a City University of Hong Kong professor in his monthly comments for Pine River China Fund. "Alignment of forces in the world is now much more uncertain than at the beginning of the twentieth century. Players such as China and India created a new political centers of gravity. While economic and political...