Member of the US House of Representatives Maxine Waters stated for the second time that Facebook should suspend development of its Libra digital currency so that US regulators have time to research the nature of the new chain. “They must stop immediately so that we can sort it out… We must protect our customers. We cannot allow them to just go to Switzerland along with their partners and start...

Number of foreign tourists visiting Australia reached 8.5 million in the 12 months to March 2019, while China remains the largest source of tourists, reports Xinhua news agency. The total number of tourists increased by 3% compared with the previous year. The amount they spent grew by 5% to 44.3 billion Australian dollars ($ 30.4 billion), showed data of Tourism Research Australia (TRA)....

At the end of the June meeting, the Bank of England has not changed the base interest rate, leaving it at 0.75%. In addition, the bank kept the volume of the program of purchasing government bonds at £435 billion ($ 553.3 billion) and the volume of purchases of corporate bonds at £10 billion. All decisions of the bank coincided with market expectations and were taken unanimously by all members...

The stock of cash in portfolios of international investors has been growing at a record pace over the past eight years. The share of cash reached 5.6%, and this is the maximum value since the fall of 2016. The increasing risks of a trade war between the United States and China are forcing investors to reduce investments in risky instruments. The released liquidity is transferred into debt...

Tyson Foods, the largest producer of meat products in the USA, is entering the market of vegetable protein that imitates meat. Currently, the products will be of mixed type: the hamburgers will be made from a mixture of Angus beef and pea protein. The products will be marketed under the brand Raised & Rooted. It is expected that this fall the products will appear on the shelves of two large...

Bitcoin rate on Sunday rose above $ 9000, which happened for the first time since May 2018. According to CoinDesk, price of the cryptocurrency on June 16 reached $ 9385. On Monday, Bitcoin is trading at $ 9141.17. Bitcoin has risen in price by more than 22% in the last 30 days and by 142% since the beginning of 2019, writes MarketWatch. However, the cryptocurrency’s rate is still significantly...

US sanctions against Venezuela resulted in additional drop in production by 35% since the beginning of the year, experts at the Washington Institute of International Finance estimated. Recall that in late January, the United States banned transfer of funds from the United States to the accounts of the main state-owned oil company Petroleos de Venezuela, Sociedad Anonima (PDVSA), effectively...

British pound sterling will fall in price to a minimum of 2 years in the event that the new British Prime Minister becomes a supporter of the hard Brexit, say analysts polled by Bloomberg. In May 2019, British Prime Minister Theresa May announced that she would leave the post of leader of the Conservative Party on June 7. Now the UK is getting ready to elect new Head of the Government. If the...

Head of the US Federal Reserve System (FRS), Jerome Powell, said that he was closely following the situation with the negotiations on trade issues, and made it clear that he has a possibility to intervene if the tensions begin to slow down the American economy. Investors immediately perceived it as the Fed's willingness to lower rates. In turn, economists at Bank of America Merrill Lynch believe...