Markets & Industries
JD Power: Quality of Korean cars is higher than German and Japanese - 06/21/2018
The American marketing research company JD Power has presented its latest research of quality of cars which are on sale in the USA. The first three places were occupied by Korean brands Genesis, Kia and Hyundai, leaving behind brands such as Porsche (the fourth place) and Ford (the fifth place). The European brands Jaguar, Land Rover and Volvo are at the bottom of the ranking. JD Power conducted...
Investors flee gold on Fed hikes - 06/19/2018
Total assets of funds investing in gold fell to a two-month low, approaching a level of 2,200 tons. The tightening of the monetary policy of the US Federal Reserve System (FRS) against the background of lower inflationary fears is forcing investors to cut investments in precious metal. As a result, the metal’s value returned to a minimum this year, being fixed below $ 1280 per troy ounce. The...
Study: Bitcoin price can be influenced - 06/15/2018
Professors of the Faculty of Finance at the University of Texas at Austin seem to have found the reason why Bitcoin’s cost nearly tripled last year. In their study, they argue that it is fault of the Tether crypto currency. Its owners used it to manipulate Bitcoin and other digital currencies. Developers of the Tether crypto currency claim that it is provided with fiat money. Now it turns out...
Switzerland votes down the “sovereign money” initiative. What does it mean for global banking? - 06/13/2018
The population of Switzerland rejected an initiative to provide the national bank of the country with a "full monopoly on money" at a national referendum. The idea of refusing fractional-reserve banking in the non-standard version gained only 24.3% of the supporters among the voters in the country. However, the referendum rather opens than closes this discussion. The rigidity of banking...
Moody's: Aerospace industry will rise up - 06/12/2018
Moody's agency issued another report on the state of the aerospace and defense industries, and gave a forecast for their development for the next 18 months. On average, the operating profit of companies related to these industries will grow by 7% by the end of 2019. Airbus and Boeing will be doing the best in the emerging market conditions. A bright future - at least in the coming years – is...
Beijing aims at South Pars - 06/11/2018
China may take possession of the world's largest gas field in Iran thanks to American sanctions against Iran and Total’s forthcoming leave. Tehran is ready to transfer the share of the French oil giant Total in the South Pars gas field to the Chinese partner. In July 2017, Total signed with Tehran an agreement worth $ 4.8 billion to develop the 11th phase of South Pars, the largest gas field on...
Strikes in Chile push copper prices to record high - 06/08/2018
A strike at one of the world's largest copper deposits resulted in a rapid rise in prices. In five days, they have risen by almost 7% and after a four-year break exceeded the level of $ 7.3 thousand per ton. However, metal prices still can also drop rapidly due to speculators playing in the case of a quick agreement between the controlling shareholder and the workers of the Chilean mines....
Possible end of OPEC+ drives oil prices lower - 06/06/2018
On Tuesday, the cost of European oil grades fell below $ 72 per barrel in the spot market after a six-month break. The commodity market is adversely affected by reports of a possible curtailment of the OPEC + deal to limit production at the request of Washington. If this happens, oil prices may return to below $ 70 per barrel in conditions of increasing production in the US, experts predict....
Portfolio investment flows accelerated in May - 06/06/2018
The outflow of portfolio investments from emerging markets has accelerated sharply in May to $ 12.3 billion from $ 0.3 billion in April, the Washington Institute of International Finance (IIF) calculated. The funds were flowing out of stocks and bonds in equal shares; this trend mainly affected the Asian countries (minus $ 8 billion) and the countries of Africa and the Middle East (minus $ 4.7...
10 main risks for the world economy - 06/05/2018
Despite the accelerating growth, the world economy has been facing the highest level of risk in recent decades, say experts from the Economist Intelligence Unit (EIU), an analytical division of The Economist. Protectionism, territorial disputes, terrorism, the growing number of cybercrimes and even the threat of nuclear war are the incomplete list of the geopolitical, financial and operational...
