Markets & Industries
Study finds reasons for low inflation - 06/04/2018
Economists and central banks are trying to find out why acceleration of large economies is not accompanied by an acceleration of inflation. There are different theories, such as globalization, development of Internet commerce, weaker influence of trade unions, and so on. This is a mystery, former US Federal Reserve Chairman Janet Yellen admitted. The solution may lie in changing the age structure...
Oil giants are turning to electric cars - 06/04/2018
Development of electric transport can become a serious threat to oil companies. Therefore, they have already begun to adapt to the coming changes. It follows from the recent report of the International Energy Agency (IEA) that the global number of electric vehicles has reached 3.7 million. So far this is negligible compared to the global fleet of vehicles, which accounts for more than 1 billion...
What is the role of the ECB in the fate of Italy? - 06/01/2018
The situation in global markets is gradually stabilizing, but Italy remains a point of tension. In the near future, the country can face very serious problems. Italy has practically lost support of its banking sector on the part of the regulator. The European Central Bank is gradually reducing the program of quantitative easing, and plans to complete it by the end of the year. This means that...
The US economy keeps growing amid concerns about trade problems - 05/31/2018
Economic activity in all 12 regions of the USA continued to grow at the end of April and May. The rates slightly changed compared to previous months. The only exception was the Dallas district, where the growth intensified to solid, according to the Federal Reserve’s review published on Wednesday. The color of the cover is beige, so the paper is called the Beige Book. The problems of foreign...
The euro is losing ground thanks to the Italian political crisis - 05/30/2018
The euro exchange rate in the world market has updated the eleven-month minimum, having fallen to a level of $ 1.15. The European currency has significantly lost positions against the background of the new political crisis in Italy, which could limit the ECB's ability to tighten monetary and credit policy in the near future. The European currency continues to lose its positions in the world...
JPMorgan: Asset management industry is ready for consolidation - 05/29/2018
JPMorgan has prepared a report, where it states that 32 largest companies that manage large-scale capital account for only 50 percent of the market. Analysts at JPMorgan say that in the next five years the financial market is expected to consolidate, most likely involving Swiss companies. According to the report of JPMorgan, the large capitals management is the most fragmented sector in the...
US authorities are looking for signs of illegal cryptocurrency trading - 05/25/2018
The US Department of Justice began a criminal investigation into cases of possible manipulation of the price of bitcoins and other major crypto-currencies. The Commodity Futures Trading Commission (CFTC) is also involved in the investigation. Among other things, it deals with the trade in crypto-currency derivatives. The authorities intend to check whether traders use illegal practices, such as...
Trump cancels summit with North Korea, gold jumps, dollar falls - 05/25/2018
The decision by US President Donald Trump to cancel the meeting with North Korean President Kim Jong-un scheduled for June provoked a rise in the value of gold on the world market. On Thursday, the metal quotes, after a week and a half break, soared above the level of $ 1,300 per troy ounce. However, in the absence of further escalation of tension in the US-DPRK relations, the price has a chance...
PayPal Vice President: Digital payments cannot compete with cash - 05/24/2018
Sri Shivananda, Chief Technology Officer of PayPal, believes that, despite the growing volume of digital payments, many market participants are facing serious competition with the cash. The top manager believes that payment companies need to work even harder on security and personal data protection in order to convince consumers to switch to digital payments more actively. "The main competitor is...
Indian aviation market will skyrocket by 2038, minister says - 05/21/2018
Indian Minister of State for Civil Aviation Minister Jayant Sinha is confident that by 2038 his country will be the second market in the world in terms of the number of passenger flights. By that time, airlines will carry out about 1 billion flights a year, which will allow the Indian market to bypass the United States. The growth rate of the local air market is indeed impressive. Over the past...
