As follows from the latest report of the International Energy Agency (IEA), the world oil market may face a supply deficit in the second quarter of this year if oil production in OPEC countries remains at the current level. The agency believes that the country, where oil production can show the steepest fall, is Venezuela. The second quarter of this year may bring a shortage of supply on the...

What is actually called a crypto currency in the Ripple system, who owns most of the tokens and whether you need them to use the network. Bitcoin has become one of the most profitable assets of 2017, but its shadow hides a whole bunch of various crypto-currencies. Many investors look at altcoins in order to diversify the portfolio or in search of higher yields. At that, Ripple grew even faster...

It turned out that the ascent of the dollar to the main currencies was short-term. Once there was a new portion of negative news for the US currency, the dollar immediately continued with a significant drop. The dollar fell by 0.6% to 105.45 to the yen, down to a 16-month low. Against the Swiss franc, the American currency lost 0.4%, falling to 0.9368 francs; the euro rose to 1.2420 dollars....

The growth rate of the world economy in 2018 and 2019 will accelerate to 3.9%, and this is the highest level since 2011, the Organization for Economic Cooperation and Development (OECD) expects. In 2017, this figure was 3.7%. The authors of the report believe that the main drivers of growth will be a tangible increase in investment and the recovery of trade volumes, although they note that a new...

The free trade agreement between the EU and London is not enough, German experts believe, calling for a customs union. However, Britain intends to pursue an independent economic policy, writes FAZ. In the case of a “hard” Brexit, EU and UK companies will face additional annual costs of at least EU 65 billion due to appearance of customs duties, with a majority of 35 billion accounting for the EU,...

Toyota's radical decision and current statistics from Germany and the UK confirm more and more obvious trends. Toyota stops producing passenger cars with diesel engines. The production will be curtailed this year, said Johan van Zyl, president of the European branch of this Japanese corporation, at the Geneva-hosted international motor show. There, the head of Fiat Chrysler Sergio Marchionne...

It was expected that the Iranian oil industry would be sharply restored after the conclusion of an agreement between Iran and Western countries regarding the nuclear energy program. However, in reality, the position of the oil sector of one of the world's leading oil-producing countries is by no means cloudless, according to The Wall Street Journal. International oil companies are slow to invest...

Emerging markets have recently shown good growth. However, the increase in risks in world trade and economic uncertainty worries investors. Thus, the promise of US President Donald Trump to impose duties on the import of steel and aluminum contributed to a decline in the MSCI Emerging Markets index (by 2.8%) and weakened currencies of developing countries. Many of these countries depend on the...

The State of Fashion 2018 report by McKinsey and BoF says that in 2017, the global fashion industry was showing signs of recovery thanks to efforts of major companies. Although general economic uncertainty persists, the main expectation of the market until 2021 is organic growth. The market is embracing technological innovations, but in general, the fashion industry still very narrowly...