Negotiations on Brexit are yet to be started, and Brussels is already preparing to live in a new reality, in which the City of London will be outside the EU. On Tuesday, the European Commission described its plans for the London Eurobond clearing market, which causes envy on the continent. Brussels wants to give EU regulators the authority to check foreign clearing houses. Those of them whose...

Head of the Central Bank of Germany Jens Weidmann said that widespread of digital currencies poses a threat to the banking system, and the authorities need to think how to "reduce citizens' interest in digital currencies". In his speech at Frontiers in Central Banking - Past, Present and Future forum in Frankfurt am Main, President of the Bundesbank told that new technologies may harm the banking...

Housing sales in China increased in May compared with the previous month, despite the recent introduction of stringent restrictive measures. In May, housing sales increased by 12.6% in monetary terms compared to the same period of the previous year, The Wall Street Journal reports basing on data published on Wednesday by the National Bureau of Statistics. In January-May, housing sales increased...

The world energy market is undergoing changes, said CEO of BP Robert Dudley during presentation of BP’s 66th edition of a statistical review of the world energy sector. "World energy markets are undergoing change. Long-term trends that can be traced in the presented data indicate changes in the structure of supply and demand as the world solves the problem of supply the necessary energy resources...

The international consulting company PricewaterhouseCoopers (PwC) has released another "Global entertainment and media outlook 2017-2021". The researchers believe that the industry’s participants, many of which have focused on issues of content, distribution and digitization until now, now should get used to the new reality and focus on interaction with their users and content consumers. PwC’s...

The House of Representatives of the US Congress passed a bill to repeal the Dodd-Frank Act, voting on the party line to ease regulation, which, according to most Republicans, harms lending and small banks. The bill was passed by the Chamber with 233 votes "for" and 186 votes "against", one Republican voted against this measure. The document, called the Financial Choice Act, presents banks with...

China reported stronger-than-expected exports and imports in May, despite a fall in commodity prices. Overall, this means that the PRC economy is performing better than expected, despite rising lending rates and slump in the real estate market. Investors’ concerns over China became apparent after Moody's Investors Service downgraded the country’s credit rating last month, saying it expects that...

Reports of the death of deep-sea drilling at an oil price below $ 100 may have been greatly exaggerated - to the dismay of OPEC. Oil production at the bottom of the sea is becoming cheaper, as manufacturers optimize operations and prefer drilling at key wells, notes Wood Mackenzie Ltd. This means that by next year, oil at $ 50 per barrel can support a number of these projects compared to an...

Branding agency Landor presented a forecast of global changes in business for the next five years. For many companies, these transformations can be catastrophic. The researchers believe that in the next five years, companies will undergo much more changes than in the previous 15 years. At that, the new consumption will determine their future. The development of technologies and digital media...