Support of Yuan during the fall of stock indexes in China in January turned into the reduction in foreign reserves of the country by $ 99.5 billion to $ 3.23 trillion. It is the lowest level since May 2012 (according to the latest Chinese statistics data). Yuan is now at its five-year low (about 6.6 Yuan for $ 1). From the beginning of January, the Chinese currency has lost about 3% of the cost...

The price of a barrel is balancing in the region at $ 30, though quotes are occasionally falling sometimes, jumping up again later, as it was with the recent news about the possible reduction of production at 5% in all oil countries. Experts say that now everything depends on speculators, and final result will be based on the February talks of OPEC and other oil producers. US President Barack...

The global market for halal products and relevant to Muslim tradition services will grow to $ 2.6 trillion in 2020. The West is showing Interest in the sector: Nestlé has become a leader in the halal products production. The global market for halal food and Muslim services (excluding services of Islamic banking) will be growing by 6.5% per year in the coming years, and by 2020, its volume will...

The group of four countries: Brazil, Russia, India and China, or the union of BRIC (the contraction was introduced in November 2001 by the chief economist of Goldman Sachs Jim O'Neill), has been one of the main mechanisms of economic growth in emerging markets for more than ten years. However, the current recession in Brazilian and Russian economies does not leave any chances to consider the...

Researchers at CDP company (represents 767 institutional investors managing assets worth $ 92 trillion in total) published a procurement review of 75 major multinational companies (including Dell, PepsiCo and Walmart) for $ 2 trillion in terms of minimizing climate risks, and the impact on the climate and water resources. One of the analysts’ conclusions that is the main activity of companies...

The world's largest oil companies are asking oil tankers suppliers to deliver oil more slowly because of difficulties with unloading large amounts of oil in the ports of transshipment, Bloomberg reported citing Europe's largest owner of supertankers. For example, tankers with transport volume of 2 million barrels of oil go at a speed of about 24 km/h - 27.8 km/h, explains Paddy Rodgers - owner of...

The Fed has clearly hurried with tightening of monetary policy at the end of last year - in January, the financial markets got covered under problems. Now the Americans have to deal with the "super strong" dollar. What is happening from the beginning of 2016 on the global financial markets can be compared to a tsunami. The waves are spreading from China, and bringing down stocks, currencies and...

Italy coaxed the EU to create a "bad bank". Total debt of Italian banks exceeds 200 billion euros. For the first time since 2010, Rome has made a real breakthrough in solving this problem. For several years, the stumbling block was the EU rules prohibiting direct state aid to banks. Now, resourceful Italians figured out how to work around them delicately without irritating the European...

China's plans to reduce steel production capacity can lead to dismissal of 400 th. steelmakers and trigger social instability. Steel production will be reduced to 150 million tons. As a result of reduced steel production, 400 th. people will be laid off, said head of the Metallurgical Industrial Planning and Research Institute, Li Xinchuang. Above employees of steel companies, workers of mining...