Tuesday, November 21, 2017

The economy of China is slowing down

Economic growth in China slowed in October, while the credit risk management campaign is gaining momentum, and the Communist Party signaled a less strict approach to achieving growth targets, Bloomberg reports. Industrial production in October rose by 6.2% in annual terms after an increase of...

Greece intends to raise its economy with the help of marijuana: Bloomberg

The Minister of Rural Development and Food of Greece Evangelos Apostolu said that the cultivation of medical marijuana can help the country restore the economy. This is reported by Bloomberg . He stressed that producers of such marijuana are going to put greenhouses in Greece...

HSBC agreed to pay $352 million to avoid trial in France for enabling tax fraud

HSBC Private Bank, a Swiss unit of banking giant HSBC, has agreed to pay 300 million euros ($352 million) to avoid going to trial in France for enabling tax fraud, prosecutors said Tuesday. HSBC was accused last year of helping French clients to hide at...

Crude oil inventories decline, but imbalance to continue: IEA

Production of crude rose by 100,000 barrels per day to a total of 97.5 million, the International Energy Agency said on Tuesday, as cited by VOP. The monthly report revealed a revision downward in the estimate for the increase in demand for this year and...

Price of Bitcoin will reach $10 thousand by the end of the year: expert

Digital currency prices are somewhat unstable, due to their interaction with changes in the global economy. For example, the price of the Bitcoin fell to almost double, when the Chinese government decided to stop trading in digital currency on Chinese stock exchanges. However, digital currencies...

World oil prices traded in different directions

In the course of electronic trading on the London and New York stock exchanges, world oil prices are not determined by the dynamics, this is evidenced by the data of the auctions. December futures for light crude oil brand WTI on the New York Mercantile...

OPEC raises forecast for world oil demand for 2017-2018

OPEC improved the forecast for oil demand in the world in 2017, increasing it by 74 thousand barrels per day compared to the October estimate, to 96.94 million barrels per day, the organization's report says in November. Compared to 2016, the growth rate will be...

Bitcoin collapsed by 30%

The bitcoin rate, which updated the historical maximum last Wednesday, fell by 10% over the weekend. The total drop in the most expensive crypto currency in less than a week was 29%. As reported by Bloomberg , on Monday morning, the bitcoine rate fell to...

Soros, Rockefeller asks not to reduce taxes for the super-rich

Trump is a 'would-be dictator,'
American billionaires George Soros and Stephen Rockefeller put their signatures under an open letter with a request not to reduce taxes on wealth in the US, reported the Chicago Tribune. The petition, signed by more than 400 super-rich Americans, was sent to the US Congress. According to...

Saudi Arabia raises oil exports 10,566 million barrels per day

Saudi Arabia, the Organization of Petroleum Exporting Countries (OPEC), said on Monday that it raised its exports last October to 10566 million barrels per day, according to CNBC. The kingdom confirmed last October that it had increased its crude oil exports by 83,000 barrels per...

‘War is a business’ — Fight against IS cost Iraq more than $100 billion: PM

The Islamic State (IS, ISIS/ISIL) occupation of Iraqi territories and the fight against the militants has cost Baghdad more than $100 billion, Prime Minister Haider al-Abadi said on Saturday, according to AFP. "The damage caused by the IS occupation of Iraqi cities already amounts to...

Oil is stable near a two-year high

Oil prices held steady below a two-year high on Monday, supported by production cuts by OPEC and other major producers. The price of global benchmark crude settled at $63.49 a barrel at $63.49 a barrel. On Tuesday, Brent hit its highest level since June 2015...

Iran removing dollar from international trade dealings

Iran has taken practical steps to exclude the dollar from its international trade dealings, focusing more on the euro, Iranian government spokesman Mohammad Baqir Nobkhat said on Tuesday. The Iranian news agency Fars, quoted Nobkhat as saying that Russia has taken measures to exclude the dollar,...

US signs trade agreements with Vietnam worth $12 billion

US and Vietnamese businesses signed agreements worth a total of 12 billion dollars today, on the sidelines of US President Donald Trump's visit to Hanoi. The agreements included two contracts in the aviation sector signed by Vietnam's two largest airlines, Vietnam Airlines and Fit Jet...

Three American billionaires richer than 50% of the US population

The state of the three richest Americans, according to the magazine Forbes, in aggregate exceeds the total state of the poorest half of the US population, or 160 million people, according to a report by the Washington Institute for Policy Studies. The leaders of the...

How financial problems affect your health

Strongest stress can cause financial problems for people, and even before the heart attack near. According to scientists from the European Society of Cardiology, the risk of this disease increases in this case by 13 times. At the annual congress of the South African Heart...

How the tension around Saudi Arabia affects the oil market

Tensions in Saudi Arabia will have only a short-term impact on oil prices, in the medium term they expect stable positive dynamics, told RIA Novosti partner, the head of the group for the provision of services to extractive industries Deloitte CIS Gennady Kamyshnikov. On Sunday,...

Putin about the risks in the global economy

IMF head Christine Lagarde prepared a "very interesting message" about the state of the world economy at the APEC summit, Russian President Vladimir Putin said, Russian RIA Novosti reports. According to him, Lagarde's report talks about a good forecast for the world economy in the...

US economy at a growth rate of close to 2%

Kit Juckes, Research Analyst at Societe Generale, explains that the US economy is trundling along at a growth rate of close to 2% per annum as the unemployment rate is falling, but wage growth is subdued, VOP reports. - Key quotes - The Fed is tightening,...

Over 200 people detained in Saudi Arabia over anti-corruption efforts

Saudi Arabia announced on Thursday that over 200 people have been detained and are currently being questioned amid unfolding anti-corruption efforts, the country's Information Ministry said. Out of 208 initially called in for questioning over an alleged graft and embezzlement estimated to be worth at...

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