Accelerating weakening of Chinese yuan supports growing fears that country’s policy makers are less willing to prevent further falling among economy slowdown and worsening relations with the US, Bloomberg reports.
US President critically evaluated plans of American motorcycles producer Harley-Davidson Inc to move production of bikes for EU customers outside of US, Reuters informs. In case if such plans are fulfilled, Donald Trump promised to impose additional taxes on the company and negative public judgment.
Global shares sell off continues under pressure of growing trade tensions between largest economies in the world. Safe haven investment, yen, rises. Oil price went up after US took further steps on Iran sanctions.
Financial Index of S&P 500 showed twelve days of decline on Tuesday, and this is the longest period on record, Bloomberg reports. In the beginning of this year many expected banking sector growth due to tax reform and interest rates hike. However, instead financials encountered higher pressure on behalf of flattening yield curve, declining customer confidence and US Fed annual stress test.
German companies are so desperate to find a qualified personnel that they are ready to give them longer holidays, shorter and more flexible working hours and other perks, Reuters reports. And this is taking into account that workers in this country already works less than in the rest of developed world.
In our previous article “Owing apartments in Austria: specifics and legal aspects” we looked at basic moments of Austrian law in regards to apartments ownership. In this article we will review additional ones.
UK house prices growth slowed down in June, Bloomberg reports. According to Nationwide Building Society evaluation, growth pace this month is the lowest in five years.
Market demand is restricted by weak economic activity and reduction in household budgets. No changes shall be expected on the market in nearest time, analytics think.
Chinese airlines ordered more than $100 billion airplanes from Boeing and Airbus during last ten years. However, it is getting more difficult to pay for them, since perspectives of trade war caused yuan drop to the lowest level in six months, Bloomberg reports.
Hong Kong is the most expensive city in the world for expatriates, Bloomberg reports with the reference to consulting firm Mercer.
Dollar strengthens, US Treasuries are stable and US futures are fluctuating, while investors are waiting for further developments in global trade conflict.
Producer of Jack Daniel’s Brown-Forman Corp. will have to raise price of American whisky sold to European Union after new 25% import tariff is implemented, Bloomberg reports. Price increase for customers will be about 10%.
Instagram application that belongs to Facebook Inc. has a value more than $100 billion, Bloomberg reports.
