Iran refused compromise decision offered by OPEC in regards to small increase in oil output, Bloomberg reports.
Iranian Minister of oil thinks that parties will unlikely reach agreement during meeting of organization that will take place in Vienna at the end of this week.
General Electric lost it place in Dow Jones Industrial Average Index, Reuters informs. Company was included into “blue chips” index more than a century ago, when it was formed by Charles Dow in 1896. Now it will be replaced by drug store chain Walgreens Boots Alliance Inc.
As batteries are getting cheaper and governments of many countries actively support use of electric cars, they will soon consume a significant part of energy produced in the world, Bloomberg reports.
As Bloomberg informs with the reference to CEO of Norwegian Air Shuttle ASA, many companies are interested in buying airline. Two proposals from British Airways owner IAG have already been denied. Lufthansa AG is planning to submit offer as well.
As Bloomberg reports, investors today turned away from riskier assets and prefer safe haven investments as conflict between two largest economies in the world is rising. Shares dropped, while gold, Japanese yen and US treasuries grew.
Oil dropped below $66 a barrel today, while traders evaluate discussions of compromise in regards to output increase conducted between OPEC’s member, as well as growing tensions in trade relationships between the US and China, Bloomberg reports.
Size of personal wealth reached last year $201,9 trillion, Bloomberg reports with reference to Boston Consulting Group. It is 12% higher than in 2016 and the fastest pace in last five years.
US President Donald Trump threatens to impose 10% tariff on $200 billion Chinese import goods, Reuters reports. It makes China take retaliation measures and results in growing trade tensions between two largest economies in the world.
In our previous article “Risk Analysis: how important is it for your investment?” we talked about major risks that investor shall evaluate before making decision on investing in a certain asset or financial instrument. In this article we will consider some other risks and see how they can be evaluated.
Google invests $550 million into Chinese e-commerce platform JD.com, Reuters informs. This step is a part of American Internet giant's strategy to expand its presence at fast growing Asian market and will help bypassing such rivals as Amazon.com.
Rising tension in global trade makes leading international fund managers look for companies that will be the winners in this situation, Reuters reports.
World shares decline today as protectionism in relations between China and the US are growing, and political risks in Europe are stacking up. Oil continues dropping ahead OPEC meeting this week. WTI oil costs $64,45 a barrel today. Dollar and US Treasuries strengthen. Bloomberg Dollar Spot Index grew by 0,1%. US Treasuries yield is down to 2,90%.
