Even Brexit could not reduce attractiveness of investments into commercial real estate of London, Bloomberg reports. It regained status of most favorable location for foreign investors.
Last week euro fell to the lowest level in 14 months. After positive start of the year, common currency was under pressure of strong dollar and then of crisis in Italy and Turkey, Bloomberg reports.
Natural gas prices in Europe grew to the highest level for this time of year, Bloomberg reports. This resulted in higher electricity costs for factories and utilities.
US and China imposed new tariffs on goods from both countries, Bloomberg reports. It happened in the middle of negotiations aimed to ease growing trade tension.
Taxes will be applied to import valued $16 billion from each country. Besides, China filed a complaint to WTO in regards to American tariffs.
According to the poll conducted by Reuters, euro area will show stable but modest level of economic growth this and next year. It will also slowdown compared with 2017, which, as surveyed economists think, will happen due to threat of global trade war.
Xiaomi Corp. raised significant amount of money during its IPO, promising investors to become fast-growing Internet-company. However, now some investors start losing faith.
Producer of budget smartphones based in Beijing lost 19% compared with peak level that its shares reached after IPO.
Hot and dry summer resulted in depletion of wheat reserves in many producing countries to the lowest level since 2007-2008, Reuters reports.
According to Bloomberg, US futures are falling today, while stocks in Asia and Europe show mixed picture.
S&P 500 lost 0,2% so far. Stoxx Europe 600 Index declined by less than 0,05%. British FTSE gained 0,1%. MSCI Index for Emerging Markets grew by 0,3%.
UK will most likely leave doors open to banks and investors from European Union to protect position of London as global financial center, Reuters reports. It will happen even if the country is not able to reach acceptable trade agreement with the bloc, experts think.
Two US airlines are cutting flights between the US and China, Reuters reports. The reason is in growing competition on behalf of Chinese airlines supported by state, aggressively expanding fleet and reducing prices.
After purchasing two financial institutions in Switzerland and Austria, Liechtensteinische Landesbank AG (LLB), the largest listed bank of Liechtenstein, is not over yet, Bloomberg reports.
BHP Billiton Ltd. is going to raise oil output and fasten implementation of new projects after it spends some part of its high profits on reduction of debt and payment of dividends to investors, Bloomberg reports.
