September 2018

Cryptocurrencies collapse was compared with IT-companies' bubble burst

September 13, 2018 - 09:55
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Cryptocurrencies collapse compared with IT-companies' bubble burst

On Wednesday virtual currencies reached another record low, Bloomberg reports. MVIS CryptoCompare Digital Assets 10 Index continued its slide and is already 80% lower that peak value in January. As a result, losses exceeded those of Nasdaq Composite Index after burst of dotcom bubble in 2000, which were 78%.

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New York bypassed London as the most attractive financial center

September 12, 2018 - 16:12
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New York bypassed London as the most attractive financial center

Results of survey published on Wednesday showed that New York bypassed London as the most attractive financial center, Reuters reports. Decision of the UK to leave European Union made banks to transfer jobs from the city to preserve access to single market of Europe.

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This year is disappointing for potato lovers

September 11, 2018 - 16:00
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This year is disappointing for potato lovers

This year is disappointing for potato lovers, Bloomberg reports. Record heat and lack of rains in Europe hurt crops, while prices in the UK tripled compared with last year. As a result, portion of French fries also became more expensive. Restaurant owners point out that they never saw such prices for potatoes at this time of year.

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Fears in regards to trade war put pressure: Market News

September 11, 2018 - 12:33
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Fears in regards to trade war put pressure: Market News

According Bloomberg, European shares fell together with American stocks after mixed session in Asia. Fears in regards to trade war between two largest economies in the world are growing. China is going to ask WTO for permission to impose trade sanctions on the US.

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All of the existing today problems in the business world influenced stock market in Hong Kong

September 11, 2018 - 11:41
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All of the existing today problems in the business world influenced stock market in Hong Kong

All of the existing today problems in the business world influenced stock market in Hong Kong, including technological sector decline, weakening of emerging markets, currency risk, threats to economy, Bloomberg reports.

Hang Seng index fell 1,3% on Monday. As a result, losses from peak value in January are almost 20% now.

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