Oil can show the biggest weekly slump since July, Bloomberg reports. The reason is in rising risk of contagion due to emerging markets crisis. Growing inventories in central storage of US are also putting downside pressure on prices.
The largest coffee chain in the world Starbucks will open premium roaster and café in Milan on Friday, Reuters reports. Now it has to convince Italians to pay more for their every-day espresso.
This is the first exit of coffee giant to Italian market, which takes fourth place in the world in regards to coffee consumption.
Tesla’s stocks and bonds fell on Wednesday after another tweets of Elon Musk and a day after Mercedes presented competitive threat to US electric car maker, Reuters reports.
As Bloomberg reports today, European and American shares gained, as concerns that crisis of emerging markets will spell into developed economies are fading.
Japanese yen gained 0,2% to 111,35 per dollar. US dollar is steady. Euro lost less than 0,05% and costs $1,1629. Turkish lira gained 0,5% to 6,5702 per dollar.
New York gave the first place to Hong Kong in regard to number of ultra-rich people living in the city, Bloomberg reports.
Falling of emerging markets continues for too long, Bloomberg writes. It is 222 days for stocks, 155 days for currencies and 240 days for government bonds.
Swiss economy does not suffer from global trade war so far, and growth pace this year exceeds forecasts, Bloomberg reports.
Economic growth was 0,7% in the second quarter instead of expected 0,5%. Growth pace in the first quarter was revised up to 1%.
Not many people know about this small country located in the center of Europe, which is also a large financial center. But not only this…
Largest digital currency in the world fell on Wednesday after news that Goldman Sachs cancelled its short-term plans to organize a cryptocurrency trading desk, Bloomberg reports.
Bitcoin lost more than 3% in just 10 minutes. Litecoin, Ethereum and Ripple followed after it. Ethereum dropped 12%.
According to Bloomberg, American shares are falling today together with European equities and after general selloff on Asian markets, as investors do not see any ease of trade tension.
Dollar has been growing five trading sessions in a row. Today Bloomberg Dollar Spot Index gained 0,1%.
Actions aimed at fighting climate changes may add at least $26 trillion to the world economy by 2030, Reuters reports with the reference to research of Global Commission on Economy and Climate.
Research is aimed to dispel fears that transfer from fossil fuel will limit global growth.
On Tuesday Amazon.com Inc briefly reached $1 trillion level and became second largest US publicly listed company, whose shares cost so much, Reuters reports.
Amazon’s shares more than doubled during a year and grew by 74,5%. Yesterday they reached level $2050,50 before closed at $2039,51.
