According to the results of the November 8 meeting, the US Fed expectedly kept the key rate at the level of 2-2.25% per annum. Despite the October correction in the US stock market and fears of a slowdown in global growth, the regulator is still very optimistic about the state of the economy in the...

The growth rate of the world economy in 2018 will reach 3.3%, and in 2019 it will slow down to 2.9%, which will make it difficult for some countries to solve their macroeconomic problems, the report of the international rating agency Moody's says. "Moody's expects that the growth rate of the world...

In the fourth fiscal quarter of 2017-2018, Apple Inc. increased its net profit by 41%, revenue - by 20%. However, forecasts for the current quarter, which is usually Apple’s most profitable time due to the pre-Christmas sales peak, disappointed investors. At the same time, the existing results were...

Even while the trade war between the United States and China is escalating by the day, the China's yuan dropped to a historic low of 10 years against the dollar and is close to dropping past the politically sensitive level of seven yuan to a U.S. dollar.   At midday on Monday,  the yuan...

The Wall Street Journal reported, citing its own sources that Chinese oil companies China National Petroleum Corp. (CNPC) and China Petrochemical Corp. refused to supply oil from Iran in November. The same sources told the American newspaper that Kunlun Bank, which is owned by CNPC, has already...

According to a business survey conducted by the American Chamber of Commerce in South China, the intensifying trade war between the United States and China is forcing at least 70 per cent of US companies operational in South China to consider moving all some or all of their production to some other...

Two issues playing on the minds of investors in the global oil market – US sanctions on Iran and the possibility of US sanctions on Saudi Arabia, potential brought the price of oil during the week in line with a two week losing streak.   There was drop of 1.58 percent and 2.2 percent in the...

The budget crisis in Italy does not pose a danger to the European Union, but the euro zone is not sufficiently prepared for a new economic crisis, French Finance Minister Bruno Le Maire said in an interview with Le Parisien on Sunday. “We do not see any negative consequences [of the situation in...

The European Union has not yet found a country that would agree to become the jurisdiction of a special purpose vehicle (SPV), through which settlements with Iran will be made after the introduction of US sanctions against the country's energy sector in November, writes the Financial Times. Such an...