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UBS raises S&P 500 forecast for the end of this year to 5900 points 07/22/2024

SEC approves spot ETFs on Ethereum 07/24/2024

Bosch to pay $8B for Johnson Controls divisions 07/24/2024

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Economics

Regulation On Financial Market Needs Strengthening For G20 Nations: German Spokesperson

The president of G20 seeks to safeguard “multilateral cooperation”. One of the spokesperson from the German government today said that it is a must that the government from the leading economies of the G20 nations ramp up their efforts towards strengthening the regulations of the financial market....

Looming Large in Obamacare Talks are Anthem and Blue Crosses

People in the U.S. mostly waited to sign up for Obamacare coverage until they were sick and this is the complain that Anthem Inc. and other U.S. health insurers have been complaining to the White House for more than a year. By tightening up on the enrolment rules, the Obama administration...

New Scottish independence referendum is a threat to pound sterling

Pound sterling fell against all the major currencies on reports that team of British Prime Minister Theresa May is preparing for a referendum on Scottish independence, Bloomberg reported. The pound fell by 0.6% after Times, citing unnamed sources in the government, said that May can agree on a new...

China to create its own digital currency

After organization of a special study group in 2014, People's Bank of China has made tentative steps towards the introduction of its own prototype cryptocurrency. Having its own analog of Bitcoin, the Chinese regulator will make yet another step closer to becoming the first central bank in the...

British retail sales recover in February yet retailers are still uneasy

Retail sales in the UK partially recovered in February after a sharp drop in January. However, companies in this sector are pessimistic about their prospects, since last year's vote for exit from the EU resulted in a sharp rise in inflation. Retail sales indicator, which is calculated by the...

Berlin and Beijing set out to defend free trade principles

China has become the largest trade partner of Germany for the first time in history. At the end of 2016 the Asian country unseated the US from the first space. The United States are now occupying the third place after France, which retained the second position. This was reported by Federal...

Will forecasts of French economic collapse come true?

National Front’s programme calls to leave the Eurozone and abandon the euro, as well as to return to national currency, the French franc, pegged to the euro. At that, the government is supposed to be able to conduct a competitive devaluation, which would facilitate orderly and smooth transition to...

Will Europe support RBS bailout terms?

British authorities’ plan to release Royal Bank of Scotland (RBS) from its obligation to sell more than 300 branches is at risk to meet tough opposition from the European Commission, before formal negotiations to leave the EU begin. European regulators first ordered RBS to sell its subsidiaries in...

Central Bank of Norway fears embezzlement of reserve funds

Around 50% of the Norway National Welfare Fund’s capital will be spent over next 10 years, said Head of Norway’s Central Bank Øystein Olsen. He expressed concern about rising costs of funds derived from oil revenues, and added that it is necessary to protect assets of the largest sovereign wealth...

TransCanada paves a new route

Energy company TransCanada has got a second chance and is asking to approve the pipeline’s route. The company is hinting that new US president, Donald Trump, wanted to get the project into shape and has already signed a decree to accelerate the process. The company wasted no time and without delay...