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US to increase shale oil production in September
Extract of shale oil in major oil and gas producing regions of the country is forecast to climb by 85 thousand barrels, up to 8.768 million barrels per day...
RUB still vulnerable to twists in oil market
The Russian ruble is not viewed by experts as the weakest currency Moreover, the ruble occasionally wins the title of the most promising and the most undervalued currency. Indeed, this...
Trade disputes scuttle global economy
According to estimates by the German Institute for Economic Research (IFO), the escalating trade dispute between the US and China is too destructive to the global economy. This situation gives...
Countries inside UK may treat post-Brexit union as burden
Newly elected British Prime Minister Boris Johnson advocates for a hard Brexit without a trade deal with the Interestingly, the euroskeptic policymaker is actually paving the way for splitting...
World's wealthiest people lose over $1 bln due to Trump's tweet
There is no doubt that US President Donald Trump is the world's most famous social network user. The activity in Twitter that he has been keeping since his election...
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Norwegian krone significantly weakened
The Norwegian krone does not often hit the headlines in financial news.The currency is usually stable. If the krone was in the news, then something extraordinary had happened. A flash...
US stock indices plunge as Trump renews attack on China
The action of American President Donald Trump has striken both China and the United States. Another round of tariffs on the remaining Chinese imports is likely to lead to damaging...
US-China trade war seems to never end
There is little hope that the US-China trade war will end up soon. Despite positive sentiment, a new wave of conflict did not surprise market participants. American President Donald Trump...
Fed to pursue dovish policy or go with one rate cut?
The Fed’s interest rate cut, first in ten years, was a widely expected decision. The stock market did not react strongly to the news since this information had been taken...
China reduces gold production by 7%
According to the China Gold Association (CGA), total gold production in the country lowered by 7% to 234.95 tons. It is less than in the same period of 2018, analysts...