Business, Financial & Forex news


The week ended with a rise in price of aluminum

Since the beginning of the year, aluminum has increased by 29.47%, surpassing gold, silver and oil

Aluminum broke into the forefront of the rise in price: at the end of the week, this metal, having grown 2.05%, began to cost 29.47% more expensive than at the beginning of this year. Its price is 2191 dollars per ton. This metal has risen in price more than gold and silver – they have increased in price by 10.66% and 2.76% respectively since the beginning of the year. Oil quotes also look modest against aluminum: the barrel of oil WTI has risen in price by 8.58% (to 58.33 dollars) for almost 12 months, and the barrel of Brent crude for the same period – by 14.45%, to 65.03 dollars. Continue reading

UK will pay $ 52 billion to withdraw from the EU

Foggy Albion has already lost hundreds of billions of dollars because of the start of Brexit
London agreed with Brussels on the amount that the British government will have to pay to allow the EU to give “good” to Britain’s withdrawal from the EU, that is, to implement the will of the majority of Britons who voted in favor of Britain’s withdrawal from the European Union at the referendum on 23 June 2016 for Brexit. The very agreement on the withdrawal of the UK from the EU will be ready only by October next year. Continue reading

The oil and metals market has entered a zone of turbulence

The lack of a clear perspective on the dollar rate to the world’s major currencies “warms up” the uncertainty in the world financial market

The weak dollar, which declined in value from the beginning of the year to most of the world’s currencies, from the euro to the Russian ruble, from the British pound sterling to the Kenyan shilling, led to a record rise in prices for oil and metals, brought the exchange indexes to new heights in the United States and Asia . However, at the end of the year, oil and metals markets enter the turbulence zone. The change of the main person in the US Federal Reserve, as well as the expectation of an increase in the rate at the last meeting of the regulator this year, do not bring relief: the experience of previous increases in interest rates showed that, contrary to the canons, the US dollar did not recover, but continued to collapse in value. Now it costs to the basket of six key currencies of the world by 8.92% less than at the beginning of this year. Continue reading

The price of WTI oil returned in June 2015

Against the background of interruptions in the supply of raw materials from Libya, the barrel of WTI crude oil rose above $60

On December 27, a barrel of WTI crude oil was able to overcome the $ 60 threshold, returning in June 2015. The main situational factor in the rise in prices were interruptions in the supply of raw materials from Libya. On the world market on Wednesday, December 27, thus, about 100,000 barrels of oil were lost. By the morning of December 28, however, the price for WTI slightly retreated from the taken mark, being at the level of 59.72 dollars. Euro on the exchange trades begins on December 28 auction in Moscow with a mark of 68.73 rubles, the US dollar – from 57.78 rubles. Continue reading

The US and the EU intend to ban the majority of offshore companies in the world

Washington intends to begin to reduce the budget deficit, and in Brussels are concerned about the decline in investments in the European economy

At the same time, Washington and Brussels are receiving signals that the US and EU financial authorities intend to prohibit the use of a number of offshore jurisdictions for American and European companies. It’s not just about classic offshore territories, where information about the owners of registered companies is kept anonymously. De facto, it is about the possibility that financial schemes connected with tax cuts using those tax jurisdictions where there are below the world average rates of certain types of taxes may be banned. Washington intends to implement a number of similar actions, which are connected with the desire to begin to reduce the budget deficit, exceeding 3% of US GDP. Continue reading