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Tuesday, 15 October 18:07 (GMT -05:00)



Business And Politics News

Fed Cuts Key Interest Rate For The First Time In 10 Years


The U.S. Federal Reserve is reported to have cut the key interest rate, which is something really outstanding since the Fed has done it for the first time since 2009.

Publication date: 11 August 03:05 AM

A couple of days before the election, Trump is just 2% behind Clinton

Even though more and more experts are sure about Hillary Clinton’s victory in the forthcoming U.S. presidential election, and even bookmakers think that Hillary Clinton is the frontrunner, the results of the recent surveys show that everything is not that clear. In early October, Mrs. Clinton used to outpace Donald Trump by as much as 12%, today the difference is just 2%. The latest survey was taken on November 1st through 3rd.

Publication date: 06 November 01:29 AM

UK Will Face Hard Times Because of Brexit, Theresa May Says

The current Prime Minister of the United Kingdom Theresa May gave her first big interview after coming into power a few months ago. During the interview, she warned the people of the United Kingdom about the likelihood of a difficult period they would have to face in the near future. She is almost convinced that the so-called Brexit, or the process of quitting the European Union is going to be economically and financially painful to the UK, its people, economy, national currency, and financial system.

Publication date: 03 November 09:06 AM

Ukraine’s 50 Achievements in September 2016

Both Ukrainian citizens and representatives of the international community have been monitoring the economic and political situation in Ukraine for a couple of years. The Ukrainian economy is gradually reviving and coming out of the crisis it has been in for many years. Even international organizations specializing in economy have been witnessing positive changes in the economy of Ukraine. They are making reassuring forecasts for the future of Ukraine’s national economy despite the fact that people don’t always agree with those forecasts. For a number of reasons most Ukrainians don’t trust in a brighter economic future of their motherland. Even though they don’t know the true state of affairs in the national economy, those people can be understood since they have been living in a country with a depressing economy for years and all those positive changes are hard to see and feel in everyday life of an average Ukrainian.

Publication date: 27 October 12:43 PM

EU and Eurozone Won’t See Disintegrating Shortly, Roubini Says

After the British referendum where the people voted for quitting the European Union, the market showed a rater reserved reaction to the news, weaker than expected. This is what Nouriel Roubini, an American economist and professor says. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics, an economic consultancy firm.
 
Publication date: 25 October 12:47 PM

Freedom House Says Crimean Elections Are Illegitimate

Freedom House, a world-famous international organization defending human rights around the globe is reported to have condemned the recent parliamentary election in the Crimea, which is now a part of the Russian Federation, but Ukraine and the Western world still see the Crimea as a part of Ukraine. The organization says that the elections were illegitimate anyway since the territorial dispute is still underway.
 
Publication date: 18 October 10:26 AM

Global Economy Will Stay Volatile Until Bexit Is Over

As you probably know, the decision made by the British people to quit the European Union, which is now known as the Brexit, added uncertainty to the global economy as international financial markets went more volatile.
 

 

Still, G20 leaders still hope that the United Kingdom is going to retain close economic and political ties with the European Union. In the meantime, more and more representatives of the international expert community, including the UK’s financial authorities, assume that this uncertainty is likely to be seen as long as the Brexit procedure is still underway. This means that the existing volatility seen in the global economy and financial markets will disappear only when the Brexit is completed.
Publication date: 16 October 12:26 PM

Russian-Saudi Oil Agreement Pushed Oil Prices Higher

For those of you who don't know, Russia and Saudi Arabia signed an agreement on cooperating in the global market of crude oil. The news pushed oil prices higher. To be more specific, Brent oil gained 4% instantly after the news. Still, the rally was strong but short.
 
Publication date: 03 October 09:54 AM

Will Russia Join OPEC Agreement on Oil Production Cuts?

After OPEC unexpectedly decided to cut their oil production during the unofficial summit in Algeria on September 29,2016, the international community started asking one and the same question, which is whether Russia is actually going to join the agreement. The thing is that Russia was one of the first advocates of this idea and urged every energy nation out there to make this crucial step for their mutual benefit based on higher oil prices and bigger profits from oil exports.
 
Publication date: 30 September 02:55 PM

Nassim Taleb: Being Successful is Being Unpredictable

The world is full of unpredictable events happening from time to time. Nobody expected the disintegration of the USSR or the 9/11 terrorist attacks. World War I broke out in an instance and came as a shock to the humanity, doing unprecedented damage to the entire world.
 
Publication date: 30 September 01:13 AM

Will Russia, Iran, and Saudi Arabia Agree on Oil Production?

Today, Algeria is hosting an informal OPEC summit. The used to say that Russia may well join the cartel during this informal summit to discuss the current situation in the global market of crude oil and work out an efficient way to change it for the better. Still, now it is reported that Russia is not going to be participating in the summit since this is a summit for OPEC member only.
 
Publication date: 28 September 01:04 PM
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