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Tesla stock rallying to new highs

Tesla stock rallying to new highs

Not so long ago, some critics said that Tesla Inc. was on the brink of failure due to low demand and high competition. However, recently, Tesla’s value on the stock market has climbed above $100 billion for the first time. Despite some skeptical forecasts, Elon Musk’s company stayed afloat and even managed to extend its gains.
11:47 2020-01-29 UTC+00
ECB to launch major review of its strategy

ECB to launch major review of its strategy

The European regulator is about to face major changes. President of the European Central Bank Christine Lagarde is preparing to launch a sweeping review of the bank's strategy for the first time since 2003. New economic trends pose new challenges to the bank, and it won't be possible to address them using outdated rules.
11:27 2020-01-29 UTC+00
US and France agree to hold off digital tax

US and France agree to hold off digital tax

US President Donald Trump strictly adheres to his “America first” foreign policy and is actively  promoting his country’s interests on a global scale. The US seems to continue its winning streak of successful international agreements.
14:44 2020-01-27 UTC+00
Bank of Russia pumps up reserves with gold

Bank of Russia pumps up reserves with gold

The Bank of Russia holds one of the world’s largest gold reserves. Over the past five years, the Bank of Russia has spent $40 billion on the precious metal. The total amount of the gold reserves equals 2,262 tons worth the whopping $106 billion. This smart strategy is highly praised by analysts. Indeed, the precious metal appreciated by 20% in 2019.
10:34 2020-01-27 UTC+00
EU loses most from Sino-US deal

EU loses most from Sino-US deal

The EU is affected the most by the trade conflict between the US and China. This usually happens when the two world’s largest economies argue over trade matters. The recent trade deal signed by the representatives of China and the US can be considered as a time bomb for the EU. China is set to increase imports of American goods by $200 billion during a two-year period covering 2020 and 2021.
13:24 2020-01-24 UTC+00
China keeps loan prime rate steady

China keeps loan prime rate steady

The policy of lending rates has always been crucial for China as it determines the country's monetary policy. On January 20,  the People’s Bank of China kept the lending benchmark rate unchanged for the second straight month. Earlier, the regulator left  the medium-term loans at the same rate. The one-year loan prime rate remained (LPR) at 4.
11:55 2020-01-24 UTC+00
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