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China's inflation accelerates due to rising pork prices

China's inflation accelerates due to rising pork prices

The past month has been difficult for the economy of China. During the reporting period, the inflation rate in China accelerated to maximum levels. Last time such high values were recorded in January 2012, analysts say. The acceleration was due to a sharp increase in pork prices, while producer prices fell significantly.
14:34 2019-11-15 UTC+00
Fed acting from position of fear

Fed acting from position of fear

American president Donald Trump and the Fed are trying to convince the world that the US economy has been doing well. It seems, though, that the Fed is actually worried about market liquidity. The stock market keeps hitting new highs.
14:21 2019-11-15 UTC+00
Global stocks vulnerable to clashes in Hong Kong

Global stocks vulnerable to clashes in Hong Kong

As a rule, equity markets are sensitive to all kinds of political unrest. This time, violent social protests in Hong Kong heavily affected the stock market last weekend. European stock markets suffered as well from the anti-government protests in this region.
11:28 2019-11-15 UTC+00
Germany seeks European banking integration

Germany seeks European banking integration

Being a well-developed political and economic body, the European Union still does not have a comprehensive banking regulatory framework. This is the EU’s serious failure especially during the period of escalated trade tensions. Moreover, disarray in the banking system is a good opportunity for organized criminal activity.
10:57 2019-11-15 UTC+00
Russia plans to reduce share of US dollars in its reserves

Russia plans to reduce share of US dollars in its reserves

The Russian authorities continue to form a new monetary structure of the National Welfare Fund. Particular attention is paid to the role of the American dollar in domestic reserves. The plans for the coming year are to reduce the dollar share further and add new currencies as reserve ones.
08:05 2019-11-15 UTC+00
Google plans to buy Fitbit

Google plans to buy Fitbit

The Google company announced that the acquisition of Fitbit, a smartwatch producer, is practically completed. Fitbit also specializes in the development of various fitness gadgets that are popular among fans of sport and healthy lifestyle. According to the official data, the deal values at around $2.1 billion. However, as soon as Google buys something, it becomes much more expensive.
07:58 2019-11-15 UTC+00
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