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Russia produces more expensive oil than its rivals

Russia produces more expensive oil than its rivals

Russia is unlikely to compete with Saudi Arabia when looking for foreign investors in the oil industry. It turns out that the cost of oil production in Russia is much higher than in Saudi Arabia. The Russian oil will remain expensive even with the use of the latest technology and in case Western sanctions are lifted.
14:04 2019-11-19 UTC+00
IMF warns that global debt hits all-time high

IMF warns that global debt hits all-time high

The global debt has ballooned to such an extent that the record huge bubble has got out of control. According to the IMF estimates, nowadays the total global debt more than doubles the world’s gross domestic product and equals a whopping $188 trillion. The private sector accounts for the lion’s share that is two thirds of the whole amount.
12:54 2019-11-19 UTC+00
Trump promises substantial middle-class tax cut

Trump promises substantial middle-class tax cut

With elections rapidly approaching, US President Donald Trump is preparing for his reelection campaign using old unfulfilled promises. He restated his intention to lower tax rates for the middle class.
11:53 2019-11-19 UTC+00
Real estate giant sells luxury house for Bitcoins

Real estate giant sells luxury house for Bitcoins

Lately, the cryptocurrency market has been showing rather disappointing results, but it is not going to give in. Digital assets, in particular Bitcoin, are still used as a means of payment. And the acquisition of a luxury house in Manhattan confirms this fact.Ben Shaoul, president of Magnum Real Estate Group, a giant in the real estate world, has sold a high-end retail condo in Manhattan for $15.
10:37 2019-11-19 UTC+00
OPEC+ disrupts pact on oil production cuts

OPEC+ disrupts pact on oil production cuts

The Oil market has certain laws, violation of which can cause extremely unpredictable consequences. Sometimes such consequences have no significant impact on the market and sometimes they lead to revision of important decisions. Currently, OPEC has found itself in a similar situation.
12:02 2019-11-18 UTC+00
Debt market perks up as US avoids recession

Debt market perks up as US avoids recession

Sentiment in the debt market has improved as market participants have shrugged off fears about a recession in the US economy. Investors believe that the economy is on a sound footing. At present, the amount of bonds with negative yields has contracted notably worldwide. Earlier, bonds worth record high $17 trillion traded with negative interest rates.
09:19 2019-11-18 UTC+00
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