InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
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China set to overtake US as world’s largest oil refiner

China set to overtake US as world’s largest oil refiner

China has long been the world's biggest energy consumer, and now it is about to become the leader in the global refining market.  The coronavirus crisis has caused a significant shift in the global refining industry, thus contributing to China’s success. By contrast, oil refineries in the US and Europe are struggling to cope with the economic damage inflicted by the pandemic.
16:37 2020-12-02 UTC+00
Citigroup bets on AUD and NOK strength

Citigroup bets on AUD and NOK strength

Experts point out two currencies which could challenge the US dollar’s status as a safe-haven asset. Analysts predict that investors will shift focus away from the US dollar towards other currencies. The Australian dollar and the Norwegian krone will win the most favor with investors.  The US currency is set to retreat across the board in the near future.
15:42 2020-12-02 UTC+00
German Business Association urges US to lift sanctions on Nord Stream 2

German Business Association urges US to lift sanctions on Nord Stream 2

The German Eastern Business Association (Osteuropaverein der Deutschen Wirtschaft OAOEV) has decided to make the first step and warm up trade relations with the US. German businessmen have written a letter to Speaker of the US House of Representatives Nancy Pelosi urging her and other influential members of the US Democratic Party to ease sanctions against the Nord Stream 2 gas pipeline project.
14:34 2020-12-02 UTC+00
Janet Yellen to become US Treasury Secretary

Janet Yellen to become US Treasury Secretary

According to analysts, Joe Biden is expected to make some cabinet replacements after the inauguration. Thus, former Fed chair Janet Yellen is President-elect Joe Biden's pick to be US Treasury Secretary. Experts believe that Yellen will become the first female to chair the Treasury, the US Federal Reserve, and the White House Council of Economic Advisers.
12:03 2020-12-02 UTC+00
Biden’s energy policy to push oil prices up or down?

Biden’s energy policy to push oil prices up or down?

No doubt, the new head of the White House will review a lot of economic and political aspects of society. The cabinet reshuffle in the top global economy is sure to make an impact on both foreign and domestic policies. Thus, other countries and international alliances will have to adjust their policies to a new stance of the US administration.
11:42 2020-12-02 UTC+00
Global economy to grow in 2021 amid vaccines availability

Global economy to grow in 2021 amid vaccines availability

There are all reasons to think that the global economy will resume growing as early as next year. Analysts suppose that the availability of the coronavirus vaccine is the main driver of this rise.Kristalina Georgieva, Managing Director of the IMF, also supports this idea.
08:45 2020-12-02 UTC+00
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