HSBC third-quarter profits rise to $4.62 billion |
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Five countries that could send oil prices up |
Iraq
Analysts say that the biggest risk comes from Iraq. Geopolitical tensions are rising in the country. The most recent incident includes the unexpected seizure of Kirkuk's oil fields by the Iraqi government, which disrupted some oil shipments. As a result, shipments at the Turkish port of Ceyhan, the destination for Iraq's oil exports, fell to 196,000 bpd. Economists estimate potential outage at 600,000 bpd.
Iran
The geopolitical behavior of Iran is also creating an unpredictable oil market. The major danger to Iran is a return of US sanctions, which could scare off investors and sharply reduce Iranian oil exports. According to Goldman Sachs, a few hundred thousand barrels of oil exports could be at risk. However, that is the worst-case scenario.
Libya
This OPEC member was exempted from the OPEC deal. In 2016, according to experts, the country had a downside risk for the oil market, as Libya tripled its oil production. However, damage to some of its export terminals means that production would be not more than1.25 million barrels per day. Analysts say that Libya represents a supply risk to the global oil market because of its ongoing political and economic instability.
Nigeria
Problems here are similar to Libya. It was also exempted from the OPEC supply cuts because it had high level of violence, instability and terrorism. In 2016, oil output was stable in Nigeria, hitting 1.2 million barrels per day. However, potential for further output gains is hardly possible as the country pledged to limit production when reaching the level of 1.8 million barrels per day. That was in 2017. Full-scale production is also affected by frequent terrorist attacks.
Venezuela
Experts are unanimous in the opinion that situation in Venezuela will worsen. This could spark a sharp decline in oil supplies. Without funding, state-owned PDVSA is not able to invest in new production and even maintain existing production. Experts suggest that Venezuela's oil quality has declined as it does not have funds to properly treat its heavy crude. At the same time, analysts do not rule out a possible debt default at PDVSA.
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Five countries that could send oil prices up |
Iraq
Analysts say that the biggest risk comes from Iraq. Geopolitical tensions are rising in the country. The most recent incident includes the unexpected seizure of Kirkuk's oil fields by the Iraqi government, which disrupted some oil shipments. As a result, shipments at the Turkish port of Ceyhan, the destination for Iraq's oil exports, fell to 196,000 bpd. Economists estimate potential outage at 600,000 bpd.
Iran
The geopolitical behavior of Iran is also creating an unpredictable oil market. The major danger to Iran is a return of US sanctions, which could scare off investors and sharply reduce Iranian oil exports. According to Goldman Sachs, a few hundred thousand barrels of oil exports could be at risk. However, that is the worst-case scenario.
Libya
This OPEC member was exempted from the OPEC deal. In 2016, according to experts, the country had a downside risk for the oil market, as Libya tripled its oil production. However, damage to some of its export terminals means that production would be not more than1.25 million barrels per day. Analysts say that Libya represents a supply risk to the global oil market because of its ongoing political and economic instability.
Nigeria
Problems here are similar to Libya. It was also exempted from the OPEC supply cuts because it had high level of violence, instability and terrorism. In 2016, oil output was stable in Nigeria, hitting 1.2 million barrels per day. However, potential for further output gains is hardly possible as the country pledged to limit production when reaching the level of 1.8 million barrels per day. That was in 2017. Full-scale production is also affected by frequent terrorist attacks.
Venezuela
Experts are unanimous in the opinion that situation in Venezuela will worsen. This could spark a sharp decline in oil supplies. Without funding, state-owned PDVSA is not able to invest in new production and even maintain existing production. Experts suggest that Venezuela's oil quality has declined as it does not have funds to properly treat its heavy crude. At the same time, analysts do not rule out a possible debt default at PDVSA.
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Метки: #photo_news |
Five countries that could send oil prices up |
Iraq
Analysts say that the biggest risk comes from Iraq. Geopolitical tensions are rising in the country. The most recent incident includes the unexpected seizure of Kirkuk's oil fields by the Iraqi government, which disrupted some oil shipments. As a result, shipments at the Turkish port of Ceyhan, the destination for Iraq's oil exports, fell to 196,000 bpd. Economists estimate potential outage at 600,000 bpd.
Iran
The geopolitical behavior of Iran is also creating an unpredictable oil market. The major danger to Iran is a return of US sanctions, which could scare off investors and sharply reduce Iranian oil exports. According to Goldman Sachs, a few hundred thousand barrels of oil exports could be at risk. However, that is the worst-case scenario.
Libya
This OPEC member was exempted from the OPEC deal. In 2016, according to experts, the country had a downside risk for the oil market, as Libya tripled its oil production. However, damage to some of its export terminals means that production would be not more than1.25 million barrels per day. Analysts say that Libya represents a supply risk to the global oil market because of its ongoing political and economic instability.
Nigeria
Problems here are similar to Libya. It was also exempted from the OPEC supply cuts because it had high level of violence, instability and terrorism. In 2016, oil output was stable in Nigeria, hitting 1.2 million barrels per day. However, potential for further output gains is hardly possible as the country pledged to limit production when reaching the level of 1.8 million barrels per day. That was in 2017. Full-scale production is also affected by frequent terrorist attacks.
Venezuela
Experts are unanimous in the opinion that situation in Venezuela will worsen. This could spark a sharp decline in oil supplies. Without funding, state-owned PDVSA is not able to invest in new production and even maintain existing production. Experts suggest that Venezuela's oil quality has declined as it does not have funds to properly treat its heavy crude. At the same time, analysts do not rule out a possible debt default at PDVSA.
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Germany’s retail sales grows less than expected |
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Five reasons why Bitcoin is not a bubble |
Some experts, unlike most of their colleagues, are not inclined to consider the world's leading cryptocurrency - Bitcoin - a "bubble" in the financial market.
The digital currency bitcoin rallied by over 300 percent since the start of the year. Unsurprisingly, many financial markets pundits consider such a sharp rally the creation of an asset bubble. However, analysts are confident that Bitcoin has very different fundamentals than early internet stocks and a much more promising growth trajectory.
Means of exchange enshrined in law
One of Bitcoin's biggest challenges so far has been acceptance by lawmakers and financial regulators due to its decentralized nature and its unfortunate association with criminal activities carried out on the dark web. However, Bitcoin's “official” acceptance is on the rise. In April 2017, Japan announced that it would officially begin accepting Bitcoin as a legal payment method. In the near future, many countries will come to this decision, experts are sure.
Increasing merchant adoption
In the early years of Bitcoin, merchant adoption was limited to a few brave ecommerce stores, usually run by early-stage Bitcoin enthusiasts. This, however, has changed substantially as leading tech companies and ecommerce platforms have chosen to accept Bitcoin as a payment method. With bitcoin's sharp price rally, increased media coverage and newfound acceptance in some countries, Bitcoin merchant adoption is on the rise and this trend will likely continue.
Bitcoin is increasingly acting as a store of wealth in distressed economies
Another reason why Bitcoin is most likely not a bubble is that is has a much-need real world application in economically distressed countries. In places such as Venezuela, Bolivia and Zimbabwe, for example, bitcoin has been acting as a store of wealth and as an alternative spending currency as local currencies are weakening into worthlessness. This can be witnessed by increasing bitcoin trading volumes that are negatively correlated with the performance of local currencies and economic growth in distressed regions.
Bitcoin has only just gone mainstream
You could say that 2017 has been the year in which Bitcoin has finally gone mainstream. In 2016, not too many people knew about it and cryptocurrencies. Now that Bitcoin has become mainstream, the buying potential from new investors is immense, especially as institutional investors have started to open up to the idea of investing in bitcoin and other digital currencies.
Bitcoin's supply is limited
One of the key reason why Bitcoin has become so valuable is that its increasing demand is met with a fixed limited supply. Because of the way Bitcoin was created, only 21 million coins can ever be mined. Furthermore, the rate at which new coins are created slows down over time. Experts note that the increasing demand for the digital currency is not only met with a limited total supply but also with a continuously slowing supply.
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Russia to establish cryptocurrency day |
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Russia to establish cryptocurrency day |
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Russia to establish cryptocurrency day |
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Mind-blowing tech predictions until 2099 |
Find out how technology will shape our world from 2019 to 2099 from a survey based on forecasts made by Ray Kurzweil over the past 20 years. Kurzweil is Google's technical director and a renowned technology futurist. Check out the details.
2019: Wire and cables for personal devices and peripherals will be the thing of the past.
2020: Computing power of PCs will be equal to the human brain.
2021: Wireless internet will be accessible at 85% of the territory of the Earth.
2022: The US and Europe will approve the laws regulating rights and obligations of robots and relations between them and people.
2024: People will not be allowed to drive their cars without computer intelligence.
2025: The mass market of gadgets-implants will appear.
2026: The scientific progress will increase life expectancy.
2027: A personal robot capable of fully autonomous complex actions will come into use in the same way as a coffee machine or a fridge.
2028: Total energy needs of humanity will be satisfied because of cheap and common solar power.
2029: A computer will pass the Turing test, proving the presence of reason. This will bring closer the possibility of implementing the computer model of the human brain.
2030: Nanotechnology in industry will flourish, resulting in lower costs for production of all goods.
2031: 3D printers will be available in all hospitals to print human organs.
2032: Nanorobots will be used for medical purposes. They will be able to deliver nutrients to the cells and remove waste products. They will also conduct detailed scans of the human brain, making it possible to understand how it functions.
2033: Only self-governing cars will be on the roads.
2034: A man with artificial intelligence will be created.
2035: Space technology will be sufficiently developed to ensure full protection of the Earth from collision with asteroids.
2036: Using progress in biology, it will be possible to program cells for the treatment of diseases, while the use of 3D printers will grow new tissues and organs.
2037: A giant breakthrough in understanding the secrets of human brain will allow people to determine hundreds of its different subregions with specialized functions. Some of the algorithms that encode the development of these regions will be transcribed and included in the neural network of computers.
2038: Robotic people will appear. They will be the result of transhumanist technologies and have many implants, for example, a camera in the eye.
2039: Nano-machines will be implanted directly in the brain and will be able to exchange signals with its cells. This will lead to virtual reality and total immersion without additional equipment.
2040: Gadgets with search engines will be implanted in the human body. The search will be done with the help of language and thoughts, with the result being displayed on the screen of lenses or glasses.
2041: Internet bandwidth will be 500 million times more than today.
2042: People will be able to become immortal thanks to nanorobots that will supplement the immune system and "clean up" the diseases.
2043: People will be able to change the shape of their body due to the replacement of internal organs with cybernetic devices.
2041: Internet bandwidth will be 500 million times more than today.
2042: People will be able to become immortal thanks to nanorobots that will supplement the immune system and "clean up" the diseases.
2043: People will be able to change the shape of their body due to the replacement of internal organs with cybernetic devices.
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Метки: #photo_news |
Mind-blowing tech predictions until 2099 |
Find out how technology will shape our world from 2019 to 2099 from a survey based on forecasts made by Ray Kurzweil over the past 20 years. Kurzweil is Google's technical director and a renowned technology futurist. Check out the details.
2019: Wire and cables for personal devices and peripherals will be the thing of the past.
2020: Computing power of PCs will be equal to the human brain.
2021: Wireless internet will be accessible at 85% of the territory of the Earth.
2022: The US and Europe will approve the laws regulating rights and obligations of robots and relations between them and people.
2024: People will not be allowed to drive their cars without computer intelligence.
2025: The mass market of gadgets-implants will appear.
2026: The scientific progress will increase life expectancy.
2027: A personal robot capable of fully autonomous complex actions will come into use in the same way as a coffee machine or a fridge.
2028: Total energy needs of humanity will be satisfied because of cheap and common solar power.
2029: A computer will pass the Turing test, proving the presence of reason. This will bring closer the possibility of implementing the computer model of the human brain.
2030: Nanotechnology in industry will flourish, resulting in lower costs for production of all goods.
2031: 3D printers will be available in all hospitals to print human organs.
2032: Nanorobots will be used for medical purposes. They will be able to deliver nutrients to the cells and remove waste products. They will also conduct detailed scans of the human brain, making it possible to understand how it functions.
2033: Only self-governing cars will be on the roads.
2034: A man with artificial intelligence will be created.
2035: Space technology will be sufficiently developed to ensure full protection of the Earth from collision with asteroids.
2036: Using progress in biology, it will be possible to program cells for the treatment of diseases, while the use of 3D printers will grow new tissues and organs.
2037: A giant breakthrough in understanding the secrets of human brain will allow people to determine hundreds of its different subregions with specialized functions. Some of the algorithms that encode the development of these regions will be transcribed and included in the neural network of computers.
2038: Robotic people will appear. They will be the result of transhumanist technologies and have many implants, for example, a camera in the eye.
2039: Nano-machines will be implanted directly in the brain and will be able to exchange signals with its cells. This will lead to virtual reality and total immersion without additional equipment.
2040: Gadgets with search engines will be implanted in the human body. The search will be done with the help of language and thoughts, with the result being displayed on the screen of lenses or glasses.
2041: Internet bandwidth will be 500 million times more than today.
2042: People will be able to become immortal thanks to nanorobots that will supplement the immune system and "clean up" the diseases.
2043: People will be able to change the shape of their body due to the replacement of internal organs with cybernetic devices.
2041: Internet bandwidth will be 500 million times more than today.
2042: People will be able to become immortal thanks to nanorobots that will supplement the immune system and "clean up" the diseases.
2043: People will be able to change the shape of their body due to the replacement of internal organs with cybernetic devices.
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Метки: #photo_news |
Mind-blowing tech predictions until 2099 |
Find out how technology will shape our world from 2019 to 2099 from a survey based on forecasts made by Ray Kurzweil over the past 20 years. Kurzweil is Google's technical director and a renowned technology futurist. Check out the details.
2019: Wire and cables for personal devices and peripherals will be the thing of the past.
2020: Computing power of PCs will be equal to the human brain.
2021: Wireless internet will be accessible at 85% of the territory of the Earth.
2022: The US and Europe will approve the laws regulating rights and obligations of robots and relations between them and people.
2024: People will not be allowed to drive their cars without computer intelligence.
2025: The mass market of gadgets-implants will appear.
2026: The scientific progress will increase life expectancy.
2027: A personal robot capable of fully autonomous complex actions will come into use in the same way as a coffee machine or a fridge.
2028: Total energy needs of humanity will be satisfied because of cheap and common solar power.
2029: A computer will pass the Turing test, proving the presence of reason. This will bring closer the possibility of implementing the computer model of the human brain.
2030: Nanotechnology in industry will flourish, resulting in lower costs for production of all goods.
2031: 3D printers will be available in all hospitals to print human organs.
2032: Nanorobots will be used for medical purposes. They will be able to deliver nutrients to the cells and remove waste products. They will also conduct detailed scans of the human brain, making it possible to understand how it functions.
2033: Only self-governing cars will be on the roads.
2034: A man with artificial intelligence will be created.
2035: Space technology will be sufficiently developed to ensure full protection of the Earth from collision with asteroids.
2036: Using progress in biology, it will be possible to program cells for the treatment of diseases, while the use of 3D printers will grow new tissues and organs.
2037: A giant breakthrough in understanding the secrets of human brain will allow people to determine hundreds of its different subregions with specialized functions. Some of the algorithms that encode the development of these regions will be transcribed and included in the neural network of computers.
2038: Robotic people will appear. They will be the result of transhumanist technologies and have many implants, for example, a camera in the eye.
2039: Nano-machines will be implanted directly in the brain and will be able to exchange signals with its cells. This will lead to virtual reality and total immersion without additional equipment.
2040: Gadgets with search engines will be implanted in the human body. The search will be done with the help of language and thoughts, with the result being displayed on the screen of lenses or glasses.
2041: Internet bandwidth will be 500 million times more than today.
2042: People will be able to become immortal thanks to nanorobots that will supplement the immune system and "clean up" the diseases.
2043: People will be able to change the shape of their body due to the replacement of internal organs with cybernetic devices.
2041: Internet bandwidth will be 500 million times more than today.
2042: People will be able to become immortal thanks to nanorobots that will supplement the immune system and "clean up" the diseases.
2043: People will be able to change the shape of their body due to the replacement of internal organs with cybernetic devices.
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Victory of Shinzo Abe triggers sharp rise in stocks |
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Japan’s Nikkei hits new highs after election |
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Japan’s Nikkei hits new highs after election |
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Japan’s Nikkei hits new highs after election |
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Six companies fleeing Catalonia |
The geopolitical situation in the Spanish region of Catalonia causes concern among major businesses. Some are preparing to move their head offices to other parts of the country, mainly to Madrid. View the details.
Catalonia held a controversial referendum on whether it should secede from Spain, thus creating dangerous geopolitical environment. Spain is in no wish to recognize the independence of this territory, although 90% of the Catalan voters have backed it. For most major companies this is an unfavorable situation. Some firms are moving their offices to other parts of Spain. Check them out.
Caixabank
Caixabank, the third-largest financial institution in Spain, said itwas ready to move its head office from Barcelona to Valencia in order to protect its clients' interests.
Sabadell
Sabadell, one of Catalonia's largest lenders, announced that it will move its headquarters away from the region to Alicante. The bank is concerned that it could suffer from having no access to the EU markets.
Colonial
Spain's leading real estate firm said it was ready to move its head office out of Catalonia to Madrid.
Gas Natural Fenosa
Catalonia-based Gas Natural Fenosa, Spain's largest domestic energy company, decided to move its headquarters to Madrid with an aim to protect the interests of the firm and its customers.
Dogi International Fabrics
The textile company opted to move its legal domicile to Madrid. The reasons behind the move are the same: intention of protecting the interests of the firm and its customers and an opportunity to do business in a tranquil environment.
Oryzon Genomics
Oryzon Genomics, a biotechnology leader in Spain, said it was moving to Madrid from Barcelona to "optimize its operational effectiveness and the relationship with its investors."
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Dow Jones hits new highs |
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Dow Jones hits new highs |
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Dow Jones hits new highs |
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