Gold drops as US Treasury yields spike

Пятница, 18 Мая 2018 г. 02:06 + в цитатник

On Tuesday, May 15, the value of the troy ounce of gold dropped to a weekly low. The increase in the yield of US bond reduced the demand of investors for precious metal. Gold futures on the COMEX New York Mercantile Exchange fell by $7.60 to $1,310.60 a troy ounce, the lowest level from May 8.

Gold started dropping after the yield on 10-year U.S. Treasury notes ticked up to 3.025%, the highest level in three weeks. A rise above the high of 3.035% would take it to its highest mark since 2014. The increase in the US Treasury yield can lead to a drop in demand for gold and other raw materials that do not bring profit.

U.S. Treasury yields were boosted by easing trade tensions between the U.S. and China. Let us recall that Donald Trump pledged to help Chinese technology company ZTE to resume work. In April, the White House barred U.S. companies from selling software and electronic components to ZTE which practically stopped the work of the company.

The dollar index, which tracks the strength of the dollar against a basket of six currencies, the main trading partners of the United States, rose 0.04% to 92.60. The growth of the dollar reduces the attractiveness of gold for holders of other currencies. At that time, the value of silver futures fell by 1.11% to $16.46 per ounce, platinum - by 0.8% to $907.60. Copper lost 0.26% of its value, sagging to $3,085 per pound.

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What countries block the Internet

Пятница, 18 Мая 2018 г. 02:04 + в цитатник

Attempts to block the popular in Russia Telegram messenger were actively discussed by all the Runet in 2018. In addition, it caused street protests. Nevertheless, not only the Russian authorities try to control the national Internet segment. You can read about what countries made the Internet space a part of domestic politics in our article.

ChinaInternet penetration rate — 53,2%In the country, only half of the population is involved in the Internet space; for comparison, in Russia, this figure is 76.4%. Nevertheless, China is the country with the largest audience (700 million). The country has the most advanced, complex and expensive Internet monitoring system.We can say that in the PRC the Internet was created under government control. The management of the national segment in China is carried out with the help of the Golden Shield system whose development has been started in 1998.

The Golden Shield system controls several directions at once: informs about offenses, controls content, deals with users identification, information monitoring, and traffic management. The Great Firewall of China, a part of the Golden Shield, blocks unwanted Internet resources, such as WhatsApp, Facebook, Twitter, Youtube, Instagram, and Google. Sites criticizing the Chinese authorities are also blocked.It should be understood that the whole system would not be so effective if China did not create successful national versions of global Internet services that became unique platforms (Taobao, AliPay, etc.), and the domestic market did not become the largest in the world.

IranInternet penetration rate — 44%Despite the fact that Iran is one of the regular suppliers of news about interlocks and censorship restrictions, it can not be said that the Iranian regulators work only on strengthen prohibitions and blockages. Access to some Internet resources is periodically renewed. It depends on the political situation in the country.The Internet in Iran appeared in 1992, and the first official rules for access control and censoring of content were introduced in 2001.

One of the rules is that the providers and Internet cafes should have a license to provide relevant services. Only married citizens of Iran, professing Islam, could obtain such licenses.A large-scale blockage occurred in 2013, then access to many famous sites and networks, including Youtube, Facebook, Twitter, was closed. During anti-government protests in December 2017, the authorities blocked Telegram for two weeks. This decision had a negative impact on the economy: small and medium-sized businesses incurred large losses. The messenger was blocked on January 13, 2018, but on April 30 of the same year, the Iranian court again decided to block Telegram.

TurkeyInternet penetration rate — 58,4%The new stage of official state policy in the field of the Internet in Turkey began in the spring of 2014 when shortly before the local elections on Twitter and YouTube, information was spread about the corruption scandal in government circles. In 2015, a law was passed allowing the Department of Telecommunications of Turkey to block all sites for 4 hours.All Internet resources that propagandized drugs, gambling, child pornography, etc., were blocked.

During crisis situations, various social services are being blocked, for example, Twitter. According to information on the transparency of the Internet, which was published by Twitter, Turkish courts satisfy 90% of requests for content removal.In April 2017, access to the Wikipedia site was blocked. And the reason was an administrative, not a judicial decision. On March 6, 2018, Turkish authorities tightened Internet censorship by blocking access to VPN servers used to bypass blockages and Proton Mail encryption.

Saudi ArabiaInternet penetration rate — 73,8%In 2016 the authorities of the most influential Arab country with a developed IT sector and Telecom adopted a law obliging to provide fingerprints when buying SIM-cards. Subsequently, all numbers of those who refused to go through this procedure were disconnected.In the Saudi Internet, sites with gambling, pornography, pirated content, propagandizing drugs are also being blocked, in addition, websites of some human rights organizations, opposition parties, websites criticizing the royal family, and content incompatible with Islamic notions of ethics and morals are blocked.

The control over the Internet in the country is carried out both by special services and public organizations. The story that caused the greatest international resonance is the sentence of Saudi Arabian Ahmad Al-Shamri to the death penalty for a tweet with insults of the Prophet Muhammad.In September 2017, Saudi Arabia authorities unblocked WhatsApp and Snapchat and allowed calls through the services of Skype, Line, Telegram, and Tango.

UkraineInternet penetration rate — 52,5%Until recently, the issue of Internet control in Ukraine was not discussed until in 2017 Poroshenko adopted a decree on the imposition of new sanctions against Russia. It's about blocking the services of the Russian Mail.Ru Group holding, Yandex, and other Russian IT companies. The biggest impact was caused by the ban on social networks VKontakte (16 million Ukrainian users) and Odnoklassniki (9.5 million), as well as Mail.Ru.The Ukrainian Internet community is still arguing about the appropriateness of the measures taken. However, almost everyone agrees that the measures taken have proved ineffective.

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Asian stocks finish in the green zone on Monday

Четверг, 17 Мая 2018 г. 01:43 + в цитатник

Almost all the stock indices of the Asia-Pacific region rose on Monday after closing higher last week, extending the rally not seen since February 2017.

Investors weighed the signals of easing trade tensions between China and the United States. The worst performers were South Korean, Singapore and Indonesian stocks. Markets in Indonesia are concerned by the increased number of terrorist attacks, including the bombings at three churches last weekend and an attack on the police station on Monday.

The consolidated index of the Asia-Pacific region, MSCI Asia Pacific, gained 0.5%, rising to 176.44. Donald Trump eased rhetoric on ZTE, China’s second-largest telecommunications equipment maker. On Monday, May 13, Trump ordered the Commerce Department to help ZTE to "get back into business".

This helped dollar bonds of electronics manufacturers and telecommunications equipment makers of China, including Lenovo and Huawei, rise in price.

A top-level Chinese delegation led by Vice Premier Liu He will arrive in Washington for trade talks this week. Nikkei 225 rose by 0.5%, while Topix advanced by 0.6%.

Hong Kong Hang Seng grew by 1.4% on the back of strong data on Hong Kong’s growth. The Chinese Shanghai Composite climbed by 0.3%.

Australia's S&P/ASX 200 Index rose by 0.3%, while India’s Sensex ticked up by 0.1%.

South Korean Kospi sank by 0.1%, while Indonesian Jakarta Composite declined by 0.2%.

The Malaysian market, which has been closed since the middle of the last week due to elections, opened on Monday with increased volatility: during early trades the major index lost 3% and then switched to a 0.2% rise by the end of trading. The national currency of Malaysia, which fell by 1% at early trades, managed to offset the decline by the end of the trading day.

In Japan, producer prices rose by 2%, marking the slowest pace of growth in thirteen months on a yearly basis in April. In March prices increased by 2.1%. Month-on-month, prices edged up by 0.1%. Both readings matched analysts’ expectations.

Stocks of Asia-Pacific producers of raw materials advanced: BHP gained 1.9% during Sydney trades, Rio Tinti was up 0.7%, and Aluminia rose by 2.9%.

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Diversification Rules: How to build a reliable share portfolio

Четверг, 17 Мая 2018 г. 01:41 + в цитатник

How to reduce the risk of your investment portfolio? The simplest way is diversification. It means the purchase of shares of various companies from several sectors and countries. However, the shares of Aeroflot, Magnit, and several other Russian companies do not at all indicate that you have collected a reliable portfolio. These issuers directly depend on the state of the Russian economy: if the incomes of Russians decrease, then you, as a shareholder, will also earn less. We will tell you how diversification will help to competently assemble an investment portfolio.

Rule 1. Companies should not depend on one indicatorYou can have in your portfolio a stock retailer, an air carrier, a gas producing company, and a steel seller. At first glance, these are different businesses, but they can depend on one thing: the market, the exchange rate, the value of products or other factors.

Market. Companies that sell most of the goods or services in a particular market (Russia, the US, Europe and Asia) are directly dependent on this market. That is, if products are sold less, then both revenue and profit will decrease.For example, Aeroflot and Magnit, despite their different directions, want to take money from one particular Russian. And if a person will have less money, then the income of companies, and accordingly yours (as the owner of shares), will fall. If you buy shares of companies that depend only on one market, you will buy one common macroeconomic risk.

Exchange rate. Another frequent form of dependence, when the company sells most of the goods or services only for dollars or euro, or when the main costs of the business depend on it.For example, M.Video buys equipment abroad for dollars and sells it for rubles in Russia. If the dollar goes up, then M.Video will raise prices for goods, and this is likely to have a negative impact on revenue. Another example: the company Cherkizovo works primarily in the domestic market and sells its products for rubles. If the dollar grows, then the company will only benefit. As imported sausages will rise in price, and sausages by Cherkizovo - no.

Cost of production. Companies that produce one type of product depend on the price of this product. As a rule, this applies to companies that extract oil, gold, diamonds, coal, or metals. For example, Tatneft gets most of the proceeds from the sale of oil. If the price of oil rises, the company's revenue will grow; if it falls, the revenue will decrease.

Rule 2. Companies must engage in different businessesThe main idea of diversification is that the shares of companies that will be in your portfolio should not depend on each other. It's good, if the business does not depend on one indicator, but it's even better if the companies are engaged in different businesses. And even if companies work in the same sector, this does not mean that they receive money for the same thing. A striking example of this are companies RusHydro, Rosseti, and Mosenergosbyt, issuers from the energy sector.

RusHydro produces energy in hydroelectric power plants and then sells it inside the country. Rosseti is engaged in the transportation of electricity. And if companies like RusHydro want to use this service, they will have to pay for it. Rosseti delivers energy to marketing companies, including Mosenergosbyt. The basis of the business of marketing companies is to sell energy to the end user, that is, ordinary people and organizations. Despite the fact that the companies belong to the same sector, the business of each of them is arranged in different ways.

Rule 3. There should be shares with different types of risk in the portfolioUsing diversification you do not need to strive to destroy risks at all costs, you need to be aware of these risks. To collect a portfolio of non-interconnected shares, you need to understand how the business works, on what factors it depends. To do this, study the sources of revenue. Then assess the company's dependence on certain factors (internal or external demand, exchange rates, etc.). If such a dependency exists, decide whether it suits you or not. The main thing is to choose risks consciously. Another way to reduce the dependency is to buy shares with the opposite risk.

But do not forget about the most important thing, profitability. When you try to get rid of risk, do not forget that the task of the portfolio is not only not to lose money but to earn money. And if you want to get profit, you still have to take some kind of risk.

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Promising forecast: Oil price will rise, things are looking up

Среда, 16 Мая 2018 г. 02:13 + в цитатник

Excellent news for Russian oil producers. According to the latest forecasts, an increasing number of experts come to the conclusion that oil will soon cost $100 per barrel. Considering the fact that the oil sale is one of the few main sources of revenue to the budget, such news is encouraging. Analysts say the main growth factors are possible interruptions in supplies from Venezuela and Iran, as well as the global demand increase and reduction in world reserves. This will be more than enough for oil prices to rise to $90. The next jump will be triggered by sanctions against Tehran and OPEC's decision to extend the terms of the agreement to cut production.

Bank of America supports this point of view. However, Goldman Sachs has less optimism. Local analysts expect the price to rise to $82.5 per barrel. However, in any case this is good news for Russia. The local authorities are happy with this forecast. The revenues of the Russian budget from oil exports in January-March this year increased by 21 percent on a yearly basis and amounted to $28.2 billion.

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Promising forecast: Oil price will rise, things are looking up

Среда, 16 Мая 2018 г. 02:13 + в цитатник

Excellent news for Russian oil producers. According to the latest forecasts, an increasing number of experts come to the conclusion that oil will soon cost $100 per barrel. Considering the fact that the oil sale is one of the few main sources of revenue to the budget, such news is encouraging. Analysts say the main growth factors are possible interruptions in supplies from Venezuela and Iran, as well as the global demand increase and reduction in world reserves. This will be more than enough for oil prices to rise to $90. The next jump will be triggered by sanctions against Tehran and OPEC's decision to extend the terms of the agreement to cut production.

Bank of America supports this point of view. However, Goldman Sachs has less optimism. Local analysts expect the price to rise to $82.5 per barrel. However, in any case this is good news for Russia. The local authorities are happy with this forecast. The revenues of the Russian budget from oil exports in January-March this year increased by 21 percent on a yearly basis and amounted to $28.2 billion.

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Most famous posters of the Great Patriotic War

Среда, 16 Мая 2018 г. 02:07 + в цитатник

Posters dedicated to the Great Patriotic War do not leave anyone indifferent. You can find them and their history of creation in our photo gallery.

On difficult days, when citizens of the USSR experienced the hardships of war with fascist Germany, enthusiastic artists supported the morale of the people with the help of posters. During the work, the authors used bright images and laconic appeals. We suggest you familiarize yourself with the most popular ones.

The Motherland CallsThis is the most famous poster of the Great Patriotic War created by the artist Irakli Toidze at the end of June 1941. The image on this poster has become one of the most common in the Soviet Union for many years.

Don't chatter!This poster appeared in 1941. Its authors are Vatolina and Denisov. The work was aimed at combating espionage. Let's remind before the beginning of the Great Patriotic War many German diversionary groups operated in the USSR. At this time, the population needed to be careful in talking with strangers.

Red Army soldier, save us!The author of this poster, written in 1942, is Viktor Koretsky. It depicts a mother with a child in her arms whom she is trying to protect from the fascists. This poster is considered one of the most emotionally bright images.

Our cause is just. Victory will be ours!This work of poster art, seemingly gloomy, inspires confidence in the rightness of actions. The author of the poster, created in 1941, is the artist Serov. The title of the picture is words taken from the appeal of Molotov to the Soviet people.

Have you helped the front?A poster with a call, reminiscent of the placard "Have you volunteered?" of the Civil War times, was created by the artist Moor in 1941. It depicts a Red Army soldier against the background of smoking factory pipes. The poster was aimed at mobilizing front and rear forces to fight the fascists.

Everything for the Front, Everything for the Victory!The authorship of this poster is in question, and the slogan depicted on it was considered very relevant and meeting the challenges of the time. It expressed the essence of the program actions developed by the Soviet government to support the front and the Red Army.

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Donald Trump triggers oil rally

Вторник, 15 Мая 2018 г. 02:37 + в цитатник

The global oil market has turned into a testing ground. Energy companies, cartels, and even countries are making efforts to experiment with oil prices. Currently, benchmark crude grades are especially sensitive to several fundamentals. Each of these factors arises from activities of the party, involved in crude exports.

OPEC is eager to rein in a supply glut through production curbs that is certainly bullish for oil prices. Top oil exporters have ensured balance between supply and demand. Moreover, some experts foresee supply shortage on the back of rising consumption. OPEC members are serious about extending the deal beyond 2018. Another market player, US President Donald Trump, is well-known for his unpredictable decisions. Thus, analysts find it more complicated to forecast the market. Trump was keeping investors in suspense after France’s President and Germany’s Chancellor had visited him in Washington and declared they were not ready to withdraw from the nuclear deal with Iran. Besides, the state leaders tried to convince the US President to retain the 2015 international agreement. Trump took a dramatic pause and made the opposite decision. He announced a decision to pull out of the deal and reimpose “the highest level of economic sanctions” against Iran. Interestingly, the sanctions will come into force in 180 days, but the oil market responded with an immediate rally.

Trump’s decision pushed oil prices to the levels seen in late 2014. Remarkably, investors are more encouraged by his statements, neglecting robust shale oil production in the US. Meanwhile, the US is ramping up oil output, having outpaced Saudi Arabia and competing with Russia. US energy companies are benefiting from the steady oil rally.

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Vladimir Putin lost leadership in ranking of most influential people in the world

Вторник, 15 Мая 2018 г. 02:35 + в цитатник

According to Forbes:

The population of the Earth is almost 7.5 billion people. The annual Forbes rating of the most influential people in the world determines one person out of every 100 million. For the first time in five years, the list was headed not by Russian President Vladimir Putin. You will find the first ten places of the rating in our photo gallery.

The President of the People's Republic of China, 64-year-old Xi Jinping, became the leader of the rating after the Chinese deputies made amendments to the Constitution confirming the unlimited term in office of the PRC president. The Forbes publication notes that Xi Jinping has consolidated his status as the most influential leader since the days of Mao Zedong.

The leader of Russia, Vladimir Putin, took the second place. But the creators of the rating note that he managed to win in the last elections with a record result for the post-Soviet time, 77% of the vote. For the first time, the Russian president topped the rating in 2013 displacing the American colleague Barack Obama.

Donald Trump, after a year of performing his duties, dropped in the ranking from the second to the third place. He could not get rid of a series of accusations and scandals in personal and political life. But, nevertheless, he is the head of the economic and military giant.

German Chancellor Angela Merkel is de facto the leader of Europe. She won the heavy elections in 2017 and created a "big coalition" with political partners. Merkel should be prepared for the coming storms after Brexit and the growing anti-immigrant moods in Europe.

Surely you have heard the success story of the richest man on the planet, the founder of Amazon Jeff Bezos. It's amazing how he managed to achieve this.

Pope Francis, who occupies the sixth place, is the spiritual leader of more than a billion Catholics.

Forbes called the founder of Microsoft Bill Gates the king of philanthropists. In 2017, he transferred 64 million shares of Microsoft worth $4.6 billion to charity, according to the US Securities and Exchange Commission. This was the biggest donation of a billionaire.

This year there are 17 new names in the list including Mohammad bin Salman Al Saud, Crown Prince of Saudi Arabia. His father remains king, but the prince undoubtedly consolidated power and took the country under his control. In November 2017, he launched an "anti-corruption campaign" which resulted in the arrest of many famous Saudis. Forbes believes that the prince will determine the Middle Eastern geopolitics for the next generation.

The rating also includes two representatives of India. The ninth place is held by the country's Prime Minister Narendra Modi.

The last person in the list is a developer and co-founder of Google, Larry Page.The publication noted that the rating took into account four criteria. First of all, it was about the ability to influence a significant number of people. Financial resources were also taken into account (for heads of state, the size of GDP was considered, and for company managers - assets and incomes), whether the candidate has influence in other spheres, and, finally, how actively the list participants use power.

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Japan’s central bank may delay tightening for years

Пятница, 11 Мая 2018 г. 02:08 + в цитатник

The Bank of Japan removed a forecast date for 2% inflation in April. According to analysts, the unexpected regulator’s decision was aimed to keep stimulus expectations under control.

The latest forecast suggested inflation will be 1.8% in 2019 and 2020 fiscal years. That is, it is set to be below the target for another three years. Eight of the nine members of the Board of Governors said that there were downside risks to the inflation forecast for 2020.

This means that the Bank of Japan can maintain the current policy for many years if the inflation target is not reached. Consumer inflation has finally approached 1%, but the economy lacks the momentum to push prices further.

The Bank of Japan has reiterated that it is in no hurry to tighten monetary policy like other central banks. Meanwhile, some representatives of Japan’s central bank urged that there are negative consequences of ultra-soft monetary policy, such as a blow to banks’ profits from almost zero rates.

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How to Get Rich: Five Tips from Millionaires

Пятница, 11 Мая 2018 г. 02:02 + в цитатник

Striving for success and wealth, modern market players dedicate all their time and energy to this goal. Experts propose to adopt a number of tips from millionaires and follow them. Read more in our article

Most market participants are striving for success and material prosperity. On the one hand, this race for money is exhausting, but sometimes it brings satisfaction and energizes. To achieve the desired, experts advise paying attention to a number of tips that wealthy people give. Let's consider the most important of them.

To get wealth you need to riskAny millionaire is ready to confirm that risk is the main component of wealth. However, any of them will emphasize that it is necessary to take risks reasonably. Unthinking risk provokes sad consequences. On the contrary, a reasonable risk carries great financial opportunities, but you need to calculate all possible options in order to have a plan B in case of a negative situation.

Money must workWealthy people warn: do not expect a significant profit by putting money on a bank deposit. Millionaires adhere to the principle that money should not be kept in the account. They should be put to work in order to make a profit. The millionaires try to reinvest the money they earn in their projects. Thus, reliable and long-term sources of income are formed.

Only your own business can bring profitAs a rule, millionaires do not work for other people, although earlier they could work for someone. Such work can be useful up to a certain level of development, experts believe. To grow your fortune you need to have your own business. Any millionaire will confirm that they would not have become such if they still worked for the boss.

It is desirable to receive financial educationRich people, before engaging in building their fortunes, actively increased the level of financial literacy. They studied the relevant books, followed the economic news on the Internet and in other media. Many millionaires got a financial education. They came to the conclusion that self-development and investing in oneself is the best investment of money because knowledge and experience with proper application can lead to success.

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How to Get Rich: Five Tips from Millionaires

Пятница, 11 Мая 2018 г. 02:02 + в цитатник

Striving for success and wealth, modern market players dedicate all their time and energy to this goal. Experts propose to adopt a number of tips from millionaires and follow them. Read more in our article

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The most famous, beautiful, and powerful Ferrari

Среда, 09 Мая 2018 г. 02:53 + в цитатник

The Ferrari car brand has been creating iconic models of cars since the 50-60s of the last century, and the demand for them continues to a certain extent today, even despite the high cost and low suspension of luxury coupes. Luca di Montezemolo, a successor to Enzo Ferrari as the concern director, continues to glorify the Italian style around the world. More information about the most famous Ferrari models is available in our photo gallery

Owners of Ferrari cars at different times were members of royal families, top-level officials, Hollywood stars, and even criminal authorities. This is not surprising, Ferrari, being a subsidiary of Fiat, still produces incredibly beautiful, powerful, and fast cars, some of which became racing legends, others managed to be an immortal part of mass culture.

BackgroundOn 12 March, 1947 the first model Ferrari - 125 S drove down the streets of the Italian town of Maranello. Creating the brand and corporate style of the company, Enzo Ferrari surrounded his person with a halo of mystery, and instructed the Pininfarina studio to develop the exterior of the cars. As for the symbolism of Ferrari, its famous designer borrowed from Francesco Baracca, an ace, who died in the First World War: the prancing horse from the aircraft fuselage was destined to become the official Ferrari logo - a symbol of speed, the roar of engines, the brakes screeching, luxury, and comfort.

Ferrari 250 GT California SpyderAfter the legendary Ferrari 250 GTO, 250 GT SWB California Spyder, a shorter version of the long-haul 250 GT LWB California Spyder, has been the most desirable model of Ferrari in the garages of auto collectors since 1962 and still remains so. Of the 56 released copies of this model, only 37 had the configuration desired by the collectors.With the release in 1986 of the film "Ferris Bueller's Day Off", the car price at auctions began to exceed $10 million.

Ferrari 250 TRSports cars of the 250th line represented double rear-wheel drive coupes with a hard or open top and belonged to the GT class, although by technical characteristics, they are just as good as supercars. The 250 TR model was produced during only 5 years, from 1956 to 1961. The 280-horsepower engine had brought Ferrari 250 victory in a number of high-speed competitions for ten years, which earned him the reputation of "the owner of roads." The 250th rally series lineup consisted of about two dozen modifications of sports cars.

Ferrari Dino 246 GTThe Ferrari Dino 246 model was named after the son of Enzo Ferrari, who died at an early age, and in 1968 marked the beginning of the racing configuration of Ferrari cars. A steel 195-horse-power engine allowed to reach a speed of 100 km/h in 7.1 seconds, that was an impressive success for that time. The model was produced with a pullman body and a convertible targa top, but then had a steel body. It was the first car on which the Ferrari logo appeared.

Ferrari 365Automobiles of the 365th series, also known as Ferrari Daytona, received their unofficial name after the complete and flawless victory in the 24-hour race on the American track of Dayton on February 5, 1967, taking all top places. They had a traditional front engine location and rear-wheel drive, a 5-speed manual gearbox installed at the rear, and they were also produced in two types of body: the 365 GTB/4 (Gran Turismo Berlinetta) coupe and the 365 GTS/4 (Gran Turismo Spider) convertible.

Ferrari 308The 308th series of Ferrari cars became one of the most recognizable and had a resounding success due to its design, combining soft and gradual lines with manly aggressive curves. The engine in the new versions of cars, apparently slightly different from each other, had an average location, and its power was 214-255 hp. This gave the acceleration to 100 km/h in 6.5-7 seconds at a maximum speed of 227-256 km/h.Production of the sports cars line lasted for 10 years and was completed in 1985.

Ferrari TestarossaSports Ferrari Testarossa became a sort of a standard of supercar in the 1980s.The automobile with a 370-horsepower unit was running up 100 km/h in just 5.7 seconds, and its maximum speed was 273 km/h. The model became known as “testarossa" (from Italian it is translated as "red head") thanks to the red-painted cylinder head of the engine. Under the influence of competition with Lamborghini Countach, designers remodeled the car several times, creating its updated versions - Ferrari 512 TR and Ferrari F512 M.

Ferrari F40The mid-engine two-door rear-wheel-drive F40 super car is the last model of Enzo Ferrari's lifetime, which became the most expensive car sold in Great Britain. During the years of 1987-1992, the anniversary F40 model wore the title of the world's fastest production vehicle for public roads, taking advantage of acceleration over its major competitors at that time - Porsche 959 and Lambourghini Countach. With a motor power of 471 hp and 7,000 rpm, F40 overcame a mark of 100 km/h in just 3.2 seconds, accelerating to 324 km/h. Paired with the engine, there was a 5-speed transmission.The increased demand for F40 was due to the fact that it was a completely new model created for the company's 40th anniversary in just 12 months. All 1,315 cars were presented in only one version - with a two-door body of the Berlinetta type.

Ferrari EnzoFerrari Enzo is a two-seat sports car created in honor of the legendary Enzo Ferrari and produced by the company in 2002-2004. It combines all the previous achievements of the auto group, success in F1 racing, and innovative developments in all areas of the automotive industry. The automobile is laced with the air intakes, which allowed to achieve the optimal air distribution to increase the downforce and efficient cooling of the engine without significant aerodynamic losses.The 660-horsepower engine of the race car speeds up to 355 km/h, which creates just space overload for a pilot.

Ferrari 458 ItaliaFerrari 458 Italia goes on this list due to the technical characteristics of its engine: in this model, the Ferrari group for the first time used a gasoline direct injection system. The naturally aspirated 570-horsepower unit works together with a 7-speed robotic gearbox, but its fuel consumption is much less than the previous model (Ferrari F430). Acceleration to 100 km/h takes 3.4 seconds, the maximum speed of the supercar is 325 km/h.Since 2009, more than 1,000 cars have been sold.

LaFerrariThe LaFerrari hypercar, released in a limited series in 2013, was the first serial production of a hybrid-type Ferrari. The car can boast an atmospheric 800-horsepower engine and a 163-horsepower electric one, planted in a 7-speed robotic gearbox, which instantly accelerates the car to a truly cosmic speed of 350 km/h. The hypercar cost is more than 1.6 million dollars. The 500th LaFerrari produced for charity in December 2016 was bought for $7 million.

Ferrari PortofinoThe world premiere of the 600-horsepower

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The most famous, beautiful, and powerful Ferrari

Среда, 09 Мая 2018 г. 02:53 + в цитатник

The Ferrari car brand has been creating iconic models of cars since the 50-60s of the last century, and the demand for them continues to a certain extent today, even despite the high cost and low suspension of luxury coupes. Luca di Montezemolo, a successor to Enzo Ferrari as the concern director, continues to glorify the Italian style around the world. More information about the most famous Ferrari models is available in our photo gallery

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Lost Paradise in Asia

Вторник, 08 Мая 2018 г. 01:42 + в цитатник

The Philippines is not yet very popular with Russian tourists. In a couple of years one of the islands of the state, Palawan, will probably become the twin brother of the famous Boracay and Cebu. In the meantime, Palawan retains its distinctiveness. Here you will find secluded beaches and friendly local people who are not spoiled by tourists.

Palawan covers an area of 425 kilometers long and from 8.5 to 40 kilometers wide. From time immemorial the island has been the gateway to the Philippines meeting merchants. At the end of the 19th century, the island was colonized by the United States. The former authorities left behind their Catholic faith and English language. Today, Palawan is a paradise nature, a cultural diversity (there are 87 national groups in the province) and a hospitable population.

Tourists started talking about Palawan when, due to environmental problems, the island of Boracay was closed. After that, Palawan has become almost the most attractive destination for tourists in all the Philippines.

How to get to the island? There are no direct flights to Palawan. You can get to the island through the capital of the Philippines, Manila. From there, a low-cost aircraft Cebu Pacific flies. The prices of this air carrier are very democratic. The ticket price includes the main feature of the company - flight attendants demonstrate safety rules by dancing.

The plane lands at the airport of Puerto Princesa. It is not worth staying here for more than one night. One day will be enough to see all the main sights. The world's longest underground river, which is akin to a real stone palace, is a must-see place.

Another main attraction is the Cathedral of the Immaculate Conception. The cathedral in honor of the Virgin Mary, who was declared in 1872 the patroness of the city, was built in a geometric style. Filipinos, as earnest Catholics, regularly attend church.

But the bulk of tourists go to Palawan because of El Nido. It is a nature reserve, which is located on an island with beautiful bays, majestic rocks, and clear water. In addition, there is only one main street in El Nido where all cafes are situated. Their variety will satisfy the tastes of any tourist: European, local and even vegan cuisine. In the Trattoria Altrove cafe, there is always a line for pizza. It is not surprising, it can really compete with the Neapolitan.

Local cuisine is pretty simple: mostly rice or noodles with vegetables and seafood. Its specialty is a suckling pig fried on a spit. Filipinos simply adore the sweet, so the local condensed milk is very popular which is added to almost all dishes, even in juices.

The main feature of this place is excursion tours through secret lagoons and neighboring small islands. Boats depart every day from the main pier, the tour takes all day and includes a chic dinner consisting of local cuisine and fruits.

You will be amazed by the local nature and the underwater world of Palawan. Diving here is considered the best in the world, and the reef of Tubbatah is recognized as the world heritage of UNESCO. If you like solitude, you can rent a kayak or a private boat and get to the neighboring beach in less than half an hour.

You will see Filipinos playing a game of backgammon, cards or billiards everywhere. Local residents are very gambling. But basketball is a "sacred" game for Filipinos. Even in a village in the woods, you will find a basketball court. Baseball caps, sports shirts, and shorts are a local high fashion.

It's so beautiful here that it's hard to believe in the reality of what's happening.

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Lost Paradise in Asia

Вторник, 08 Мая 2018 г. 01:42 + в цитатник

The Philippines is not yet very popular with Russian tourists. In a couple of years one of the islands of the state, Palawan, will probably become the twin brother of the famous Boracay and Cebu. In the meantime, Palawan retains its distinctiveness. Here you will find secluded beaches and friendly local people who are not spoiled by tourists.

https://instaforex.livejournal.com/1876927.html

Метки: #photo_news

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Lost Paradise in Asia

Вторник, 08 Мая 2018 г. 01:42 + в цитатник

The Philippines is not yet very popular with Russian tourists. In a couple of years one of the islands of the state, Palawan, will probably become the twin brother of the famous Boracay and Cebu. In the meantime, Palawan retains its distinctiveness. Here you will find secluded beaches and friendly local people who are not spoiled by tourists.

https://instaforex.livejournal.com/1876927.html

Метки: #photo_news

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US consumer spending rises by 0.4% in March

Пятница, 04 Мая 2018 г. 01:06 + в цитатник

US consumer spending grew in March, according to a report released by the Commerce Department on April 30.

Consumer spending, which accounts for more than two-thirds of US economic activity, increased by 0.4% in March after a 0.2% rise in February.

The personal consumption expenditures (PCE) price index, excluding food and energy prices, which is the Federal Reserve's preferred inflation gauge, rose by 0.2% in March, coming in line with analysts’ expectations.

On a yearly basis, the core PCE advanced by 1.9% in March. US personal income increased by 0.3% last month. Meanwhile, February’s figure was revised down to a 0.3% gain, from a 0.4% rise initially.

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Exhibits of the largest Russian Museum of Railways

Пятница, 04 Мая 2018 г. 01:05 + в цитатник

In St. Petersburg, near the Baltic Railway Station, the Railway Museum, the largest in Russia, was opened. The exhibition includes 3,500 original historical items and samples of unique equipment, each of which has its own history. You can find the most interesting exhibits in our photo gallery

Museum's surface areaThe new museum complex covers an area of more than 57 thousand square meters where there are 115 units of rolling stock, as well as 38 interactive and multimedia installations. The complex consists of two buildings: the historical building of the locomotive depot of the 19th century Peterhof Railway and a new building, reminiscent of its shape but superior in surface area. Both buildings are connected by a covered passage. In the center of the museum complex, there is a turntable for steam locomotives, diesel locomotives and other types of railway equipment were placed inside the two buildings of the museum and in the adjoining territory.

2. Porcelain plate and sheet music of Pavlovsk WaltzThe collection of the St. Petersburg Museum includes items related to the history of the famous Pavlovsk station, a part of the first railway in Russia. It was both a station and a concert hall where musicians with world names performed. Among the artifacts reminiscent of the glory of the music station is a porcelain plate made at the plant Kornilov and used during meals in the restaurant of the station, as well as the sheet music of Pavlovsk Waltz of the late XIX century.

3. Luxury salon wagonPresented in the museum one of the four pre-revolutionary salon wagons of the luxury class has the best-preserved interior and a rare type of body, polonso. In the wagon, there is a kitchen, a compartment for servants and guards, as well as a meeting room. At the beginning of XX century, metallic bullet-proof half-walls defended the generals and admirals of the Russian army on the front line. After the Second World War, in the Soviet Union, the wagon was used as a service one until the early 1990's.

4. Locomotive in a cross sectionThe cross-section layout of the locomotive ER791-81, one of the most interesting exhibits of the St. Petersburg museum, gives an opportunity to examine in detail how this running model of railway transport is arranged. The locomotive itself was built in 1955 and along with other 2,700 locomotives of the "Er" series was to replenish the locomotive fleet of domestic railways which suffered losses during the Great Patriotic War.

5. Mobile missile systemA little more than 10 years ago Russian Railways was given permission to exhibit a sample of a combat railway missile complex equipped with an intercontinental ballistic missile RT-23UTTKH "Molodets". The module consists of three wagons: a firing control point, a launcher and a supply unit. The missile shaft is fixed in the fighting position. Special equipment allows you to see how the combat calculation works when launching the missile. The last Russian combat railway missile complex was withdrawn from combat duty on August 15, 2005.

6. Artillery systems from a sunken battleshipSuch artillery systems were intended mainly to combat naval targets and were part of the coastal units of the Navy. One of the systems of TM-3-12, produced by the Nikolaev plant named after Andre Marti in 1938, modeled after the ones located on the sunk battleship "Empress Maria", is now in the new St. Petersburg museum. During the Great Patriotic War, such cannons were both in Finland and in the evacuation, until finally in 1944 they returned to the USSR where they continued to serve under Leningrad until 1961.

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Macron props up oil prices

Четверг, 03 Мая 2018 г. 02:37 + в цитатник

Energy investors are well aware of factors which make an impact on crude oil prices. Apart from fundamentals, sentiment of oil traders is sensitive even to verbal interventions of policymakers who are not directly involved in the crude market. For instance, France’s president made a few statements during his visit to the White House that triggered an immediate rally in the oil market. Interestingly, Russia is of little importance to the market despite being the top global oil exporter which produces more crude than the whole OPEC.

Emmanuel Macron was able to convince Donald Trump to practice flexibility over Iran and the new deal regulating Iran’s nuclear program. The news came as a big surprise to the global oil market. No one dared to assume that Macron would find forceful arguments for the US president. However, the rhetoric of the White House has softened notably. "Nobody knows what I'm going to do on the 12th, though Mr. President, you have a pretty good idea. But we'll see, but we'll also see if I do what some people expect, if it's possible to make a new solid foundation contract,” Trump made a comment on proposals of his French counterpart.

Nevertheless, oil traders do not have to be laid-back. Even in case the oil market can keep momentum, oil prices are set for a downward correction amid massive speculative deals in the futures market. So, experts do not rule out that the bullish sentiment of energy investors could change abruptly. Apparently, Trump’s remark could have been a matter of courtesy. When Iran warned that it could resume its nuclear activities if the US leaves the international deal, Trump threatened severe sanctions. "If they restart their nuclear program, they will have bigger problems than ever before."

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