Five Russian cities with most active investors |
According to the data provided by experts from the Russian Standard Bank, the situation on the deposit market is as follows: Russian investors give preference to the national currency. A small percentage of Russian citizens keep their savings in the US and European currencies. Experts analyzed the geography of investments in the Russian Federation and highlighted five cities where the population is more active in terms of personal savings
Moscow
As the data from the Russian Standard Bank show, citizens of the capital of the Russian Federation are the most advanced in terms of personal savings. The most popular deposits among Moscow residents are ruble. The amount of deposits in euros fell by 22%, while in US dollars rose by 3.4%. The increase of deposits in rubles was 15.5%, experts noted.
St. Petersburg
The second place in terms of deposits and activity of the population goes to Saint Petersburg. According to analysts, the residents of St. Petersburg have more opportunities for income growth with small risks, for example, when buying a particular currency. As noted by the bank's experts, this factor is important for 13% of the respondents.
Nizhny Novgorod
The third place in the ranking of Russian Standard Bank is occupied by Nizhny Novgorod. The majority of the population, namely 69% of the respondents, prefer guaranteed income, for example, ruble deposits at favorable rates. Citizens of other regions of the Russian Federation follow this approach.
Samara
Samara takes the fourth place in the list of Russian cities with the most advanced investors. In this city, as well as in other megacities, there is a tendency among retirees to hold deposits. Many citizens of the Russian Federation are interested in long-term investment such as buying an apartment and its subsequent renting.
Voronezh
Voronezh closes the top 5 Russian cities with the most active investors. Projections of the Russian Standard Bank analysts indicate that the outflow of deposits into the national currency is expected in the near future. In the present situation, the rates for ruble deposits, in contrast to foreign currency deposits, are above the inflation rate. This offers the possibility not only to save money but also to increase savings due to returns on deposits, experts remind.
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Метки: #photo_news |
Five Russian cities with most active investors |
According to the data provided by experts from the Russian Standard Bank, the situation on the deposit market is as follows: Russian investors give preference to the national currency. A small percentage of Russian citizens keep their savings in the US and European currencies. Experts analyzed the geography of investments in the Russian Federation and highlighted five cities where the population is more active in terms of personal savings
Moscow
As the data from the Russian Standard Bank show, citizens of the capital of the Russian Federation are the most advanced in terms of personal savings. The most popular deposits among Moscow residents are ruble. The amount of deposits in euros fell by 22%, while in US dollars rose by 3.4%. The increase of deposits in rubles was 15.5%, experts noted.
St. Petersburg
The second place in terms of deposits and activity of the population goes to Saint Petersburg. According to analysts, the residents of St. Petersburg have more opportunities for income growth with small risks, for example, when buying a particular currency. As noted by the bank's experts, this factor is important for 13% of the respondents.
Nizhny Novgorod
The third place in the ranking of Russian Standard Bank is occupied by Nizhny Novgorod. The majority of the population, namely 69% of the respondents, prefer guaranteed income, for example, ruble deposits at favorable rates. Citizens of other regions of the Russian Federation follow this approach.
Samara
Samara takes the fourth place in the list of Russian cities with the most advanced investors. In this city, as well as in other megacities, there is a tendency among retirees to hold deposits. Many citizens of the Russian Federation are interested in long-term investment such as buying an apartment and its subsequent renting.
Voronezh
Voronezh closes the top 5 Russian cities with the most active investors. Projections of the Russian Standard Bank analysts indicate that the outflow of deposits into the national currency is expected in the near future. In the present situation, the rates for ruble deposits, in contrast to foreign currency deposits, are above the inflation rate. This offers the possibility not only to save money but also to increase savings due to returns on deposits, experts remind.
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Метки: #photo_news |
NOPEC vs.OPEC: what if US approves bill |
Some experts believe that the global oil market is under threat as the US lawmakers are about to introduce certain adjustments to the country’s legislation. The White House intends to take a different stance towards the congressional bill known as NOPEC that stands for No Oil Producing and Exporting Cartels. If this scenario unfolds, then the global and financial markets will face drastic changes.
The NOPEC bill that is being discussed by the US Congress implies that an antitrust law will be made applicable to the oil cartel. It is going to be an exceptional case that has never occurred in the international law practice yet.
The global organizations and countries are supposedly immune to domestic laws of other countries. That is why such bills have never been approved yet. However, the NOPEC bill is a unique one. Both the American President and the Congress have supported this initiative. In 2019, the House of Representatives passed the bill. Besides, Donald Trump has also advocated for the application of an antitrust law against OPEC that was criticized by the president for maintaining too high oil prices.
If the NOPEC bill is approved, it may lead to massive political upheavals, some experts say. One of the repercussions of such a move can be the dissolution of OPEC. At the same time, the bill may cause new trade wars as independent oil producers are likely to be dismayed by unjust distribution of the natural resource rent. Saudi Arabia has already threatened to abandon the American dollar in international payments in case the United States passes the bill. As a result, the status of the US dollar as the dominant currency may weaken or even be lost.
Read more: https://www.mt5.com/forex_humor/image/42241
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Метки: #forex_caricature |
NOPEC vs.OPEC: what if US approves bill |
Some experts believe that the global oil market is under threat as the US lawmakers are about to introduce certain adjustments to the country’s legislation. The White House intends to take a different stance towards the congressional bill known as NOPEC that stands for No Oil Producing and Exporting Cartels. If this scenario unfolds, then the global and financial markets will face drastic changes.
The NOPEC bill that is being discussed by the US Congress implies that an antitrust law will be made applicable to the oil cartel. It is going to be an exceptional case that has never occurred in the international law practice yet.
The global organizations and countries are supposedly immune to domestic laws of other countries. That is why such bills have never been approved yet. However, the NOPEC bill is a unique one. Both the American President and the Congress have supported this initiative. In 2019, the House of Representatives passed the bill. Besides, Donald Trump has also advocated for the application of an antitrust law against OPEC that was criticized by the president for maintaining too high oil prices.
If the NOPEC bill is approved, it may lead to massive political upheavals, some experts say. One of the repercussions of such a move can be the dissolution of OPEC. At the same time, the bill may cause new trade wars as independent oil producers are likely to be dismayed by unjust distribution of the natural resource rent. Saudi Arabia has already threatened to abandon the American dollar in international payments in case the United States passes the bill. As a result, the status of the US dollar as the dominant currency may weaken or even be lost.
Read more: https://www.mt5.com/forex_humor/image/42241
|
Метки: #forex_caricature |
Five Russian cities with the most active investors |
According to the data provided by experts from the Russian Standard Bank, the situation on the deposit market is as follows: Russian investors give preference to the national currency. A small percentage of Russian citizens keep their savings in the US and European currencies. Experts analyzed the geography of investments in the Russian Federation and highlighted five cities where the population is more active in terms of personal savings
Moscow
As the data from the Russian Standard Bank show, citizens of the capital of the Russian Federation are the most advanced in terms of personal savings. The most popular deposits among Moscow residents are ruble. The amount of deposits in euros fell by 22%, while in US dollars rose by 3.4%. The increase of deposits in rubles was 15.5%, experts noted.
St. Petersburg
The second place in terms of deposits and activity of the population goes to Saint Petersburg. According to analysts, the residents of St. Petersburg have more opportunities for income growth with small risks, for example, when buying a particular currency. As noted by the bank's experts, this factor is important for 13% of the respondents.
Nizhny Novgorod
The third place in the ranking of Russian Standard Bank is occupied by Nizhny Novgorod. The majority of the population, namely 69% of the respondents, prefer guaranteed income, for example, ruble deposits at favorable rates. Citizens of other regions of the Russian Federation follow this approach.
Samara
Samara takes the fourth place in the list of Russian cities with the most advanced investors. In this city, as well as in other megacities, there is a tendency among retirees to hold deposits. Many citizens of the Russian Federation are interested in long-term investment such as buying an apartment and its subsequent renting.
Voronezh
Voronezh closes the top 5 Russian cities with the most active investors. Projections of the Russian Standard Bank analysts indicate that the outflow of deposits into the national currency is expected in the near future. In the present situation, the rates for ruble deposits, in contrast to foreign currency deposits, are above the inflation rate. This offers the possibility not only to save money but also to increase savings due to returns on deposits, experts remind.
|
Метки: #photo_news |
Five Russian cities with the most active investors |
According to the data provided by experts from the Russian Standard Bank, the situation on the deposit market is as follows: Russian investors give preference to the national currency. A small percentage of Russian citizens keep their savings in the US and European currencies. Experts analyzed the geography of investments in the Russian Federation and highlighted five cities where the population is more active in terms of personal savings
Moscow
As the data from the Russian Standard Bank show, citizens of the capital of the Russian Federation are the most advanced in terms of personal savings. The most popular deposits among Moscow residents are ruble. The amount of deposits in euros fell by 22%, while in US dollars rose by 3.4%. The increase of deposits in rubles was 15.5%, experts noted.
St. Petersburg
The second place in terms of deposits and activity of the population goes to Saint Petersburg. According to analysts, the residents of St. Petersburg have more opportunities for income growth with small risks, for example, when buying a particular currency. As noted by the bank's experts, this factor is important for 13% of the respondents.
Nizhny Novgorod
The third place in the ranking of Russian Standard Bank is occupied by Nizhny Novgorod. The majority of the population, namely 69% of the respondents, prefer guaranteed income, for example, ruble deposits at favorable rates. Citizens of other regions of the Russian Federation follow this approach.
Samara
Samara takes the fourth place in the list of Russian cities with the most advanced investors. In this city, as well as in other megacities, there is a tendency among retirees to hold deposits. Many citizens of the Russian Federation are interested in long-term investment such as buying an apartment and its subsequent renting.
Voronezh
Voronezh closes the top 5 Russian cities with the most active investors. Projections of the Russian Standard Bank analysts indicate that the outflow of deposits into the national currency is expected in the near future. In the present situation, the rates for ruble deposits, in contrast to foreign currency deposits, are above the inflation rate. This offers the possibility not only to save money but also to increase savings due to returns on deposits, experts remind.
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Метки: #photo_news |
NOPEC vs.OPEC: what if US approves bill |
Some experts believe that the global oil market is under threat as the US lawmakers are about to introduce certain adjustments to the country’s legislation. The White House intends to take a different stance towards the congressional bill known as NOPEC that stands for No Oil Producing and Exporting Cartels. If this scenario unfolds, then the global and financial markets will face drastic changes.
The NOPEC bill that is being discussed by the US Congress implies that an antitrust law will be made applicable to the oil cartel. It is going to be an exceptional case that has never occurred in the international law practice yet. The global organizations and countries are supposedly immune to domestic laws of other countries. That is why such bills have never been approved yet. However, the NOPEC bill is a unique one. Both the American President and the Congress have supported this initiative. In 2019, the House of Representatives passed the bill. Besides, Donald Trump has also advocated for the application of an antitrust law against OPEC that was criticized by the president for maintaining too high oil prices.
If the NOPEC bill is approved, it may lead to massive political upheavals, some experts say. One of the repercussions of such a move can be the dissolution of OPEC. At the same time, the bill may cause new trade wars as independent oil producers are likely to be dismayed by unjust distribution of the natural resource rent. Saudi Arabia has already threatened to abandon the American dollar in international payments in case the United States passes the bill. As a result, the status of the US dollar as the dominant currency may weaken or even be lost.
Read more: https://www.mt5.com/forex_humor/image/42241
|
Метки: #forex_caricature |
NOPEC vs.OPEC: what if US approves bill |
Some experts believe that the global oil market is under threat as the US lawmakers are about to introduce certain adjustments to the country’s legislation. The White House intends to take a different stance towards the congressional bill known as NOPEC that stands for No Oil Producing and Exporting Cartels. If this scenario unfolds, then the global and financial markets will face drastic changes.
The NOPEC bill that is being discussed by the US Congress implies that an antitrust law will be made applicable to the oil cartel. It is going to be an exceptional case that has never occurred in the international law practice yet. The global organizations and countries are supposedly immune to domestic laws of other countries. That is why such bills have never been approved yet. However, the NOPEC bill is a unique one. Both the American President and the Congress have supported this initiative. In 2019, the House of Representatives passed the bill. Besides, Donald Trump has also advocated for the application of an antitrust law against OPEC that was criticized by the president for maintaining too high oil prices.
If the NOPEC bill is approved, it may lead to massive political upheavals, some experts say. One of the repercussions of such a move can be the dissolution of OPEC. At the same time, the bill may cause new trade wars as independent oil producers are likely to be dismayed by unjust distribution of the natural resource rent. Saudi Arabia has already threatened to abandon the American dollar in international payments in case the United States passes the bill. As a result, the status of the US dollar as the dominant currency may weaken or even be lost.
Read more: https://www.mt5.com/forex_humor/image/42241
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Метки: #forex_caricature |
Technology giants and oil leaders: world’s five highly profitable companies |
According to experts, a key indicator of the status value and high income of large companies is their net profit. In 2019, the rating of such corporations was headed by Saudi Aramco. The net profit of the oil giant exceeded the revenues of well-known American and Chinese holding companies, such as Apple, State Grid Corporation, and others. For more detailed information on the most profitable global corporations, see our article
Saudi Aramco
The Asian oil giant ranks first in the list of the largest companies in the world. Over recent years, its income has grown by 35 percent. The total proceeds of Saudi Aramco reached $355.9 billion. The company has 99% of its oil reserves in Saudi Arabia. Saudi Aramco's net income was $111 billion. According to analysts, Saudi Aramco accounts for up to 10% of all the oil produced in the world. In 2018, the value of the company amounted to $1.6 trillion.
Apple
The second place among the highly profitable companies in the world is occupied by the Apple technology giant. For many years, this leading American corporation has held the lead in the ranking of the most profitable companies. This year, Apple has announced the net profit of $60 billion, thereby giving way to the largest oil producer.
Samsung Group
Samsung Group, a technology corporation, turned out to be among three leading companies. This place was ensured by the technogiant's sustainability of capital. Net profit of the company stalled at the level of $35.1. However, experts are confident that there is still every chance for growth.
Alphabet
The fourth position in this ranking is taken by the American technology giant of large business, Alphabet. Analysts predict its successful development in the IT industry. The company's profit amounted to $30.7 billion. Three years ago, Alphabet was the leader among the most profitable organizations in the world, but in competing with Apple, the company lost its previous position.
ExxonMobil
ExxonMobil, an oil-producing corporation, closes the top 5 best among equals. It firmly maintains the position in the list of the most profitable companies in the world. The ExxonMobil oil giant announced $21 billion in revenue. In early 2019, the corporation's total capitalization was $330 billion. The holding company does business all over the world, but the major oil-producing complexes are located in the United States and Canada. ExxonMobil has a lot of branch plants, some of them are in offshore zones.
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Метки: #photo_news |
Technology giants and oil leaders: world’s five highly profitable companies |
According to experts, a key indicator of the status value and high income of large companies is their net profit. In 2019, the rating of such corporations was headed by Saudi Aramco. The net profit of the oil giant exceeded the revenues of well-known American and Chinese holding companies, such as Apple, State Grid Corporation, and others. For more detailed information on the most profitable global corporations, see our article
Saudi Aramco
The Asian oil giant ranks first in the list of the largest companies in the world. Over recent years, its income has grown by 35 percent. The total proceeds of Saudi Aramco reached $355.9 billion. The company has 99% of its oil reserves in Saudi Arabia. Saudi Aramco's net income was $111 billion. According to analysts, Saudi Aramco accounts for up to 10% of all the oil produced in the world. In 2018, the value of the company amounted to $1.6 trillion.
Apple
The second place among the highly profitable companies in the world is occupied by the Apple technology giant. For many years, this leading American corporation has held the lead in the ranking of the most profitable companies. This year, Apple has announced the net profit of $60 billion, thereby giving way to the largest oil producer.
Samsung Group
Samsung Group, a technology corporation, turned out to be among three leading companies. This place was ensured by the technogiant's sustainability of capital. Net profit of the company stalled at the level of $35.1. However, experts are confident that there is still every chance for growth.
Alphabet
The fourth position in this ranking is taken by the American technology giant of large business, Alphabet. Analysts predict its successful development in the IT industry. The company's profit amounted to $30.7 billion. Three years ago, Alphabet was the leader among the most profitable organizations in the world, but in competing with Apple, the company lost its previous position.
ExxonMobil
ExxonMobil, an oil-producing corporation, closes the top 5 best among equals. It firmly maintains the position in the list of the most profitable companies in the world. The ExxonMobil oil giant announced $21 billion in revenue. In early 2019, the corporation's total capitalization was $330 billion. The holding company does business all over the world, but the major oil-producing complexes are located in the United States and Canada. ExxonMobil has a lot of branch plants, some of them are in offshore zones.
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Метки: #photo_news |
Acacia’s gold output jumps by 19% |
According to Acacia Mining, a subsidiary of Barrick Gold in Africa, the world's largest gold miner, its annual gold output increased by 19 percent to 158,774 ounces in the second quarter of 2019.
The production of the yellow metal expanded one and a half times compared to the previous quarter of this year. The gold sales of Acacia Mining reached 143,325 ounces.
North Mara played a critical role in accelerating the growth of gold production. Due to the change in the mining plan and the solution of a number of production problems, the output of precious metals surged by 39 percent to 119,113 ounces.
Analysts estimated that Acacia Mining had produced 263,673 ounces of gold over the past six months. The company also confirmed its annual production forecast of 500-550 thousand ounces. Last month, the cash balance of the African gold miner amounted to approximately $125 million, experts summed up.
Read more: https://www.mt5.com/forex_humor/image/42212
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Метки: #forex_caricature |
Acacia’s gold output jumps by 19% |
According to Acacia Mining, a subsidiary of Barrick Gold in Africa, the world's largest gold miner, its annual gold output increased by 19 percent to 158,774 ounces in the second quarter of 2019.
The production of the yellow metal expanded one and a half times compared to the previous quarter of this year. The gold sales of Acacia Mining reached 143,325 ounces.
North Mara played a critical role in accelerating the growth of gold production. Due to the change in the mining plan and the solution of a number of production problems, the output of precious metals surged by 39 percent to 119,113 ounces.
Analysts estimated that Acacia Mining had produced 263,673 ounces of gold over the past six months. The company also confirmed its annual production forecast of 500-550 thousand ounces. Last month, the cash balance of the African gold miner amounted to approximately $125 million, experts summed up.
Read more: https://www.mt5.com/forex_humor/image/42212
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Метки: #forex_caricature |
Five amazing historical discoveries |
Remarkably, many historical artifacts were discovered by chance. People come across rarities not only during archaeological excavations but also in everyday life. See 5 unexpected findings which turn out to be highly valued in art and history in our photo gallery.
Venus de Milo
In 1820, Greek peasant Iorgos cultivated his field on the island of Milos. Suddenly, he came across several carved stone blocks and four statues. Three of them depicted ancient Greek God Hermes and another was Aphrodite. An archaeological expedition arrived on the island and took the Aphrodite statue to France. Louis XVIII called it Venus de Milo and placed it in the Louvre, where it remains today. Now this statue is considered one of the most astonishing exhibits of the Louvre Museum.
Coyolxauhqui disk
In February 1978, workers who were installing cables on a busy street in Mexico city accidentally discovered a 20-ton bas-relief of Coyolxauhqui - the goddess of night. This deity was worshipped by the ancient Aztecs. According to the legend, Coyolxauhqui embodies the moon. It is considered an incarnation of the Aztecs lunar deity Metztli. The Aztecs depicted Coyolxauhqui in the form of a warrior with a helmet on head and snakes (or ropes) on the hands and around the waist. Archaeologists also found images where she was shown decapitated.
Vincent Van Gogh "Still life with flowers"
One day an elderly couple from the American suburb of Milwaukee, Wisconsin, invited an appraiser to see one of the paintings. While working, the appraiser noticed another picture, more interesting from a professional point of view. It turned out to be an original painting by famous Vincent Van Gogh. The painting, created in 1886, is called "Still life with flowers". Later it was sold at auction for $1.4 million.
Mark Twain's manuscript "The Adventures Of Huckleberry Finn"
In 1961, Barbara Testa, an ordinary librarian from Hollywood, inherited six capacious chests. They belonged to her grandfather James Fraser Gluck, a lawyer who died in 1895. Barbara had spent about 30 years trying to sort out all things in the chests. In autumn of 1990, she came across a 665-page manuscript. It was the first half of Mark Twain's story - "The Adventures of Huckleberry Finn". Thus, the two parts of the great American novel were reunited.
Copy of US Declaration of Independence, 1776
A financial analyst at Philadelphia once noticed an unusual picture at a flea market in Adamstown, Pennsylvania. He was attracted by the ornate wooden frame of the canvas. After buying a painting for $4, he came home and took it out of the frame. Suddenly, between the canvas and the wooden substrate he discovered an old document - the copy of the US Declaration of Independence, 1776. It is one of the 24 found copies. In June 1991, the relic was sold at auction for $2.4 million.
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Метки: #photo_news |
Five amazing historical discoveries |
Remarkably, many historical artifacts were discovered by chance. People come across rarities not only during archaeological excavations but also in everyday life. See 5 unexpected findings which turn out to be highly valued in art and history in our photo gallery.
Venus de Milo
In 1820, Greek peasant Iorgos cultivated his field on the island of Milos. Suddenly, he came across several carved stone blocks and four statues. Three of them depicted ancient Greek God Hermes and another was Aphrodite. An archaeological expedition arrived on the island and took the Aphrodite statue to France. Louis XVIII called it Venus de Milo and placed it in the Louvre, where it remains today. Now this statue is considered one of the most astonishing exhibits of the Louvre Museum.
Coyolxauhqui disk
In February 1978, workers who were installing cables on a busy street in Mexico city accidentally discovered a 20-ton bas-relief of Coyolxauhqui - the goddess of night. This deity was worshipped by the ancient Aztecs. According to the legend, Coyolxauhqui embodies the moon. It is considered an incarnation of the Aztecs lunar deity Metztli. The Aztecs depicted Coyolxauhqui in the form of a warrior with a helmet on head and snakes (or ropes) on the hands and around the waist. Archaeologists also found images where she was shown decapitated.
Vincent Van Gogh "Still life with flowers"
One day an elderly couple from the American suburb of Milwaukee, Wisconsin, invited an appraiser to see one of the paintings. While working, the appraiser noticed another picture, more interesting from a professional point of view. It turned out to be an original painting by famous Vincent Van Gogh. The painting, created in 1886, is called "Still life with flowers". Later it was sold at auction for $1.4 million.
Mark Twain's manuscript "The Adventures Of Huckleberry Finn"
In 1961, Barbara Testa, an ordinary librarian from Hollywood, inherited six capacious chests. They belonged to her grandfather James Fraser Gluck, a lawyer who died in 1895. Barbara had spent about 30 years trying to sort out all things in the chests. In autumn of 1990, she came across a 665-page manuscript. It was the first half of Mark Twain's story - "The Adventures of Huckleberry Finn". Thus, the two parts of the great American novel were reunited.
Copy of US Declaration of Independence, 1776
A financial analyst at Philadelphia once noticed an unusual picture at a flea market in Adamstown, Pennsylvania. He was attracted by the ornate wooden frame of the canvas. After buying a painting for $4, he came home and took it out of the frame. Suddenly, between the canvas and the wooden substrate he discovered an old document - the copy of the US Declaration of Independence, 1776. It is one of the 24 found copies. In June 1991, the relic was sold at auction for $2.4 million.
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Метки: #photo_news |
EU expanding free trade zone |
At present, the EU authorities are striving to expand a free trade zone beyond European countries. Brussels considers Asian countries to be promising trade partners. On June 30, 2019 the EU made two deals with Vietnam: a trade agreement and an investment protection agreement. For the EU, this is the first step toward large-scale cooperation with a developing Asian country.
Painstaking talks over 10 years eventually ended with the trade deal which gradually slashes tariffs on 99% of mutual imports.
The landmark deal was signed in Hanoi, Vietnam’s capital city. Citing European Commissioner for Trade Cecilia Malmstrom, the EU used to express cautious stance on this Southeast Asian country. In 2016, the amount of foreign investment in Vietnam’s economy was slightly above €8 billion. The new agreement is sure to boost it. The new investment protection agreement will replace all previous ones and will ensure extra safety of EU investment.
Both deals still have to be approved by the European Parliament that could be a complicated thing. EU lawmakers are going to assess all pitfalls.
Besides, the EU and its South American partners have struck a long-awaited trade deal after two decades of talks. The EU and Mercosur, the South American bloc comprising Argentina, Brazil, Paraguay, and Uruguay, agreed on a free trade area. The Mercosur allies aim to eliminate import tariffs over 10-15 years. In return, the EU is due to release the Mercosur partners from most export duties. As a result, EU companies will save nearly €4 billion annually.
Read more: https://www.mt5.com/forex_humor/image/42206
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Метки: #forex_caricature |
EU expanding free trade zone |
At present, the EU authorities are striving to expand a free trade zone beyond European countries. Brussels considers Asian countries to be promising trade partners. On June 30, 2019 the EU made two deals with Vietnam: a trade agreement and an investment protection agreement. For the EU, this is the first step toward large-scale cooperation with a developing Asian country.
Painstaking talks over 10 years eventually ended with the trade deal which gradually slashes tariffs on 99% of mutual imports.
The landmark deal was signed in Hanoi, Vietnam’s capital city. Citing European Commissioner for Trade Cecilia Malmstrom, the EU used to express cautious stance on this Southeast Asian country. In 2016, the amount of foreign investment in Vietnam’s economy was slightly above €8 billion. The new agreement is sure to boost it. The new investment protection agreement will replace all previous ones and will ensure extra safety of EU investment.
Both deals still have to be approved by the European Parliament that could be a complicated thing. EU lawmakers are going to assess all pitfalls.
Besides, the EU and its South American partners have struck a long-awaited trade deal after two decades of talks. The EU and Mercosur, the South American bloc comprising Argentina, Brazil, Paraguay, and Uruguay, agreed on a free trade area. The Mercosur allies aim to eliminate import tariffs over 10-15 years. In return, the EU is due to release the Mercosur partners from most export duties. As a result, EU companies will save nearly €4 billion annually.
Read more: https://www.mt5.com/forex_humor/image/42206
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Метки: #forex_caricature |
Top-10 leading exporting countries of 2019 |
At present, there are a significant number of countries in the world which exports are constantly increasing. According to the Central Intelligence Agency, in 2018, the gross domestic product of all countries in the world reached $135.2 trillion due to this growth. In total, exported goods accounted for about 14.2% of global GDP. In this article, you can find the list of the 10 largest exporting countries
China
China is regarded by experts as the leader among exporting countries. A special feature of the modern Chinese economy is its dependence on the external market. Export accounts for 80% of the country's foreign exchange earnings. The world market consumes 20% of the gross output of industry and agriculture of China. The state maintains trade and economic relations with 182 countries of the world. In addition, it has intergovernmental trade agreements and protocols signed with 80 of them.
United States
The second place among the world's largest exporters goes to the United States. The main export goods are oil products, automobiles, airplanes, spare parts for cars, and medical supplies. Canada (17%), Mexico (13%), Japan (4.6%), and Germany (4.2%) are considered to be the major buyers of American products.
Germany
The third line of this ranking is occupied by Germany. A special feature of the German economy is its export orientation. The state is interested in the open market and strengthens its presence on the international stage. The key trading partners are the countries of the European Union, in particular France and the United Kingdom, as well as the US, India, China, and the Eastern European States.
Japan
The fourth position in the list of exporting countries goes to Japan. The Land of the Rising Sun exports motor vehicles, electronics, and chemicals. The key trading partners include the US, China, South Korea, Taiwan, and Hong Kong.
Netherlands
The Netherlands takes the fifth position in the ranking. The key export items are chemical products, meat, greenhouse vegetables, natural gas, floriculture products, and metal goods. Germany, Belgium, the United Kingdom, and France are the leading trading partners.
South Korea
South Korea occupies the sixth place among the largest exporters. Its main economic partner is the United States. The economy of South Korea is ranked higher compared with many developed European countries, in particular Italy and France. Other important trading partners are East Asian countries, among which Japan and China are the leaders. The main supplier of oil to South Korea is Saudi Arabia.
Hong Kong
The seventh line of the current ranking is taken by Hong Kong. China plays the most important role in foreign trade. For mainland China, Hong Kong is the largest open port and the main source of foreign investment, as well as a key offshore center for Chinese capital.
France
The eighth place among the largest exporting countries goes to France. The lion's share of exports accounts for engineering products, including transportation equipment, automobiles, chemical products, agricultural and food products, semi-finished products, and others.
Italy
The ninth line of this ranking is occupied by Italy. The country is one of the leading manufacturers and suppliers of the global automotive industry. In addition to vehicles, it exports bicycles, tractors, washing machines and refrigerators, radio electronic products, industrial equipment, steel pipes, plastics, chemical fibers, as well as clothing and leather shoes. Among popular food products exported by Italy are macaroni, cheese, olive oil, wine, fruit, and canned tomato sauce.
Great Britain
The United Kingdom closes the top 10 world's largest exporters. The country is a leader in the export of financial products, primarily banking, brokerage, insurance, and consulting services. Besides, it exports oil and petroleum products, as well as a number of medicines. The machine building and transport industries are well developed in the country, so it supplies large quantities of industrial and chemical goods. The major consumer of British products is the United States.
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Italy escapes sanctions for violation of EU budget rules |
The European Commission would not impose sanctions against Italy for violation of the budget rules, the European Commissioner for Economic and Financial Affairs Pierre Moscovici said. The official noted that penalties for the EU countries aimed not to punish or discipline anyone, but to ensure that governments draw up sound state budgets and address problems promptly. On July 1, Italy managed to get approval for the measures that could help the country to reduce the budget deficit by 7.6 billion euro in 2019. Thanks to that, the total shortfall will come in at 2.04% of the GDP which would be much lower than expected.
Further on, Pierre Moscovici said that the European Commission would closely monitor the implementation of these measures in the second half of the year. The Italian authorities should provide the European Union with the budget plan for 2020. The deadline for that is October 15, 2019. However, some analysts think that things may change by this time. Among such changes could be restructuring of the ECB Governing Council and a reshuffle of senior staff in the leading European institutions.
Read more: https://www.mt5.com/forex_humor/image/42199
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Метки: #forex_caricature |
Italy escapes sanctions for violation of EU budget rules |
The European Commission would not impose sanctions against Italy for violation of the budget rules, the European Commissioner for Economic and Financial Affairs Pierre Moscovici said. The official noted that penalties for the EU countries aimed not to punish or discipline anyone, but to ensure that governments draw up sound state budgets and address problems promptly. On July 1, Italy managed to get approval for the measures that could help the country to reduce the budget deficit by 7.6 billion euro in 2019. Thanks to that, the total shortfall will come in at 2.04% of the GDP which would be much lower than expected.
Further on, Pierre Moscovici said that the European Commission would closely monitor the implementation of these measures in the second half of the year. The Italian authorities should provide the European Union with the budget plan for 2020. The deadline for that is October 15, 2019. However, some analysts think that things may change by this time. Among such changes could be restructuring of the ECB Governing Council and a reshuffle of senior staff in the leading European institutions.
Read more: https://www.mt5.com/forex_humor/image/42199
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Метки: #forex_caricature |
Top 10 banknotes according to 2018 Bank Note of Year award |
The International Bank Note Society (IBNS) compiles a rating of banknotes with the most attractive design every year. Ten banknotes became winners last year. Among them, there is the collectable 100 ruble Russian banknote. Here we present the top 10 banknotes that were nominated Bank Note of Year award in 2018
Canada’s 10 dollar note
The Canadian 10 dollar note was recognized as Bank Note of Year by the IBNS. The note was issued on November 19, 2018. Businesswoman Viola Desmond, famous for fighting racial discrimination, is depicted on the one side of the banknote and there is the Museum of Human Rights in Winnipeg, Canada on the other side of the note.
Switzerland’s 200 franc note
The Swiss 200 franc note is the second on the list of the most attractive banknotes. It depicts a human hand with fingers pointing in the direction of the three spatial dimensions of the material world.
Norway's 500 Kroner Note
The honorable third place in the IBNS rating is occupied by the 500 kroner note from Norway. The salvage vessel of the famous Norwegian shipbuilder Colin Archer called RS 14 "Stavanger" is depicted on the banknote. Its colors are yellow and brown and its size is 70x147 mm. On the other side of the note, there is a silhouette of an oil platform.
Russia's 100 Rouble Note
Russia's 100 rouble note took the fourth place in the rating of the banknotes with the most attractive design. The note was released in 2018, the year when Russia hosted the FIFA World Cup. The note went into circulation on May 22, 2018. It is made of a polymer substrate. On the one side of the note, there is a boy with a soccer ball in hand and legendary goalkeeper Lev Yashin. On the other side, there is a soccer ball as a symbol of the globe with the outline of Russia on it and silhouettes of football fans.
Solomon Islands' 40 Dollar Note
The fifth in the IBNS rating is the 40 dollar banknote of the Solomon Islands. On the front side of the note, there is a map of the Solomon Islands and a person who blows into a seashell. On the back side, there are smiling children sitting in one canoe and a standing man with a paddle in another canoe. Nearby there is is a diver swimming with fish and a turtle.
Mexico's 500 Peso Note
Mexico's 500 Peso Note is the sixth in the rating of the most beautiful banknotes of the world. It was released on August 28, 2018. The Bank of Mexico states that these banknotes have additional protection, in particular, a color changing line, a watermark, an intaglio, and other distinctive features. The design of banknotes is based on the national history and heritage of the country. The front side of the note shows the period of Reform and Restoration as well as the portrait of President Benito Juarez (1806-1872). The value indicated in the upper right corner changes color from blue to green.
Mauritania's 50 ouguiya Note
Mauritania's 50 ouguiya note is on the seventh line in the IBNS rating. In January last year, the financial regulator of the country announced the release of a new series of banknotes. Five denominations were presented: 50, 100, 200, 500 and 1 thousand ouguiya. The colors of the new banknotes of Mauritania are pastel. The artists chose the traditional style of paper money without any redundant features. The nominal value of the banknotes, the country of issue and other details are given in both official languages: Arabic and French.
Bahamas' 20 Dollar Note
The eighth on the list of the most impressive banknotes is the Bahamian 20 dollar banknote. It was released on September 27, 2018. The new bill was released as part of the CRISP Evolution series. It has a vertical design. The main color of the banknote is magenta with shades of pink, green, orange, blue and yellow. On the front side of the note, there is Sidney Poitier, a famous American actor of the Bahamian origin. The banknotes also depict a map of the islands, the Paradise Island and the Coat of Arms of the Commonwealth of the Bahamas.
Armenia's 50,000 Dram Note
On the ninth line in the rating of banknotes with the most catchy design, there is the Armenian currency with a nominal value of 50 thousand drams. This large banknote depicts the statue of Saint Gregory the Illuminator. The priest holds a staff in his hand. The banknote has a watermark in the form of folded fingers.
Bolivia's 20 Bolivianos Note
Bolivia's 20 bolivianos note is the last on the list of the top 10 banknotes of the world according to the International Bank Note Society. This note was issued in Bolivia on July 3, 2018. The main color of this currency note is orange. The bill is made of 100% cotton and its size is 14x7 cm. Interestingly, all five new banknotes of the country are of this size.
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