Should the Fed continue with two more interest rate hikes in 2017, many commentators are of the opinion that the US will have a recession in 2018. The Fed`s intention to trim its balance sheet, if put into practice, will mean turmoil in the bond market as the Treasury will have to issue more bonds to cover the deficit of $670B with the national debt currently at $19.96T. The Fed will probably end up having to buy some of the new debt, thereby foiling its efforts at rebalancing its balance. October is at present the most likely month for a stock market correction or crash according to some observers.
Visa has declared war on cash and its "opening salvo" is to start paying restaurants $10,000 to go completely cash free. The credit card giant is this week announcing a new plan to hand out thousands of dollars to up to 50 small food and restaurant vendors if they agree to stop taking cash. If a restaurant opts in, it'll get a $10,000 gift from Visa, which can be used to pay for technology upgrades and marketing. Those tech upgrades could mean installing platforms that that accept payments from phones, smart watches or other devices. In return, Visa wants the merchant to agree to stop accepting cash, the company said
Only half of restaurant tippers fall within the gratuity sweet spot of 16 to 20 percent, according to a new report by CreditCards.com. The study, a survey conducted last month, examined tipping behavior at restaurants, hotels, coffee shops and hair salons. It sampled 1,002 adults who used cash, credit or debit cards. It found that the most generous tippers in the U.S. are Republican men who live in the Northeast and use a credit or debit card. They generally tip at a median of 20 percent when dining at a sit-down restaurant.
Over the past week, the Bitcoin price and Ethereum price went into a nosedive. The bitcoin prices crash below $2000 and the ethereum prices crash below $140 over the weekend in a broad based correction. Though the ethereum prices have since recovered to come back towards the $160, the bitcoin prices continue to trade below $2000. These two cryptocurrencies have been making waves the world over in 2017, with punters/traders making big bets on more price increases.
Biotechnology is defined as the use of living systems and organisms to develop or make products, or "any technological application that uses biological systems, living organisms, or derivatives thereof, to make or modify products or processes for specific use" (UN Convention on Biological Diversity). The recent dramatic improvements and progresses in research and achievements in this sector reveal a considerable potential for the improvement of the quality of life but also for the creation of economic value. Therefore, biotech can be considered as key industry for the century.
Switzerland and Indonesia launched an economic cooperation and development strategy for the 2017-2020 period on Friday, renewing the European country's commitment to support economic development in the archipelago for the next four years. The offer was launched during Schneider-Ammann's two-day visit to Indonesia. Cabinet Secretary Pramono Anung said that the two countries saw a sizable bilateral trade improvement in the past three years at 238 percent.
British airline EasyJet said Friday it had applied for a new air operator's certificate in Austria to allow it to continue flying in the European Union after Brexit regardless of the outcome of negotiations. The application "will allow easyJet to establish a new airline, easyJet Europe, which will be headquartered in Vienna and will enable easyJet to continue to operate flights both across Europe and domestically within European countries after the UK has left the EU," it said in a statement.
U.S. construction and fracking major Halliburton expects that the worst crude crash in a generation will lead to a spike in oil prices by 2020., according to World Oil. Tumbling oil prices brought on by a glut of global oil has forced the industry to slash about $2 trillion in investments, according to the world’s biggest fracking provider. The oil industry has lost $2 trillion in investments due to chronically low prices, said Mark Richard senior Vice President for global business development at the World Petroleum Conference in Istanbul on Wednesday.
Switzerland has earmarked an amount of $80 million to support the enhanced competitiveness of Ghanaian enterprises in the global market space, as well as help in government’s efforts at diversifying the Ghanaian economy. Ghana has been classified by Switzerland’s State Secretariat for Economic Affairs (SECO) as a priority country for economic development, resulting in the signing of the Swiss co-operation strategy for Ghana.
The manipulation of the prices of precious metals is already well-known, and even so no criminal proceedings have been undertaken against the central banks, which also buy stocks. This has had as a consequence that the prices of equities are at the moment artificially high. Investors should take profits now.
Regulierung – seit der Finanzkrise prägt der Ruf nach mehr Kontrolle das Banking: Wegen regulator
Die Fonds-Konferenz der SKSF ist eine wichtige, branchenspezifische Plattform für Wissens- und Erfa
2 evenings to find out about the latest from the digital industry & 2 days to find ideas and to crea
ICDA will return this year to its alpine home for the 38th Bürgenstock Meeting.
The objective of the Conference is to bring together all the diverse stakeholdersinterested in a pol
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