Russia is ready to discuss an extension of a global deal between OPEC and other countries to cut oil output in Vienna on November 30, TASS news agency quoted the Energy Minister Alexander Novak as saying on Friday. The Organization of the Petroleum Exporting Countries, Russia and several other major producers cut their combined output by about 1.8 million barrels per day since January to reduce bloated inventories and boost oil prices.
In line with expectations, the cable continued to gradually moving to the bottom after making a rebound from the upper edge of a currently active ascending channel that was additionally secured by resistance line at the 1.3338 mark. In first hours of this trading session the pair managed to bypass the weekly R1 at 1.3300 and the 55-hour SMA at 1.3293, which suggests that the rate is likely to reach the opposite side of the channel by the end of the day.
Switzerland said Thursday it will provide more than a billion dollars in development aid to the European Union, as Bern seeks to stabilise its messy ties with Brussels. The 1.3 billion Swiss francs ($1.32 billion, 1.1 billion euros) will be spread over ten years and will target lower income countries in central and eastern Europe, a statement said. The funds are "intended to reduce economic and social disparities in Europe, which is in Switzerland's economic and political interest", it said.
On November 23, Ethereum price reached a new all-time high above $400 barrier, currently trading at $400.84 nearly 10% from yesterday, according to the CoinMarketCap. With its recent surge in price, the market valuation of Ethereum has moved closer to the $40 billion mark, a market cap that is larger than seven of the 10 largest cryptocurrencies in the market combined, with the exception of bitcoin and Bitcoin Cash.
In 2012, Washington and Colorado became the first states to legalize recreational marijuana use. By 2020, it’s expected that marijuana will grow to a $21 billion a year industry. ETF investors who have been clamoring for a good way to get in on the cannabis trend have largely been unserved. There’s the recently launched Horizons Marijuana Life Sciences ETF (HMMJ) but that only trades on the Toronto Stock Exchange. That’s about to change as the ETFMG Alternative Agroscience ETF is scheduled to begin trading later in December.
Large natural catastrophe losses in 2017 and current low prices are expected to push up pricing in non-life insurance and reinsurance, according to Swiss Re Institute’s Global Insurance Review 2017, and Outlook 2018/19 report. The string of natural catastrophes in the second half of 2017, including hurricanes Harvey, Irma, Maria, earthquakes in Mexico, and wildfires in California, could cost the industry an estimated US$95 billion and lead to a combined ratio in the U.S. property and casualty insurance sector during 2017 of 109 percent, up from 101 percent in 2016.
Investing in the stock market has been shown to be the most efficient and effective way of turning money into more money, and yet 61 percent of millennials say they're afraid of getting started. Overcoming that fear, though, could pay off. Just look back 10 years. Financial website How Much took a look at some popular stocks in 2007 to find out how much a $1,000 investment in each would be worth now, as of October 31.
Bitcoin has had an exciting year. It has split in two, become more accepted as a form of payment, and soared in value, now resting above $8,000. There’s also that small matter of the Chicago Mercantile Exchange (CME), the world’s leading derivatives marketplace, announcing plans to introduce bitcoin futures in 2017 — an announcement that some credit with pushing the cryptocurrency above the $8,000 threshold.
A consortium of nine large companies — including UBS, Credit Suisse, Swisscom, Swiss Post, SIX, Raiffeisen, Swiss Railways, Zuercher Kantonalbank and Mobiliar — will enable Swiss consumers to use a single digital identity when making eCommerce purchases. The aim is to let people use just one login profile to order in shops, buy train tickets or do banking transactions, According to a report in Reuters The group aims to create a joint venture in 2018.
Banks and financial institutions of particularly intrinsic importance to the global financial ecosystem are sometimes blithely referred to as "too big to fail". A more sober term is 'global systemically important banks', or G-SIBs for short. In the aftermath of the financial crisis, at the 2009 G20 summit, an international body called the Financial Stability Board (FSB) was set up, its aim being to monitor the global financial system and make recommendations, when it deemed appropriate. The 2017 list was published on Tuesday and it makes for interesting reading.
The caspian week conference is a meeting point of visionaries, market leaders and experts with the f
The climate transition creates opportunities and risks, and financial institutions and corporations
Seit über 30 Jahren ist die ZfU International Business School Gastgeber für die angesehensten Inve
Over 150 Fintechs CEOs from all over the world will be in both panels & interviews and on this stage
From 2018 onwards, Switzerland’s financial fair will only be open to professional investors. This
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