Articles by: Svilen Petrovmm

Brexit deal is still a long way off

September 20, 2018 1:06 pmComments Off on Brexit deal is still a long way off
Brexit deal is still a long way off

European Commission President Jean-Claude Juncker said that the Brexit agreement with the UK is still far away. The officials from the two negotiating parties said most of the Brexit treaty was completed, but there are serious differences about trade conditions and the border with Ireland. These differences can also lead to a failure in the talks. Meanwhile, the British Prime Minister Theresa May urged the EU leaders to take an […]

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The EU presented its ideas for reforming the World Trade Organization

September 19, 2018 10:08 amComments Off on The EU presented its ideas for reforming the World Trade Organization
The EU presented its ideas for reforming the World Trade Organization

The European Commission publishes its ideas for a reform of the World Trade Organization (WTO) to overcome market distortions such as those in China and prevent the US from leaving the organization. A day after the US President Donald Trump triggered another round of duties in the trade war with China the European Union presented its ideas to combat subsidies distorting the market. Donald Trump said last month that he […]

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The Swedish krona has responded positively to the election results

September 10, 2018 3:30 pmComments Off on The Swedish krona has responded positively to the election results
The Swedish krona has responded positively to the election results

The forex markets take a breath with relief after the elections in Sweden. The investors are once again turning to the local krona after the nationalist and anti-immigrant “Swedish Democrats” have received fewer votes than market participants were afraid of Sunday’s parliamentary elections. As a result, the euro fell by 0.7% to 10.42 SEK. One dollar costs 9.02 SEK, down by 0.5%. Participating in a government of Swedish Democrats would […]

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Iran allowed importing foreign currency and gold

September 8, 2018 12:39 pmComments Off on Iran allowed importing foreign currency and gold
Iran allowed importing foreign currency and gold

Iran has allowed forex exchange bureaus to start importing foreign currency. That seems to be an attempt to prevent the Iranian rial from collapsing to a new low against the US dollar. The Iranian currency lost about two-thirds of its value this year, and earlier in the week it fell to a record low of 150,000 IRR per USD. Today, the rate has risen to 130,000 IRR per USD in […]

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Retail sales in the UK are rising unexpectedly in August

August 26, 2018 7:15 amComments Off on Retail sales in the UK are rising unexpectedly in August
Retail sales in the UK are rising unexpectedly in August

Retail sales in the UK are rising unexpectedly in August, but large retail chains forecast a sharp fall in employment over the coming months. The Confederation of the British Industry (CBI) reported retail sales growth in August, but according to the survey, traders have lowered their expectations. “The summer heatwave has kept shoppers out on the high street, with consumers splurging on food and drink for barbecues and garden parties”, […]

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