Articles by: Svilen Petrovmm

Trans-Pacific Partnership agreement is on the final stage

November 2, 2017 9:42 amComments Off on Trans-Pacific Partnership agreement is on the final stage
Trans-Pacific Partnership agreement is on the final stage

Trans-Pacific Partnership is on the final stage, after New Zealand agreed to make amendments to its laws outside the scope of the TPP to prohibit the purchase of property by foreigners. The trade agreement includes eleven countries, after Donald Trump withdrew the participation of USA earlier this year. The Pact aims to eliminate duties on industrial and agricultural products in the 11-member bloc, which total trade amounted to 356.3 billion […]

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CME Group plans to launch futures on Bitcoin

9:15 amComments Off on CME Group plans to launch futures on Bitcoin
CME Group plans to launch futures on Bitcoin

CME Group plans to launch futures on Bitcoin in the fourth quarter of the year, but still waiting for the regulatory approval. Following the news, the Bitcoin rose to a record 6,400 USD and uptrend continue. “With growing customer interest in the emerging crypto-currency market, we decided to introduce futures on the Bitcoin”, said CEO of world’s largest futures trader CME Group, Terrence Duffy. The leading global exchange for trading […]

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US consumer spending growth exceeded analysts expectations in September 2017

October 31, 2017 9:44 amComments Off on US consumer spending growth exceeded analysts expectations in September 2017
US consumer spending growth exceeded analysts expectations in September 2017

US consumer spending reported its biggest growth in September for over 8 years. The Trade Ministry’s indicator is rising by 1% on a monthly basis, with the biggest positive impulse coming from utilities. In August, for example, the increase was 0.1%. The expectations of economists were for growth of 0.8% in September. A key factor in the September data of US consumer spending may also be the hurricanes Harvey and […]

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Britain’s share in European Investment Bank remains blocked for decades after Brexit

October 30, 2017 7:53 amComments Off on Britain’s share in European Investment Bank remains blocked for decades after Brexit
Britain’s share in European Investment Bank remains blocked for decades after Brexit

Britain’s billions of euros of UK may remain blocked in a European bank for more than three decades after Brexit. The European Investment Bank (EIB) states that UK share, which amounts to 16% from the bank’s capital, will not be withdrawable by 2054. Britain has a capital of 3.5 billion EUR (or 3.1 billion GBP) in the financial institution, which will remain blocked. Founded in 1958, the EIB used funds […]

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Core consumer prices in Japan rose in September 2017

October 27, 2017 7:50 amComments Off on Core consumer prices in Japan rose in September 2017
Core consumer prices in Japan rose in September 2017

The core consumer prices in Japan rose in September 2017, which is the 9th consecutive month of growing on annual basis. However, the CPI stalled on month-on-month basis. The data highlighted the difficult task of the central bank to reach its inflation target of 2%. The Central Bank of Japan is expected to not change its inflation forecast at its next week’s meeting. Much of the price rise in September […]

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