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Friday, 29 July 19:31 (GMT -05:00)



Business And Politics News

Greek issues push price up


Exchange news. The issue of possible default in Greece is extremely topical. Last weekend Athens officially claimed that the country cannot cut its expenditures, as required by the agreements. This, in its turn, casts doubt on the possibility of Greece to receive mutual assistance credit from European Central Bank.

This discouraging claim was followed by a less shocking claim from the European Union management. To be more specific, this claim concerned a temporary suspension with deciding to provide another money tranche to Athens. It had been expected that the decision of providing financial aid would be announced during a special meeting on October 13, but it has just been revealed that there will be no meeting. The decision of providing money trance is expected to be announced during the summit of European Union leaders on October 17.

Unfortunately, this proves that this year Greece is unable to change budget deficit according to the requirements. However, Athens keep worsening their condition by discussing economy measures with ECB, as their main target is to receive 8 mln. Euro from the credit that was confirmed in 2010. Another wave of recession is likely to start because of complicated and lasting negotiations between ECB and Greece. Quotations of Brent and WTI oil futures have immediately reacted to this by a more than 1 dollar decline.

Perspectives of economic growth influence oil price. At this point, signals about countries’ negative development are many. It concerns countries in Europe, the USA, and developing countries, such as China, which eased the loss of world economy in 2008.

Brent grade oil prices are currently checking the support of 101 dollar per barrel, as explained by the analytics of Forex Academy and Masterforex-V Futures Trade and Stock Exchange. This is the fourth attempt for 5 months. Passing the level will make it possible to reach the target of 90 dollars per barrel.

 

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On Some Aspects of Brexit

As you probably know, London is getting ready for the Brexit after the people of Great Britain chose to quit the European Union during the Brexit referendum held on June 23rd 2016.  

 

 
Publication date: 26 July 07:27 AM

British Banks Get Their Ratings Cut After Brexit Referendum

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BOE Predicts Volatility In British Markets

According to Mark Carney, Governor of the Bank of England, the Brexit-related risks have already started implementing themselves. That’s why he predicts increased volatility in the local economy and financial markets.

 

 
To be more specific, the BOE Governor assumes that the risks associated with the UK’s decision to quit the European Union are already there and affecting the entire economic and financial system of Great Britain. This is what is said in the recent report on the UK’s financial system, which is released twice a year by the Bank of England. The thing is that the Brexit is eventually going to trigger a long-term period of economic and financial uncertainty in the United Kingdom, which will make the UK adapt to a new reality.
Publication date: 13 July 04:14 AM

Brexit Delays Fed's Interest Rate Hike Until 2018

As expected by many international experts, the Brexit referendum results have had a serious impact on many of those international processes. According to Bloomberg, this is going to be the key reason for the Federal Reserve to delay another interest rate cut until 2018.

 

 
Publication date: 12 July 05:43 AM

Scotland Will Exit UK Before Brexit, J.P. Morgan Experts Say

According to the analysts of J.P. Morgan, one of the biggest banks in the USA and the entire world, Scotland will hold a referendum to quit the United Kingdom and get complete independence. By 2019, the local authorities will have introduced their own national currencies to replace the British Pound. This is what The Daily Telegraph reports with reference to Michael Barr, who is the the leading expert at J.P, Morgan.

 

 
Publication date: 12 July 05:01 AM

Soros Predicts EU Disintegration After Brexit

According to George Soros, the world-famous billionaire and investor, the Brexit, which stands form the Great Britain’s exit from the European Union is nothing but the worst nightmare coming true. He says that after the United Kingdom finally leaves the European Union, the disintegration of the E.U. is going to be just a matter of time.
 
Publication date: 09 July 08:30 AM

Experts on How U.K. Is Going to Leave the E.U.

As you probably know, during the recent referendum held in the United Kingdom on June 23rd, 2016, the people of Great Britain decided to quit the European Union. This is a truly historical event capable of changing the economic and financial situation in Europe. At this point, the British government is busy solving a number of urgent issues, including the EU membership.

 

 
Publication date: 06 July 04:36 AM

Fitch Cuts U.K.'s Long-Term Credit Ratings

As you probably know, on June 23, 2016, the United Kingdom held the so-called Brexit referendum to decide whether the folks want to stay in the European Union. As the result, they decided to quit the EU. So, the Brexit scenario is underway and is already affecting Great Britain’s economic prospects.
 
Publication date: 06 July 04:05 AM

London Officially: 75 Percent for European Union

Results of the referendum held in the business center of London have been processed.

 

City men are against Great Britain’s exit from the EU. This is demonstrated by vote in London City, where 75 percent of voters have said a firm “no” to Brexit.

 

Publication date: 25 June 03:24 PM

Most British Citizens Support Brexit

According to The Independent, with reference to the recent survey conducted by the ORB, 55% of the U.K. citizens support the idea of quitting the European Union, which is also known as the so-called Brexit. Apparently, the remaining 45% still want to stay in the European Union. It is interesting to note that 12 months ago, the entire picture was the opposite.

Publication date: 14 June 09:33 AM