According to International Energy Agency, total quantity of plastic wastes in the world ocean may double by 2030, Bloomberg reports.
The largest coal producer in European Union plans to increase output of this fuel by 10% in next few years, in order to replace part of import, Bloomberg reports with reference to Polish government.
Shares in Europe fell along with US futures as US Treasuries yield continues to rise, Bloomberg reports. Dollar grew ahead of US payroll report. S&P 500 lost 0,1%, while Bloomberg Dollar Spot Index gained 0,1%.
German factory orders rebounded in August due to increase in export demand for investments goods, Bloomberg reports. This indicates that outlook for the largest economy in Europe is still positive despite of trade risks.
The largest chocolate producer in the world directed to East looking for growth opportunities after realized there is none in the US and Europe anymore, Bloomberg reports.
Based in Zurich Barry Callebaut AG agreed to buy Moscow-based Inforum to enter second largest chocolate market in the world.
Yesterday oil fell from the highest level in four years amid signs of increasing inventories in the country with the largest economy in the world, Bloomberg reports.
Oil prices growth above $100 per barrel will stimulate demand for electric cars, while leading world auto producers invest billions into their development, Bloomberg reports.
Fuel prices rose last month to four-year high, and this may influence customers’ minds that may consider making choice of battery cars.
According to Bloomberg, bonds selloff that caused increase of US Treasuries yield to the highest level since 2011 spread over Asia and Europe on Thursday. US Treasuries yield gained to 3,2%. German 10-year bonds yield grew to 0,53%, while British 10-year bonds yield increased to 1,663%.
Holiday retail sales in the US will grow in 2018 by 4,3-4,8% due to strong economy, Reuters reports with reference to National Retail Federation. But the growth will be lower than last year when customer spending reached the highest level in 12 years.
Sales gains will however exceed average for five years, which is 3,9%.
Iceland may face the same problems as ten years ago, when the country was caught up by financial crisis, Bloomberg reports.
Then tourism along with foreign money that it brings into the country helped to get out of crisis. Today the sector is slowing down, while airline faced growing problems after years of rapid expansion.
World Bank reduced the estimate for economic development pace of East Asia and Pacific region, Reuters reports. Among reasons are global trade tension risk and volatility of capital flows.
While investors in the US celebrated one more profitable quarter, equity holders in Hong Kong are hoping that October will bring the end to five-month losses, Bloomberg reports.
On Tuesday Hang Seng index lost 2,4%. As a whole, index demonstrates one of worst results in the world. Last time it showed such losses in 2011.
