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Economics Gazette

Economy and Business news

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November 19, 2019

Markets

bitcoin cash

Analysts expect significant increase in the value of Bitcoin Cash

Analysts expect significant increase in the value of Bitcoin Cash and a decline in the Ether, according to report titled “CryptoLoulutes: Past, Present and Future”. In the analysis, the experts used historical data and algorithm to predict that Bitcoin Cash could reach 2,000 USD by May 2018, which reporesents an increase of 130%. The survey

customs duties

American customs duties may confront Germany and France

Germany is ready to offer trade concessions to the US in order to prevent the imposition of customs duties on European aluminum and steel imports, demonstrating its differences with France regarding methods of avoiding a trade war. The authorities in Berlin are ready to discuss with the European Union any options to counteract the US

Hong Kong housing sales

Hong Kong housing sales have risen by 34% in February

Hong Kong housing sales have risen by 34% year-on-year in February, although the month is traditionally weaker for the property market. On a monthly basis, the sales grew by 4%, while those for luxury market segment of over 10 million HKD rose by 26% mom and 55% yoy. The Hong Kong housing prices keep their

Francois-Philippe Champagne

Canada called to keep up the pillars of the world trade

While the US and China are approaching a trade war, Canada has called on all countries to work to keep up the pillars of the world trading system. “We must take care of the organizations that are the cornerstone of the global economic order”, said the Canadian Trade Minister Francois-Philippe Champagne. Speaking after several days

Venezuela

Venezuela denominate its currency to cope with heavy inflation

The Venezuelan President Nicholas Maduro announced plans for denomination of the national currency to cope with heavy inflation. The plans include removing of the three zeros from the value of Venezuelan bolĂ­var. The measure will come into force in early June, attempting to ease the inflation pressure over the country and the payments. Venezuela suffers

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