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The US dollar has been trading in different directions over the past week due to the lack of significant macroeconomic events and statistical reports. The euro felt more confident in the week than other currencies, which behaved much more modestly. But market optimism is gradually beginning to fade.
The results of the week disappointed investors – none of the events that had high hopes justified itself. The ECB has completely denied rumors about limiting the growth of peripheral bond yields, and officials could not give clear comments on the future fate of Greece. EUR / USD completed trading at 1.2512, while GBP / USD – at 1.5802.
As for the dollar, in the absence of important events and in anticipation of the publication of the minutes of the last meeting of the US Federal Open Market Committee (FOMC), it gradually increased from Monday to Wednesday. According to the Forex Club, “market participants, impressed by recent macroeconomic statistics, have expected committee members to be more optimistic about their immediate prospects for economic growth than a month earlier. However, the” minutes “turned out to be quite negative. “which gave reason to believe that QE3 is just around the corner. Accordingly, the dollar fell under pressure, and the USDX index dipped 1.8% from weekly highs.” Continue reading
Insurance at first glance seems to be a serious form of economic relations, designed to protect people, their property and affairs from all sorts of dangers. However, if you dig deeper, it turns out that the insurance industry is a repository of funny human phobias, illusions and stupidities. There are frequent cases when people are insured against otherworldly things.
For example, it was said that a group of organizers of the esoteric festival turned to the Latvian insurance company Balta with an unusual request – to insure them from the end of the world, which, according to the Mayan calendar, is supposedly expected on December 21 of this year. However, this is not so rare.
In Germany, for example, there are unusual types of insurance business that Sir Hucklebury offers. The company insures against 50 “vicissitudes of fate”. Insurance rates range from 12 euros per year, depending on the nature of the vicissitudes …
In addition, “Sir Huckleberry” insures against getting stuck in an elevator, shooting with a hidden camera for the purpose of rallying, double-marriage, the disappearance of an erection in men, the collapse of a particular musical group. Continue reading
As part of the third day of Mosinterfin-2012, work began with a plenary strategic session “Attracting Investments in Infrastructure Projects in Russia: Actual Problems, Models of Solution”. At the same time, intersectoral sessions were held on construction projects, healthcare, energy and the jewelry industry, and the expert session “Investment climate in Siberia and the Far East: tools for global warming.”
Alla Gryaznova, President of the Financial University under the Government of the Russian Federation, First Vice-President of the International Public Organization “GUILD OF FINANCE”, said that after the 2008 crisis, the need to create a self-sufficient platform for discussing, including investment in the Russian economy, led to international financial weeks in the capital .
In a welcome letter from President of Russia Vladimir Putin to the participants of Mosinterfin, it was noted that the forum “is gaining its face and traditions, becoming a noticeable, tangible event in the life of the professional community.” The head of state also noted that “a lively, multifaceted dialogue is extremely useful for developing consolidated approaches to pressing financial and economic problems, the main of which is the development of the financial market in Russia, its integration into the global financial system, the formation of a comfortable investment climate, and ensuring global financial stability ” Continue reading