60 quotes overheard on Wall Street
The most accurate statements, overheard in the elevator of the most famous investment bank, from people who own almost all the money in the world There is a person on…

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Retail wins banking business
Retail wins banking business Last year was the most successful in the history of the retail business of VTB24 Bank. He again entered the top three most powerful banks in…

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How to make money on a rover
Where to start your career as a famous person, or how to earn your first working money or “build” yourself a decent side income? Make someone paint a fence instead…

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average price

The country’s infrastructure is thirsty for investment

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

It’s time to hold the horses on the lending market

The Ministry of Finance and the Central Bank of the Russian Federation consider it necessary to contain the rapid growth of consumer lending. The financial department, according to Deputy Minister Alexei Moiseev, supports the regulator’s proposals to tighten requirements for banks. Earlier in September, the Central Bank raised the interest rate from 8 to 8.25%, and a new increase may occur in November.

In turn, the Ministry of Economic Development believes that the increase in interest rates and the tightening the provision of funds to the economy by the monetary policy of the Central Bank significantly inhibits growth.

Since the beginning of the year, the portfolio of retail loans in the whole banking system in Russia has grown by 29.3%. At the same time, the annual growth rate was already 40%. And the volume of corporate loans increased by only 10.1%.

See also: Credit bonds for the iron horse Continue reading

Gold remains a reliable asset

The market of precious metals after the New Year surprises with its diversity. The search for fallback options for traders and investors leads to a natural increase in gold and silver quotes. Palladium and platinum remain outsiders amid the threat of US default. But interest in reliable assets does not exclude the possibility of correction in the near future.

On January 16, gold on the exchanges rose significantly after analysts at Credit Suisse Group and Danske Bank published their forecasts for 2013 and 2014. According to the Securities Market, the February Comex gold futures on the Comex NYSE rose $ 8, or 0.46%, to $ 1,677.10 a troy ounce.

Expert Christine Tuxen (Danske Bank) believes that the average price of gold this year will be $ 1,720 per ounce, but will drop to $ 1,600 in 2014. According to Tom Kendall (Tom Kendall) of the office of Credit Suisse in London, which leads the publication, we can expect a price of $ 1740 per ounce and $ 1720, respectively. The general opinion of foreign and Russian experts is that the average price of gold will reach record highs in 2013 due to the large volume of stimulation in various economies of the world, Prime emphasizes. So of all the precious metals, the position of gold looks the most confident. Continue reading

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