China wants to completely prohibit trading bitcoins, and not just on exchanges.

Digest#26 from DTI

Below you will find a selection of interesting articles from news resources. You can use the content list to select a topic of interest, or browse/hide it, and see the entire collection of news. Pure numbers, facts, food for thought.

Contents:

Economics

The sovereign debt of developing countries has doubled to $ 11.7 billion over the past 10 years. However, their risk decreased, as they became more likely to issue bonds denominated in national currency and having a longer maturity. Read more FT.com

It is expected that the Federal Reserve System on Wednesday will not raise interest rates and will continue to wait for a more obvious acceleration of inflation. Read more FT.com

Hopes for a sustainable economic boom in India have not materialized, and since early 2016, the country's GDP growth has slowed. This creates problems for the government of Prime Minister Narendra Modi. Read more FT.com

to menu ↑

Industry

Military-industrial company Northrop Grumman will acquire competitor Orbital ATK for $ 7.8 billion on the back of consolidation of the industry. Read more WSJ.com FT.com

Aluminum producer Sapa will again open its plant in Wales due to the growing demand from manufacturers of electric vehicles. It will supply metal for the production of hybrid London cabs. Read more FT.com

Finance

China wants to completely prohibit trading bitcoins, and not just on exchanges. This will test whether the decentralized virtual currency system protects it from government pressure. Read more WSJ.com

Chinese regulators are trying to stop the boom in investment in the financial and technological sector, increasing pressure on the industry. Read more WSJ.com

Chinese online insurer ZhongAn Online Property & Casualty Insurance plans to raise up to $ 1.5 billion during the IPO. The company, supported by Alibaba, can be valued at about $ 10 billion. Read more WSJ.com

The Bank of America closed nearly 1,600 branches after the financial crisis. Previously, his strategy was "the more the better," but now he wants to focus on working in densely populated areas. Read more WSJ.com

British regulators are preparing to conduct an antitrust investigation in the field of investment consulting. Read more FT.com

to menu ↑

Technology

New expensive iPhone X and Samsung Galaxy Note 8 will allow you to test the economic theory of demonstrative consumption. According to it, the demand for some products can grow due to sky-high prices. Read more WSJ.com


Also published on Medium.