Airlines feel the corona virus pain


The aviation sector is hit hard by the problems surrounding the new corona virus. Earlier Air France-KLM came with a profit warning for the current quarter, now also easyJet and British Airways mother IAG, and Finnair warn against negative consequences. The British low coster easyJet, one of the largest users of Schiphol, is struggling with a declining demand for air travel to northern Italy...

US tries to protect Boeing by imposing extra tariffs to EU-made planes


The United States increases the import levy on European-made aircraft. The new 15 percent rate will start on March 18, reports the US trade representation USTR. An import tax of 10 percent still applies. The import tariff is part of the retaliation measures taken by the US due to illegal European subsidies for aircraft manufacturer Airbus. The World Trade Organization (WTO) stipulated last year...

Prospects of lower Asian demand plunged the oil price


The oil price fell sharply on Monday for fear of the corona virus. The outbreak of that disease in Asia may depress fuel demand. Saudi Arabia said it was keeping a close eye on the situation but still seeing little difference in the demand for oil. The price of a barrel of oil (Brent) fell 2.2% early Monday morning and cost $ 59.37 per barrel after China announced new contagion rates. Analysts...

Less demand for oil and travel because of the corona virus worries


Oil prices were under pressure on Thursday due to concerns that oil demand could be hit by the corona virus in China and other countries. Because of the virus, for example, there could be less demand for air travel, which means that less kerosene is needed by airlines. The price of a barrel of American oil recorded a minus of 1.6 percent on $ 55.84 on Thursday in Singapore. Brent oil dropped 1.3...

Malaysia Airlines suspended the infamous 737 Max jet order


Aviation company Malaysia Airlines has suspended the order for aircraft of the type 737 MAX at Boeing this year. It is therefore the first airline in Southeast Asia to take such a step, since the aircraft have been grounded for safety reasons worldwide. This after two fatal crashes in a short time. Malaysia Airlines came to the decision, because it is still unclear when the jets will be put back...

Gold and oil prices are growing after US assassination of Iranian war leader


The price for a barrel of Brent oil was 2.4 percent higher at $ 70.26. Tensions increased further during the weekend. US President Donald Trump threatened retaliation if Iran “did something.” Iran vowed to take revenge again for the deadly attack on Soleimani. Attacks on Saudi oil fields could seriously disrupt the oil supply. There is also a fear that Iran will attack oil tankers in...

Kenes Rakishev acquired a stake in Amanat Insurance

Kenes Rakishev

The National bank has given Kenes Rakishev a permit to acquire the branch of Amanat insurance company. It will be incorporated into businessman’s own Fincraft Investment House. Amanat reported in the last days of December that the deal is on the way without disclosing further details. “As soon as will come to solution we will tell it. I can say for sure: participation of a new shareholder will be...

Investing in 2020: shares, bonds or cash?


After the wonderful stock market year 2019 you naturally ask yourself where you should put your money in 2020. In shares? Is it smarter to switch to bonds and bitcoins? Or is it time to hold cash? RTL Z toured the fields. In the past year you were on the right track with almost everything: stocks, bonds, bitcoins, houses and commodities such as oil, gold and silver. Will 2020 be that beautiful...

The banking sector is scrapping tens of thousands of jobs


The slower growing economy and increasing digitization are having a negative impact on employment in the banking sector. This year, banks announced the cancellation of nearly 78,000 jobs. That is the highest number in the industry in four years, calculated Bloomberg news agency. European banks accounted for the lion’s share, almost 82 percent. That also has to do with the negative interest...

Poland continues to be frustrated with fulfilling European climate ambitions


EU President Charles Michel’s green “Man on the Moon” project got into trouble in Brussels early in the morning during the launch. “Brussels, we have a problem.” Poland, one of the passengers, refused to board. Whereas 26 European government leaders promised that Europe would become the first climate-neutral continent in the world (net no CO2 emissions) in 2050...

Recent Posts