New to Conotoxia: instant funding method for money transfers in 6 countries available across 38 leading banks
The Conotoxia platform now includes the service of quick money transfers from banks in Sweden, the Czech Republic, Finland, Estonia, Lithuania and Latvia. The platform’s customers from these countries are now able to use an instant funding method to carry out money transfers at a lower cost.
"For weeks now, the world has been facing oil prices between 70 and 85 USD per barrel. In Canada, however, some types of oil are sold at 20 USD. How is it possible?" writes Marcin Lipka, Conotoxia Senior Analyst.
In the last hours, blood was pouring on the markets. American stock market indices have lost 3-4 percent of their value. Similar drops were seen in Asia and will probably be repeated also in Europe. There may be many reasons for a dramatic discount, but Donald Trump has one of the most interesting explanations. It is the Fed, the American central bank is "crazy",” writes Marcin Lipka, Conotoxia Senior Analyst.
"Desperation - no other name can be given to the actions presented by the Turkish Ministry of Finance this week. The bold plan to fight inflation turned out to be a farce, which instead of reducing economic threats to the country only and exclusively increases them," writes Marcin Lipka, Conotoxia Senior Analyst.
"Deteriorating foreign exchange reserves, high trade and budget deficits, a currency that is weakening before your eyes and the 13th request for financial assistance from the IMF. All these elements are serious threats to Pakistan's stability, but what impact can they have on the global economy?" asks Marcin Lipka, Conotoxia Senior Analyst.
"The fact that the GDP of individual US states is larger than that of many countries should not come as a surprise. Their surface area often exceeds even the size of a medium-sized country. However, is it possible for a single district of New York to have a GDP higher than the whole of Poland?" writes Marcin Lipka, Conotoxia Senior Analyst.
Consumer prices in Turkey increased by more than 24% over the year. Producer inflation was almost twice as high at that time. In addition, indicators predicting the economic situation relentlessly suggest a recession. Most of Ankara's problems are the result of a completely irresponsible economic policy aimed at immediate stimulation of the economic situation through ineffective infrastructural investments," writes Marcin Lipka, Conotoxia Senior Analyst.