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Tag Archives: bloomberg

Bidzina Ivanishvili Ranks 276th in Updated Rating of Billionaires

The Bloomberg agency has published an updated rating of the world’s 500 billionaires. In the rating Georgian billionaire Bidzina Ivanishvili ranks 276th with 5.52 billion USD. The rating is topped by Microsoft founder Bill Gates with 85.6 billion USD. American businessman Warren Buffet ranks second with 78.9 billion USD and …

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Bloomberg Estimated Georgia As High-Risk Country in Terms Of Investment

Bloomberg has published a map of global risks. In particular, the agency  estimates threat that will be relevant for various countries in 2017. They are defined by 29 indicators, including financial, economic, and political risks facing investors. The map shows  4 main components – reserves, unemployment, inflation, and currency fluctuations …

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GEL has Strengthening Trend on the Foreign Exchange Market

GEL has strengthening trend from January 9. According to official exchange rate, GEL has devaluated against USD by 6 tetri through this period, from 2.7674 to 2.7084. GEL has strengthened further from Tuesday morning on the foreign exchange market. Cost of 1 USD totals to 2.66-2.68 GEL in the foreign …

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Don’t Try to Buy Dollars in Azerbaijan’s Capital

Azerbaijan is in the grip of a fresh currency crisis. Dollar sales in the Azeri capital have all but seized up as demand from households still reeling after two devaluations last year leaves most banks running on empty, with the manat plunging the most globally against the U.S. currency on …

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The World’s Worst Currency Is in a Record Slide

MONGOLIA TUGRIK

Mongolia’s tugrik, the world’s worst-performing currency in August, is in its longest losing streak on record as the nation’s government seeks ways to stabilize an economy it says is in the grip of a crisis, according to Bloomberg. The currency weakened a 22nd day to 2,243.50 per dollar. In the …

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Bitcoin Plunges, Rebounds After Hackers Steal $65 Million

Bitcoin plunged, then erased losses Wednesday as one of the largest exchanges halted trading because hackers stole about $65 million of the digital currency. Bitcoin was little changed against the dollar as of 10:03 a.m. on Wednesday in New York, after sinking as much as 15 percent. Prices dropped 7.8 …

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Bloomberg: Deutsche Bank’s Russia CEO to Resign

Deutsche Bank AG’s head of Russian operations, Pavel Teplukhin, will step down in August as the German lender scales back its local business in the wake of a money-laundering scandal. Teplukhin, 52, will remain on the bank’s Russian supervisory board and his executive responsibilities will be transferred to the chairman …

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Ikea Billionaire Wears Second-hand Clothes to Save Money

Ikea Billionaire Wears Second-hand Clothes to Save Money

The billionaire Ingvar Kamprad does not mind wearing used clothes at all in therms of saving money. Kamprad is the founder of multinational group of companies Ikea, which is specialized in trade with home furnishings. Ikea was founded in 1943 by Ingvar Kamprad. Featuring Scandinavian modern style furniture and accessories. Include storage options, lighting, …

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Rising The Popularity of Apple SmartWatches on Georgian Market

Rising The Popularity of Apple SmartWatches on Georgian Market

Georgian Business is content with the sales of Apple Products. Mamuka Margishvili, who is the founder of the company Iphone+ and the marketing manager states that after Iphone and Ipad the most demanded product is Apple Watch, so-called SmartWatches. Thus, he points out that the cost of those watches is …

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China Stocks Plunge to 13-Month Low

China Stocks Plunge to 13-Month Low

China’s stocks tumbled to the lowest levels in 13 months amid concern capital outflows will accelerate as the economy slows and support for the yuan eats into the nation’s foreign reserves, Bloomberg reports. The Shanghai Composite Index plunged 6.4 percent to 2,749.79 at the close. All industry groups slumped, ranging …

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