Jacob Solomon's group - M2015(B)

this article shows how some regulations in some countries could effect export of other countries and how the WTO handles the situation to ensure fare trade.  

This article deals with the quota put on the big nation's extreme fishing. The problem is that the nations ignore the quota and therefore there are species that are on their way to becoming extinct.

Talks are taking place between the EU and the USA to create the worlds biggest free trade area. In many goods the US is seen to have an absolute advantage in producing many goods but they also rely on European countries to provide many components to US businesses. This trade deal, although opposed by Unions and other activitists is seen by many to be vastly beneficial to the two parties.

The Impacts of Free Trade This article concerns the weight of the USA on their free trade agreements (such as: NAFTA). This article s specifically concerning the area of Southern Florida. It also mentions how the USA has been under performing in the trading field compared to all its trading partners.

There is currently a stalemate between Washington and Tokyo: the US is urging Japan to lower tariffs on agricultural imports. Japan claims it must protect some sensitive agricultural products but the tariffs are kept high to protect politically important farmers.

This article is about tariffs, as tariffs on imported coal of up to 6% will take place in China, in order to give local coal miners the opportunity to rise their prices as they will become more demanded. 

Australia, Russia exports seen hit; Indonesia to be exempt * China thermal coal futures, China shares of top coal firms rise (Adds analyst's comments, coal futures and coal firms' shares) By Fayen Wong SHANGHAI, Oct 9 (Reuters) - China, the world's top coal importer, will levy import tariffs on the commodity after nearly a decade, in its latest bid to prop up ailing domestic miners who have been buffeted by rising costs and tumbling prices. China will levy import tariffs between 3-6 percent.

This article explains how South Korea is now imposing an extremely high tariff of 513% on foreign rice (mainly from China) on top of the already existing quotas to try to protect the domestic market even more

example of possibe effects of a tarrif

This article presents how a report done by the Monetary Policy Committee of the UK has lead to the value of the pound falling slightly against the dollar. This shows how the direct action of a central bank (here refusing to increase the interest rate) can impact the exchange rate.

Three traders, who called themselves the "Three Musketeers", worked in big corporate banks and that met in a chat room to coordinate their buying and selling to shift currencies to their favor. Regulators have caught onto what these traders and banks have been doing and fined them with a fine over $4 billion.

this article demonstrates the effectivnes of having a fixed method of exchange rates for LED'C's. it alows them more stability and therefor more prospects for trade

This article talks about how a group of people is considering creating their own currency.This raises many questions as would it be acceptable and what s the outcome on the rest of the world's economy especially that gold is intend to be used. 

Regulators have imposed fines on six major banks for rigging foreign exchange markets. George Osborne argues that action have been taken in order to clean up corruption so there will be a financial system that works for everyone. 

The article concerns over the depreciation of the Ruble over the recent months that have passed. It was predicted that the Ruble would reach approximately 32.86 Rubles to the US dollar. However last month (November 1st to be exact), the Ruble reached a staggering 43 rubles to one US dollar. Being a 30 percent increase before the predicted depreciation. It has depreciated so suddenly and so quickly that the value is being measured, monitored, and shown by the minute rather than the day. Thus creating panic.

Despite the Russian Central Bank's spending of $40 billion over the last two months, the ruble has been significantly dropping for weeks. The price of 1 USD was 32.86 rubles in January, but is now 43 rubles, a drop of over 30%. Food prices in Russia have sky rocketed, dairy and meat costing over 10% more.

This article is about one of the less mainstream currencies that exist: Bitcoin. This is an online currency that has genuine potential, but, as the article explains, one of the biggest obstacles to mainstream adoption for bitcoin is its price volatility. The unpredictable price volatility means that for the vast majority of people, the currency is impossible to use as it would be too risky. The payments that ARE made with Bitcoin are immediately converted into real currencies, defeating the point of Bitcoin.

Great article. Really informative. I actually didn't know about the Bitcoin, but this is very insightful.

Russians had 3.856 trillion roubles' ($82.27 billion) worth of foreign-currency deposits as of Nov. 1, compared to 3.421 trillion roubles on Oct. 1, an increase of more than 12 percent. Their rouble deposits fell by 0.3 percent to 13.829 trillion roubles over the same period, according to the central bank.

The article presents an insight on what seems to be the most significant economic effect of the sanctions the EU has imposed on it in response to their invasion of the Ukraine.

This article shows that taking advantage of different currencies Toyota managed to increase their net profit

Credit: Reuters This article concerns the apparent policy decision facing China as to whether it should cut interest rates and loosen lending so as to decrease the deflation in Chinese growth. Historically China has artificially manufactured low exchange rates so as to benefit their exports to other countries. This new policy therefore represents a step away from this traditional approach.