The Russian stock market started trading down amid deteriorating external stock and commodity conditions, but the RTS index almost immediately corrected upward. The MosBirch index fell by 0.21% to 2297.12 points. The RTS index added 0.02% to 1253.96 points by 10:01 Moscow time. Stock indices of the largest countries of the Asia-Pacific region (APR) are […]

VTB has ceased to be a shareholder of “SPB Exchange” – the bank’s share decreased from 9.25% to zero, follows from the disclosure of the credit organization. “VTB has withdrawn from the capital of SPB Exchange. Details of the transaction are not disclosed due to confidentiality conditions,” VTB’s press service told Interfax. “SPB Exchange” is […]

From May 24, exporters must sell 50% of foreign currency earnings instead of 80%. The decree on this was signed by President Vladimir Putin, the document is published on the portal of legal information. The decree also gave the Central Bank’s board of directors the right to determine the period of currency sales. The Finance […]

Coinbase was the first cryptocurrency company to make the Fortune 500 list. The rating ranks American firms by revenue for the past fiscal year. The crypto exchange with a revenue figure of $7.84 billion was in 437th place. Coinbase’s profits totaled $3.62 billion (up 1024% year-over-year). At the same time, in the first quarter of […]

There is a widespread opinion in the West that Russia, having launched a special operation in Ukraine, has become one of the biggest winners of the conflict even in such an unexpected, seemingly unexpected aspect as food supply: as long as ports on the Black Sea remain blocked to ships, Russia can supply grain to […]

The Central Bank of Russia for the first time announced an extraordinary meeting of the Board of Directors on the key rate, and Moscow Mayor Sergei Sobyanin announced a “covid amnesty” in the capital – these and other important news for Wednesday morning, May 25, in our daily review. The Bank of Russia decided to […]

The United Arab Emirates has resumed oil supplies to Europe after local importers started refusing to buy Russian crude amid the special operation in Ukraine. Bloomberg writes about it with reference to the data of ports and ship tracking. According to them, the oil tanker Moscow Spirit, hired by the French TotalEnergies, is carrying about […]

One warning from social media app Snap was enough to send the U.S. stock market tumbling Tuesday, led by Big Tech, as investors worry about the possibility of a recession. As this season’s retailer earnings reports have shown, consumers are choosing among discretionary goods. They aren’t buying TVs and home goods because they’re spending on […]

India is imposing restrictions on sugar exports to increase its availability in the domestic market and prevent price hikes, local publication The Economic Times reported. The government has made it mandatory for suppliers to obtain permits to sell sugar abroad between June 1 and October 31. This applies to exports of raw sugar, refined sugar […]

The Ministry of Finance will continue to fulfill its obligations under government bonds, but will make payments in rubles, Forbes writes with reference to the department’s message. It is specified that the possibility of subsequent conversion of payments in the original currency of the obligation through the National Settlement Depository is provided for. “The decision […]

Investors are keeping a close eye on market volatility, tracking every move as Wall Street tries to claw its way out of the lows, CNBC writes. “Cash is still garbage,” Dalio says. – Do you know how quickly you lose the purchasing power of cash?”. Unfortunately, that doesn’t mean investors are better off keeping their […]

The Central Bank of Russia is considering changing the approach to the definition of insider information to reduce the burden on credit organizations, said Deputy Chairman of the Bank of Russia Yury Isaev. “Now it is simply additional difficulties for credit organizations. It seems expedient to us to still look at what is insider, what […]

Oil production with condensate in Russia in 2022 is expected to be 480-500 million tons compared to 524 million tons in 2021, commented Deputy Prime Minister Alexander Novak on the forecast of the Ministry of Economic Development of the Russian Federation. According to the main parameters of the scenario conditions of the macro forecast for […]

Alfa Bank predicted the sharpest Central Bank rate cut in nine years, and metallurgists said about the risk of losses with high taxes and a strong ruble – these and other important news for Thursday morning, May 26, in our daily review. The European Union for the first time named the amount of assets of […]

Russia’s central bank cut its key rate to 11% per annum from 14% during an extraordinary meeting of its Board of Directors, the regulator said. “The latest weekly data indicate a significant slowdown in the current rate of price growth. The weakening of inflationary pressure is supported by the dynamics of the ruble exchange rate […]

The Congressional Budget Office (CBO) forecasts a slowdown in economic growth in the country by the end of this year and in 2023 due to the tightening of monetary policy by the Federal Reserve (Fed) and the reduction of fiscal stimulus. CBO also expects a gradual easing of inflation in the United States. “Higher inflation […]

A number of European energy companies have yielded to Russian President Vladimir Putin’s demand to receive Russian natural gas using a new payment system in rubles, which allows them to avoid new disruptions in gas supplies, The Washington Post reports. Thus, Russia’s requirement to “unfriendly” countries to switch to paying for gas in rubles is […]