The Russian government has submitted a bill to the State Duma on the creation of a Russian app store to be pre-installed on gadgets sold in Russia. “The bill proposes to provide for the creation of a Russian app store which will be mandatorily pre-installed on technical devices. At the same time, such an app […]

The broker Finam temporarily inaccessible operations with foreign currencies – it is impossible to enter and withdraw dollars and euros, RBC reports. “For technical reasons related to infrastructural limitations, some operations with foreign currencies – US dollars and euros – are temporarily unavailable to Finam clients. In particular, in these currencies it is still impossible […]

Russian President Vladimir Putin has signed a decree that establishes a new temporary procedure for payments on foreign currency debt (Eurobonds). Under Putin’s decree, Russia will be able to pay foreign currency debt in rubles, RBC reported. “In order for the Russian Federation to fulfill its government debt obligations expressed in government securities, the nominal […]

The global market rally has run into a familiar pattern of new sell-offs amid recession fears. Fed chief Jerome Powell will head to Capitol Hill for two days of speeches. U.S. President Joe Biden is expected to call for the repeal of the federal gasoline tax. Also, UK inflation hits a new high and the […]

Polymetal (MCX:POLY) reaffirmed its 2022 production guidance of 1.7 million gold equivalent ounces, the company said in a statement. “Due to COVID-related restrictions in the PRC, as well as the impact of sanctions, significant sales logistics challenges remain, resulting in slower inventory turnover and higher selling costs. The Group expects the sales backlog to lag […]

Oil prices continue to decline amid fears of a global economic slowdown, intensified after statements by Federal Reserve (Fed) Chairman Jerome Powell. Powell, who appeared before the Senate Banking Committee the previous day, said the Fed’s battle with high inflation would require a rate hike high enough to trigger a recession in the U.S. economy. […]

American holding PPG Industries, Inc. which includes Finnish paint and varnish producer Tikkurila, is leaving their Russia due to the situation in Ukraine, Tikkurila’s press service reports. “Currently, we continue to sell only the minimum volume in Russia, sufficient to obtain the necessary amount of local currency to pay our employees. Previously, we stopped all […]

US President Joe Biden has appealed to gasoline producers and suppliers to lower prices in the current environment, which he described as challenging. “I have a very simple message to fuel companies: these are extraordinary times, lower your prices, do it now, today. Your consumers, American citizens, should feel lighter,” he said. Earlier, Biden demonstrated […]

On Wednesday, the U.S. stock market showed modest growth after the head of the Federal Reserve Jerome Powell told the Senate that the central bank is determined to curb inflation and has the necessary tools to accomplish this task. Recession fears have intensified in recent weeks, weighing on stocks, but this week investors have tried […]

Promsvyazbank is considering the possibility of buying Northern Sea Route Bank (SMP Bank), Kommersant writes, citing sources familiar with the situation. According to the publication’s interlocutors, the parties have been discussing the deal since December 2021, and in early 2022 PSB conducted due diligence of SMP Bank, which took about two months. Neither analysts nor […]

The S&P 500 is now poised for its worst first half of the year since Richard Nixon’s presidency. About it writes Bloomberg. With only seven trading days left until the end of June, the index has fallen 21% since the beginning of the year amid expectations that the “toxic mix” of high inflation and aggressive […]

Bloomberg wrote about Russia forcing Iraq out of the Asian oil market, and crypto market players are selling off bitcoin mining cards en masse – these and other important news for Thursday morning, June 23, in our daily review. Due to large discounts on Russian energy resources, Asian importers began to favor Russia, weakening the […]

During today’s trading, the US dollar is getting cheaper against the euro and yen after the statements of the head of the Federal Reserve System (Fed) Jerome Powell about the risks of recession and rising unemployment. Calculated by ICE index, showing the dynamics of the dollar against six currencies (euro, Swiss franc, yen, Canadian dollar, […]

Japanese automaker Toyota Motor Corp. is recalling about 2,700 electric SUVs of the bZ4X model due to the threat of spontaneous unscrewing of wheels. According to the company, unscrewing of wheels in electric cars of this model may be due to loosening of bolts fixing them. The recall covers 2,200 cars sold in Europe and […]

In May, retail sales in the UK decreased by 0.5% compared to the previous month, according to data from the country’s National Statistics Office (ONS). The consensus forecast of experts surveyed by Bloomberg provided for a decrease in the indicator by 0.7%. Respondents Trading Economics also predicted its decrease by 0.7%. In annual terms, sales […]

Leonard Birnbaum, head of German concern E.ON, believes that in the conditions of reduced natural gas supplies from Russia, the Federal Republic of Germany should find ways to fully increase domestic production, including fracking. “We must now look for all solutions without taboos to help us improve the situation,” Birnbaum told the WirtschaftsWoche podcast. “We […]

In May, consumer prices in Japan increased by 2.5% compared to the same month a year earlier, according to data from the country’s Ministry of Internal Affairs and Communications. Inflation remained at the April level, which was the highest in 7.5 years and exceeded the 2% mark for the first time since September 2008, excluding […]

U.S. stock indexes fluctuated on Thursday, eventually closing in the plus side after U.S. Federal Reserve Chairman Jerome Powell wrapped up his two-day economic address to Congress. Powell told lawmakers that the central bank is determined to tame inflation, assuring them it has the tools to do so, although he acknowledged that recession is one […]