Stock markets in the Asia-Pacific region (APR) are mostly declining during trading on Tuesday, with the exception of Japan. Market participants continue to follow the developments around the armed conflict in Ukraine. The situation has already led to disruptions in supplies and air traffic between the continents. In addition, the conflict has also spurred a […]

China has ordered a full quarantine in Shenzhen, a city of 17.5 million people, as it tries to contain the worst COVID-19 outbreak in several provinces in the country, with the number of cases doubling to 3,400 over the past weekend. Businesses in this financial and technological center of China, which borders Hong Kong, are […]

Production of trucks at PJSC KAMAZ facilities in February increased in annual terms by 12.4% to 4.052 thousand units, the company reported. In January-February, the company produced 7.375 thousand vehicles (+35%). The assembly line of the engine plant and the joint Russian-American Cummins Kama joint venture, which is part of KAMAZ’s technological cycle, manufactured and […]

China is ramping up efforts to introduce its central bank’s national digital currency and has now left its global competitors far behind, CNBC writes. China’s digital yuan may well challenge the dollar’s dominance as the preferred currency in international trade settlements in five to 10 years, as predicted by former banker, author and financial technology […]

The European Union has imposed new sanctions on Russia, which include a ban on new investments in the energy sector, according to the European Commission’s website. Exceptions are made for peaceful atom and energy transportation. A ban is also imposed on the supply of a number of goods. In particular, these are steel products, luxury […]

The Financial Conduct Authority (FCA) of the UK has declared all cryptocurrency ATMs in the country illegal and ordered their closure, BBC reports. According to the FCA statement, no company in the UK has received a license to install cryptocurrency ATMs. The operation of all such devices should be stopped immediately, the regulator said, warning […]

ECB demanded from European banks to strengthen control over transactions of clients from Russia and Belarus, VK intends to resurrect ICQ messenger – these and other important news for Thursday morning, March 10, in our daily review. European regulators demanded from banks to strengthen control over transactions of all Russian and Belarusian clients, including EU […]

The volume of Russia’s investments in U.S. government securities in January 2022 increased compared to the previous month and amounted to $4.503 billion, TASS reported with reference to the documents of the U.S. Ministry of Finance. At the same time, investments in long-term bonds sharply decreased – to $2 million compared to $102 million a […]

Tesla CEO Ilon Musk warned of inflationary pressures on production, as a result of which his company was forced to raise prices on its electric cars in the U.S. and China, as the key component of batteries for electric vehicles – nickel – has risen sharply in price, writes CNBC. The company raised prices on […]

US pharmaceutical company Eli Lilly has decided to suspend investments and new clinical trials in Russia, as well as the export of a number of drugs to the country. The corresponding decision follows from a statement published on the company’s website. “We have suspended all investments, promotional activities and new clinical trials in Russia, as […]

Managers of the world’s largest investment funds have recently started to show signs of panic and left the market, Yahoo writes. Their abandonment of positions could be a strong argument in favor of buying stocks. According to Bank of America’s latest monthly survey of global fund managers, a group of large investors exited the market […]

Russians’ demand for gold has increased tenfold, and the U.S. Ministry of Finance has postponed default: payments in dollars on Russia’s debt are possible until May 24 – these and other important news for Thursday morning, March 17. in our daily review. U.S. restrictions on transactions with the Russian Central Bank and other banks allow […]

The US dollar and euro are getting cheaper on the Moscow Exchange on Thursday morning, while the ruble is strengthening against the bi-currency basket due to market participants’ hopes for progress in the Russian-Ukrainian negotiations. At the end of the first minute of trading, the dollar rate amounted to 105.01 rubles (-2.99 rubles to the […]

The payment order for coupon payments on two issues of Eurobonds in the amount of $117.2m has been executed. This is stated in the message of the Ministry of Finance. Russia on March 16 was to pay coupons on two issues of its sovereign Eurobonds in the amount of $117.2 million. “The Ministry of Finance […]

The People’s Bank of China (NBK, the country’s Central Bank) is likely to reduce interest rates or the mandatory reserve requirement for banks in the very near future, analysts believe. A day earlier, the Chinese authorities announced their intention to maintain the stability of financial markets and take measures to stimulate economic growth in the […]

Five airlines of Alexey Isaikin’s Volga-Dnepr, Russia’s largest air cargo group specializing in worldwide transportation, have practically stopped flying, RBC writes. In the week that began March 14, the group operated only two flights: from Beijing to Vladivostok on March 15 and from Moscow to Bratislava on March 16 (according to FlightRadar 24). Both flights […]

Former US President Donald Trump said in an interview that he was “surprised” that Russian President Vladimir Putin ordered a special operation in Ukraine, explaining that he thought “this strong man’s threats were a negotiating tactic,” the Washington Examiner reports. “I assumed that he was going to make a good deal like everybody else with […]

Western sanctions against Russia create many problems for the country, but at the same time they open new opportunities, President Vladimir Putin said at a meeting on the socio-economic development of Crimea and Sevastopol. This is reported by TASS. “Yes, of course, the development of the peninsula’s economy is affected by Western sanctions, which apply […]