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Lukoil buys 100% of Shell Oil LLC from the British-Dutch oil and gas company “Shell”, which owns a network of filling stations and a lubricants plant in the Tver Region. The deal will be finalized after receiving approval from the Federal Antimonopoly Service, Kommersant reported. “The acquisition of Shell’s high-quality business in Russia is fully […]

Despite the fall of the high-tech sector as a whole, according to an expert at TD Ameritrade, a Singapore-based brokerage firm, retail investors continue to buy shares of such firms, CNBC writes. The world’s largest high-tech companies recently lost more than $1 trillion in 3 trading sessions. That investors haven’t lost faith in high tech […]

Bitcoin fell below the $27,000 level on Thursday as the recent sell-off in the cryptocurrency space continues, CNBC writes. Bitcoin’s price was last down 8.76% to $26,848.20 as of 01:47 a.m. ET (05:47 GMT) on Thursday, according to Coin Metrics. Etherium, meanwhile, was down more than 13% to $1832.33. Cryptocurrencies, considered risky assets like stocks, […]

The grain harvest in Russia this year, according to preliminary data, may reach 130 million tons, including 87 million tons of wheat, Russian President Vladimir Putin said at a meeting with the government. “A good harvest is expected this year. According to experts’ estimates – of course, these are preliminary estimates – the grain harvest […]

The world’s most important stablecoin, Tether, is fluctuating as the collapse in the cryptocurrency sector deepens. The US Producer Price Index (PPI) for April will be released a day after another troubling consumer inflation report. The U.S. market will extend its losses for the sixth consecutive day and even solid streaming growth can’t help Walt […]

“Panic effect” in the stock market has also affected the cryptocurrency sector. In addition, the sharp drop in the Terra token (LUNA) since its departure from its peg to the dollar has reduced the value of the entire sector. Bitcoin, etherium, BNB, XRP, Cardano, Solana, Avalanche … All are in decline. Bitcoin’s price has fallen […]

U.S. stock indices opened the second consecutive trading with a decline amid investors’ concerns about inflation. The Dow Jones Industrial Average fell by 0.82% to 31571.86 points by 17:05 MSC. Standard & Poor’s 500 fell by 1.14% to 3890.44 points from the market opening. The Nasdaq Composite index fell 1.29% to 11218.2 points. Market participants […]

German pharmaceutical and chemical company Merck KGaA recorded an 18% increase in net profit in the first quarter to 884 million euros compared to 748 million euros in the same period a year earlier. Analysts surveyed by FactSet had expected the figure to be €1.05 billion. Merck’s revenue rose 12% year-on-year to €5.2 billion. Revenue […]

Oil prices continue to rise amid uncertainty about the prospects of the European embargo on oil supplies from Russia, as well as the situation in China, where the incidence of COVID-19 went down. The cost of July futures for Brent crude oil on the London-based ICE Futures exchange by 8:15 MSC on Friday is $109.34 […]

The U.S. Senate has approved the reappointment of Jerome Powell as head of the Federal Reserve System (Fed) for a second four-year term. “For” the reappointment of 69-year-old Powell was given 89 votes with 19 votes “against”, reports The Wall Street Journal. Powell’s first term as Fed chairman ended on February 5, and since then […]

British Prime Minister Boris Johnson has demanded that ministers cut 91,000 people employed in the civil service to free up billions in tax cuts, the Daily Mail reported. “Every pound the government takes from taxpayers is money they can spend on their own priorities, on their own lives,” the Daily Mail quoted Johnson as saying […]

In the course of today’s trading, the US dollar is getting cheaper against the euro and pound sterling after significant strengthening the day before. At the same time, the yen is falling on the statements of the head of the Bank of Japan Haruhiko Kuroda that the Central Bank will continue to implement a soft […]

“Kommersant reported a 30% increase in the price of car parts in March and April, marketplaces allowed the sale of goods from the list of parallel imports – these and other important news by Friday morning, May 13, in our daily review. The cost of car parts increased by an average of 31% in March […]

During the week, the cryptocurrency LUNA’s exchange rate dropped from $80 to $0.00001. The reason may lie in the very algorithm of UST return by investors, writes Bits.media. When attempting to return USTs, they are burned, and in return LUNA coins are issued in an amount equal in value to the burned stablecoins. The lower […]

U.S. Federal Reserve Chairman Jerome Powell warned on Thursday that getting inflation under control will not be easy as there may be some economic challenges along the way, but it still remains the Fed’s top priority, CNBC writes. Powell said promising a so-called “soft landing” for the economy is not possible as the Fed raises […]

The transfer of all airplanes of Russian airlines to the register of the Russian Federation will be completed in the near future, the head of the Ministry of Transport Vitaly Savelyev said in an interview with Rossiya 24 TV channel. “As of today, 1,285 aircraft are in operation in Russia. Work on their transfer to […]