Vladimir Yarovoy, Managing Director for Derivatives at Moscow Exchange, explained why the opinion that the dollar exchange rate is incorrectly formed on the trading floor is incorrect. He said this during a live broadcast on the channel “BCS Live”. “The ruble is traded in Russia, more than 90% of all transactions with the ruble are […]

Despite the continued fall in stocks this year, which has hit Katie Wood’s own Ark Investment Management fund particularly hard, she is continuing to follow her strategy and this Wednesday purchased the depreciated shares of Coinbase, Yahoo writes. The technology firm bought 546,579 shares of cryptocurrency exchange Coinbase (COIN) for about $3 million, according to […]

U.S. stock indices ended with active growth in trading on Friday, but declined at the end of the week. The Dow Jones recorded a decline for the seventh week in a row, which has not been seen since July 2001, according to Dow Jones Market Data. For the S&P 500 and Nasdaq Composite, the streak […]

Germany plans to stop importing Russian oil by the end of the year even if the European Union fails to agree on a Europe-wide ban as part of the next package of sanctions, Bloomberg news agency reported citing government sources. According to the officials, Chancellor Olaf Scholz’s administration is already making efforts to strike deals […]

The People’s Bank of China (NBK, the country’s central bank) injected 100 billion yuan ($14.7 billion) into the financial system on Monday as part of a medium-term lending facility (MLF) program. The NBK said in a statement that the rate on one-year loans under the MLF was left at 2.85% per annum. In addition, the […]

The volume of industrial production in China in April this year decreased by 2.9% compared to April of the previous year, according to the data of the State Statistical Office (SSO) of China. By comparison, China’s industrial production increased by 5% in March. Experts surveyed by Trading Economics, on average, expected a decline in April […]

The U.S. dollar is strengthening against the euro and the pound sterling during trading on Monday and is getting cheaper against the Japanese yen, demand for which is growing amid concerns about the global economy. Investors’ concerns about slowing global economic growth intensified amid statistical data from China, Bloomberg news agency writes. “Markets should quickly […]

Retailer Detsky Mir posted a net loss of RUB 517 mln in 1Q 2022 compared to a profit of RUB 1.313 bln in 1Q 2021 (IAS 17 figures). EBITDA decreased by 9.8% to RUB 2.553 billion. The profitability of this indicator amounted to 6.7% against 7.9% a year earlier, the retailer said in a statement. […]

The Bank of Russia wants to oblige credit organizations to suspend for two days the crediting of money to accounts whose information is contained in the regulator’s database, Vadim Uvarov, director of the Central Bank’s information security department, said in an interview with Izvestia. The Central Bank’s database collects information on cases and attempts to […]

This week, investors will turn their attention to retail sales and retailer earnings data, as well as comments from U.S. Federal Reserve officials, including its head Jerome Powell, looking for clues about the future trajectory of interest rates. Friday’s rebound in the stock market late last week came amid hopes that the market was close […]

The CEO of the largest cryptocurrency exchange Binance Changpeng Zhao criticized the proposal of Terra management to save the project through blockchain branching. The corresponding statement he made on his Twitter account. Zhao said on Twitter that Do Kwon’s plan to save Terraform Labs, which he heads, through a fork is doomed to failure. Zhao […]

The cryptocurrency sector moved back into negative territory on Monday after a momentous week for the industry. According to QCP Capital, the collapse of Terra (LUNA) marks “the largest wealth destruction event in the brief history of the crypto market.” The Terra USD Stablecoin lost 1-to-1 parity against the US dollar and trades at 0.13, […]

The World Economic Forum (WEF) has described possible variants of the impact of the Russian military operation in Ukraine on global trade. The conflict has resulted in “unprecedented trade and other economic sanctions,” while “rising geopolitical tensions raise questions about the implications for the global trading system,” the experts said in their forecast. They identified […]

Last Sunday, Goldman Sachs CEO Lloyd Blankfein said that “there is a very high risk factor that the United States is approaching a recession.” In an interview with CBS News, Blankfein said that the risk of a recession definitely exists and that businesses and consumers should prepare for such a scenario. However, the bank executive […]

The net loss of Ireland’s Ryanair Holdings Plc, Europe’s largest discount airline, narrowed 65%, or 2.8 times, to 355 million euros in the fiscal year ended March 31, compared with a loss of 1.01 billion euros in the same period a year earlier. The consensus forecast of analysts polled by FactSet called for a figure […]

The index committee of the Vienna Stock Exchange (Wiener Boerse) for Central and Eastern Europe (CEE) and CIS countries decided to exclude 14 securities of sanctioned Russian companies from the relevant indices at zero price, according to the review of BCS Global Markets (BCS GM). The list includes Gazprom (MCX:GAZP), Sberbank (MCX:SBER), LUKOIL (MCX:LKOH), Rosneft […]

The negative foreign trade balance of the eurozone (with countries that are not members of the eurozone) in March 2022 amounted to 16.4 billion euros compared to a deficit of 7.6 billion euros in February, according to Eurostat data. In March last year, the eurozone’s foreign trade surplus amounted to 22.5 billion euros. In January […]

McDonald’s fast food restaurant chain has announced that it will finally leave Russia, RBC reports. The company’s business in Russia will be sold. Earlier it became known that McDonald’s suffered losses of $127m as a result of the suspension of work in Russia and Ukraine.