It is commonly believed that no one – neither ordinary people nor economic analysts – knows when the stock market will hit bottom. We can speculate about it, but the fact remains. And while any investor might find it tempting to wait for better times (or better prices), it’s also possible to find that such […]

Russia’s economy is coping with sanctions decently, Russian President Vladimir Putin said today at the beginning of a meeting in Sochi with his Belarusian counterpart Alexander Lukashenko. “The Russian economy withstands the sanctions blow, withstands it quite decently,” Putin said. According to him, “all the main macroeconomic indicators speak about it.” At the same time, […]

Since the first case of monkeypox was discovered on May 13, the new disease has been spreading rapidly in the West. On May 21, 92 laboratory-confirmed and 28 suspected cases of this type of smallpox were reported to the World Health Organization (WHO), and investigations are ongoing in 12 WHO Member States not endemic for […]

Ural Mining and Metallurgical Company (UMMC), whose beneficiaries until March 14 were Iskander Makhmudov and Andrei Bokarev, and whose new owners have not been disclosed, is considering the possibility of acquiring the gold mining company Petropavlovsk. This is reported by “Kommersant” with reference to several sources in the industry. Earlier Polymetal showed interest in the […]

Many traders and investors were speculating last week about a potential market bottom, or at least a meaningful rally that may be just around the corner, as the benchmark S&P 500 index climbed from an oversold condition below 3,900 points to nearly 4,100 points in just 4 days, Yahoo writes. But traders expected the rally, […]

Quotes of gold futures rose during Asian trading on Tuesday. On COMEX, a division of the New York Mercantile Exchange, gold futures for delivery in June are trading at $1.00 per troy ounce, up 0.38% at the time of writing this commentary. The maximum of the session was at $1.00 per troy ounce. At the […]

The dollar exchange rate at the opening of trading on May 24 fell by 1.26 rubles or 2.17% to 56.6125 rubles, according to the data of the Moscow Exchange. The American currency is trading below 57 rubles for the first time since March 26, 2018. The euro exchange rate is down 1.51 rubles or 2.5% […]

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 […]

Из-за риска того, что последовательное повышение ставки ФРС в этом году спровоцирует рецессию, крупнейший фонд, управляющий капиталом BlackRock, понизил рейтинг американских акций в понедельник, пишет Business Insider. ФРС планирует повышать ставку по фондам на 50 базисных пунктов на каждой из своих предстоящих встреч, поскольку пытается сбалансировать повышение ставки с 40-летним максимумом инфляции и потенциальным экономическим спадом в […]

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 […]

Российская нефтегазовая компания «Сургутнефтегаз» получила от правительства разрешение на продолжение обращения своих бумаг за пределами России, а также на сохранение программы глобальных депозитарных расписок (ГДР). Об этом сообщается на сайте раскрытия корпоративной информации. Обыкновенные и привилегированные акции «Сургутнефтегаза» на эту новость не отреагировали. По состоянию на 16:00 МСК обыкновенные акции компании растут на 1,52%, до 22,43 руб. […]

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 […]