Stock indices of the largest states of the Asia-Pacific region do not show unified dynamics. The Japanese market is supported by the easing of anti-Kovid restrictions, which step by step move the country towards full opening, experts say. Since Wednesday, Japan has doubled the daily limit on the number of people entering the country – […]

The US-based Citigroup, which had planned to leave Russia, admits the possibility of maintaining its presence in Russia, but on a smaller scale, the FT and Reuters reported, citing the group’s CEO Jane Fraser. Citi, which last year announced plans to pull out of retail banking in Russia, has said it intends to wind down […]

Britain and the European Union have agreed a coordinated ban on insurance for ships carrying Russian oil, the Financial Times newspaper reported, citing sources. “According to British and European officials, the UK and the EU have agreed a coordinated ban on insuring ships that carry Russian oil,” the report said. Thus, the sources said, the […]

US Treasury Secretary Janet Yellen has admitted she was “wrong” last year when she suggested that US inflation would not be a long-term problem. “I was wrong about the trajectory of inflation,” Yellen told CNN. “There have been unforeseen and significant economic shocks that have triggered higher energy and food prices and supply disruptions that […]

Oil prices are rising in trading on Wednesday after declining in the previous trading session amid reports of new sanctions against Russia and the prospect of suspending its participation in the OPEC+ deal. European Union countries on Tuesday night agreed on a sixth package of sanctions against Russia, which includes an embargo on imports of […]

The Biden administration is not sure about the idea of confiscating Russia’s frozen international reserves, and the UK supported a ban on insurance for ships carrying Russian oil – these and other important news for Wednesday morning, June 1, in our daily review. U.S. President Joe Biden’s administration is questioning the idea of confiscating the […]

The Russian stock market started trading in the red zone amid mixed signals from external trading platforms, the continuing negative reaction to new EU anti-Russian sanctions and the entry into force of the Central Bank’s decision to lift the ban on opening new short positions. American stock indices declined by 0.4-0.7% yesterday. Among the factors […]

After today’s opening of trading on the Moscow Exchange, Mechel’s preferred shares collapsed by about 33% to reach 143.25 rubles per security (yesterday the maximum value of the pref reached 223.25 rubles per unit). Ordinary shares of Mechel also fell to 120.05 rubles per security (approximately by 7.5%), according to trading data. The negative dynamics […]

Gazprom presented the results of gas production and supplies for January-May this year. According to preliminary estimates, gas production decreased by 4.8% to 211.4 billion cubic meters. This is 10.6 billion cubic meters less than in the same period of 2021, follows from the company’s information. Gazprom notes that this May has become the coldest […]

The volume of housing construction in Russia in April 2022 amounted to 8.3 million square meters, increasing by 38.3% compared to April 2021, follows from the data of the Federal State Statistics Service of the Russian Federation (Rosstat). As reported, in January 2022, 10.3 million square meters of housing was commissioned, which is 1.8 times […]

Oil prices are falling on Thursday on information from the Financial Times newspaper about Saudi Arabia’s readiness to increase production in case of a significant drop in oil production in Russia due to sanctions. “Saudi Arabia is aware of the risks and realizes it is not in its interest to lose control of oil prices,” […]

Production of passenger cars in the Russian Federation in April 2022 collapsed 6.8 times (by 85.4%) compared to April last year to a record low of 19.9 thousand cars, follows from the data of the Federal State Statistics Service of the Russian Federation (Rosstat). Thus, the figure fell below the level of covid April 2020, […]

The decline in Russia’s GDP in April 2022, according to the Ministry of Economic Development, amounted to 3.0% year-on-year after growth of 1.3% in March, 4.1% in February and 5.6% in January. This is stated in the Ministry’s review “On the current situation in the economy”. Growth of the Russian economy at the end of […]

International rating agency Fitch has affirmed China’s long-term foreign currency Issuer Default Rating (IDR) at ‘A+’ with a ‘stable’ outlook. “China’s ratings are supported by the country’s strong external financial position, the sustainability of its macroeconomic performance, and the size of its economy, which is the second largest in the world,” Fitch said in a […]

Economic activity continued to expand in all twelve U.S. counties between mid-April and the end of May, but the pace of growth was mostly slight or modest, according to a regional survey published by the Federal Reserve System (Fed), which is called the Beige Book by the color of the cover. Only four Federal Reserve […]

Biden called the purchase of oil from Russia at reduced prices an alternative to the embargo, and Saudi Arabia outlined one condition for increasing oil production – these and other important news for Thursday morning, June 2, in our daily review. U.S. President Joe Biden said that it is possible to continue buying Russian oil, […]

The Russian stock market started trading in a slight downward trend in the framework of profit taking by players on the background of deterioration of the external stock and oil conjuncture. In the U.S. stock indices on the eve declined by 0.5-0.8% on fears of tightening of MPC by the Federal Reserve. A negative factor […]

The misery of high oil prices is being felt around the world, and as has often been the case before, it seems that the only cure for high prices is…. high prices. At least in nominal terms, gasoline prices are at record highs. Meanwhile, the price of crude oil hit $120 a barrel on Monday. […]