Rising fuel and food costs have become a problem not only for the world’s leading economies – consumer price increases in developing economies are also hitting multi-year highs. In Chile, South America’s fifth-largest economy, annual inflation accelerated to 11.5 percent in May from 10.5 percent a month earlier, becoming the highest since July 1994, official […]

The vast majority of analysts expect the key rate to be cut by 100 basis points (b.p.) to 10% per annum at the meeting of the Central Bank of Russia’s Board of Directors on Friday, June 10. The Board of Directors of the Bank of Russia at an extraordinary meeting on May 26 decided to […]

Export shipments of fertilizers via the Russian Railways network in May increased by 37% against April, to 2.6 million tons, a source familiar with the state monopoly’s data told Interfax. Among the largest fertilizer producers, Uralkali and Uralkhim, which last month showed a sharp decline in shipments abroad, increased exports the most – several times […]

The European Central Bank (ECB) at the end of the next meeting may announce plans to raise the key interest rate for the first time since 2011. Also, the ECB will present new economic forecasts, which are likely to show that inflation in the euro area will not fall to the target of 2% during […]

Investments in fixed capital in the capital in January – March this year exceeded 700 billion rubles, which is 4.8 percent more year-on-year. “According to Mosstat data, investments in fixed capital in Moscow in the first quarter of 2022 amounted to 713 billion rubles, which is 4.8 percent more than last year. The capital accounts […]

The euro is stable against the US dollar, the Japanese currency is appreciating, the pound is declining against the US currency. The market is waiting for the publication of the results of the June meeting of the European Central Bank (ECB), which will be held at 14:45 Moscow time. Experts mainly predict that the ECB […]

Tinkoff Bank will introduce a fee for servicing accounts in foreign currency from June 23, the bank said in a statement. The change will affect card accounts in US dollars, euros, pounds sterling and Swiss francs. The bank will charge 1% per month for servicing such accounts with a balance over 1000 u.u. in the […]

Bloomberg told about the Russian Central Bank’s strategy to fight inflation, and supplies of goods from the U.S. to Russia hit a record low – these and other important news for Thursday morning, June 9, in our daily review. Central Bank head Elvira Nabiullina has bet on strengthening the ruble to slow inflation in tough […]

The British pound showed no significant reaction to the government’s announcement of an additional £15 billion of fiscal stimulus, leading HSBC analysts to suggest that the move at least prevented the currency from falling further. Key sterling pairs were virtually immobile after Chancellor of the Exchequer Rishi Sunak announced an expansion of spending aimed at […]

The spot price of gas in Europe rose by 19% today on the back of the start of major scheduled repairs at gas fields in Norway. At the global level, price growth should also be supported by the news of a fire at the Freeport LNG plant with a capacity of 15 million tons per […]

The chain of fast food restaurants in Russia, which will replace McDonald’s, has chosen a new logo. This is reported by Izvestia with reference to the company’s press service. As it is specified, it will depict the main symbols of the restaurant: two sticks of french fries of yellow color and a burger – yellow-orange. […]

Ford Motor Company (NYSE: F) will recall more than 25,000 2019-2020 Mustang coupes and convertibles due to a problem with the powertrain control module (PCM). Consumer Reports reports that in the vehicles, the powertrain control module can transmit an unintentional erroneous signal to modules that control the rearview camera, taillights and driver assistance features, which […]

Tesla on Thursday held an online hiring event for new staff in China and added 2 dozen new job postings a week after CEO Ilon Musk warned of job cuts and said Tesla’s workforce was too “bloated,” Reuters writes. Tesla plans to conduct online hiring for smart manufacturing jobs, according to a post on the […]

Thursday’s trading in the US stock indices ended with a sharp decline. Investors continued to evaluate forecasts for inflation and economic growth in anticipation of Friday’s statistical data on the dynamics of consumer prices in the United States. The Dow Jones Industrial Average fell 1.94% to 32272.79 points. Standard & Poor’s 500 fell by 2.38% […]

Quotes of futures for WTI crude oil decreased during the Asian session on Friday. At the New York Mercantile Exchange, futures for WTI crude oil with delivery in July are trading at $120.83 per barrel, down 0.56% at the time of writing this commentary. The low of the session was at $1 per barrel. At […]

During today’s trading, the dollar is moderately declining against major world currencies, market participants are eagerly awaiting the publication of data on inflation in the U.S. for May. Calculated by ICE index, which shows the dynamics of the dollar against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona), decreases by […]

Deputy Prime Minister and presidential envoy to the Far Eastern Federal District Yury Trutnev has said that Russia will withdraw from Japan the right to fish near the Kuril Islands. “We have already, in fact, limited their right (to fish), and by their efforts. They refused to pay for fishing quotas near the Kuril Islands. […]

Quotes of gold futures declined during Asian trading on Friday. On COMEX, a division of the New York Mercantile Exchange, gold futures for delivery in August are trading at $1.00 per troy ounce, down 0.32% at the time of writing this commentary. The low of the session was at $ per troy ounce. At the […]