This week will be quiet on the economic data front, with US Federal Reserve officials on their traditional vacation before their last monetary policy meeting in 2022. Investors will be watching Friday’s U.S. producer price inflation data for clues on how hawkish the central bank’s stance may be after 4 consecutive sharp rate hikes to […]

Bank of America analysts forecast that Brent crude could rise to $110 per barrel in 2023 amid remaining risks, such as a ceiling on fuel prices from Russia and risks from OPEC members like Iraq and Libya, writes Business Insider. Brent is now around $86 a barrel, which means the upper bound of BofA’s forecast […]

Inflation in Turkey slowed for the first time in a year and a half – in November it fell to 84.39% year-on-year from 85.51% a month earlier, the country’s Statistics Institute reported. The last time prices in Turkey declined in the spring of 2021, the country’s inflation rate was 17.14% in April and 16.59% in […]

According to Goldman Sachs CEO David Solomon, the downturn in the U.S. stock market will continue into 2023, with about a 2 in 3 chance of a recession, Yahoo writes. At a Wall Street Journal board conference, Solomon said he expects the stock market, oil prices and real estate (both commercial and residential) to fall, […]

Rosneft’s IFRS net profit attributable to shareholders amounted to 591 billion rubles in January-September 2022, the negative impact on the figure, particularly in the third quarter, was caused by the transfer of the company’s German assets into external administration of Germany, Rosneft reported. A year earlier, the net profit figure amounted to 696 billion rubles, […]

The head of the world’s largest crypto exchange Binance, Zhangpeng Zhao, who helped expose the insolvency of Sam Bankman-Fried and his company FTX, called him “one of the greatest fraudsters in history” and accused the media and of manipulation, Yahoo writes. Zhao believes that Bankman-Fried is simply trying to avoid jail time, having said in […]

At a regular Berkshire meeting, Warren Buffett made an unpopular warning, which those present in the room did not approve of, and which, in particular, boiled down to the fact that one cannot expect too much in the long term. The fact is that at certain periods in recent U.S. history, when the value of […]

China announced additional measures easing COVID-19 restrictions after new data showed a sharp slowdown in the country’s trade in November. Apple’s iPhone production was one of the victims of this trend. Central banks in Brazil and Poland are expected to pause interest rate hikes, but Canada is set to tighten policy further. And Xi Jinping […]

The cost of February futures for Brent crude oil on London’s ICE exchange fell by almost 2% to $77.77 per barrel, according to trading data at the site at 12:57 Moscow time. Oil of this brand is trading below $78 for the first time in more than 11 months – since January 3. Quotes of […]

China has abandoned its COVID-19 zero-tolerance policy, which included severe restrictions on potentially coming into contact with those who fall ill, Forbes magazine reported. Minutes of a meeting of the Political Bureau of the Central Committee of the Communist Party of China’s Central Committee, which discussed plans for “overall improvement” of the economy in 2023, […]

The Pentagon has awarded $9 billion worth of cloud computing contracts to Alphabet Inc, Google, Amazon Web Services Inc, Microsoft Corp and Oracle Corp, Reuters writes. Joint Warfighting Cloud Capability (JWCC) is the successor to Joint Enterprise Defense Infrastructure (JEDI), which was an IT modernization project to create a large shared commercial cloud for the […]

Deputy Finance Minister of Russia Alexei Moiseyev said about the expected increase in demand for investment gold in Russia by the end of 2022 in 8-10 times, writes RBC. “The growth is already now 5 times, and this figure is somewhat lagging, we expect growth by the end of the year somewhere in 8-10 times,” […]

Turkey will hold talks with the Russian delegation in Ankara this week to achieve a discount of more than 25% to the gas price, Bloomberg reported citing senior Turkish officials. The agency’s interlocutors explained that Ankara expects to achieve a discount on payments in 2023 and on part of the gas supplied in 2022, in […]

The U.S. will release weekly jobless claims data in a market spooked by labor market tensions, Costco, Lululemon, and Broadcom will announce their earnings. The rally in the Chinese market paused to catch its breath as investors shifted their attention to the risk of COVID-19 spreading. Here’s what you need to know about the financial […]

Last week, the number of Americans who applied for unemployment benefits for the first time increased by 4 thousand – up to 230 thousand people, according to the report of the U.S. Department of Labor. A week earlier, the figure was 226,000, not 225,000, as previously reported. Analysts polled by Bloomberg predicted the figure to […]

The UK will follow the European Union in announcing new sanctions against Russia, and the FT has learned about Hungary’s refusal to support the new package of sanctions – these and other important news for Thursday morning, December 8, in our daily review. Britain will announce a new round of anti-Russian sanctions on Friday, December […]

WTI oil jumped 4% after the closure of an oil pipeline in the U.S. due to a leak, and Bloomberg estimated the additional costs of tankers stuck off the coast of Turkey at $13 million – these and other important news for the morning of Friday, December 9, in our daily review. WTI crude oil […]

The U.S. Securities and Exchange Commission (SEC) said on Thursday that securities companies will now be required to disclose information about cryptocurrency risks in public documents. Companies will now have to include information about their ownership of crypto assets, as well as the risk associated with the FTX bankruptcy and other market events, in their […]