Danish pension fund AkademikerPension announced plans to get rid of bonds of oil and gas companies from its portfolio for more than $300 million by the end of 2022, Bloomberg writes. The fund said that the issuers whose securities will be sold include U.S. oil company Occidental Petroleum, Russia’s Gazprom, Mexican state oil and gas […]

The dollar rose after better-than-expected U.S. consumer price data on Thursday, pushing the dollar higher as the data showed the Federal Reserve may be more aggressive in fighting rising inflation. The dollar index, which measures the value of the U.S. currency against six major currencies, rose 0.23%. Against the euro, the single European currency fell […]

OPEC said Thursday that global oil demand could rise even more sharply this year as the world economy shows a strong recovery from the pandemic, which would support prices already at a seven-year high. The oil shortage has also given a boost to energy markets, and a report from the Organization of the Petroleum Exporting […]

El Salvador is facing another flogging from a traditional financial firm for its “forbidden” love affair with bitcoins ( BTC ). US credit rating agency Fitch Ratings downgraded El Salvador’s long-term issuer default rating from B- to CCC, citing “policy unpredictability” and “acceptance of bitcoins as legal tender” as some of the factors that led […]

Canadian business jet maker Bombardier said Thursday it will increase production of its best-selling jets and forecast higher deliveries in 2022 after reporting adjusted quarterly profit. Business jet makers are ramping up production of corporate jets in response to increased demand from wealthy travelers who opt for private flights during a pandemic, but supply chain […]

The Canadian dollar weakened against the U.S. dollar on Thursday as data showing U.S. inflation soared to a 40-year high in January raised expectations of an aggressive interest rate hike by the Federal Reserve. U.S. bond yields rose and the dollar strengthened against a basket of major currencies as the U.S. consumer price index rose […]

McDonald’s will open virtual restaurants in meta-universes, and Binance invested $200 million in Forbes – these and other important news of the cryptocurrency market in our daily review. Cryptocurrency exchange Binance has announced a $200 million investment in media holding company Forbes. The funds will support the company’s plans to enter the stock market through […]

St. Louis Fed President James Bullard said Thursday he has moved to a ” dramatically” more hawkish stance in light of the highest U.S. inflation figures in nearly 40 years and now wants to see interest rates raised by a full percentage point over the next three meetings of the U.S. central bank. “I’d like […]

The ruble is getting cheaper against the dollar on Friday morning, together with its peer currencies, reacting to the negative expectations of the Fed rate hike for risky assets; at the same time, it is getting more expensive against the euro, looking back at the dynamics of the main currency pair. At the same time, […]

Britain on Thursday published a new document expanding the range of people linked to Russia who could be subject to sanctions if Moscow decides to invade Ukraine. Britain says it will allow it to impose tough sanctions on those close to the Kremlin and involved in destabilizing Ukraine. It is part of an international effort […]

Cryptocurrency exchange Binance has bought a stake in the American edition of Forbes for $200 million, CNBC reports. According to sources, the deal will make Binance one of the publication’s largest shareholders. Binance invested $200 million in exchange for an undisclosed stake. The deal will help Forbes finalize preparations to go public via SPAC in […]

Oil prices are moderately lower on Friday morning after the publication of US inflation data triggered a rise in the dollar. US inflation in January accelerated to a 40-year record of 7.5% and triggered a rise in expectations of stronger monetary tightening by the Federal Reserve. That, in turn, “sent the dollar higher, which sent […]

The press service of the Bank of Russia reports that the balances of credit institutions on correspondent accounts with the Bank of Russia at the beginning of the operating day on February 11 amounted to 4330.6 billion rubles in the Russian Federation, including 4078.1 billion rubles in the Moscow region. At the beginning of the […]

Mexico’s central bank raised its benchmark interest rate by 50 basis points to 6.0% on Thursday, as expected. It was the sixth consecutive increase in borrowing costs by the central bank as it tries to contain price pressures amid high inflation. Four members of the Bank of Mexico’s board, including new central bank governor Victoria […]

Fed’s aggressive stance supports dollar exchange rate Nordea expects monetary policy developments to dominate the dynamics of the dollar and euro exchange rates, at least during this year. The bank notes: “The tug-of-war between the Fed and the ECB will be crucial for EUR/USD this year. The key questions will be which central bank will […]

BTC continued to rally earlier this week, hitting a monthly high of $45,000, and despite some correction in the cryptocurrency, the overall sentiment remains bullish. However, some experts are warning that bitcoin and other cryptocurrencies could fall further, and by a lot. Is BTC worth the path to falling to $10,000 in 2023? Let’s try […]

The Board of Directors of the Central Bank of Russia at a meeting on Friday, February 11, raised the key rate from 8.5% to 9.5%. The current value is the maximum since the spring of 2017. The upward cycle lasts almost a year: since April 2021, the rate, then at 4.25%, has more than doubled. […]

What happenedQuotes of the American space company Astra Space (ASTR) collapsed by 26% to $3.8 per share. The securities entered the top 10 in terms of trading volume on the SPX Exchange. The price has already dropped by 85% from the historical maximums. The reason was the failed launch of the first mission. The Rocket […]