The People’s Bank of China (NBK, the country’s Central Bank) is likely to reduce interest rates or the mandatory reserve requirement for banks in the very near future, analysts believe. A day earlier, the Chinese authorities announced their intention to maintain the stability of financial markets and take measures to stimulate economic growth in the […]

Five airlines of Alexey Isaikin’s Volga-Dnepr, Russia’s largest air cargo group specializing in worldwide transportation, have practically stopped flying, RBC writes. In the week that began March 14, the group operated only two flights: from Beijing to Vladivostok on March 15 and from Moscow to Bratislava on March 16 (according to FlightRadar 24). Both flights […]

Former US President Donald Trump said in an interview that he was “surprised” that Russian President Vladimir Putin ordered a special operation in Ukraine, explaining that he thought “this strong man’s threats were a negotiating tactic,” the Washington Examiner reports. “I assumed that he was going to make a good deal like everybody else with […]

Western sanctions against Russia create many problems for the country, but at the same time they open new opportunities, President Vladimir Putin said at a meeting on the socio-economic development of Crimea and Sevastopol. This is reported by TASS. “Yes, of course, the development of the peninsula’s economy is affected by Western sanctions, which apply […]

VTB will transfer foreign securities of its clients to other brokers, and Australia has imposed new sanctions against Russia – these and other important news for Friday morning, March 18, in our daily review. Australia has imposed sanctions against Russian billionaires Oleg Deripaska and Viktor Vekselberg. Nine banks, the Ministry of Finance and the National […]

The President of the Russian Federation in accordance with paragraph “d” of Article 83 of the Constitution of the Russian Federation has submitted to the State Duma the candidacy of Elvira Nabiullina for appointment to the post of Chairman of the Central Bank, the website of the lower house of parliament reported on Friday. It […]

Indian oil companies Indian Oil Corporation (IOC) and Hindustan Petroleum have bought several million barrels of Russian Urals crude, the Times of India reported, citing sources. “IOC, the country’s top oil company, late last week bought three million barrels of Urals through (European trader) Vitol for delivery in May at a discount of $20-25 per […]

The Board of Directors of the Bank of Russia will consider monetary policy issues, including the level of the key rate. Most analysts, after the sharp increase in the Central Bank rate at the end of February, expect it to remain at 20% on Friday. Only some experts allow the Central Bank to raise the […]

Amid market sluggishness, lingering concerns over the COVID-19 pandemic and geopolitical tensions in Europe, the continent’s fund industry saw net outflows in February, with mutual funds seeing outflows of €91.9 billion YTD, while ETFs saw inflows of €34.7 billion, CNBC writes. Mutual funds – pools of investors allocated by asset managers into stocks, bonds, money […]

The Board of Directors of the Bank of Russia kept the key rate at 20%. “The Russian economy is entering a phase of large-scale structural adjustment, which will be accompanied by a temporary but inevitable period of higher inflation, mainly related to the adjustment of relative prices for a wide range of goods and services. […]

European stock indexes opened slightly lower on Friday but remain on track for a weekly gain as traders await the outcome of key talks between U.S. President Joe Biden and his Chinese counterpart Xi Jinping. By 04:20 a.m. ET (08:20 GMT), the Euro Stoxx 50 index was down 6 points, or 0.2 percent, while the […]

US President Joe Biden has warned Chinese President Xi Jinping that the US will retaliate against him if he actively supports the Russian special operation in Ukraine. Meanwhile, Xi outlined a subtle shift in China’s COVID-19 policy to reduce the strain on its economy. Russia has avoided default – at least for now – but […]

A key investment argument in favor of bitcoin is deteriorating as geopolitical uncertainty and rising inflation hit cryptocurrency prices. Bitcoin supporters often refer to it as “digital gold.” The term refers to the idea that bitcoin could become a store of value, similar to gold, and unrelated to other financial markets, such as stocks. Bitcoin […]

Oil prices are rising on Monday amid the ongoing Russia-Ukraine conflict, as well as rising tensions in the Middle East and the situation in China, where another spike in the incidence of COVID-19 was noted. Saudi Arabia said on Sunday that Yemeni Houthis struck several sites in the country, including a fuel depot of oil […]

Messenger Telegram has surpassed WhatsApp in terms of traffic in Russia for the first time, and the EU may embargo oil from Russia as part of new sanctions – these and other important news for Monday morning, March 21, in our daily review. The European Union is discussing imposing an oil embargo on Russia as […]

During today’s trading, the US dollar is strengthening against the euro, yen and pound sterling. Calculated ICE index, showing the dynamics of the dollar against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona), increased by 0.12%, the broader WSJ Dollar Index – also by 0.12%. As of 9:23 a.m. Moscow […]

During the week of March 14-18, the most popular financial instruments (according to Investing.com Russia) were the following: USD/RUB, Brent oil futures, Bitcoin, EUR/RUB and EUR/USD. As for the news, the most interesting for the week were the following: Default is canceled? The Ministry of Finance made a payment of income on Eurobonds for $117.2 […]

Boeing Co shares started this week with a sharp negative, falling more than 6% after confirmed reports of a Boeing 737 crash in China. This information was spread by the Aviation Safety Network on Twitter, among others: “We are following multiple unconfirmed reports of a possible crash of a Boeing 737-89P (B-1791) of China Eastern […]