In February, China imported almost 401 thousand tons of LNG from Russia, which is twice as much as in the same period a year earlier. This is reported by Bloomberg agency with reference to the official data of China. The publication reports that although the total volume of LNG imports to China decreased by 12% […]

Contrary to popular belief, cryptocurrencies are not decentralized: they depend on central structures run by big business gatekeepers who exploit the labor of low-wage workers, writes Business Insider. “The market has a colonialist mindset” focused on making money, and even though cryptocurrencies strive to be decentralized, the market is already becoming “re-centralized.” It’s not an […]

Deputy Prime Minister Alexander Nova believes that increasing Russia’s energy supplies to the east is becoming urgent due to Western sanctions. “The issue (of diversification of energy exports to Asia-Pacific countries) is really urgent now, because we hear that another package of measures (by Western countries) is being developed,” Novak said during a meeting with […]

The OFZ opening auction ended on the Moscow Exchange, according to the results of which the RGBI government bond index decreased by 9.44%, to 98.21 points, compared to the last trading session in the stock section on February 25. The index was last traded at this level on December 17, 2014. According to the information […]

Debt markets in some of the world’s most vulnerable countries have been giving warning signals since the start of Russia’s special operation in Ukraine because of the additional strain on their fragile economies, Bloomberg writes. Worries about whether Russia will be able to pay interest on its obligations have left investors wondering which other countries […]

U.S. sporting goods maker Nike Inc.’s net income fell 4% to $1.396 billion, or $0.87 per share, in its fiscal third quarter ended February 28, 2021, compared with $1.449 billion, or $0.90 per share, in the same period a year earlier, according to a company press release Still, the figure was better than market forecasts. […]

The dollar is appreciating against most currencies after Fed Chairman Jerome Powell’s statement that he is ready to tighten policy at a faster pace. Powell, speaking at a National Association for Business Economics event, said the Fed is ready to raise the key rate by 50 basis points at once instead of the traditional 25 […]

It is too early for the Bank of Japan to discuss the details of the exit from the soft monetary policy, as the inflation rate is still below the 2% target, Japanese Central Bank Governor Haruhiko Kuroda said during a speech in the specialized committee of the country’s parliament on Tuesday. Asked whether the BOJ […]

International rating agency S&P Global Ratings will withdraw credit ratings of all Russian companies and organizations by April 15, the agency said in a statement. The decision was made against the backdrop of a ban imposed by the European Union on the assignment of ratings to Russia and Russian companies by EU credit rating agencies, […]

U.S. stock indexes came off their lows on Monday but still closed lower after U.S. Federal Reserve Chairman Jerome Powell said the central bank could act faster to raise interest rates and curb inflation. Powell said the Fed could raise the rate by half a point instead of the usual quarter-point. The country’s inflation has […]

The service of transfers for individuals from their accounts in Sberbank to Chinese Alipay wallets has stopped working, Kommersant reports. A representative of Sberbank noted in a comment to the newspaper that the service of replenishment of Alipay wallets was realized in partnership with Western Union (WU) and stopped against the background of the termination […]

The Bank of Russia has begun to connect all banks to the anti-money laundering platform “Know Your Client” in pilot mode. This way the Central Bank will be able to avoid technological problems by the time the service should work. “The regulator offered all credit organizations to gradually connect to the platform “Know Your Customer” […]

Tough measures will be taken against inflation, which jeopardizes the recovery of the country’s economy, said the head of the U.S. Federal Reserve Jerome Powell. About it writes CNBC. At the same time, he noted the continuation of the Fed’s tightening course: the interest rate hike will last until inflation, which has already reached the […]

According to Goldman Sachs experts, this year the Russian economy will decline by 10% as a result of the sanctions imposed by the US and the EU. The main impact of sanctions will be felt by Russian exports and imports, while inflation will rise to 20% by the end of the year, which is much […]

Japanese home appliance manufacturer Sharp has decided to suspend deliveries to Russia due to the special operation in Ukraine, according to a message on the company’s official website. “We at Sharp Group are deeply concerned about the conflict developing in Ukraine. To support the humanitarian program, our businesses will make local donations to charities involved […]

The number of Russians’ applications for consumer loans in banks has halved, and Apple has again faced a large-scale failure in the work of its services – these and other important news for Wednesday morning, March 23, in our daily review. According to a study by financial marketplace Unicom24 and credit bureau Equifax, banks received […]

In today’s trading, the dollar is appreciating against the yen and weakly declining against the euro, with analysts trying to anticipate the future trajectory of the key rate in the United States. The ICE-calculated index, which shows the dollar’s performance against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona), is […]

The world’s largest hedge fund with $150 billion under management – Bridgewater Associates – is planning to back cryptocurrencies for the first time. The fund, founded by billionaire Ray Dalio, is preparing to invest in an external instrument related to cryptocurrencies. According to CoinDesk, it will not invest directly in crypto assets at this time. […]