In Q1 of this year, Exxon Mobil Corp (NYSE:XOM), the largest oil and gas company in the United States, expects a significant increase in net income compared to Q4 of last year due to higher energy prices. ExxonMobil said in a statement that the rising price of liquid hydrocarbons added $1.9-2.3 billion to the company’s […]

The largest shareholder of Tesla (NASDAQ:TSLA), Ilon Musk, whose fortune is estimated at $219 billion, has become the richest person in the world. This is reported by Forbes with reference to the data of the rating of the richest people in the world according to the publication. The businessman took the first line for the […]

Germany’s economy ministry announced Monday that Berlin has taken control of the local unit of Russian gas giant Gazprom, saying Gazprom Germania violated the country’s foreign trade law, Business Insider writes. The move came after the Economy Ministry learned that the Gazprom unit in question had been acquired by Palmary SA and Gazprom Export Business […]

European stock indices are trading mixed on Tuesday, with investors assessing the possibility of new sanctions against Moscow, which could lead to a rise in commodity prices and fuel concerns about inflation. By 03:40 a.m. ET (07:40 GMT), Germany’s DAX index was trading 0.4 percent higher, France’s CAC 40 was up 0.1 percent and Britain’s […]

Russia will no longer be able to use its U.S. dollar accounts with U.S. banks to repay coupons on dollar bonds, according to a decision by the U.S. Treasury Department. After freezing the Russian central bank’s foreign exchange reserves, Western countries prevented Moscow from paying interest on foreign debt due on Monday. However, Moscow was […]

In Q1 of this year, sales of German premium car maker Porsche (DE:PSHG_p), part of Volkswagen Group (DE:VOWG), in the US collapsed by 24.9% due to supply chain disruptions and a fire on a cargo ship carrying luxury cars across the Atlantic. The company said in a press release that it sold 13,042,000 vehicles in […]

The head of the European Commission Ursula von der Leyen announced the content of a new package of sanctions against Russia, RBC reports. Now these restrictive measures must be approved by the EU countries. Among the new sanctions is a complete ban on any transactions with four “key” Russian banks, including VTB (MCX:VTBR). They also […]

Amazon on Tuesday announced the largest rocket deal in the history of the commercial space industry, signing agreements with 3 companies for 83 launches of its Project Kuiper internet satellites, CNBC writes. Amazon signed launch contracts with United Launch Alliance, Arianespace and Blue Origin, a space company owned by Jeff Bezos. Project Kuiper is Amazon’s […]

TCS Group (MCX:TCSGDR) will buy 51% of the Russian developer of innovative solutions for ATMs “Bankom”. This is reported by the press-service of the company. The Bank will buy the stake from the sole owner of the company Sergey Rabotko, who will remain its co-owner and CEO. It is noted that “Tinkoff (LON:TCSq)” cooperated with […]

“Yandex” (MCX:YNDX) will close the “Yandex.Investments” service due to sanctions against VTB (MCX:VTBR), and hackers set a record for blockchain hacks and stole $1.3 billion worth of crypto assets – these and other important news for the morning of Wednesday, April 6, in our daily review. US-based Intel (NASDAQ:INTC), one of the world’s largest processor […]

The US dollar is growing slightly against the euro and strengthening quite actively against the yen during Asian trading on Wednesday as investors await the publication of the minutes of the March meeting of the US Federal Reserve System (Fed). On Wednesday evening, the minutes of the Fed’s March 15-16 meeting will be published, following […]

Oil prices are changing weakly and multidirectionally during the morning trading on Wednesday after a moderate decline the day before. Traders are waiting for official data on fuel reserves in the United States and assessing the balance of supply and demand in the global market. As the American Petroleum Institute (API) data published overnight showed, […]

U.S. stock indexes fell on Tuesday after a Federal Reserve official hinted at a more decisive tightening of monetary policy to curb inflation in the coming months. Lael Brainard, who is awaiting confirmation of her nomination as Fed vice chairwoman, said lowering inflation is the central bank’s main goal, which could start reducing the size […]

Investments of Russians in cryptocurrencies may lead to a reduction in the Russian financial sector and reduce the growth potential of the Russian economy, as well as the replacement of the ruble. This was stated by the first Deputy Chairman of the Central Bank Ksenia Yudaeva, writes “Kommersant”. “Investments of citizens in cryptocurrencies may lead […]

China’s economy is undergoing its most serious test since the COVID-19 virus outbreak in Wuhan 2 years ago. The emergence of new strains and sub-strains of COVID-19 was always likely to challenge Beijing’s zero-tolerance policy, forcing it to adopt even tighter restrictions to contain a disease that was becoming less dangerous but more contagious. And […]

Despite a relatively poor start to 2022, we are confident that we are emerging from the investment regime that prevailed after the 2008 global financial crisis, according to Tony De Spirito, chief investment officer of BlackRock’s core equities division, who presented the fund’s outlook for the second quarter of this year. In doing so, De […]

Against the background of BTC’s fall – it lost almost 3% over the last day and more than 4% over the week – Dogecoin stands out significantly among most other cryptocurrencies, demonstrating growth of 10% over the day and more than 14% over the week at the close of the trading session. As a reminder, […]

There are no grounds for a real default of the Russian Federation in fulfilling its obligations to service its foreign debt, Russian presidential spokesman Dmitry Peskov said. “Russia has all the necessary resources to service its debts. You know that significant amounts of our reserves are blocked in foreign countries, so if this blocking continues […]