The net loss of Ireland’s Ryanair Holdings Plc, Europe’s largest discount airline, narrowed 65%, or 2.8 times, to 355 million euros in the fiscal year ended March 31, compared with a loss of 1.01 billion euros in the same period a year earlier. The consensus forecast of analysts polled by FactSet called for a figure […]

The index committee of the Vienna Stock Exchange (Wiener Boerse) for Central and Eastern Europe (CEE) and CIS countries decided to exclude 14 securities of sanctioned Russian companies from the relevant indices at zero price, according to the review of BCS Global Markets (BCS GM). The list includes Gazprom (MCX:GAZP), Sberbank (MCX:SBER), LUKOIL (MCX:LKOH), Rosneft […]

The negative foreign trade balance of the eurozone (with countries that are not members of the eurozone) in March 2022 amounted to 16.4 billion euros compared to a deficit of 7.6 billion euros in February, according to Eurostat data. In March last year, the eurozone’s foreign trade surplus amounted to 22.5 billion euros. In January […]

McDonald’s fast food restaurant chain has announced that it will finally leave Russia, RBC reports. The company’s business in Russia will be sold. Earlier it became known that McDonald’s suffered losses of $127m as a result of the suspension of work in Russia and Ukraine.

Saudi Arabia reported a budget surplus of 57.5 billion riyals ($15.3 billion) in the country’s first quarter of this year amid continued spending restraint despite rising oil revenues, Bloomberg writes. The country’s total government revenue totaled 278 billion rials, up 36% from the same quarter a year ago, while spending rose 4% over the same […]

According to Bank of America, U.S. corporations can save the country’s stock market by returning some cash to investors, writes Business Insider. The bank estimates that U.S. corporations have $7.1 trillion in liquid assets that could be returned to investors through dividends and buybacks. “Corporate debt levels are the lowest in decades, providing ample opportunity […]

Consumer prices in the UK jumped 9% in April 2022 compared to the same month last year, data from the country’s Office for National Statistics (ONS) showed. The rise was the highest in more than 40 years. Inflation accelerated from March, when consumer prices rose 7%. Analysts polled by Bloomberg on average expected consumer inflation […]

The Ministry of Economic Development forecasts an average annual dollar exchange rate of 76.7 rubles/$ in 2022, 77 rubles in 2023, 78.7 rubles in 2024, and 2025. – 81 rubles. As a representative of the ministry told reporters, such figures are included in the basic version of the main parameters of the scenario conditions of […]

The US stock market rose thanks to positive statistical data showing that the US economy remains resilient despite a significant tightening of monetary policy by the Federal Reserve (Fed). Fed chief Jerome Powell said during the Future of Everything Festival event organized by The Wall Street Journal that the U.S. central bank has the necessary […]

The U.S. economy is “undoubtedly” headed for a downturn, said Wells Fargo & Co. chief executive Charles Scharf. Charles Scharf. “It’s going to be hard to avoid some kind of recession,” Scharf said during a Future of Everything Festival event organized by The Wall Street Journal. The Federal Reserve (Fed) has raised rates by 75 […]

The Bank of Russia has registered an issue of subordinated bonds of Sovcombank series T2-01 in the amount of $600 mln, the regulator’s website reports. The issue was assigned registration number 4-15-00963-B. The circulation term of the issue is 8.5 years, the possibility of early redemption at the discretion of the issuer is provided. The […]

Japan’s economy returned to contraction in the first quarter of 2022, shrinking by 0.2% compared to the previous three months, preliminary official data showed. Experts on average had forecast a stronger GDP decline of 0.4%. According to the revised data, GDP rose 0.9% in the fourth quarter, not 1.1% as previously reported. The contraction in […]

Car sales in the European Union in April declined by 20.6% relative to the same period in 2021, according to the European Automobile Manufacturers Association (ACEA). The fall continues for the seventh month in a row amid a persistent global shortage of semiconductor components, which negatively affects the automotive industry. In March, the figure was […]

The Russian stock market started trading on the rise amid favorable external stock market conditions and a temporary lull in the West’s anti-Russian sanctions rhetoric. In the U.S. stock indices on the eve rose by 1.3-2.8%, led by Nasdaq, thanks to positive statistical data showing that the U.S. economy remains stable, despite a significant tightening […]

German Deutsche Bank has terminated relations with a number of Russian banks that had correspondent accounts in euros opened with it. This is reported by RBC with reference to sources. Deutsche Bank in mid-March 2022 sent Russian banks a notice of closure of accounts on April 8, in fact, the accounts worked until April 7 […]

Russia will face a two-year recession: the country’s GDP will shrink in 2022 and 2023. This forecast is contained in the updated scenario conditions of economic development for 2023 and the planned 2024-2025 years developed by the Ministry of Economic Development. The document was familiarized with “Vedomosti”. The Ministry of Economic Development reported that the […]

In May, professional investors became even more wary of shares of technology companies. This is reported by CNBC with reference to the survey of Bank of America among fund managers. According to the survey, managers reduced their positions in shares of technology companies by 23 percentage points compared to the previous month – up to […]

Famous short-seller Michael Burry, according to a filing with the U.S. Securities and Exchange Commission (SEC), has bet against Apple this time, The Street writes. During the first quarter, Burry, who is at the helm of hedge fund Scion Asset Management, which is known for predicting and profiting from the housing bubble and subprime mortgage […]