Currency analysts at BMO Capital Markets forecast that the New Zealand dollar will be a laggard in the complex of commodity currencies. In their opinion, the global fuel price spike will continue to have a negative impact on the country’s trade dynamics. In their monthly currency outlook update, analysts say the New Zealand dollar will […]

From July 1, Russian Railways will restore the order of coal exports from Kuzbass, Khakassia, Buryatia and Tuva, which was in effect in 2021, writes “Kommersant” with reference to the minutes of the meeting of the Board of Russian Railways on June 28, which was reviewed by the publication. “For Kuzbass and the republics (Khakassia, […]

US-based Tesla (NASDAQ:TSLA) Inc. is closing one of its Silicon Valley offices and laying off about 200 employees, knowledgeable sources told The Wall Street Journal. The company told employees that it will close the San Mateo office, which was focused on improving its Autopilot driver assistance system, and lay off more than half of the […]

The Chinese yuan rose against the U.S. dollar on Wednesday as the easing of anti-commodity rules for cross-border travellers in China had a positive impact on expectations for the country’s economic recovery. Before the session, the People’s Bank of China set the midpoint of the dollar/yuan pair at 6.7035 against 6.693 on Tuesday. In the […]

In May, retail sales in Germany increased by 0.6% compared to the previous month, according to data from the country’s Federal Statistical Agency (Destatis). Analysts polled by Trading Economics had on average expected an increase of 0.5%. The figure fell 5.4 per cent in April, the fastest pace in a year. Food sales in Germany […]

Russian fertiliser producers in May were able to partially recover from April’s production decline, according to data from Rosstat. Mineral fertiliser production in May increased by 14% year-on-year to 2 million tonnes (in terms of 100% nutrients). However, this is still significantly lower than last year’s level – by almost 11%. Potash output in May […]

The UK economy grew by 0.8% in the 1st quarter of this year compared to the previous three months, final data from the Office for National Statistics (ONS) showed. The data coincided with the preliminary estimate, analysts did not expect its revision. The estimate of growth of the British economy relative to the 1st quarter […]

Experts have assessed the ruble exchange rate under different consequences of the EU oil embargo, and Russian banks have sharply reduced lending to each other amid sanctions – these and other important news for Thursday morning, 30 June, in our daily review. The ruble exchange rate in 2023 will be 83 rubles per dollar if […]

“Gazprom” held an annual meeting of shareholders, which had a new composition of the Board of Directors. The shareholders also discussed the payment of dividends for 2021 and decided not to pay them, Kommersant reports. Earlier, the Board of Directors recommended paying a record dividend of 52.53 rubles per share. The company’s papers are losing […]

Despite the fact that the total volume of coal supplies to China has declined, the country has been buying significantly more Russian coal since May, according to S&P Global Market Intelligence. This is due to the fact that Russia offers very large discounts compared to prevailing international coal prices, CNBC wrote. Currently, the main coal […]

Consumer prices in France in June 2022, calculated according to French standards, increased by 5.8% in annualized terms after an increase of 5.2% in May, according to preliminary data from the National Statistics Office Insee. Relative to the previous month, prices increased by 0.7%. The acceleration of inflation is due to the strengthening of the […]

    The price of gas in Europe approached the $1,600 per 1,000 m³ mark during trading on the stock exchange on Thursday, data from London’s ICE exchange showed. The price of August futures at the TTF hub in the Netherlands rose to $1,582 per 1,000 cubic meters, or €145.75 per MWh (based on the […]

Mosbirji index collapsed by 6.85% to 2213.41 points, dollar indicator RTS fell by 6.09% to 1326.78 points. This is evidenced by the data of Mosbirzhi at 11:58 MSC. A sharp drop in indices followed the collapse of quotations of “Gazprom” by 30%. Shares of the gas company collapsed due to the decision of the shareholders’ […]

The Central Bank of Russia has presented a modernized 100-ruble bill, changed the color design and landmarks placed on the banknote. According to the Bank of Russia, the 100-ruble bill is dedicated to Moscow and the Central Federal District. The main image on the front side is a fragment of the Spasskaya Tower of the […]

In Russia, amid the improvement of the epidemic situation, previously imposed restrictions due to the coronavirus pandemic are being lifted, in particular, the mask regime is canceled, Rospotrebnadzor reported. “In connection with the continuing decline in the intensity of the epidprocess Rospotrebnadzor suspends previously imposed restrictions, including the mask regime, a ban on the work […]

Starting July 1, 2022, the regulated price of Gazprom (MCX:GAZP) gas in Russia will increase by 5% for industrial consumers and by 3% for households. This may automatically affect the gas supply price of independent producers, who sell gas tied to Gazprom’s regulated price, as well as the price of gas on the exchange. If […]

The Ukrainian authorities are considering the possibility of restructuring its foreign debt, Bloomberg has reported, citing sources. According to the agency, Ukraine has time until September 1, when it will have to pay $1.4bn of state debt including interest. One of the options under discussion is the use of frozen Russian assets as collateral, kommersant.ru […]

Russia’s manufacturing industry was stable in June, with a rebound in domestic demand softening the blow from a continued slump in exports, according to a survey on Friday, Reuters wrote. The business activity index (PMI) from S&P Global (NYSE:SPGI)rose to 50.9 from 50.8 in May, surpassing the 50.0 mark that separates growth from contraction, and […]