The global rise in energy prices is beginning to negatively affect the volume of demand, according to the head of the Asian business of the world’s largest oil trader Vitol Mike Mueller. Consumers are being hit by rising prices for gasoline, diesel and other products, Mueller noted on the Gulf Intelligence podcast. “There’s very clear […]

Quotes of gold futures rose during Asian trading on Tuesday. On COMEX, a division of the New York Mercantile Exchange, gold futures for delivery in August are trading at $1.00 per troy ounce, up 0.55% at the time of writing this commentary. The maximum of the session was at $1.00 per troy ounce. At the […]

In Canada, a growing number of companies expect the country’s inflation rate to remain well above 2% for 3 years or more, with a third of firms planning to substantially increase the prices of their products to customers, a quarterly Bank of Canada survey showed. Nearly half of the companies surveyed, or 47%, expect to […]

Workers of a number of companies in the extractive industry in Norway went on strike, demanding higher wages. The suspension of work of the companies will reduce oil production. The workers demand higher wages to compensate for rising inflation. The Norwegian government said it was closely monitoring the conflict and was ready to intervene to […]

Potanin said he agreed to discuss a merger between Nornickel and UC Rusal (MCX:RUAL), and the authorities revived an initiative to ban currency-linked contracts – these and other important news for Tuesday morning, July 5, in our daily review. “Norilsk Nickel, the world’s leading producer of palladium and high-grade nickel, has agreed to return to […]

What happenedYury Denisov, Chairman of the Board of Moscow Exchange, reduced his stake in the exchange’s capital from 0.035% to 0.0000004%, according to a message on the information disclosure website. The date of the event is June 4. According to the closing price of Mosbirzhi shares on June 4, the sold stake corresponds to about […]

Asia-Pacific stock indexes were mostly up Monday morning as the U.S. may announce this week that it will lift some tariffs on Chinese consumer goods. Japan’s Nikkei 225 index added 0.69% by 22:33 Eastern Time (02:33 GMT). South Korea’s KOSPI jumped 1.42%. Australia’s ASX 200 was up 0.27%. Hong Kong’s Hang Seng rose 0.77%. China’s […]

German Chancellor Olaf Scholz said yesterday that the current economic problems in Germany will not be solved anytime soon. “Today’s crisis will not end in the next few weeks. We must be prepared that the situation will not change in the foreseeable future. In other words, we are dealing with a historic challenge,” Bloomberg quotes […]

Volvo Group has started laying off staff in its Russian divisions to adapt to the changed conditions, the company’s press service told Interfax. The conditions under which employees will be laid off and their number are now being determined by the management of Volvo Group’s Russian office. The press service does not specify which departments […]

Currency analysts at MUFG expect concerns about the global economy and vulnerabilities due to high levels of domestic debt to undermine the Canadian dollar. According to the bank, “We recommend a long USD/CAD trade idea to reflect the growing risk of further weakening of the Canadian dollar in the near term amid growing concerns about […]

Trade turnover between Turkey and Russia in 2022 is projected at about $50 billion against $35 billion in 2021, Turkish Ambassador to Russia Mehmet Samsar told reporters on the sidelines of the Innoprom-2022 exhibition. Thus, the indicator this year may grow by 43%. “Last year $35 billion (was the trade turnover between Turkey and the […]

In January-May 2022, Russian banks issued car loans worth 257.3 billion rubles or 40.9% less than in the same period last year, according to the report of the National Bureau of Credit Histories (NBKI). At the same time, compared to the first 5 months of “pandemic” 2020, the volume of issued car loans at the […]

Changes in the US dollar and yuan on the Moscow Exchange at the start of trading on Tuesday morning are insignificant, while there were no transactions with the euro in the first 10 minutes. The first transactions on the US dollar were held in the range of 58.36-58.5 rubles, at the end of the third […]

The Dow index entered further into bear market territory on Tuesday, but Big Tech stocks rebounded despite growing concerns about a slowing global economy. The U.S. Federal Reserve is determined to stop inflation, but some fear it will overreach and push the U.S. economy into recession. The impression is that the Fed is expected to […]

Shares of electric car maker Tesla (NASDAQ:TSLA) fell 6.5% to $248 during trading on the NASDAQ premarket on Monday, October 3. At the time of writing, the decline had slowed to 4.62%, RBC notes. Quotes began to decline amid the publication of the quarterly supply report. According to the results of the third quarter of […]

There was a dramatic shift in the currency rate of the British pound on Monday: it rose sharply against the dollar after the UK government announced the withdrawal of the plan to cut taxes for the rich, which scared investors and shook the market, writes Business Insider. This news was confirmed today by UK Finance […]