Currency analysts at MUFG believe sterling’s outlook for 2023 is more constructive, and cite several reasons for increased confidence. The bank expects some recovery in political confidence to support sentiment, while lower gas prices will help improve the fiscal position. The bank is also optimistic that improved relations with the EU have brought a deal […]

European Union leaders are very concerned about the American Inflation Reduction Act. This is a large-scale subsidy scheme run by the United States administration. It is pulling investment and, in particular, car production from the EU to the other side of the Atlantic. Speaking at the World Economic Forum in Davos, the President of the […]

Sberbank has announced that it is entering the Crimean market. The first ATMs have already been installed on the peninsula, a team has also been formed, Kommersant writes. “Gradually during 2023, the bank’s offices will be opened, the first of them in the largest cities will start working in the first half of the year. […]

The issue of the Russian government providing feedback on the draft law allowing to legalize cryptocurrency mining in the country has “stalled” so far, there are disagreements not only with the Bank of Russia, but also with law enforcement agencies, Deputy Finance Minister Alexei Moiseyev told reporters on the sidelines of the State Duma. About […]

Apple has postponed the release of mixed reality glasses, Bloomberg reports. According to the publication’s editor Mark Gurman, Apple will release its first-ever mixed reality headset in two versions – top-of-the-line and simplified. It is expected that the premiere of the flagship headset will take place this year, and in 2024 or 2025, a cheaper […]

At the beginning of 2023, investors began to get rid of American shares and rushed into assets of other countries, including European ones. Bloomberg writes about the change of preferences in the market with reference to Goldman Sachs analysts. Only for the first two weeks of the year the outflow of funds from the U.S. […]

There can be no talk about negotiations with Ukrainian President Volodymyr Zelenskyy, Russian Foreign Minister Sergey Lavrov said at a news conference, RBC has reported. “There can be no talk of negotiations with Zelensky, well, at least because he is legally forbidden to negotiate with the Russian government,” he said. Lavrov said Russia is ready […]

In the US, retail sales and producer price data for December will be released today, which may or may not contribute to hopes of a Fed reversal. The Bank of Japan has refused to do a U-turn despite all bets that it will be forced to abandon its cap on bond yields. The Bank of […]

The U.S. Securities and Exchange Commission (SEC) inadvertently published 650 names and email addresses of cryptocurrency miners associated with blockchain firm Green as part of an investigation into the company, Cointepegraph writes. “The Privacy Act of 1974 prohibits the arbitrary release of information about individuals that the federal government maintains in its filing system,” the […]

Saudi Arabia is open to discussing oil and gas trade settlements in currencies other than the US dollar, the country’s Finance Minister Mohammed Al-Jadaan said. The Kingdom, in particular, is ready to consider trade transactions in euros and Saudi riyals, Kommersant reports. “There is no problem with discussing in which currency we conduct our trade […]

According to experts at investment and asset management firm LPL Financial, pessimism about corporate earnings in 2023 has gone too far, and there are all signs on the horizon that the pressure on corporate earnings is already easing, including a weaker dollar, Business Insider wrote. A slight decline in corporate earnings forecasts could actually be […]

Shares of cryptocurrency exchange Coinbase jumped more than 10% to $53 per share on Tuesday thanks to a prolonged rally in the cryptocurrency market, writes Business Insider. Last week, Coinbase announced it was cutting 20% of its workforce due to tough economic conditions. This positive performance of Coinbase stock has occurred when cryptocurrency prices are […]

Today’s trading in the Russian stock market began with a decline in indices following a drop in oil and a pullback in indices in the United States on weak statistics and statements by representatives of the Federal Reserve. European stock indicators ended trading on Wednesday without any unified dynamics. American stock markets fell on weak […]

Xi Jinping announced a “new phase” of the fight against the pandemic in China, and VTB launches a digital bank in Telegram – these and other important news for the morning of Thursday, January 19, in our daily review. A “new phase” of the fight against the coronavirus has begun in China, Chinese President Xi […]

According to remarks by Loretta Mester, head of the Federal Reserve Bank of Cleveland on Wednesday, U.S. Federal Reserve officials are going to keep raising interest rates, and some are maintaining the maximum discount rate at or above 5 percent despite all signs of peaking inflation and slowing economic activity, Reuters writes. “I just think […]

The balance of power among the largest importers of liquefied natural gas in 2022 has completely changed – the European Union as a collective buyer has taken the first place with a huge gap, Japan is in the second place, and China has moved from the first place in 2021 to the third place. EU […]

Belarus has formed the macroeconomic conditions for GDP growth of 3.8% in 2023, said Deputy Economy Minister Dmitri Yaroshevich, quoted by the press service of the Ministry of Economy. “The necessary macroeconomic conditions have been formed in order to achieve the parameter set by the head of state – GDP growth of 3.8% in 2023,” […]

According to one of the Tesla shareholders who filed a class action lawsuit against Ilon Musk, the latter simply lied when he said at the time that funding for Tesla’s privatization had already been secured, writes Reuters. Tesla investor Glenn Littleton demanded damages on behalf of shareholders who traded Tesla shares days after Musk published […]