Intel Corp. issued one of the bleakest quarterly outlooks in its history after a slump in the personal computer sector caused its shares to plunge and stalled efforts to revitalize its business, Bloomberg writes. The company warned of unexpected losses in the current period and a sales range that fell short of analysts’ estimates by […]

The EU Council has extended for six months the sanctions against Russia imposed because of the events in Ukraine, according to a statement published on the organization’s website. “The Council today decided to extend until July 31, 2023 restrictive measures directed against specific sectors of the economy of the Russian Federation,” the statement reads. The […]

The deputy head of the Ministry of Economic Development said about the bad impact on the budget of a strong ruble, and Russian miners have increased capacity amid domestic demand for cryptocurrency – these and other important news for Monday morning, January 30, in our daily review. The balance rate of the ruble for the […]

Ireland’s Ryanair Holdings Plc, Europe’s largest discount airline, posted a net profit in the third quarter of fiscal 2023 and reaffirmed its outlook for the current fiscal year as a whole. The company said in a press release that its net profit for the three months ended Dec. 31 was 211 million euros, compared with […]

This week promises to be an eventful one as 3 of the world’s largest central banks hold monetary policy meetings and 3 of the 4 largest US companies by market capitalization report earnings. The U.S. Federal Reserve is expected to slow the pace of interest rate hikes, while the European Central Bank and the Bank […]

International rating agency Fitch has revised the outlook for Georgia’s long-term foreign currency Issuer Default Rating (IDR) from “stable” to “positive”, affirming the rating at “BB”, Fitch said in a statement. The short-term IDR in foreign currency is affirmed at ‘B’, the country ceiling at ‘BBB-‘. “The positive outlook partly reflects very strong GDP growth […]

Investors are showing a weak level of confidence in U.S. stocks even after this month’s rally: most believe the market has not yet bottomed out due to concerns about corporate earnings, Bloomberg reports. About 70% of the agency’s 383 respondents hold that view. At the same time, 35% said that the market will fall to […]

Currency analysts at MUFG note that there has been a significant change in market positioning ahead of the latest Bank of Japan (BoJ) meeting, which will limit further buying opportunities for the yen in any further policy change. There will also be corrective pressure after the dollar/yen (USD/JPY) exchange rate has fallen more than 15% […]

Shipments of smartphones in China last year fell to 285.8 million units, according to data from research company IDC. On a year-on-year basis, the figure fell by 13.2% and fell below the 300,000 mark for the first time in a decade. The decline in demand was influenced by tight restrictions under the “zero-tolerance” COVID-19 policy […]

The main contribution to the increase in Gazprom (MCX:GAZP) reserves due to exploration in 2022 was made by the Tambeyskoye and Pestsovoye fields, said Vitaly Markelov, Deputy Chairman of Gazprom’s Management Committee, in an interview with the Gazovaya Promyshlennost magazine. “The increase in hydrocarbon reserves due to exploration, as in the previous 17 years, exceeded […]

India’s Adani Group Corporation issued a response on Sunday to a report by short-seller Hindenburg Research that triggered a $48 billion collapse in its shares, saying it complied with all local laws and had provided necessary information to regulators, Reuters writes. The conglomerate, led by Asia’s richest man Gautam Adani, said the Hindenburg Research report […]

US investment bank Goldman Sachs has restructured its assets in Russia, RBC reports citing two sources in the investment market. According to one of them, the asset portfolio was bought out by the top management of the American bank – managing director of the European special situation group of Goldman Sachs Maxim Klimov and managing […]

The dollar pulled back from an 8-month low on Monday ahead of this week’s central bank meetings, although its gains were limited by a dovish reassessment of expectations of a rate hike by the U.S. Federal Reserve versus more hawkish banks, Reuters writes. The U.S. dollar index rose 0.03% to 101.92 after hitting an eight-month […]

With 40% growth, January 2023 risks becoming the best month for Bitcoin in 10 years. One of the world’s largest banks, Goldman Sachs, has rated the cryptocurrency as the most profitable asset, including on a risk-adjusted basis. Bitcoin outperformed gold, stock markets and the real estate sector by a significant margin. Image source: twitter.com/DocumentingBTC A year […]

According to a Reuters poll, manufacturing activity in China will shrink at a slower pace in January than in December, with workers continuing to fall ill with coronavirus after the government lifted a regime of strict restrictions. The resurgence of infections among the population has gone even faster than economists expected, hence the continued disruptions […]

The Moscow Exchange will start trading in futures on the USD/CNY currency pair on January 31. On the same date, trading in options on these contracts will begin, according to the site’s website. The lot of the new contract will be $1000. The minimum price step is 0.001 points, the cost of a price step […]