This morning, oil prices showed a slight increase after volatile trading the day before, but later again corrected to decline. Yesterday, the benchmark grades demonstrated active growth, the rise was up to 6%. However, in the evening quotations went down due to the strengthening of the dollar, which reduced the attractiveness of raw materials for […]

The Walt Disney Company has announced the suspension of all activities in Russia due to the events in Ukraine. In a statement released Thursday, the company recalls that it had previously suspended the transfer of films for commercial distribution in Russia. Now Walt Disney is “taking steps to suspend all other business in Russia.” This […]

The capital’s labor market has overcome the consequences of the coronavirus pandemic, the unemployment rate in the city is kept at less than 0.5%, the press service of the Moscow mayor and government said on Friday. “In 2021, the labor market completely overcame the consequences of the COVID-19 pandemic and returned to the natural state […]

The Bank of Russia has clarified the procedure for converting currency purchased on the stock exchange through a brokerage company into cash. For the time being, this is not possible due to restrictions previously imposed on banks when dealing with foreign currency, RBC writes with reference to the regulator’s message. “Issuance of cash foreign currency […]

“Tinkoff Investments” named March 14-15 as a possible date for the launch of trading on the stock market of the Moscow Exchange, reports RBC. “We are all in anticipation that we have to open SPOT, we have to open the stock market. According to our information, it will open on March 14-15,” Tinkoff Investments head […]

McDonald’s plans to temporarily suspend the chain’s restaurants across Russia from March 14, RIA Novosti reports citing the company’s press service. At the same time, the office will continue to operate in normal mode. The press service added that, to their regret, at the moment McDonald’s in Russia can not guarantee uninterrupted operation of the […]

Russian troops have advanced again in Ukraine after a week’s delay. The humanitarian disaster in the country is worsening, with the number of refugees now estimated at more than 2.4 million. Oil prices rose as talks to lift sanctions on Iran are on hold, dampening hopes of a rapid increase in Iranian oil supplies to […]

Russian businessman and co-owner of Novatek Gennady Timchenko will leave the company’s board of directors, RIA Novosti reports. The company’s materials show that the businessman was not included in the list of approved candidates for voting at the annual shareholders’ meeting. The European Union in late February included Timchenko in the sanctions lists, also sanctions […]

Lunar raised 70 million euros and launched a crypto trading platform, and Paxos received a license to provide services in Singapore – these and other important news of the cryptocurrency market in our review. Danish fintech startup Lunar raised €70 million in a Series D-2 funding round and launched a cryptocurrency trading platform. Payment giant […]

The Russian authorities are considering the possibility of compulsory buyout of shares from residents of “unfriendly” countries. This was announced by Deputy Finance Minister Alexei Moiseyev at a meeting of the State Duma. “This issue is being considered now, absolutely the right issue,” he said (quoted by Interfax). Thus, the deputy head of the Ministry […]

The U.S. Federal Reserve is expected to announce its first interest rate hike since 2018 on Wednesday as officials try to balance the twin threats of inflation hitting a 4-decade high and economic uncertainty caused by military action in Ukraine. The Bank of England is expected to raise rates again this week while the central […]

The Bank of Russia has decided to change the procedure for announcing the official dollar and euro exchange rates, and cyber fraudsters have leaked the data of more than 100,000 Russian bank cards – these and other important news for Monday morning, March 14, in our daily review. Due to increased volatility on the currency […]

German carmaker Volkswagen AG (VW) net profit rose 75% to 15.43 billion euros in 2021 from 8.82 billion euros in 2020. Adjusted operating profit rose to 19.28 billion euros from 9.68 billion euros a year earlier, the company said in a press release. Revenue rose 12.3% to €250.2 billion from €222.88 billion.ъ The company also […]

Goldman Sachs Group Inc. lowered its forecast for the S&P 500 index for the end of 2022 for the second time last month due to the conflict around Ukraine – to 4,700 points from 4,900 points. Earlier, Goldman Sachs expected the index to be around 5100 points at the end of this year, but in […]

Famous billionaire investor Warren Buffett has again bought shares in oil company Occidental Petroleum. After spending about $4.5 billion last week to buy 91.2 million shares of the company, he spent more than $1.5 billion again this week, adding another 27.1 million shares to Berkshire Hathaway’s portfolio, CNBC writes. The purchases were made on Wednesday, […]

The introduction of an embargo on Russian oil supplies will have a huge impact on Europe. This was stated by the representative of the Polish government on strategic energy infrastructure Piotr Naimski, his words are quoted by TASS. He recalled that Russian oil supplies to the US amounted to about 8% of US consumption. “The […]

As Wall Street begins to calculate the first damage done to the global market by sanctions against Russia following the start of its special operation in Ukraine, a large U.S.-based bond fund managed by Franklin Resources Inc. was among the early losers, Bloomberg writes. The Western Asset Core Plus Bond Fund, which has $37 billion […]

Finance Minister Anton Siluanov has said that Russia is interested in foreign companies continuing to work in the country. He said this in an interview with the Rossiya 24 TV channel. “Of course, the departure of these companies from our market is mutually disadvantageous to no one, and hits foreign companies, and, of course, affects […]