The Central Bank has reduced the key rate to 17% per annum, the regulator said. The Bank of Russia admits the possibility of continuing to reduce the key rate at the next meetings. Also, the Central Bank said. that external conditions for the Russian economy remain difficult and significantly limit economic activity. The regulator also […]

Natural gas futures prices declined during the European session on Friday. At the New York Mercantile Exchange, natural gas futures for delivery in May are trading at $6.36 per million Btu, down 0.05% at the time of writing this commentary. The session low was $/mmBtu. At the time of writing, natural gas found support at […]

The European stock market traded higher on Friday, ending a volatile week on a positive note as investors continue to digest the prospect of tighter monetary policy, new sanctions on Russia and potential political turmoil in France. By 03:50am ET (07:50 GMT), Germany’s DAX index was trading 1.4% higher, France’s CAC 40 was up 1.5% […]

Japan, following the European Union, is introducing another package of sanctions against Russia in response to the special operation in Ukraine, Lenta.ru reported. Tokyo imposes additional restrictions on about 400 Russians, including MPs, and 20 organizations from Russia, including Sberbank and Alfa Bank. As part of the new sanctions, Japan intends to freeze the assets […]

Consumer prices in Greece jumped 8.9% year-on-year in March, at a record pace since June 1995, data released by the Hellenic Statistical Authority (ELSTAT) showed on Friday. Inflation stood at 7.2 percent in February. On a month-on-month basis, consumer prices rose 2.7% after a 1.1% increase a month earlier. Prices for housing and utilities in […]

After Ilon Musk acquired a 9.2% stake in social network Twitter (NYSE:TWTR), it made him the largest shareholder in the social media platform. But in light of employee concerns about Musk’s appointment to the company’s board of directors, Twitter decided to hold a Q&A session with Musk, Business Insider writes. Many Twitter employees expressed disappointment […]

American market researcher Jim Bianco has warned that the Federal Reserve’s tough policy to curb “wild inflation” will cause Wall Street big losses. In his opinion, all financial assets may suffer, writes CNBC. Bianco was bearish on the stock market at the end of 2021, mainly because of inflation risks. The Fed’s fault, he believes, […]

The Russian Ministry of Finance has finalized the draft law on regulation of the crypto market and sent it to the government for consideration. This is stated in a statement by the ministry. The document clarifies and specifies certain provisions, including those related to digital mining activities. “The bill provides for the creation of a […]

Sberbank following the reduction of rates on deposits and consumer loans lowered mortgage rates. As stated in the Bank, the majority of mortgage programs since April 11, rates are reduced by 2.1 percentage points (p.p.). The rate on loans for the purchase of ready-made housing and apartments in new buildings now starts from 16.9% (previously […]

The rate of growth of consumer prices in China in March became the highest for three months amid problems in supply chains due to severe measures to combat coronavirus and the increase in the cost of energy resources. Consumer prices (CPI) rose 1.5% year-on-year last month, China’s State Statistics Office (SSO) said. The index rose […]

US President Joe Biden has signed two bills imposing additional sanctions on Russia and Belarus, the White House said. The report said that the “Stop Importing Russian Oil Act”, which bans imports of energy products from the Russian Federation, and the “Suspension of Normal Trade Relations with Russia and Belarus Act”, aimed at further strengthening […]

The Russian government will allocate a total of 311 billion rubles to support airlines and airports in 2022. Ilya Torosov, First Deputy Minister of Economic Development, told Izvestia on Monday, April 11, in an interview. “As the first step in measures to support the aviation industry, a decision has been made to allocate 25 billion […]

European Union countries still have not reached a unified position on the issue of imposing an embargo on Russian oil, and Ilon Musk refused to join the board of directors of Twitter (NYSE:TWTR) at the last minute – these and other important news for Monday morning, April 11, in our daily review. European Union countries […]

At the opening of trading on April 11, shares of Russia’s Rosbank soared 39.47% to 95.4 rubles per share as of 10:10 MSC, trading data show. This came after the investment company Interros announced the acquisition of a stake owned by French banking group Societe Generale (PA:SOGN), RBC writes. Interros also emphasized that the terms […]

The net profit of Mastercard’s (NYSE:MA) Russian subsidiary RBSU in 2021 increased by 12% to 7.5 billion rubles, according to the company’s financial statements. Mastercard’s revenue grew by 50% to 23.7 billion rubles in 2021. The cost of sales increased by 32%, to 12.2 billion rubles. Mastercard’s accounts payable increased by 23.5% to 1.1 billion […]

Swedish mobile network equipment manufacturer Ericsson has decided to suspend its business in Russia for an indefinite period of time, Kommersant reports. At the end of February, the company stopped supplying products to Russia. According to the publication’s sources, Ericsson’s share in the Russian telecommunications market is up to 20%. “At the end of February, […]

WarnerMedia (owned by AT&T) and Discovery (NASDAQ: DISCA) have finalized the merger of their media assets into a new company, Warner Bros Discovery, Reuters reports. WarnerMedia and Discovery announced the deal to merge into a new company last May. Warner Bros Discovery will begin trading on the NASDAQ stock exchange under the ticker WBD on […]

The European Union has banned flights of 20 more Russian-certified airlines due to the fact that their airplanes “do not meet international safety standards”. This is stated in the document of the European Union, posted on the website of the European Commission. Among the listed airlines are Aeroflot (MCX:AFLT) and its subsidiaries (Pobeda and Rossiya), […]