The application of music streaming service Spotify has been removed from the App Store and Google (NASDAQ:GOOGL) Play app stores in Russia. This decision was taken in response to the Russian special operation in Ukraine, Kommersant reported. Earlier, on March 3, Spotify closed its office in Russia and removed Russian media content. On March 6, […]

The most popular cryptocurrency exchange in the U.S., Coinbase, has big ambitions that focus on conquering new countries. This will allow it to expand its audience as well as increase revenue at a time when crypto trading in the US itself is slowing down, The Street writes. One of the cornerstones of this international expansion […]

In Shanghai, home to the world’s busiest port, a wave of quarantine restrictions due to the COVID-19 outbreak has forced millions of people (about 3 times the number living in New York City) to stay self-isolated at home and undergo mass testing for the virus, CNBC writes. Since the coronavirus began rising in late February, […]

Ethereum co-founder Vitalik Buterin believes that the acquisition of Twitter (NYSE:TWTR) by billionaire Ilon Musk will have a negative impact on the social networking market in the future. He wrote about this on his Twitter account. The creator of the second-capitalization cryptocurrency Vitalik Buterin said in response to Ilon Musk’s reported acquisition of social media […]

As fears of a U.S. recession grow as the Federal Reserve prepares to fight inflation, many investors in the stock market have already taken a defensive stance and may wonder if such defensive strategies will have room to run, Market Watch writes. If you check Google (NASDAQ:GOOGL)’s Google search data on recession, the fears around […]

PhosAgro, Europe’s largest phosphate fertilizer producer, has decided not to publish its operating and financial results for the first quarter of 2022. The corresponding message is posted on the company’s website. “Given the suspension of trading in the company’s GDRs, the publication of operating and financial results for the first quarter of 2022 may put […]

VTB (MCX:VTBR) has completed the transfer of clients’ foreign securities to other financial organizations, RBC reports citing the bank’s press service. “Clients’ securities were transferred to more than 50 professional securities market participants,” the credit organization said. However, about 500 VTB clients had problems with the transfer of some foreign securities, as they were not […]

Russian President Vladimir Putin has instructed to speed up the transition of foreign trade to rubles and national currencies of other countries. He said this during a meeting on economic issues. The president also emphasized that Russia had withstood the economic pressure of the West. “We can already confidently say that such a policy towards […]

Currency analysts at ING do not expect this Thursday’s ECB statement to be strong enough to provide sustained support for the euro, especially given the underlying pressures. According to the bank, “we do not expect the ECB to deliver a sufficiently hawkish statement to offset the unfavorable external environment and euro valuation.” Looking at the […]

In today’s trading, the US dollar continues to appreciate due to rising geopolitical tensions, as well as on expectations of faster monetary policy tightening by the Federal Reserve (Fed) compared to other global central banks. The ICE-calculated index, which shows the dollar’s performance against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and […]

The World Bank has worsened its forecast for global economic growth in 2022 to 3.2%, the Singapore edition of The Business Times quoted WB President David Malpass as saying. In January, the WB expected global GDP growth of 4.1%. Meanwhile, the estimate for global GDP lift in 2021 has been raised to 5.7% from 5.6%. […]

U.S. stock indices declined weakly at the beginning of the week, filled with corporate reports of companies on the background of the continuing growth of yields on U.S. government bonds. The Dow Jones Industrial Average fell 0.11% to 34411.69 points. Standard & Poor’s 500 fell by 0.02% to 4391.69 points. The Nasdaq Composite Index decreased […]

Russian oil companies continue to reduce oil refining due to difficulties with product exports, and the Russian Finance Ministry issued state loans to foreign countries for Rb 81.6bn in March. – these and other important news for Tuesday morning, April 19, in our daily review. Russian oil companies continue to reduce oil refining due to […]

The U.S. dollar and euro are getting cheaper on the Moscow Exchange. The ruble is growing against the bi-currency basket against the background of preparation of exporting companies for the main tax payments in April. The first transactions on the US dollar were held in the range of 79.4-79.8 rubles. At the end of the […]

Valio, a well-known Finnish dairy producer that announced its withdrawal from Russia amid the military operation in Ukraine, is looking for buyers for its assets. According to Kommersant, one of the possible contenders is Rusagro Group (MCX:AGRODR) of ex-senator Vadim Moshkovich. In addition to the plant near Moscow with a capacity of 15,000 tons of […]

Shares of Aeroflot (MCX:AFLT) fell by 3.25% to 30.3 rubles per share at the opening of trading on April 19. This is evidenced by the trading data of the Moscow Exchange. By 10:14 MSC the decline had slowed to 0.89%, and quotations amounted to 31.04 rubles per share. As of 10:45 MSC shares are trading […]

SpaceX, Neuralink, Boring Company and Tesla (NASDAQ:TSLA) CEO Ilon Musk said that the companies founded or managed by him are charitable because they seek to improve the future of mankind, Business Insider writes. This statement by Musk was made in a video interview with Chris Anderson, the chief organizer of the TED conference, a private […]

Katie Wood’s Ark InvestArk fund predicts Tesla shares will more than quadruple to $4600 by 2026, Bloomberg writes. Ark said as recently as last year that the electric car maker’s shares would rise to $3,000 by 2025, then updated the estimate amid new expectations about the prospects for Tesla’s robotaxi fleet and capital efficiency. “Wood’s […]