The Russian Finance Ministry will study the representativeness of the Russian oil indicators proposed by the St. Petersburg Mercantile Exchange. This was announced by Deputy Finance Minister Alexei Sazanov, according to the PRIME news agency. According to him, the Ministry is ready to discuss the transition to these indicators for the calculation of taxes and […]

Russian President Vladimir Putin does not expect Russia to have any losses due to the introduction of an oil price ceiling, Prime news agency reports. “We will have no losses under any circumstances,” Putin said at a press conference following his visit to Kyrgyzstan. Putin also noted that the size of the ceiling roughly corresponds […]

Stock indices of the Asia-Pacific region (APR) are declining. Traders are waiting for the meetings of major central banks this week. In the evening on Wednesday the results of the two-day meeting will be summarized by the Federal Reserve System (FRS) of the USA, the Bank of England and the European Central Bank (ECB) will […]

EU countries failed to agree on the 9th package of sanctions against Russia, and Russian banks recorded growth of deposits in yuan by “hundreds of percent” – these and other important news for Monday morning, December 12, in our daily review. Head of Eurodiplomacy Josep Borrell said that EU countries failed to agree on the […]

Microsoft Corporation announced the decision to acquire 4% of the shares of the London Stock Exchange (LSE) and the beginning of a 10-year partnership. This is reported on the company’s official website. “This strategic partnership is an important step in LSE’s journey to become a leading global financial markets infrastructure and data business and will […]

Gasoline prices in the U.S., which reached record levels this summer, have fallen to levels lower at the end of the year than in December last year, thanks to lower demand for fuel and falling oil prices, The Wall Street Journal writes. The average cost of Regular gasoline on Monday is about $3.28 a gallon, […]

India will start using the rupee in trade settlements with Russia from next week, the head of the Federation of Indian Export Organizations, Ajay Sahay, said. This is reported by Prime news agency. In early November, the Indian government authorized the use of the national currency in international trade settlements to promote exports within the […]

British grid operators are taking steps to postpone the planned closure of coal-fired power stations so they can serve as a backup in case of problems in Britain’s energy sector this winter, Bloomberg reported Monday. “Britain’s power grid operator is paying coal-fired power stations that were about to be shut down 400 million pounds to […]

Russia’s response after the imposition of an oil price ceiling by the West will be finalized and institutionalized by presidential decree in the coming days, Russian presidential spokesman Dmitry Peskov said. His words are reported by the Prime news agency. “I want to recall that in Bishkek, the president said that we will talk about […]

Central banks will meet this week, with the Federal Reserve, the European Central Bank and the Bank of England expected to raise their key rates by 50 basis points. Markets remain quiet in anticipation. Amgen is the latest bidder in the $26 billion Horizon Therapeutics auction, and Microsoft is set to acquire a stake in […]

The federal budget of the Russian Federation in January-November 2022, according to preliminary data, was executed with a surplus of 557.023 billion rubles, according to the Ministry of Finance. In January-September, according to revised data announced by Russian Finance Minister Anton Siluanov, the budget was executed with a surplus of about 200 billion rubles, or […]

China will continue to import large volumes of oil and gas from the Persian Gulf countries and make only settlements in Chinese yuan. This was announced by Chinese President Xi Jinping at a summit with Arab leaders, Business Insider reports. “The platform of the Shanghai Oil and Natural Gas Exchange will be fully used for […]

Chinese authorities have banned the supply of processors to Russia to replace Intel, and Bloomberg reported on Russia’s chance to regain leadership in gas supplies to the EU – these and other important news for Tuesday morning, December 13, in our daily review. Chinese authorities have banned the export to Russia and other countries of […]

Sam Bankman-Fried, the former head of bankrupt cryptocurrency exchange FTX, was arrested Monday night by authorities in the Bahamas at the request of the U.S. government, a U.S. attorney confirmed. Bankman-Fried was arrested based on an indictment filed by the Southern District Court of New York, according to a court statement citing U.S. Attorney Damian […]

Unemployment in the UK, calculated according to the methodology of the International Labor Organization (ILO), in August-October 2022 was 3.7%, according to data from the National Statistics Office (ONS) of the country. In May-July this year, the figure was 3.6% – the lowest level since mid-1974. The UK’s employment rate was 75.6% in August-October, up […]

In November, consumer prices in Germany, harmonized with European Union standards, increased by 11.3% in annual terms, according to final data from the country’s Federal Statistical Office (Destatis). The rate of inflation slowed from 11.6% in October, when the indicator reached the maximum value in the history of observations. In monthly terms, inflation fell to […]

Goldman Sachs Group Inc. plans to cut about 400 jobs in its retail banking division, Bloomberg reports, citing informed sources. Earlier, Goldman Chief Executive Officer David Solomon said that the bank intends to abandon its previous ambitions in this area. The retail division, which is unprofitable, intends to stop making loans in the coming months, […]

Bitcoin as the world’s dominant cryptocurrency has been uncharacteristically quiet over the past 2 weeks, treading between $15,770 and $17,350 after the market crash caused by the collapse of the FTX exchange in November, and now what will happen next, no one knows, writes Reuters. “The question we have to ask ourselves now is: are […]