Today’s trading in the Russian stock market began with a decline in indices following a drop in oil and a pullback in indices in the United States on weak statistics and statements by representatives of the Federal Reserve. European stock indicators ended trading on Wednesday without any unified dynamics. American stock markets fell on weak […]

Xi Jinping announced a “new phase” of the fight against the pandemic in China, and VTB launches a digital bank in Telegram – these and other important news for the morning of Thursday, January 19, in our daily review. A “new phase” of the fight against the coronavirus has begun in China, Chinese President Xi […]

According to remarks by Loretta Mester, head of the Federal Reserve Bank of Cleveland on Wednesday, U.S. Federal Reserve officials are going to keep raising interest rates, and some are maintaining the maximum discount rate at or above 5 percent despite all signs of peaking inflation and slowing economic activity, Reuters writes. “I just think […]

The balance of power among the largest importers of liquefied natural gas in 2022 has completely changed – the European Union as a collective buyer has taken the first place with a huge gap, Japan is in the second place, and China has moved from the first place in 2021 to the third place. EU […]

Belarus has formed the macroeconomic conditions for GDP growth of 3.8% in 2023, said Deputy Economy Minister Dmitri Yaroshevich, quoted by the press service of the Ministry of Economy. “The necessary macroeconomic conditions have been formed in order to achieve the parameter set by the head of state – GDP growth of 3.8% in 2023,” […]

According to one of the Tesla shareholders who filed a class action lawsuit against Ilon Musk, the latter simply lied when he said at the time that funding for Tesla’s privatization had already been secured, writes Reuters. Tesla investor Glenn Littleton demanded damages on behalf of shareholders who traded Tesla shares days after Musk published […]

Bank of America: UK economic vulnerability, risk aversion and dollar revival will trigger GBP/USD losses in Q1 to 1.12 According to Bank of America, persistent inflationary pressures will force central banks to maintain higher interest rates for longer, which will undermine risk appetite and strengthen the dollar. The bank also sees UK pessimism as justified […]

Vietnamese electric car maker VinFast said on Thursday it was going to defend the competitiveness of its models in the market after Tesla announced rebates to stimulate demand for its models, Reuters writes. VinFast, which entered the market in 2019, is preparing to expand in the U.S., where it hopes to compete by offering its […]

The volume of Russian gas transit to Europe confirmed by Ukraine as of 19 January amounted to 25.1m cu.m., RBC has reported citing Gazprom’s statement. This is 23% less than the volumes announced the day before, when 32.6 million cubic meters were agreed to be pumped. Ukraine in May 2022 stopped accepting gas for transit […]

UBS called the rally in global equity markets in early 2023 a fake. Stocks are still under pressure from persistently high inflation and a strong labor market, Business Insider quotes the expert’s opinion. Since the start of 2023, mainland China’s blue-chip index CSI 300 has jumped 7.34%, while Europe’s Euro Stoxx 50 is up about […]

As of January 13, Russia’s international reserves amounted to $592 billion, the Bank of Russia reported. As of January 6, international reserves amounted to $582 billion. Thus, they increased by $10 billion, or 1.7%, during the week. According to the Central Bank, the reserves grew under the influence of positive revaluation. International reserves are highly […]

According to Ripple CEO Brad Garlinghouse, the lawsuit against XRP could conclude in a matter of months, and most likely with a favorable outcome, Cointelegraph writes. Garlinghouse said at the World Economic Forum in Davos that he expects the firm’s long-running dispute with the U.S. Securities and Exchange Commission (SEC) to be concluded very soon, […]

Get ready for another flurry of economic data from the US a day after weak retail sales and industrial production figures caused the market to reassess the risk of recession. The FRB Philadelphia manufacturing index, weekly jobless claims, and December data on US housing starts and building permits issued could shock (or reassure). Procter & […]

Ripple CEO Brad Garlinghouse compared Bankman-Fried’s actions to Bernie Madoff, who launched the largest pyramid scheme in history and defrauded thousands of investors, CNBC reported. “In my opinion, FTX is now being portrayed as a cryptocurrency problem. I think it’s not really a cryptoaffair, it’s a scam. And I don’t think we should pretend it’s […]

The volume of electricity generated in China in December increased by 3% compared to the same month a year earlier and amounted to 757.9 billion kWh, according to the State Statistics Office of the country. At the same time, generation at thermal power plants increased by 1.3%, at hydropower plants – by 3.6%, at nuclear […]

Shares of streaming service Netflix soared 7.12% to $338.27 in the aftermarket. This is evidenced by trading data on NASDAQ. Investors began to buy securities after the release of the report for the fourth quarter of 2022. According to its results, the number of paid subscribers to the platforms reached 230.75 million people, which is […]

The European Union will continue to consider new sanctions packages against Russia, despite the growing difficulties associated with their adoption, said the President of the European Council Charles Michel, writes Bloomberg. “Each discussion on sanctions is much more complicated than the previous one,” he emphasized. Michel noted that the discussion of possible sanctions against Russia […]