According to VTB (MCX:VTBR) forecasts, about 700 thousand new cars will be sold in the Russian car market this year, which will be almost 6% higher than last year’s figure. Thus, after the fall in 2022, the segment will once again show growth. “The past year for the domestic automotive market turned out to be […]

Gold continues to build on its steady upward rally and holds near its highest levels since April 2022, updated during Thursday’s Asian session. The XAU/USD pair is quoted at $1940 per troy ounce and retains the potential to test $1950. Market participants are in no hurry to open new positions ahead of the publication of […]

The dollar is near an 8-month low against other peer currencies as gloomy U.S. corporate reports heightened recession fears and traders remain vigilant ahead of a slew of central bank meetings next week, Reuters writes. The U.S. dollar index, which measures its exchange rate against a basket of six currencies, rose 0.1 percent to 101.65 […]

The European Commission is going to launch an antitrust investigation against Microsoft related to its corporate messenger and video communication service Microsoft Teams. This was reported by Politico on Wednesday, January 25, citing unnamed sources. According to them, the investigation is related to a complaint filed by another corporate messenger – Slack – back in […]

Meta* said on Wednesday it will restore former US President Donald Trump’s Facebook and Instagram (banned in Russia) social media accounts in the coming weeks after suspending them for two years following violent riots on Capitol Hill on January 6, 2021, Reuters writes. Reinstating the accounts could be to the advantage of Trump, who has […]

Code fragments from Yandex’s internal repository – a tool for storing and working with code – have been made publicly available, Forbes writes, citing the company’s press service. Earlier it was reported in social networks that 44.7 GB of Yandex source codes were leaked to the Internet. The company is conducting an internal investigation, Yandex […]

According to Tesla’s fourth-quarter report on Wednesday, it can be seen that the electric car maker is still holding approximately 9,720 bitcoins, having lost just $34 million on its investment in the cryptocurrency due to its price decline by the end of 2022, Cointelegraph writes. Meanwhile, the company did not buy or sell its bitcoins […]

South Korean prosecutors have requested an arrest warrant for Kang Jong-hyun, chairman and owner of cryptocurrency exchange Bithumb, on charges of embezzlement related to his activities at the exchange, Cointelegraph writes. The Seoul Southern District Prosecutor’s Office sentenced Kang and 2 other Bithumb executives on charges of embezzlement and breach of customer trust under the […]

Tesla shares soared 7% in the pre-market after an encouraging outlook for the year from Ilon Musk, which helped the overall market. It’s the height of earnings report season: Dow Chemical, American Airlines and – after the close of trading – Intel, to name just 3 companies. The U.S. released its GDP data, which exceeded […]

Hong Kong Stock Exchange Hang Seng Index jumped 2.5% to 22,605 points, according to trading data. This is the highest level since March 2022, writes RBC. The first trading day after the celebration of the New Year according to the lunar calendar, the main index of the Hong Kong Stock Exchange ended at 22,519 points […]

The fortune of the richest man in Asia, Indian billionaire Gautam Adani, shrank by $5.5 billion on Wednesday, writes Business Insider. This comes after New York-based short-seller Hindenburg Research said that Adani’s conglomerate was involved in fraud and market manipulation: the Adani Group “engaged in a brazen scheme of stock manipulation and accounting fraud for […]

Thanks to soaring oil prices last year, Exxon Mobil Corp (NYSE:XOM), Chevron Corp (NYSE:CVX), Shell (LON:SHEL), TotalEnergies (NYSE:TTE) and BP (LON:BP) collectively earned nearly $200 billion, but concerns over slowing economic growth, falling natural gas prices, cost inflation and uncertainty over renewed oil demand in China are clouding the outlook in 2023, Bloomberg writes, In […]

Bloomberg named possible price caps for oil products from Russia, and Russian cryptocurrency exchange clients started buying data to bypass blocking – these and other important news for Friday morning, January 27, in our daily review. The European Union is studying the possibility of setting a ceiling on the price of Russian oil products, which […]

Intel Corp (NASDAQ:INTC). posted a net loss of $664 million, or $0.16 per share, for the October-December quarter, compared to net income of $4.62 billion, or $1.13 per share, for the fourth quarter of the previous year. Earnings excluding restructuring charges and other one-time factors came in at $0.1 per share, with a consensus forecast […]

U.S. Visa Inc (NYSE:V) increased net income in the first quarter of fiscal 2023 ( ended December 31) by 6% to $4.18 billion, or $1.99 per share, up from $3.96 billion, or $1.83 per share, in the comparable period a year earlier. Earnings excluding one-time factors rose 21% to $2.18 per share, the company said […]

The EU authorities are discussing a new sanctions package that may be introduced against Belarus for supporting Russia’s actions in Ukraine, Bloomberg has read the documents. If the sanctions are approved, Belarus will be subject to an extension of the restrictive measures already taken against Russia. In particular, we are talking about: A ban on […]

Oil prices were able to return to growth on Thursday. Support was provided by the publication of data on the U.S. economy, where GDP growth in the fourth quarter exceeded analysts’ forecasts – 2.9% against the expected 2.6%. A closer look at the data is not flawed, but the market saw in them a positive […]