The recent sell-off in the shares of Asia’s richest man, Gautam Adani, intensified at the end of the week, erasing nearly $45 billion of Adani Enterprises Ltd’s market value in less than 2 sessions as Adani tries to contain the fallout from a critical report by U.S. short seller Hindenburg Research, Bloomberg writes. On Jan. […]

Natural gas futures prices declined during the European session on Friday. At the New York Mercantile Exchange, natural gas futures for delivery in March are trading at $2.79 per million Btu, down 2.11% at the time of writing this commentary. The session low was $/mmBtu. At the time of writing, natural gas found support at […]

Export duty on wheat from the Russian Federation from February 1, 2023 will increase to 4 thousand 365.3 rubles from 4 thousand 283.2 rubles per ton, the Ministry of Agriculture reports. The increase will amount to 1.9%. Duty on barley will increase to 3 thousand 174.3 rubles from 3 thousand 083.7 rubles, on corn – […]

Oil prices rose in parallel with the rally in the rest of the market as optimism about oil demand from China, where businesses have started to open, outweighed concerns about an economic slowdown, Bloomberg wrote. West Texas Intermediate futures traded above $81 a barrel after Thursday’s close with a 1.1 percent gain. Many analysts see […]

Amazon is preparing to launch its own NFT platform this spring, Blockworks writes, citing its sources. The project is still in the development stage, but the company is likely to unveil its plans as early as April, the journalists said. The US online retailer is considering launching blockchain games in which participants will be able […]

The Central Bank of the Netherlands fined the crypto exchange Coinbase for $3.6 million for non-compliance: it did not register its crypto services for customers in the Netherlands, writes Business Insider. Between November 2020 and August 2022, the company made do without proper registration under the Dutch Anti-Money Laundering and Counter-Terrorist Financing Act to operate […]

Intel Corp. issued one of the bleakest quarterly outlooks in its history after a slump in the personal computer sector caused its shares to plunge and stalled efforts to revitalize its business, Bloomberg writes. The company warned of unexpected losses in the current period and a sales range that fell short of analysts’ estimates by […]

The EU Council has extended for six months the sanctions against Russia imposed because of the events in Ukraine, according to a statement published on the organization’s website. “The Council today decided to extend until July 31, 2023 restrictive measures directed against specific sectors of the economy of the Russian Federation,” the statement reads. The […]

The deputy head of the Ministry of Economic Development said about the bad impact on the budget of a strong ruble, and Russian miners have increased capacity amid domestic demand for cryptocurrency – these and other important news for Monday morning, January 30, in our daily review. The balance rate of the ruble for the […]

Ireland’s Ryanair Holdings Plc, Europe’s largest discount airline, posted a net profit in the third quarter of fiscal 2023 and reaffirmed its outlook for the current fiscal year as a whole. The company said in a press release that its net profit for the three months ended Dec. 31 was 211 million euros, compared with […]

This week promises to be an eventful one as 3 of the world’s largest central banks hold monetary policy meetings and 3 of the 4 largest US companies by market capitalization report earnings. The U.S. Federal Reserve is expected to slow the pace of interest rate hikes, while the European Central Bank and the Bank […]

International rating agency Fitch has revised the outlook for Georgia’s long-term foreign currency Issuer Default Rating (IDR) from “stable” to “positive”, affirming the rating at “BB”, Fitch said in a statement. The short-term IDR in foreign currency is affirmed at ‘B’, the country ceiling at ‘BBB-‘. “The positive outlook partly reflects very strong GDP growth […]

Investors are showing a weak level of confidence in U.S. stocks even after this month’s rally: most believe the market has not yet bottomed out due to concerns about corporate earnings, Bloomberg reports. About 70% of the agency’s 383 respondents hold that view. At the same time, 35% said that the market will fall to […]

Currency analysts at MUFG note that there has been a significant change in market positioning ahead of the latest Bank of Japan (BoJ) meeting, which will limit further buying opportunities for the yen in any further policy change. There will also be corrective pressure after the dollar/yen (USD/JPY) exchange rate has fallen more than 15% […]

Shipments of smartphones in China last year fell to 285.8 million units, according to data from research company IDC. On a year-on-year basis, the figure fell by 13.2% and fell below the 300,000 mark for the first time in a decade. The decline in demand was influenced by tight restrictions under the “zero-tolerance” COVID-19 policy […]

The main contribution to the increase in Gazprom (MCX:GAZP) reserves due to exploration in 2022 was made by the Tambeyskoye and Pestsovoye fields, said Vitaly Markelov, Deputy Chairman of Gazprom’s Management Committee, in an interview with the Gazovaya Promyshlennost magazine. “The increase in hydrocarbon reserves due to exploration, as in the previous 17 years, exceeded […]