The federal budget deficit in 2022 reached Br3.3 trillion, said the head of the Ministry of Finance Anton Siluanov, writes Forbes. This figure has become one of the largest in the history of Russia. “The federal budget of the Russian Federation in 2022, according to preliminary data, is executed with a deficit of 3.3 trillion […]

Analysts at U.S. bank Goldman Sachs (NYSE:GS) have improved their forecast for the eurozone economy for 2023 and now expect GDP growth in the currency bloc instead of the previously expected contraction. Eurozone GDP will grow by 0.6% in 2023, MarketWatch quoted the forecast from the bank’s economists led by Sven Jari Sten. The previous […]

U.S. Federal Reserve Chairman Jerome Powell will deliver a speech amid growing signs of openness to a smaller rate hike this year. Brazil arrested hundreds more supporters of Jair Bolsonaro after a failed attempt to cancel last weekend’s presidential election. The U.S. stock market is set to open lower, with financial companies and chip makers […]

Goldman Sachs predicted Brent at $110 in case of complete lifting of restrictions in China, and Tinkoff will unblock securities transferred to non-trading accounts – these and other important news for the morning of Thursday, January 12, in our daily review. The cost of Brent crude oil could rise to $110 per barrel by the […]

The Russian stock market started trading on Thursday on the upswing following the rise in oil prices and the improvement in the external stock market environment. European stock indices ended trading on Wednesday with a steady growth. U.S. equity markets ended yesterday’s trading on a positive note in anticipation of fresh inflation data. Today Asian […]

In today’s trading, the US dollar is getting cheaper against the euro, yen and pound sterling before the publication of December data on inflation in the States. Calculated ICE index, showing the dynamics of the dollar against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona), loses 0.15% during the trades, […]

Cryptocurrency exchange Gemini, owned by the Winklevoss brothers, has informed customers that it will henceforth stop working with brokerage company Genesis, writes Business Insider. The news comes after Gemini co-founder Cameron Winklevoss on Tuesday accused Genesis, parent company DCG and its founder Barry Silbert of fraud. “This officially terminates the Earn program and requires Genesis […]

The Pound Sterling to Euro (GBP/EUR) exchange rate fell to two-year lows in September as the Truss government’s tax cuts triggered panic selling of UK bonds. Following the fiscal policy reversal, there was a quick recovery to highs around 1.17 before the exchange rate fell back to 1.13 as the Euro provided a broader recovery. […]

Binance, the world’s largest cryptocurrency exchange, is struggling to hold onto assets. Following the collapse of rival exchange FTX, investors have been withdrawing their cryptocurrencies in recent weeks, and despite assurances from CEO Changpeng Zhao that the situation has stabilized, the outflow of funds is accelerating. According to Defillama, a cryptocurrency data firm, customers withdrew […]

On Thursday, almost all traders in the West will be closely watching the latest U.S. consumer price index (CPI) data from the Labor Department, due at 08:30 a.m. ET (13:30 GMT), Bloomberg writes. But even a month earlier – on Dec. 13 – before the monthly CPI, one of the U.S. Federal Reserve’s preferred measures […]

Elon Musk’s Tesla (NASDAQ:TSLA) has cut the prices of its electric cars in the U.S. and European markets, expanding its discounting strategy, Reuters writes. The price cuts for electric cars in the U.S. for the Model 3 sedan and Model Y crossover range from 6% to 20% compared to prices before discounting and before accounting […]

Shares of billionaire Richard Branson’s American space company Virgin Galactic rose 19.7% to $5.53 on the New York Stock Exchange’s after-market on January 12. During the main session, the securities rose by 7.7%. The growth of quotations of Virgin Galactic, specializing in space tourism, was observed after its announcement about updating the management structure and […]

SberCIB predicted the dollar at RUB 65 due to the resumption of the budget rule, and experts assessed the impact of problems with oil sales on the Russian budget – these and other important news for Friday morning, January 13, in our daily review. The Finance Ministry’s decision to start selling yuan as part of […]

Victims of the crypto pyramid BitConnect will receive compensation in the amount of more than $17 million, RBC writes with reference to the press release of the U.S. Department of Justice. The federal district court in San Diego ruled that the amount of compensation will be distributed among about 800 victims of BitConnect from more […]

If negotiations between Moscow and Kiev resume, they will most likely be direct and without the participation of mediators, the director of the second department of CIS countries at the Russian Foreign Ministry, Aleksey Polishchuk, has said. TASS reported. “If and when these contacts are resumed, they are likely to be direct as well. And […]

Singapore-based Crypto.com said it plans to cut about 20% of its staff as more cryptocurrency exchanges face industry-wide problems stemming from the recent FTX bankruptcy last year. The announcement came amid concerns over reserves and the solvency of the entire sector just days after rival exchanges Coinbase Global Inc (NASDAQ:COIN) and Huobi announced plans to […]

The Moscow Exchange index rose by 0.7% and rose to 2200.85 points. This is evidenced by trading data on the Moscow Exchange as of 13:54 MSC. The MosBirch index exceeded the mark of 2200 points for the first time since December 6. The RTS index rose by 1.3% to 1,028.86 points. The stock market is […]

Global funds have started buying up shares listed on the stock exchanges of mainland (excluding Hong Kong and Macau) China. The interest in the securities has grown as the country is lifting anti-commodity restrictions and taking measures to stimulate economic growth, Bloomberg writes. Foreign investors only on Friday, January 13, invested $2 billion in shares […]