The U.S. stock market closed lower on Thursday as investors took heart from comments by Federal Reserve officials that indicated an interest rate hike was still around the corner. There was hope last week that the Fed might begin to reduce the sharp pace of rate hikes starting next month after data showed inflation was […]

The European Union has frozen the assets of Russian businessmen and companies under sanctions for 68 billion euros. This is reported by Politico with reference to an internal document of the European Commission. Most of the frozen assets are in Belgium. It accounts for about 50 billion euros. The second place is occupied by several […]

Oil supplies from Russia to Northern Europe have fallen 90% since February, and Novak confirmed Russia’s refusal to supply oil to countries imposing a price ceiling – these and other important news for Tuesday morning, November 22, in our daily review. In the weeks before the EU oil sanctions came into effect, Russian crude shipments […]

Head of hedge fund Pershing Square Bill Ackman predicted an increase in the long-term interest rate in the U.S., which will be an obstacle to the growth of stocks, writes Business Insider. According to Ackman, inflation and interest rates in the U.S. will remain high for many years. The hedge fund head suggested that the […]

U.S.-based HP Inc. ended the fourth quarter of fiscal 2022 with a net loss of $2 million, compared with net income of $3.1 billion in the same period last year. Adjusted earnings fell 9.6% to 85 cents per share from 94 cents. Revenue fell 11.2% to $14.8 billion from $16.68 billion a year earlier, according […]

Swiss bank Credit Suisse Group (SIX:CSGN) AG expects to make a pre-tax loss of CHF1.5 billion ($1.6 billion) in the fourth quarter of this year. The bank said in a statement that the loss is mainly due to losses in its wealth management and investment banking segments due to unfavorable market conditions and continued outflows […]

Switzerland on Wednesday approved the eighth package of sanctions against Russia, which includes imposing a “ceiling” on Russian oil prices. “The Swiss Federal Council adopted the next sanctions against Russia on November 23. The Council approved the measures adopted by the European Union as part of the eighth package of sanctions,” reads a document published […]

On Thursday, November 24, global stock markets traded mostly in the plus after the release of the minutes of the November FOMC meeting, which indicated the likelihood of a slowdown in the pace of Fed rate hikes. Nevertheless, the Chinese stock market closed in the negative amid new outbreaks of coronavirus: 31 thousand new cases […]

Cryptocurrency exchange Binance said it will set aside $1 billion for a crypto industry recovery initiative to invest in companies in the digital asset sector, Reuters writes. The cryptocurrency market is currently teetering on the brink following the collapse of FTX, which has filed for bankruptcy protection in the US. The collapse of one of […]

Russia has recorded an alarming trend in the number of coronavirus infections, presidential spokesman Dmitry Peskov said. “The figures are really growing. We see that the curve has crept upward, it is not only in our country, but in a number of countries such dynamics is alarming is observed,” he said. Peskov advised those citizens […]

Oil prices are falling on Monday amid a general decline in investor appetite for risk due to information about the ongoing protests in China against covid restrictions. The cost of January futures for Brent crude oil on the London-based ICE Futures exchange by 8:10 Moscow time on Monday is $81.31 per barrel, which is $2.32 […]

U.S. online retailer Amazon.com Inc. is winding down some of its operations in India, including the company will stop delivering food, Bloomberg reports, citing sources. That indicates that even Amazon’s critical growing Indian market of 1.4 billion consumers is not immune to Chief Executive Officer Andy Jassy’s cost-cutting campaign, the agency said. Several projects under […]

The EU Council decided on Monday to include the violation of sanctions imposed by the European Union in the list of criminal “crimes in the EU.” “The EU has adopted an unprecedented number of sanctions targeting the Russian economy (…). To achieve results, their implementation requires joint efforts, and today’s decision is an important tool […]

The pace of economic recovery in India will slow down and will be about 6% for several years, analysts of Barclays Plc (LON:BARC) and Goldman Sachs Group Inc. forecast. According to experts, the growth rate at this level will be the best option for India, as it will allow to slow inflation in the country […]

European indices are trading lower on Monday: Ibex 35, Cac 40, DAX, as protests in major Chinese cities against China’s strict restrictions under its zero-tolerance COVID-19 policy heighten investor concerns about the growth implications for the world’s second-largest economy. Major Asian stock exchanges: the Nikkei, Shanghai Composite and Hang Seng are also down. According to […]

Friday’s US jobs report for November will be the main event this week as investors remain hopeful that the Federal Reserve will soon slow the pace of rate hikes. Fed chief Jerome Powell’s remarks in the middle of the week will be closely watched. Eurozone inflation data will also be in focus, as will China’s […]

According to analyst Amrita Sen of Energy Aspects, the European Union’s upcoming ban on Russian oil imports removes the price cap, which means that the bloc will still not buy Russian oil regardless of the price ceiling, writes Business insider. Recall that starting December 5, the EU will ban the importation by sea of oil […]

Analysts at Deutsche Bank predict the onset of a recession in the U.S. by mid-2023, when major stock indexes will fall 25% from levels slightly above today’s levels, Yahoo writes. Analysts also said earnings per share in the S&P 500 index would fall from $222 in 2022 to $195 in 2023. With its actions to […]