The Russian authorities are considering the possibility of compulsory buyout of shares from residents of “unfriendly” countries. This was announced by Deputy Finance Minister Alexei Moiseyev at a meeting of the State Duma. “This issue is being considered now, absolutely the right issue,” he said (quoted by Interfax). Thus, the deputy head of the Ministry […]

The U.S. Federal Reserve is expected to announce its first interest rate hike since 2018 on Wednesday as officials try to balance the twin threats of inflation hitting a 4-decade high and economic uncertainty caused by military action in Ukraine. The Bank of England is expected to raise rates again this week while the central […]

The Bank of Russia has decided to change the procedure for announcing the official dollar and euro exchange rates, and cyber fraudsters have leaked the data of more than 100,000 Russian bank cards – these and other important news for Monday morning, March 14, in our daily review. Due to increased volatility on the currency […]

German carmaker Volkswagen AG (VW) net profit rose 75% to 15.43 billion euros in 2021 from 8.82 billion euros in 2020. Adjusted operating profit rose to 19.28 billion euros from 9.68 billion euros a year earlier, the company said in a press release. Revenue rose 12.3% to €250.2 billion from €222.88 billion.ъ The company also […]

Goldman Sachs Group Inc. lowered its forecast for the S&P 500 index for the end of 2022 for the second time last month due to the conflict around Ukraine – to 4,700 points from 4,900 points. Earlier, Goldman Sachs expected the index to be around 5100 points at the end of this year, but in […]

Famous billionaire investor Warren Buffett has again bought shares in oil company Occidental Petroleum. After spending about $4.5 billion last week to buy 91.2 million shares of the company, he spent more than $1.5 billion again this week, adding another 27.1 million shares to Berkshire Hathaway’s portfolio, CNBC writes. The purchases were made on Wednesday, […]

The introduction of an embargo on Russian oil supplies will have a huge impact on Europe. This was stated by the representative of the Polish government on strategic energy infrastructure Piotr Naimski, his words are quoted by TASS. He recalled that Russian oil supplies to the US amounted to about 8% of US consumption. “The […]

As Wall Street begins to calculate the first damage done to the global market by sanctions against Russia following the start of its special operation in Ukraine, a large U.S.-based bond fund managed by Franklin Resources Inc. was among the early losers, Bloomberg writes. The Western Asset Core Plus Bond Fund, which has $37 billion […]

Finance Minister Anton Siluanov has said that Russia is interested in foreign companies continuing to work in the country. He said this in an interview with the Rossiya 24 TV channel. “Of course, the departure of these companies from our market is mutually disadvantageous to no one, and hits foreign companies, and, of course, affects […]

Moscow Mayor Sergei Sobyanin has announced that he is canceling the mask regime in the city. According to the mayor, such a decision was made due to the “stable improvement of the epidemiological situation”. Also in Moscow, mandatory anti-vaccine measures at enterprises and organizations, such as regular measurement of workers’ body temperature, installation of dividing […]

Oil prices have fallen to their lowest since late February amid Russia’s negotiations with Ukraine and concerns about demand from China, Forbes writes. The dollar and euro rates at the opening of trading are down by more than 1%: to 112.5 rubles and 118.61 rubles, respectively. In the morning of March 15, May futures for […]

Stock markets in the Asia-Pacific region (APR) are mostly declining during trading on Tuesday, with the exception of Japan. Market participants continue to follow the developments around the armed conflict in Ukraine. The situation has already led to disruptions in supplies and air traffic between the continents. In addition, the conflict has also spurred a […]

China has ordered a full quarantine in Shenzhen, a city of 17.5 million people, as it tries to contain the worst COVID-19 outbreak in several provinces in the country, with the number of cases doubling to 3,400 over the past weekend. Businesses in this financial and technological center of China, which borders Hong Kong, are […]

Production of trucks at PJSC KAMAZ facilities in February increased in annual terms by 12.4% to 4.052 thousand units, the company reported. In January-February, the company produced 7.375 thousand vehicles (+35%). The assembly line of the engine plant and the joint Russian-American Cummins Kama joint venture, which is part of KAMAZ’s technological cycle, manufactured and […]

China is ramping up efforts to introduce its central bank’s national digital currency and has now left its global competitors far behind, CNBC writes. China’s digital yuan may well challenge the dollar’s dominance as the preferred currency in international trade settlements in five to 10 years, as predicted by former banker, author and financial technology […]

The European Union has imposed new sanctions on Russia, which include a ban on new investments in the energy sector, according to the European Commission’s website. Exceptions are made for peaceful atom and energy transportation. A ban is also imposed on the supply of a number of goods. In particular, these are steel products, luxury […]

The Financial Conduct Authority (FCA) of the UK has declared all cryptocurrency ATMs in the country illegal and ordered their closure, BBC reports. According to the FCA statement, no company in the UK has received a license to install cryptocurrency ATMs. The operation of all such devices should be stopped immediately, the regulator said, warning […]

ECB demanded from European banks to strengthen control over transactions of clients from Russia and Belarus, VK intends to resurrect ICQ messenger – these and other important news for Thursday morning, March 10, in our daily review. European regulators demanded from banks to strengthen control over transactions of all Russian and Belarusian clients, including EU […]