The volume of Russia’s investments in U.S. government securities in January 2022 increased compared to the previous month and amounted to $4.503 billion, TASS reported with reference to the documents of the U.S. Ministry of Finance. At the same time, investments in long-term bonds sharply decreased – to $2 million compared to $102 million a […]

Tesla CEO Ilon Musk warned of inflationary pressures on production, as a result of which his company was forced to raise prices on its electric cars in the U.S. and China, as the key component of batteries for electric vehicles – nickel – has risen sharply in price, writes CNBC. The company raised prices on […]

US pharmaceutical company Eli Lilly has decided to suspend investments and new clinical trials in Russia, as well as the export of a number of drugs to the country. The corresponding decision follows from a statement published on the company’s website. “We have suspended all investments, promotional activities and new clinical trials in Russia, as […]

Managers of the world’s largest investment funds have recently started to show signs of panic and left the market, Yahoo writes. Their abandonment of positions could be a strong argument in favor of buying stocks. According to Bank of America’s latest monthly survey of global fund managers, a group of large investors exited the market […]

Russians’ demand for gold has increased tenfold, and the U.S. Ministry of Finance has postponed default: payments in dollars on Russia’s debt are possible until May 24 – these and other important news for Thursday morning, March 17. in our daily review. U.S. restrictions on transactions with the Russian Central Bank and other banks allow […]

The US dollar and euro are getting cheaper on the Moscow Exchange on Thursday morning, while the ruble is strengthening against the bi-currency basket due to market participants’ hopes for progress in the Russian-Ukrainian negotiations. At the end of the first minute of trading, the dollar rate amounted to 105.01 rubles (-2.99 rubles to the […]

The payment order for coupon payments on two issues of Eurobonds in the amount of $117.2m has been executed. This is stated in the message of the Ministry of Finance. Russia on March 16 was to pay coupons on two issues of its sovereign Eurobonds in the amount of $117.2 million. “The Ministry of Finance […]

The People’s Bank of China (NBK, the country’s Central Bank) is likely to reduce interest rates or the mandatory reserve requirement for banks in the very near future, analysts believe. A day earlier, the Chinese authorities announced their intention to maintain the stability of financial markets and take measures to stimulate economic growth in the […]

Five airlines of Alexey Isaikin’s Volga-Dnepr, Russia’s largest air cargo group specializing in worldwide transportation, have practically stopped flying, RBC writes. In the week that began March 14, the group operated only two flights: from Beijing to Vladivostok on March 15 and from Moscow to Bratislava on March 16 (according to FlightRadar 24). Both flights […]

Former US President Donald Trump said in an interview that he was “surprised” that Russian President Vladimir Putin ordered a special operation in Ukraine, explaining that he thought “this strong man’s threats were a negotiating tactic,” the Washington Examiner reports. “I assumed that he was going to make a good deal like everybody else with […]

Western sanctions against Russia create many problems for the country, but at the same time they open new opportunities, President Vladimir Putin said at a meeting on the socio-economic development of Crimea and Sevastopol. This is reported by TASS. “Yes, of course, the development of the peninsula’s economy is affected by Western sanctions, which apply […]

VTB will transfer foreign securities of its clients to other brokers, and Australia has imposed new sanctions against Russia – these and other important news for Friday morning, March 18, in our daily review. Australia has imposed sanctions against Russian billionaires Oleg Deripaska and Viktor Vekselberg. Nine banks, the Ministry of Finance and the National […]

The President of the Russian Federation in accordance with paragraph “d” of Article 83 of the Constitution of the Russian Federation has submitted to the State Duma the candidacy of Elvira Nabiullina for appointment to the post of Chairman of the Central Bank, the website of the lower house of parliament reported on Friday. It […]

Indian oil companies Indian Oil Corporation (IOC) and Hindustan Petroleum have bought several million barrels of Russian Urals crude, the Times of India reported, citing sources. “IOC, the country’s top oil company, late last week bought three million barrels of Urals through (European trader) Vitol for delivery in May at a discount of $20-25 per […]

The Board of Directors of the Bank of Russia will consider monetary policy issues, including the level of the key rate. Most analysts, after the sharp increase in the Central Bank rate at the end of February, expect it to remain at 20% on Friday. Only some experts allow the Central Bank to raise the […]

Amid market sluggishness, lingering concerns over the COVID-19 pandemic and geopolitical tensions in Europe, the continent’s fund industry saw net outflows in February, with mutual funds seeing outflows of €91.9 billion YTD, while ETFs saw inflows of €34.7 billion, CNBC writes. Mutual funds – pools of investors allocated by asset managers into stocks, bonds, money […]

The Board of Directors of the Bank of Russia kept the key rate at 20%. “The Russian economy is entering a phase of large-scale structural adjustment, which will be accompanied by a temporary but inevitable period of higher inflation, mainly related to the adjustment of relative prices for a wide range of goods and services. […]

European stock indexes opened slightly lower on Friday but remain on track for a weekly gain as traders await the outcome of key talks between U.S. President Joe Biden and his Chinese counterpart Xi Jinping. By 04:20 a.m. ET (08:20 GMT), the Euro Stoxx 50 index was down 6 points, or 0.2 percent, while the […]