US President Joe Biden has warned Chinese President Xi Jinping that the US will retaliate against him if he actively supports the Russian special operation in Ukraine. Meanwhile, Xi outlined a subtle shift in China’s COVID-19 policy to reduce the strain on its economy. Russia has avoided default – at least for now – but […]

A key investment argument in favor of bitcoin is deteriorating as geopolitical uncertainty and rising inflation hit cryptocurrency prices. Bitcoin supporters often refer to it as “digital gold.” The term refers to the idea that bitcoin could become a store of value, similar to gold, and unrelated to other financial markets, such as stocks. Bitcoin […]

Oil prices are rising on Monday amid the ongoing Russia-Ukraine conflict, as well as rising tensions in the Middle East and the situation in China, where another spike in the incidence of COVID-19 was noted. Saudi Arabia said on Sunday that Yemeni Houthis struck several sites in the country, including a fuel depot of oil […]

Messenger Telegram has surpassed WhatsApp in terms of traffic in Russia for the first time, and the EU may embargo oil from Russia as part of new sanctions – these and other important news for Monday morning, March 21, in our daily review. The European Union is discussing imposing an oil embargo on Russia as […]

During today’s trading, the US dollar is strengthening against the euro, yen and pound sterling. Calculated ICE index, showing the dynamics of the dollar against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona), increased by 0.12%, the broader WSJ Dollar Index – also by 0.12%. As of 9:23 a.m. Moscow […]

During the week of March 14-18, the most popular financial instruments (according to Investing.com Russia) were the following: USD/RUB, Brent oil futures, Bitcoin, EUR/RUB and EUR/USD. As for the news, the most interesting for the week were the following: Default is canceled? The Ministry of Finance made a payment of income on Eurobonds for $117.2 […]

Boeing Co shares started this week with a sharp negative, falling more than 6% after confirmed reports of a Boeing 737 crash in China. This information was spread by the Aviation Safety Network on Twitter, among others: “We are following multiple unconfirmed reports of a possible crash of a Boeing 737-89P (B-1791) of China Eastern […]

In February, China imported almost 401 thousand tons of LNG from Russia, which is twice as much as in the same period a year earlier. This is reported by Bloomberg agency with reference to the official data of China. The publication reports that although the total volume of LNG imports to China decreased by 12% […]

Contrary to popular belief, cryptocurrencies are not decentralized: they depend on central structures run by big business gatekeepers who exploit the labor of low-wage workers, writes Business Insider. “The market has a colonialist mindset” focused on making money, and even though cryptocurrencies strive to be decentralized, the market is already becoming “re-centralized.” It’s not an […]

Deputy Prime Minister Alexander Nova believes that increasing Russia’s energy supplies to the east is becoming urgent due to Western sanctions. “The issue (of diversification of energy exports to Asia-Pacific countries) is really urgent now, because we hear that another package of measures (by Western countries) is being developed,” Novak said during a meeting with […]

The OFZ opening auction ended on the Moscow Exchange, according to the results of which the RGBI government bond index decreased by 9.44%, to 98.21 points, compared to the last trading session in the stock section on February 25. The index was last traded at this level on December 17, 2014. According to the information […]

Debt markets in some of the world’s most vulnerable countries have been giving warning signals since the start of Russia’s special operation in Ukraine because of the additional strain on their fragile economies, Bloomberg writes. Worries about whether Russia will be able to pay interest on its obligations have left investors wondering which other countries […]

U.S. sporting goods maker Nike Inc.’s net income fell 4% to $1.396 billion, or $0.87 per share, in its fiscal third quarter ended February 28, 2021, compared with $1.449 billion, or $0.90 per share, in the same period a year earlier, according to a company press release Still, the figure was better than market forecasts. […]

The dollar is appreciating against most currencies after Fed Chairman Jerome Powell’s statement that he is ready to tighten policy at a faster pace. Powell, speaking at a National Association for Business Economics event, said the Fed is ready to raise the key rate by 50 basis points at once instead of the traditional 25 […]

It is too early for the Bank of Japan to discuss the details of the exit from the soft monetary policy, as the inflation rate is still below the 2% target, Japanese Central Bank Governor Haruhiko Kuroda said during a speech in the specialized committee of the country’s parliament on Tuesday. Asked whether the BOJ […]

International rating agency S&P Global Ratings will withdraw credit ratings of all Russian companies and organizations by April 15, the agency said in a statement. The decision was made against the backdrop of a ban imposed by the European Union on the assignment of ratings to Russia and Russian companies by EU credit rating agencies, […]

U.S. stock indexes came off their lows on Monday but still closed lower after U.S. Federal Reserve Chairman Jerome Powell said the central bank could act faster to raise interest rates and curb inflation. Powell said the Fed could raise the rate by half a point instead of the usual quarter-point. The country’s inflation has […]

The service of transfers for individuals from their accounts in Sberbank to Chinese Alipay wallets has stopped working, Kommersant reports. A representative of Sberbank noted in a comment to the newspaper that the service of replenishment of Alipay wallets was realized in partnership with Western Union (WU) and stopped against the background of the termination […]