The Bank of Russia has begun to connect all banks to the anti-money laundering platform “Know Your Client” in pilot mode. This way the Central Bank will be able to avoid technological problems by the time the service should work. “The regulator offered all credit organizations to gradually connect to the platform “Know Your Customer” […]

Tough measures will be taken against inflation, which jeopardizes the recovery of the country’s economy, said the head of the U.S. Federal Reserve Jerome Powell. About it writes CNBC. At the same time, he noted the continuation of the Fed’s tightening course: the interest rate hike will last until inflation, which has already reached the […]

According to Goldman Sachs experts, this year the Russian economy will decline by 10% as a result of the sanctions imposed by the US and the EU. The main impact of sanctions will be felt by Russian exports and imports, while inflation will rise to 20% by the end of the year, which is much […]

Japanese home appliance manufacturer Sharp has decided to suspend deliveries to Russia due to the special operation in Ukraine, according to a message on the company’s official website. “We at Sharp Group are deeply concerned about the conflict developing in Ukraine. To support the humanitarian program, our businesses will make local donations to charities involved […]

The number of Russians’ applications for consumer loans in banks has halved, and Apple has again faced a large-scale failure in the work of its services – these and other important news for Wednesday morning, March 23, in our daily review. According to a study by financial marketplace Unicom24 and credit bureau Equifax, banks received […]

In today’s trading, the dollar is appreciating against the yen and weakly declining against the euro, with analysts trying to anticipate the future trajectory of the key rate in the United States. The ICE-calculated index, which shows the dollar’s performance against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona), is […]

The world’s largest hedge fund with $150 billion under management – Bridgewater Associates – is planning to back cryptocurrencies for the first time. The fund, founded by billionaire Ray Dalio, is preparing to invest in an external instrument related to cryptocurrencies. According to CoinDesk, it will not invest directly in crypto assets at this time. […]

U.S. Treasury Secretary Janet Yellen plans to meet with four senators this week to discuss a bill introduced in Congress in March that would deprive Russia of the ability to sell gold to circumvent sanctions. This is reported by Axios, citing sources. The draft law suggests that Russia will be deprived of the ability to […]

Ethereum exchange rate rose by 16% over the week and exceeded $3 thousand, and the Russian Interior Ministry opened the first criminal case on embezzlement of crypto exchange property – these and other important news of the cryptocurrency market in our review. On March 22, ETH/USD rate exceeded $3 thousand, over the past day the […]

Carl Icahn, the founder and chairman of Icahn Enterprises and a prominent investor, said Tuesday that recession and rising inflation are the main threats to the economy. Meanwhile, Russia’s military special operation in Ukraine has only added more uncertainty to his forecast, CNBC writes. “I think a recession or even something worse is quite possible,” […]

Shares of Alleghany Corporation (NYSE: Y), a U.S. insurance company founded in 1929, rose 25% in Monday trading following news of an $11.6 billion deal with Berkshire Hathaway Corporation. Warren Buffett’s holding company will pay $848.02 in cash per share, 29% above Alleghany’s average value over the past 30 days and 16% above its closing […]

If your goal is to provide a reliable source of income in retirement, it is imperative that you have quality dividend stocks in your portfolio. According to S&P Dow Jones Indices, since 1926, dividends have accounted for approximately 32% of the total return of the S&P 500, while capital gains have accounted for 68%. To […]

The Bank of Russia decided to resume trading in 33 shares included in the IMOEX index on March 24. Trades in these securities will be held from 09:50 to 14:00 MSC, short sales on them are prohibited. Trading on the futures market in contracts on the MosBirch index and individual shares included in the IMOEX […]

Russian President Vladimir Putin has instructed to transfer payments for Russian gas supplies to European countries to rubles. This is reported by TASS with reference to the President’s statement. The government and the Central Bank have been instructed to think over in a week the order of operations with which gas buyers will be able […]

Oil prices rose after Russia cut off supply through a Kazakh oil pipeline because of the need to repair damage caused by a hurricane, while U.S. oil inventories appeared to have fallen again last week. Voices at the Fed calling for active restrictive policy have grown louder. Inflation in the UK hit a 30-year high […]

The volume of ruble-denominated cryptocurrency trading appears to be continuing to decline despite regulators’ confidence that digital assets are being used to circumvent sanctions, Bloomberg writes. As of March 18, ruble-denominated cryptocurrency trading volume had fallen by more than half from a recent peak of about $70 million on March 7, according to data from […]

“Gold bulls finally got what they wanted when the precious metal hit $2000 per ounce two weeks ago. This milestone was reached after a 19-month wait – the last time gold traded so high was at the height of the COVID-19 pandemic. Now the bulls may have to wait another two months, or even longer, […]

The London office of Citibank refused to make a payment to Severstal for $12.6 million on Eurobonds for $800 million with a maturity date in 2024, RBC reports citing the company’s information. “Severstal” had to redeem this coupon on March 16. As part of new currency control measures in Russia, the company received permission from […]