Russian oil and gas will not be replaced on the world market in the horizon of five to ten years, even statements about the cessation of energy supplies from Russia lead to price spikes on world markets, while physical restrictions are fraught with new historical records, Russian Deputy Prime Minister Alexander Novak said in an […]

Stock markets in China and Japan opened the first trades of this week with a decline on negative statistics showing a slowdown in economic growth in China amid a new outbreak of coronavirus in the country. South Korean stock index does not show a clear dynamics. Exchanges in Australia and Hong Kong are closed on […]

Oil prices are rising on Monday amid the situation in Libya, where two export ports have stopped working due to protests against the incumbent Prime Minister Abdul Hamid Dbeib. Libyan state-owned oil company National Oil Corp. on Sunday announced the suspension of production at the El Feel field in the west of the country, which […]

Minister of Agriculture of Kazakhstan Yerbol Karashukeyev signed an order, according to which the quota for export of wheat and flour is introduced, the press service of the agency reported. The document has been sent for state registration to the Ministry of Justice, the ministry said. “After enactment of the above order until June 15, […]

The daily increase in new cases of coronavirus infection in the Russian Federation amounted to 10 thousand 263 cases, 1 thousand 454 people were hospitalized over the day, 233 patients died from COVID-19, follows from the data of the operational headquarters, released on Sunday. “As of April 17, 10,263 new cases of COVID-19 have been […]

China’s economic growth accelerated to 4.8% year-on-year in the first quarter of 2022 from the previous quarter, data from the State Statistics Office (SSO) of the People’s Republic of China showed. China’s GDP grew 4% in the fourth quarter of 2021. The pace of GDP increase, despite strict quarantine restrictions imposed in the country in […]

Russia’s investments in treasury bonds of the U.S. Treasury Department in February decreased by $750 million compared to the previous month – to $3.753 billion. According to the U.S. Ministry of Finance, at the end of February, Russia owned long-term government securities worth $2 million, the same as a month earlier. Meanwhile, investments in short-term […]

The US dollar is steadily strengthening against the euro, yen and pound sterling in trading on Monday. Trading activity on the currency market remains low, as the exchanges of Great Britain, Germany, France and other European countries, as well as Hong Kong and Australia are closed due to Easter holidays. High geopolitical uncertainty increases demand […]

Bitcoin is closely correlated with technology stocks of large companies, making the cryptocurrency vulnerable to a strong fall as the sector comes under renewed pressure from rising interest rates and other factors, according to Arthur Hayes, co-founder of cryptocurrency exchange BitMEX. In a blog post on Monday, Hayes wrote that he foresees tech stocks being […]

The reporting season will be in full swing this week, but concerns about persistently high inflation, the hawkish stance of the US Federal Reserve and uncertainty caused by the conflict in Ukraine are likely to continue to dominate market sentiment. Investors will be keeping a close eye on Fed chief Jerome Powell’s speech on Thursday, […]

The application of music streaming service Spotify has been removed from the App Store and Google (NASDAQ:GOOGL) Play app stores in Russia. This decision was taken in response to the Russian special operation in Ukraine, Kommersant reported. Earlier, on March 3, Spotify closed its office in Russia and removed Russian media content. On March 6, […]

The most popular cryptocurrency exchange in the U.S., Coinbase, has big ambitions that focus on conquering new countries. This will allow it to expand its audience as well as increase revenue at a time when crypto trading in the US itself is slowing down, The Street writes. One of the cornerstones of this international expansion […]

In Shanghai, home to the world’s busiest port, a wave of quarantine restrictions due to the COVID-19 outbreak has forced millions of people (about 3 times the number living in New York City) to stay self-isolated at home and undergo mass testing for the virus, CNBC writes. Since the coronavirus began rising in late February, […]

Ethereum co-founder Vitalik Buterin believes that the acquisition of Twitter (NYSE:TWTR) by billionaire Ilon Musk will have a negative impact on the social networking market in the future. He wrote about this on his Twitter account. The creator of the second-capitalization cryptocurrency Vitalik Buterin said in response to Ilon Musk’s reported acquisition of social media […]

As fears of a U.S. recession grow as the Federal Reserve prepares to fight inflation, many investors in the stock market have already taken a defensive stance and may wonder if such defensive strategies will have room to run, Market Watch writes. If you check Google (NASDAQ:GOOGL)’s Google search data on recession, the fears around […]

PhosAgro, Europe’s largest phosphate fertilizer producer, has decided not to publish its operating and financial results for the first quarter of 2022. The corresponding message is posted on the company’s website. “Given the suspension of trading in the company’s GDRs, the publication of operating and financial results for the first quarter of 2022 may put […]

VTB (MCX:VTBR) has completed the transfer of clients’ foreign securities to other financial organizations, RBC reports citing the bank’s press service. “Clients’ securities were transferred to more than 50 professional securities market participants,” the credit organization said. However, about 500 VTB clients had problems with the transfer of some foreign securities, as they were not […]

Russian President Vladimir Putin has instructed to speed up the transition of foreign trade to rubles and national currencies of other countries. He said this during a meeting on economic issues. The president also emphasized that Russia had withstood the economic pressure of the West. “We can already confidently say that such a policy towards […]