Microsoft and Alphabet were at odds in the first quarter, with TikTok getting a bigger share of YouTube’s ad revenue. The stream of earnings reports will continue from Meta*, T-Mobile, Qualcomm, Ford and others a little later. Russia has cut off gas supplies to Poland and Bulgaria as the EU embargo on Russian oil approaches. […]

Shares of “Yandex” rose by 10.05%, up to 1725.6 rubles per share in afternoon trading on Wednesday, April 27. Quotes of the company are growing amid the publication of financial statements for the first quarter of the year, RBC notes. The company’s total revenue increased by 45% and amounted to 106.01 billion rubles compared to […]

The Moscow Exchange index rose by 3.4% and rose to 2,400.74 points in trading on April 27. This is evidenced by trading data on the Moscow Exchange. The indicator rose above 2400 points for the first time since April 18. At the same time, the dollar RTS index rose by 3.9%, rising to a maximum […]

The euro-dollar exchange rate on the international Forex market fell by 0.35% to $1.0598 in afternoon trading on Wednesday, April 27. The euro exchange rate fell below the $1.06 mark for the first time since April 2017, RBC notes. The European currency fell against the dollar to its lowest level since 2017 as investors, worried […]

During today’s trading, the U.S. dollar, paired with the Japanese yen, rose to a 20-year high. As of 9:09 Moscow time, the dollar cost 130.04 yen. Earlier, the dollar rate reached 130.18 yen, which is the maximum value since April 2002. The Japanese currency has lost 13% in value against the dollar since the beginning […]

Oil prices are declining on Thursday morning on the data on the weekly increase in inventories of this energy resource in the United States. The cost of June futures for Brent crude oil on the London exchange ICE Futures by 8:10 Moscow time on Thursday is $103.76 per barrel, which is $1.56 (1.48%) lower than […]

The state program of preferential mortgage under the new conditions, which provide for a reduction in the rate from 12% to 9% and the extension of the program until the end of the year, will work from May 1, the budget costs for its implementation, taking into account the changes are estimated at 461 billion […]

In addition to additional capitalization for 250 billion rubles from the National Wealth Fund, Russian Railways may receive subsidies for its current operations, Kommersant writes, citing sources. According to the newspaper, this issue was discussed at a meeting with First Deputy Prime Minister Andrei Belousov last week, and as a result of the meeting, the […]

Retail sales in Japan increased by 0.9% in March compared to the same month last year, according to data from the country’s Ministry of Economy, Trade and Industry. Analysts on average had expected a smaller increase of just 0.4%, Trading Economics reported. According to the revised data, the figure fell 0.9% in February, not 0.8% […]

The World Bank warned of the biggest price crisis since the 1970s, and Bloomberg learned about Gazprombank’s rejection of gas payments for Germany and Austria – these and other important news for Thursday morning, April 28, in our daily review. The world economy is facing its worst price crisis since the 1970s, World Bank experts […]

The Russian stock market started today’s trading with a steady growth on the back of improving external stock market conditions and relative calm in the Western rhetoric regarding sanctions against the Russian Federation in connection with the special operation in Ukraine. The MosBirch index rose by 1.15% to 2452.25 points during one minute of trading. […]

South Korean electronics maker Samsung Electronics Co.’s net profit rose 59% to 11.32 trillion South Korean won ($8.9 billion) in the first quarter from 7.14 trillion won in the same period a year earlier. The company said its revenue in January-March rose 19% year-on-year to 77.8 trillion won. The figure was a record high for […]

U.S. stock indexes climbed out of a deep hole on Wednesday thanks to strong earnings reports from Microsoft Corp and Visa Inc Class A, which helped overcome weak results from other companies. Another stream of earnings reports from technology companies is expected on Thursday with results from Apple, Amazon and Twitter Inc, as well as […]

US GDP growth is expected to show a sharp slowdown in the first quarter due to COVID-19. Reporting season is feverishly underway, and yesterday’s update from Facebook owner Meta Platforms* will provide a positive start to the day. Economic leader Caterpillar also reported strong results, but the main event comes a little later: it’s reports […]

British bank Barclays said Thursday it has postponed its share buyback program indefinitely and set aside a 540 million pound provision following it reported a first-quarter profit that exceeded expectations as strong investment banking performance boosted its earnings, CNBC reported. The bank reported first-quarter net income of 1.4 billion pounds ($1.76 billion), above analysts’ expectations […]

April 22, Russia’s international reserves amounted to $607.1 billion, reported the Bank of Russia. As of April 15, international reserves amounted to $611.1 billion. Thus, during the week they decreased by $4 billion, or 0.7%. The reserves decreased mainly as a result of negative revaluation, notes the Central Bank. In the previous week, the international […]

Some of Europe’s largest energy companies are preparing to use a new system of paying for Russian gas in rubles, which critics believe will undermine EU sanctions, the Financial Times reports. Among the companies planning to use ruble accounts for gas payments are Germany’s Uniper and Austria’s OMV, while Italy’s Eni is weighing all possible […]

In Q1, Latvia’s gross domestic product (GDP) increased by 5.9% compared to the same period last year, the Central Statistical Office (CSO) reports with reference to preliminary data. The GDP dynamics was mainly influenced by a 6.3% growth in the service sector and a 0.2% decrease in the manufacturing industry. According to seasonally and calendar-adjusted […]