The Congressional Budget Office (CBO) forecasts a slowdown in economic growth in the country by the end of this year and in 2023 due to the tightening of monetary policy by the Federal Reserve (Fed) and the reduction of fiscal stimulus. CBO also expects a gradual easing of inflation in the United States. “Higher inflation […]

A number of European energy companies have yielded to Russian President Vladimir Putin’s demand to receive Russian natural gas using a new payment system in rubles, which allows them to avoid new disruptions in gas supplies, The Washington Post reports. Thus, Russia’s requirement to “unfriendly” countries to switch to paying for gas in rubles is […]

It is necessary to develop strategic decisions for the Russian economy, said the Chairman of the Bank of Russia Elvira Nabiullina at the congress of the Association of Banks of Russia, RBC reports. “The time of tactical decisions is coming to an end and now it is strategic decisions that have to be worked out,” […]

Russia cannot be squeezed out of the international economic system, Russian President Vladimir Putin has said. “We understand the huge technological advantages, the advantages of high technology in developed economies. We are not going to cut ourselves off from it. They want to squeeze us out of it a little bit, but in today’s world […]

In trading on Thursday, May 26, Avalanche quotes fell by double digits after they had already lost 18% for the week and 57% for May. The most likely reason for this drop remains the ongoing uncertainty surrounding the Terra (LUNA) and TerraUSD (UST) projects. Avalanche is linked to these two projects, which are managed by […]

Gazprom’s shares fell sharply at the Moscow Exchange. The securities fell to 245 rubles per share as of 13:41 Moscow time. If at 13:39 Moscow time the value of one share amounted to 281.05 rubles, then at 13:40 Moscow time the quotation amounted to 246 rubles (-12.47%). At the same time, the securities lost about […]

The Bank of Russia has decided to limit circulation of foreign securities blocked by international settlement and clearing organizations in organized trades from May 30, 2022. This is stated in a statement by the Central Bank. This decision is aimed at protecting the rights and interests of investors and minimizing their risks. The exceptions will […]

During the week of May 23-27, the most popular financial instruments (according to Investing.com Russia) were the following: USD/RUB, Bitcoin, Brent Oil, EUR/RUB and Gazprom. As for news, the most interesting for the week were the following: McDonald’s CEO in Russia denied rumors about a new name for the chain; Gazprom recommended paying record dividends […]

With a volatile month in the stock market coming to an end, investors will be eagerly awaiting Friday’s U.S. non-farm payrolls report, which could help set the tone for the market in June. Recent encouraging economic data has raised hopes that the U.S. Federal Reserve will be able to tighten monetary policy without plunging the […]

U.S. stock indexes rose on Friday, breaking a multi-week losing streak after a string of upbeat corporate reports temporarily offset fears of a sharp economic slowdown. The S&P 500 jumped by the close, adding 2.5% to close at 4158.27 points. The index had its best week since November 2020, rising more than 6.5% in 5 […]

Precious metals reserves in Russian banks have fallen by 20% in two months, and the Central Bank has restricted trading in foreign shares blocked by international depositories – these and other important news for Monday morning, May 30, in our daily review. The stocks of precious metals in Russian banks decreased significantly in February-March: as […]

Quotes of futures for Brent crude oil with delivery in July as of 05:43 MSC rose to $120.5, which is 0.9% above the closing level on Friday. As of 11:30 MSC prices corrected to $116.53. This is evidenced by the trading data of the ICE Futures exchange. The contract price exceeded the $120 mark for […]

The Rosneft Board of Directors recommended to the shareholders’ meeting to pay dividends for 2021 in the amount of 23 rubles. 63 kopecks per share. A total of 441.5 bln rubles of dividends will be paid. On the news of this, the company’s shares rose by 3%. A press release on Rosneft’s website says that […]

The dollar declined in early European trading on Monday, nearing its first monthly drop in 5 months, as a calmer risk appetite and heightened expectations of a pause in the U.S. Federal Reserve’s tightening cycle took their toll. At 02:55 am ET, the dollar index, which tracks its exchange rate against a basket of 6 […]

With a volatile month in the stock market coming to an end, investors will be looking forward to Friday’s U.S. non-farm payrolls report, which could help set the tone for the market in June. Recent encouraging economic data has raised hopes that the U.S. Federal Reserve will be able to tighten monetary policy without plunging […]

There are no objective reasons for Russia’s default in the current situation, Russia is ready to pay its obligations, presidential spokesman Dmitry Peskov told reporters today. “There can be no objective reasons for default. There is money, there is readiness to pay them – whether in rubles, or whether under a scheme that may be […]

Today stock indices of the largest countries of the Asia-Pacific region are changing without a single dynamics. The Chinese market is supported by good statistical data, as well as the weakening of anti-commodity restrictions in the country. The Purchasing Managers’ Index (PMI) in China’s manufacturing industry rose to 49.6 points in May from 47.4 points […]

Russia this year due to the accident at the Fedorovsky hydroelectric complex in the Krasnodar region (the main producer of rice in the Russian Federation) may reduce the harvest of this cereal crop to 700 thousand tons, predicts the president of the Russian Grain Union Arkady Zlochevsky. “Kuban produces 80% of rice. Usually we harvest […]