There are more than 19,000 cryptocurrencies and dozens of blockchain platforms in the world today, but a number of cryptocurrency firms have said that many digital tokens will collapse and the number of blockchains will shrink in the coming years, CNBC writes. The forecast made by cryptocurrency experts is not the rosiest: for example, Brad […]

Shares of Russian metallurgical company Severstal fell by 12.2% to 716.40 rubles per paper at the Moscow Exchange as of 11:50 MSC. In just two days, the company’s securities have fallen in price by more than 25%. The sharp decline in Severstal shares began after the news that the Office of Foreign Assets Control (OFAC) […]

The U.S. market ended Thursday’s trading session higher as investors were able to halt two days of declines by ignoring pessimistic news from Microsoft and another view of a sharp Fed rate hike, Business Insider writes. Microsoft revised downward its fourth-quarter revenue and earnings forecasts due to unfavorable currency fluctuations, and Fed Vice Chair Lael […]

Natural gas futures prices declined during the European session on Friday. At the New York Mercantile Exchange natural gas futures for delivery in July are traded at $8.31 per million Btu, down 2.04% at the time of writing this commentary. The session low was $/mmBtu. At the time of writing, natural gas found support at […]

During today’s trading, the US dollar is getting cheaper 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) fell by 0.1%, the broader WSJ Dollar Index – also by 0.1%. As of 9:24 Moscow […]

Oil is getting more expensive today amid a more significant than expected rise in prices for Asian buyers by the Saudi state company Saudi Aramco. This decision was perceived by the market as a signal of Saudi Arabia’s confidence in the growth of demand for oil, notes Bloomberg. Saudi Aramco said yesterday that it will […]

The U.S. is not ready to ease anti-Russian sanctions in exchange for the resumption of grain exports through the Black Sea, Politico reported, citing officials from President Joe Biden’s administration. The U.S. is closely monitoring talks on resuming grain exports across the Black Sea that the U.N. and Turkey have been holding with Russia. One […]

U.S. stock indices fell sharply on Friday after the publication of statistical data on the U.S. economy, which confirmed investors in the opinion that the Federal Reserve System (FRS) will continue rapid tightening of monetary policy. The Dow Jones Industrial Average index fell 348.58 points (1.05%) to close at 32899.7 points. Standard & Poor’s 500 […]

The Dow Jones service has stopped supplying Russian banks with sanctions data, while the volume of funds raised by IPOs in the U.S. and Europe in 2022 has fallen by 90% – these and other important news for Monday morning, June 6, in our daily review. Russian banks have a problem with obtaining compliance information […]

In May, the net outflow of funds from retail mutual funds amounted to 11.3 billion rubles, compared to a record 23.2 billion rubles, which investors withdrew from mutual funds a month earlier. This is reported by “Kommersant”, referring to the data of Investfunds. The average daily outflow last month changed less significantly – to 0.628 […]

Russian diamond mining companies are reducing the volume of exports to major markets, Kommersant reported citing statistics from India and Belgium. According to India’s Ministry of Industry and Trade, in March imports of rough diamonds totaled 209,000 carats, which is half as much as in March 2021. In total, from January to March, Russia supplied […]

Half of Russians (50%) note that compared to the beginning of May the most significant price increase among food products was for sugar, according to the data of the survey of the Public Opinion Foundation (FOM), published on the official website of the sociological center. In addition, as the results of the survey show, 46% […]

European entrepreneurs are set to buy British telecommunications group Truphone, owned by Roman Abramovich and his partners, for £1, the Financial Times reports. “British telecoms group Truphone, owned by Russian oligarch Roman Abramovich and his partners, is being sold for £1 to two European entrepreneurs,” the paper says. The newspaper notes that the decision to […]

Prime Minister Mikhail Mishustin gave instructions following the results of the meeting of the legal commission on the development of small and medium-sized enterprises, held on May 26. In particular, according to the press service of the Cabinet of Ministers, the Ministry of Industry and Trade, Ministry of Finance and Ministry of Economic Development instructed […]

The volume of cargo transportation through the network of JSC “Russian Railways” (RZD) decreased in January-May 2022 compared to the same indicators of the last year by 2%, to 562 million tons, according to the materials of the company, which were read by “Interfax”. At the same time, the volume of domestic transportation increased by […]

Didi shares are up more than 50% in premarket trading on the New York Stock Exchange to $2.82 per paper, trading data show. Quotes skyrocketed on news that Chinese regulators plan to lift a ban on new users for Didi and allow the company to return to domestic app stores. The Wall Street Journal reported […]

In April, the world central banks, according to preliminary data, bought 19.4 tons of gold for foreign exchange reserves (9.4 tons were sold in March), as calculated by the World Gold Council (WGC). The largest buyers were Uzbekistan (8.7 tons), Turkey (5.6 tons) and Kazakhstan (5.3 tons). Gold was sold mainly by Germany (0.9 tons), […]

“Public Consumer Initiative” (PCI) filed lawsuits against automakers, including General Motors, Mercedes, Volkswagen and Toyota Motor, said the head of the organization Oleg Pavlov. He specified that we are talking about domestic legal entities, writes “Izvestia”. OPI believes that foreign companies that have suspended work in Russia, violate the rights of consumers, as now people […]