The Reserve Bank of India (RBI) raised its key interest rate in an effort to curb inflation in the country. The repo rate was raised by 50 basis points (bps) to 4.9%. Experts polled by The Wall Street Journal had largely expected a 40 bps hike. India’s inflation in April accelerated to the highest since […]

Stock indices of the largest countries of the Asia-Pacific region (APR) are rising in trading on Wednesday against the background of the growth of the U.S. stock market on the previous day due to the rally of companies in the technology sector. The U.S. stock market ended trading on Tuesday in the plus after a […]

The US dollar is appreciating against the euro, yen and pound sterling in trading on Wednesday. Calculated ICE index, showing the dynamics of the dollar against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona) rose by 0.24%, the broader WSJ Dollar Index – by 0.17%. The market’s focus is on […]

A short working week and a long weekend are coming to Russians in connection with the celebration of Russia Day on June 12, the press service of Rostrud reported. “This year June 12 falls on Sunday, so the weekend will last from Saturday, June 11, to Monday, June 13, inclusive,” the press service said on […]

The head of Trafigura warned of a “parabolic” rise in oil prices, and funding for Musk’s Twitter deal is partially suspended – these and other important news for Wednesday morning, June 8, in our daily review. Oil prices could see a “parabolic” rise this year, soaring to records and slowing economic growth, according to Jeremy […]

Asia-Pacific stock indexes rose Wednesday morning, with lower bond yields easing some investors’ fears of an interest rate hike-induced recession. Japan’s Nikkei 225 index added 1.00% by 22:28 Eastern Time (02:28 GMT). Beating market expectations, government data released this morning showed that Japan’s GDP contracted at an annualized rate of 0.5% in January-March, less than […]

Andrei Skabelin, Director of the Currency Market Department of the Moscow Exchange, said that in the near future the Exchange plans to launch trading in Armenian dram, Uzbek sum and Emirati dirham. According to him, the exchange has 20 currency pairs under consideration for possible launch, Kommersant reports. “In the coming months, we plan to […]

Every fourth Russian expects his or her wealth to increase in the coming year, according to the data of a poll conducted by the Public Opinion Foundation (FOM), published on the official website of the sociological center. A quarter of Russians (26%) are sure that within the next year they have reason to expect an […]

Sales of new passenger cars in Belarus in May 2022 fell by 83%, or almost 6 times, compared to May last year – to 629 cars, reported the Belarusian Automobile Association (BAA). Compared to April this year, sales in May decreased by 30%. In January-May this year, 10.6 thousand new cars were sold in Belarus, […]

Ozon, Avito, Cian, as well as HeadHunter (MCX, Tinkoff and the owner of the Beeline brand, Vimpelcom, have asked the government to support the initiative of the Ministry of Digitalization to change the criteria for including software in the register of Russian software. The corresponding request is contained in the letter of the heads of […]

Oil prices continued to rise on Thursday morning after rising to three-month highs the previous day. The market is analyzing statistical data on the volume of crude inventories in the United States and China’s foreign trade for May. The volume of Chinese exports last month jumped 16.9% in annualized terms, showing growth at the fastest […]

Rising fuel and food costs have become a problem not only for the world’s leading economies – consumer price increases in developing economies are also hitting multi-year highs. In Chile, South America’s fifth-largest economy, annual inflation accelerated to 11.5 percent in May from 10.5 percent a month earlier, becoming the highest since July 1994, official […]

The vast majority of analysts expect the key rate to be cut by 100 basis points (b.p.) to 10% per annum at the meeting of the Central Bank of Russia’s Board of Directors on Friday, June 10. The Board of Directors of the Bank of Russia at an extraordinary meeting on May 26 decided to […]

Export shipments of fertilizers via the Russian Railways network in May increased by 37% against April, to 2.6 million tons, a source familiar with the state monopoly’s data told Interfax. Among the largest fertilizer producers, Uralkali and Uralkhim, which last month showed a sharp decline in shipments abroad, increased exports the most – several times […]

The European Central Bank (ECB) at the end of the next meeting may announce plans to raise the key interest rate for the first time since 2011. Also, the ECB will present new economic forecasts, which are likely to show that inflation in the euro area will not fall to the target of 2% during […]

Investments in fixed capital in the capital in January – March this year exceeded 700 billion rubles, which is 4.8 percent more year-on-year. “According to Mosstat data, investments in fixed capital in Moscow in the first quarter of 2022 amounted to 713 billion rubles, which is 4.8 percent more than last year. The capital accounts […]

The euro is stable against the US dollar, the Japanese currency is appreciating, the pound is declining against the US currency. The market is waiting for the publication of the results of the June meeting of the European Central Bank (ECB), which will be held at 14:45 Moscow time. Experts mainly predict that the ECB […]

Tinkoff Bank will introduce a fee for servicing accounts in foreign currency from June 23, the bank said in a statement. The change will affect card accounts in US dollars, euros, pounds sterling and Swiss francs. The bank will charge 1% per month for servicing such accounts with a balance over 1000 u.u. in the […]