The SWIFT financial messaging system will no longer provide services to Sberbank, Rosselkhozbank (RSHB) and Moscow Credit Bank from June 14. This decision was taken within the framework of the sixth package of anti-Russian sanctions of the EU. Earlier it was reported that VTB, FC Otkritie Bank, Promsvyazbank, Sovcombank, Bank Rossiya, Novikombank and VEB state […]

US broker Interactive Brokers (IBKR) has banned clients from Russia and Belarus from opening new positions with EU securities, the company said yesterday. “The governments of the US, UK, EU and other countries have imposed sanctions against Russia and Belarus in response to the escalating situation in Ukraine. These include EU sanctions that prohibit the […]

“Moscow Exchange” from June 14 suspends trading in the Swiss franc, according to the press release of the exchange. The restrictions will affect spot and swap instruments on currency pairs “Swiss franc – Russian ruble” (CHFRUB) and “U.S. dollar – Swiss franc” (USDCHF) in the exchange and OTC modes. Suspension of operations is caused by […]

The decision of the Georgian government not to join the sanctions against Russia is approved by 69.8% of citizens polled in Georgia, Georgian TV company “Imedi” reported yesterday. The poll was commissioned by the Georgian International Center for Public Opinion and Marketing GORBI. 27.1% disagreed with the government’s decision, 3.1% could not give an unambiguous […]

Oracle Corp. one of the world’s largest software makers, reported net income of $3.189 billion, or $1.16 per share, for the March-May period ( fourth quarter of fiscal 2022 ), compared with $4.033 billion, or $1.37 per share, for the comparable period a year earlier. The figure was therefore down 21%. Adjusted earnings remained at […]

The evidence for a dollar peak is inconclusive Socgen believes the dollar is currently overvalued and likely to retreat in the medium term, but domestic and global factors warrant caution in predicting a peak at this stage. While expectations for Fed policy tightening have eased somewhat, this confidence may prove misplaced, especially if inflationary pressures […]

International rating agency Fitch Ratings worsened the forecast of global economic growth in 2022 to 2.9% from 3.5% expected in March, including due to higher inflation. The most significantly revised estimate of China’s GDP lift was revised to 3.7% from 4.8%. In addition, the US economy is now expected to grow by 2.9% (previously 3.5%) […]

Binance has announced the resumption of withdrawals on the Bitcoin network. All transactions pending withdrawal of funds in the main network were carried out, follows from the message of the exchange. On June 13, cryptocurrency exchange Binance reported a temporary suspension of withdrawals in the Bitcoin (BTC) network. The reason for the failure was given […]

Unemployment in the UK, calculated according to the methodology of the International Labor Organization (ILO), in February-April 2022 was 3.8%, according to data from the country’s Office for National Statistics (ONS). In November 2021-January 2022, the figure was 4.0%. There were 1.3 million unemployed people in February-April, 355,000 fewer than a year earlier and 46,000 […]

India’s oil imports in April 2022 increased by 14% year-on-year, but decreased by 10% relative to March 2022, to 20.52 million tons, according to data from India’s Ministry of Commerce. Meanwhile, the country imported a total of 77.23 million tons of oil in the four months, up 36% from a year earlier. Russia was the […]

The Russian government will allocate an additional 7 billion rubles for the rural mortgage program, Russian Prime Minister Mikhail Mishustin said. “Now to the issue of rural mortgage. We will allocate an additional seven billion rubles for it,” he said at a meeting with deputy prime ministers. According to Mishustin, “these funds will be used […]

The Bank of Japan will increase the volume of government bond purchases tomorrow amid rising yields. The central bank plans to buy securities with a maturity of 1-3 years for 625 billion yen ($4.65 billion) and three- to five-year bonds for a similar amount. Previously announced volumes amounted to 475 billion yen in both cases, […]

Issuers, while exercising their right not to disclose sanctions-sensitive information, should also take into account the risks arising therefrom for investors. The relevant recommendation is contained in the information letter of the Bank of Russia dated June 14. Shortly after the introduction of tough anti-Russian sanctions in connection with the events in Ukraine, the Russian […]

The Governing Council of the European Central Bank (ECB) will hold an extraordinary meeting on Wednesday “to discuss current market conditions”, Bloomberg news agency reported, citing a statement from the regulator’s representative. Last week, the European Central Bank kept key interest rates unchanged and signaled plans to raise them by 25 basis points in July. […]

Chinese stock indices are rising today amid the publication of data indicating a gradual recovery of economic activity in the country in May after the easing of covid restrictions. Chinese index Shanghai Composite by 8:25 Moscow time rose by 1.8%, Hong Kong Hang Seng – by 1.5%. China’s industrial output rose 0.7% year-on-year in May […]

The oil market is showing a moderate rise after the previous day’s decline caused by optimism about the Iranian nuclear deal. Iranian authorities believe that negotiations on reviving the 2015 nuclear deal may end in success, The Times of Israel wrote. An agreement could lead to a relaxation of sanctions and an increase in Iranian […]

U.S. stock indexes ended the trading session lower as everyone awaits the end of the U.S. Federal Reserve’s two-day meeting on Wednesday, at which it will announce its interest rate decision and give an indication of what could happen this summer. The Fed has signaled a half-point rate hike, but expectations have been growing in […]