Economic news

ECB Deputy Head Luis de Guindos Jurado noted that the situation related to Ukraine would have a negative impact on the European economy. Inflation is expected to remain high for a longer period of time. Prior to the start of the military operation of the Russian Federation in Ukraine, the bank predicted an increase in […]

Oil on Monday morning rises in price. By 8:15 am Moscow time, the Brent benchmark rose by $3.41 or 3.16%. The cost of its barrel was 111 dollars 34 cents. A barrel of WTI crude rose $3.45, or 3.3%, to $108.15. Trades on Friday ended with the rise of quotations by 1.2% and 1.7%, respectively. […]

The Chinese company Evergrande has made a statement about the suspension of trading in its shares and other securities on the stock exchange in Hong Kong. However, the company did not give a reason for the decision. In 2022, this is the second suspension of trading in the developer’s securities. This week, the company is […]

A large Turkish fast-food chain Chitir Chicken has announced that it is ready to completely replace McDonald’s that left Russia. The Izvestiya newspaper has learned that Turkish business owners are already in negotiations with shopping malls in Russia. Bulat Shakirov, who heads the Union of Russian Shopping Centers, said that the successful completion of negotiations […]

Jeffrey Gundlach, head of DoubleLine Capital, expressed his opinion about the situation in the US economy. He assumes that this year it will show growth. However, a recession is possible in 2023. Jeffrey Gundlach believes that the US Federal Reserve will be to blame for this, as its decisions are late compared to rapidly rising […]

The march meeting of the Central Bank of the RF ended with a decision to keep the rate at the current level of 20%. The Russian regulator noted that a significant february rate increase contributed to a slowdown in consumer price growth. The forthcoming restructuring of the Russian economy will be accompanied by an increase […]

Amazon.com, an American e-commerce company, announced the completion of a deal to buy Metro-Goldwyn-Mayer, which produces videos and films and rents out its video products. The purchase agreement was signed by the parties last year. Regulators in the US and the European Union have approved it. Under the terms of the deal, Amazon.com made the […]

After completing the next meeting of the Japanese Central Bank, its head Haruhiko Kuroda made a speech. He said there is currently no reason to take action to tighten the bank’s policy. Inflation is showing growth. In April, it can reach the level of 2%. But this acceleration in consumer price growth will only be […]

Oil quotes are rising. As of 7.56 Moscow time, a barrel of Brent oil has risen in price to $108 99 cents, or 2.2% compared to the closing price of the trading session the day before. The cost of a barrel of WTI oil rose to $105.69, or 2.6%. Investors are still concerned about the […]

In December of this year, the contract for the purchase of Russian gas by Poland through the Yamal gas pipeline will be completed. This month will be the last for gas imports from the Russian Federation, which occupied a significant share in Poland’s imports. Polish state oil and gas company PGNiG has the ability to […]