Regional News

14.06.2024

Russian market braves negative expectations from Central Bank

On Friday, June 7, the main intrigue of the week came true: the Bank of Russia kept the key rate at 16%. The rate, of course, remains very high, but most investors in the market expected it to rise to 17%, and there were some opinions that it could rise...

On Friday, June 7, the main intrigue of the week came true: the Bank of Russia kept the key rate at 16%. The rate, of course, remains very high, but most investors in the market expected it to rise to 17%, and there were some opinions that it could rise...

14.06.2024

Over $71 billion worth of deals signed at St. Petersburg Forum

Almost 1,000 deals and contracts, with a value of more than 6.43 trillion rouble ($71.87 billion) have been signed at the St. Petersburg International Economic Forum (SPIEF), according to Russian presidential adviser and Executive Secretary of the SPIEF Organizing Committee Anton Kobyakov.

Speaking at the forum’s final press briefing on Saturday,...

Almost 1,000 deals and contracts, with a value of more than 6.43 trillion rouble ($71.87 billion) have been signed at the St. Petersburg International Economic Forum (SPIEF), according to Russian presidential adviser and Executive Secretary of the SPIEF Organizing Committee Anton Kobyakov.

Speaking at the forum’s final press briefing on Saturday,...

14.06.2024

BRICS members prepare unified payment system

BRICS finance ministers are currently examining the possibility of launching a common blockchain-based system of financial settlements that could be used in place of the Western-dominated financial messaging system SWIFT, Russian Finance Minister Anton Siluanov said on Friday.

Providing an alternative payment system is a key goal of the new mechanism,...

BRICS finance ministers are currently examining the possibility of launching a common blockchain-based system of financial settlements that could be used in place of the Western-dominated financial messaging system SWIFT, Russian Finance Minister Anton Siluanov said on Friday.

Providing an alternative payment system is a key goal of the new mechanism,...

14.06.2024

Yuan stagnates as greenback lingers on lower end

China's yuan remained largely steady on Friday, while the dollar hovered close to an eight-week low on Friday, ahead of a crucial U.S. jobs report that should provide clues on when the Federal Reserve will start to cut interest rates.

Prior to the market open, the People's Bank of China set...

China's yuan remained largely steady on Friday, while the dollar hovered close to an eight-week low on Friday, ahead of a crucial U.S. jobs report that should provide clues on when the Federal Reserve will start to cut interest rates.

Prior to the market open, the People's Bank of China set...

14.06.2024

China stocks closed down on Friday after a report that US lawmakers pushed to ban Chinese battery firms with ties to Ford and Volkswagen from exporting to the United States.

The decline came even as data showed growth in China’s exports for a second month in May and at a faster pace.

In contrast, global stocks hovered at a record high after the European Central Bank cut interest rates for the first time in five years and traders waited on crucial...

The decline came even as data showed growth in China’s exports for a second month in May and at a faster pace.

In contrast, global stocks hovered at a record high after the European Central Bank cut interest rates for the first time in five years and traders waited on crucial...


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