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Economy

A collection of 596 issues

I expect slower growth this year, but not a recession - Williams of the Fed

At the next meeting, 50 basis points or 75 basis points will be discussed The unemployment rate will rise over the next few years, the official predicts. The economy is strong and financial conditions have tightened. I expect America's GDP to grow 1-1.5% over the year, he added. Also,

Rates on ruble deposits returned to the level of the first half of February - Kommersant

The average maximum interest rate on ruble deposits in the ten largest Russian banks has declined from 9.09% in the first decade of June to 8.14% in the second. The record high indicator of the average rate in the history of measurements was recorded in the first decade

Mosbirzha provided participants with simultaneous access to the repo and deposit markets deposits with the CC

Since June 27, the stock exchange provided professional market participants with simultaneous access to the repo market and the deposit market with a central counterparty. Thus, banks, brokers and management companies licensed as professional participants may simultaneously use liquidity management tools on the repo market and place funds in deposits

Tesla's new plants "lose billions of dollars"

Elon Musk said the company's new factories in Texas and Berlin are losing billions due to battery shortages and supply chain problems caused by queues at Chinese ports. Disrupted supply lines are squeezing production rates. Musk said the Tesla plant in Texas is producing a "tiny" number of cars because

Shopify adds NFT-Gated option for online stores

The e-commerce platform hopes to enable brands to attract more customers with exclusive digital goods. NFT-Gated is Shopify's new loyalty program, which gives you the opportunity to have early access to fresh NFT merchandise when you connect your cryptocurrency wallet. The project is currently in beta testing. However, the company

Powell at the Fed: The banking system is very strong. Markets are performing well

There is a way to get inflation down to 2% with less worrisome consequences. We are hopeful that the supply situation in the markets will stabilize. Powell's optimism that the U.S. economic outlook is recovering keeps the market positive: the Nasdaq is up nearly 1%

Russian oil disappears from the radar - Bloomberg

Tougher sanctions against Russian maritime exports of oil products have had some interesting consequences. In the last 10 days at least 3 tankers with Russian oil have disappeared from the radar tracking systems in the area of the Azores. Probably the oil just goes to other ships. The agency believes

The IEA has warned that Europe must urgently prepare for a complete cessation of Russian gas exports this winter.

Birol also said that emergency measures taken by European countries this week to reduce gas consumption, such as the shutdown of old coal-fired power plants, were justified by the scale of the crisis, despite fears of rising carbon dioxide emissions.

Russia supplies more and more oil to China - attracting discounts

The largest number from 2020 Chinese enterprises received Russian oil. China bought Russian oil for an average of $93 a barrel last month, $17 cheaper than imports from Saudi Arabia during the same period.

World demand for oil has fallen - IEF

Monthly demand in April fell to below pre-pandemic levels, 97% of the 2019 level. This happened against the background of lower consumption in several Asian countries. It also became known that oil exports from Saudi Arabia rose to 7.38 million bpd in April from 7.235 million bpd in