Riyadh pledged to maintain a balance in the global oil market
In order to support the development of the global economy, Saudi Arabia has committed itself to maintaining a balance in the global oil market, the White House said following talks…
The fall of the euro is unlikely to be limited to parity
The fall of the euro may not be limited to a round number. Now, in the wholesale financial markets, one euro is equal to one dollar. „Parity” has been at…
Alfa-Bank does not expect a reduction in the key rate of the Central Bank on July 22
CBR is likely to take a break in lowering the rate at a meeting on July 22 – Alfa-Bank Economists at Alfa-Bank do not exclude that the Bank of Russia…
Costco increased sales by 20%
Retailer Costco (NASDAQ: COST) posted net sales of $22.78 billion in June. This is more than the $18.92 billion received in the same period a year earlier.
Stock indices rose steadily on Thursday
US stocks closed higher on Thursday, with the S&P 500 and Nasdaq Composite posting gains for the fourth day in a row. The S&P 500 rose 1.5%, the Nasdaq Composite…
Amazon to acquire a stake in Grubhub
Retailer Amazon.com Inc. (NASDAQ:AMZN) will acquire a stake in Grubhub, whose business has merged with Just Eat Takeaway.com (TKWY), and will offer its Prime users in the US an annual…
CureVac files lawsuit against BioNTech
German vaccine maker CureVac (NASDAQ: CVAC) has filed a lawsuit in Germany against German biotech company BioNTech (NASDAQ: BNTX), seeking compensation for what it says was infringement of its intellectual…
Powell is fully aware of the limits to the effective operation of the Fed
Yesterday’s speech by the Federal Reserve chairman in the US parliament corresponds well with the last conference closing the FOMC meeting. The Fed president is fully aware that the central…
The unemployment rate in the euro area breaks new records. Money market and debt market
Yesterday, Eurostat presented May labor market data. The seasonally-adjusted unemployment rate in the euro area fell from 6.7% to 6.6% and thus fell (again) to the lowest level in the…
The Russian stock market ended the half year with a fall following the collapse of Gazprom
The Russian stock market fell on Thursday following the collapsed securities of Gazprom (-30.5%), whose shareholders decided not to pay record dividends for 2021; this negative news finalized the general decline…