The Central Bank threw $ 7 billion to save the ruble
The Bank of Russia has unsealed its gold and foreign exchange reserves to put out a fire in the foreign exchange market that broke out after President Vladimir Putin announced…
Eni’s net profit soared 15 times thanks to rising energy prices
Italian oil and gas company Eni SpA increased its net profit by more than 15 times in the second quarter of 2022 amid rising oil and gas prices. According to…
Stellantis: Less power over car prices in 2023, Tavares says
The chief executive of Stellantis expects a gradual normalization of semiconductor supplies in 2023, reducing the imbalances that have allowed him to raise the price of his cars and post…
Competition for LNG supplies intensified globally
Competition for LNG supplies in the world has intensified after Gazprom announced a reduction in gas pumping to Europe through the Nord Stream pipeline, Bloomberg reports. Energy companies in South…
Lavrov noted that Russian grain exporters are committed to their obligations
Russian exporters are committed to their obligations to export agricultural products, Russian Foreign Minister Sergei Lavrov said on Sunday. „We reaffirmed the commitment of Russian exporters of grain products to…
Gold rises in price and may break a series of five weeks in the red in a row
Gold prices are rising again on Friday and may end this week in positive territory after a five-week series of declines, MarketWatch writes. Quotations of August contracts on the New…
The ECB raised interest rates for the first time in 11 years – by 50 bp.
The European Central Bank (ECB) following a meeting on Thursday raised interest rates for the first time in 11 years, immediately by 50 basis points (bp). The base interest rate…
Recession risks are pushing demand for oil down – analysts expect $100 per Brent in the second half of the year. Review
Fears about a recession in the global economy, which may come due to the crisis in the energy market, dropped Brent prices by 7% in July. To date, the cost…
American Airlines Records Record Q2 Revenue
American Airlines Group recorded record revenue in the second quarter of 2022 and said it sees potential for its further growth due to the expected increase in demand for business…
FAS found Apple guilty of abusing the app market
The Federal Antimonopoly Service (FAS) of Russia has recognized the American company Apple as a violator of antitrust laws, the service said. „The Commission of the Federal Antimonopoly Service of…