The Central Bank extended the restrictions on the withdrawal of cash foreign currency until March 9, 2023
The Bank of Russia, as it had warned, extended the restrictions on foreign currency cash withdrawals for another six months, until March 9, 2023, the regulator said in a press…
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…
France: household consumption up slightly in June (+0.2%)
Household consumption in France rose slightly by 0.2% in June, after a first month of rebound in May (+0.4% in data revised downwards) following two months of decline, reported INSEE…
Germany June retail sales -1.6% vs +0.2% m/m expected
Prior +0.6%; revised to +1.2% Retail sales -8.8% vs -8.0% y/y expected Prior -3.6%; revised to +1.1% The only bright spot was a revision to the May figures and the…
Presiden Biden tests positive for covid again
Biden appeared to emerge from a mild case of covid last week after a round of Paxlovid treatment but the virus returned today. There was a time when the President…
The French economy bloomed again in the second quarter, but inflation still threatens
The clouds of recession have dissipated, not those of inflation: France recorded net growth of 0.5% in the spring, but rising prices continue to weigh on consumption. The first estimate…
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…
„Yandex Investments” announced changes in work due to the inclusion of VTB in the sanctions list
The Yandex Investments service announced changes in its work in connection with the inclusion of their financial partner, VTB Bank, on the sanctions list. This is stated on the website…
The Bank of Russia noted an increase in the number of complaints against credit institutions due to sanctions
In the first half of 2022, the number of complaints against financial institutions increased by 36%, to 198.5 thousand, the main reason was the impact of sanctions on the work…
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…