Time and money are largely interchangeable terms. - Winston S. Churchill

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Chinese yuan strengthens against the ruble by 2%, while the dollar falls by 1.5%

Chinese yuan strengthens against the ruble by 2%, while the dollar falls by 1.5%

Yesterday, Russian regulators discussed the possibility of replenishing reserves in yuan, as well as the renewal of the budget rule. A possible accumulation currency within the framework of the budget rule could be the yuan. The Central Bank also continues to insist on increasing the circulation of the yuan in

Number of bitcoin millionaires down 76% in 8 months - BitInfoCharts

Number of bitcoin millionaires down 76% in 8 months - BitInfoCharts

According to the publication, 108,866 addresses had a balance of more than $1 million in November 2021. Right now, only 25,601 addresses can consider themselves bitcoin millionaires - a drop of 76.4%. The number of those whose bitcoin holdings exceeded $10 million is down 60%. There are

The Russian Federation wants to cancel a tax of 3 million rubles on the sale of housing - IZ

The Russian Federation wants to cancel a tax of 3 million rubles on the sale of housing - IZ

The tax-exempt amount for the sale of apartments and country houses is to be increased from 1 million to 3 million rubles if new housing is purchased instead. The initiative of major real estate companies has already been supported by the State Duma. Today the personal income tax is charged

India could benefit from U.S. recession: Recession in advanced economies could lead to lower prices, Bloomberg

India could benefit from U.S. recession: Recession in advanced economies could lead to lower prices, Bloomberg

A drop in global commodity prices would help reduce domestic inflation, according to the head of economics at Citigroup Inc. "India, being a net importer of commodities, should benefit from inflation," Samiran Chakraborty told Bloomberg. He added that India will still face pressure from the global slowdown, as it will

WARPE opposes putting fish on the stock exchange, - Prime

In Russia there is a pilot project for the sale of aquatic bioresources on exchanges, but it does not assume the obligation of market participants to sell some products on such trading platforms. The Ministry of Finance proposed to establish quantitative norms for the sale of goods on the exchange

Sber and other banks are actively closing their branches - Kommersant

Sber and other banks are actively closing their branches - Kommersant

Russian banks continue to cut offices. In May, according to the Central Bank, Sberbank increased its activity by closing 70 offices. Experts estimate that the reduction will allow banks to save up to 100 billion rubles a year. In May Sberbank accelerated the closure of additional offices and for the

Jerome Powell: Financial markets are showing that they understand the path we are taking

Jerome Powell: Financial markets are showing that they understand the path we are taking

We always strive to make our intentions as clear as possible. We will do everything we can to achieve our dual goals. Financial conditions have tightened, and rightly so. We want to see a series of declining monthly inflation figures. We should stay neutral. That would get us to a

Jerome Powell: Fed decided to raise rate by 0.75% as inflation rose sharply after May Fed meeting along with inflation expectations

Jerome Powell: Fed decided to raise rate by 0.75% as inflation rose sharply after May Fed meeting along with inflation expectations

A hike of an accelerated rate hike would help ensure the sustainability of long-term inflation expectations. Our projections are not a blueprint; no one knows exactly where the economy will be in a year. Powell at the Fed: The pace of rate hikes will depend on incoming data. Don't expect

Macrostatistics US

Macrostatistics US

Retail sales (m/m) (May): -0,3% (0.2% forecast, 0.7% pred.) Core Retail Sales Index (m/m) (May): 0.5% (Forecast: 0.8%, anticipated 0.4%) Export price index (m/m) (May): 2,8% (Forecast: 1.3%, anticipated 0.8%) Import price index (m/m) (May): 0.8%

ECB tries to save EU economy - central bank will be flexible in reinvesting PEPP program

ECB tries to save EU economy - central bank will be flexible in reinvesting PEPP program

The pandemic has left persistent vulnerabilities in the eurozone economy that contribute to the uneven normalization of our monetary policy among different countries, the ECB said. The ECB has instructed Eurosystem committees and ECB services to accelerate the development of a new mechanism to combat fragmentation. Why it matters. Rising