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

Bank

Britain prepares to cancel part of Brexit deal - Bloomberg

Britain prepares to cancel part of Brexit deal - Bloomberg

The U.K. has unveiled a bill canceling part of the Brexit agreement it signed with the European Union. There are risks of a trade war between the parties, as well as additional threats to Johnson's political position. Under the provisions of the bill, Britain no longer plans to recognize

Morgan Stanley CEO: There is a 50/50 chance of a recession, but it is unlikely to be deep or prolonged.

Morgan Stanley CEO: There is a 50/50 chance of a recession, but it is unlikely to be deep or prolonged.

According to Gorman, no one can predict exactly what inflation will be a year from now. He also added that Europe's economy will certainly be "slower" than North America's this year. Earlier on May 26, James Gorman estimated the probability of a recession to be below 50%. At the time

Biden instructed his administration to analyze the possibility of lifting higher duties on imports from China, - CNN

Biden instructed his administration to analyze the possibility of lifting higher duties on imports from China, - CNN

This is necessary to curb record-breaking inflation, said U.S. Secretary of Commerce Gina Raimondo. According to her, the elimination of duties on imports of consumer goods could be good for the U.S. economy. However, steel and aluminum tariffs imposed during Donald Trump's presidency are likely to remain in

The Central Bank has increased the daily limit on the sale of shares received from depositary receipts - Frank Media

The Central Bank has increased the daily limit on the sale of shares received from depositary receipts - Frank Media

The Bank of Russia has increased the daily limit on the sale of shares of Russian companies, which were converted from depositary receipts. Now it is 5% of the number of such securities, instead of 0.2% established earlier. These restrictions apply only to operations of Russian residents who became

Sber tested unmanned cars on the streets of St. Petersburg - KD

Sber tested unmanned cars on the streets of St. Petersburg - KD

The website SberAutoTech found a video of drone tests in St. Petersburg. The cars were transporting passengers around Krestovsky Island, with at least two drones participating in the races. SberAutoTech has not yet commented on the journalists' request, and after the material was published, it removed the video clip and

White House prepares energy regulations for bitcoin

White House prepares energy regulations for bitcoin

White House spokesman Kosta Samaras assured that the regulations will not prohibit or unduly hinder the activities of mining companies. According to the official, its main goal is the reasonable integration of cryptocurrencies into the global financial market. Bitcoin miners have previously been accused of excessive energy consumption, which caused

Fed's Barkin: You can't "find" recession in macroeconomic data - Fox Business interview

Fed's Barkin: You can't "find" recession in macroeconomic data - Fox Business interview

A balance sheet reduction does little more than raise rates to tighten policy. I am quite comfortable with the option of raising rates in the next few meetings. The stronger the economy and higher inflation, the better to do "more" on rates.

Ozon agreed with 36% bondholders on suspension of full redemption demand - Interfax

Ozon agreed with 36% bondholders on suspension of full redemption demand - Interfax

The agreement was reached with foreign holders of 21.4% of the bonds, as well as with Russian holders of 14.5% of the bonds. It comes into force since June 1 and will be valid until August 30 of this year. Earlier it was reported that due to regulatory

Credit Suisse considers selling its asset management business

Credit Suisse considers selling its asset management business

According to sources, the bank is looking to raise funds for capital investments. The sale of the asset manager division may be related to the bank's desire to get rid of its ties to Russian assets. Over the past 2 decades, Credit Suisse has become one of the most popular

Russia may start issuing "substitute" bonds to exchange Eurobonds - Interfax

Russia may start issuing "substitute" bonds to exchange Eurobonds - Interfax

This is how it is proposed to make life easier for those who have suffered from difficulties with servicing debt securities due to sanctions. "A Russian issuer that previously issued Eurobonds can issue a substitute Russian bond and exchange it for this Eurobond and subsequently service it," the Bank of