On Wednesday, the White house and the US state Department commented on the situation after the decision of the United States to suspend talks with Russia on Syria. Russia does not want or is unable to fulfil the commitments made by it to the United States, said White house spokesman …
Read More »The new York times: Russia is in no hurry to cut rates amid weakening of the ruble
The Central Bank of Russia decided to leave its key interest rate unchanged after a small decline in June, as a weaker ruble increased the likelihood that inflation will exceed the target level next year amid uncertainty in matters of wages and budgetary policies. The key rate remained at 10.5 …
Read More »Oil has risen against the weakening dollar
Brent crude on London exchange ICE rose to 49.57 per barrel. Compared with the end of trading on June 17 benchmark grade rose in price on 0,81%. This is evidenced by the trading platform. Texas WTI crude oil also rises in price — as of 8:58 GMT the cost of …
Read More »Bank of China held the strongest weakening of the yuan since August
In recent days financial markets have been quite a few interesting events, especially the currency market. Here and today the people’s Bank of China unexpectedly showed the strongest since August last year, the devaluation of the yuan. As you know, stocks, and other risky assets are very sensitive to the …
Read More »Weakening consumer demand creates the risk of deflation
Weakening consumer demand creates a risk of deflation, which would depress the Russian economy, says an economic analyst with Bloomberg’s Anna Andrianova This is the case, when I come up with “John’s day’s” most Russians. The longest in two decades in Russia the recession has destroyed consumer demand. The …
Read More »Brent crude oil rose above the 41 of the dollar’s weakening against the dollar
Brent crude is trading above 41 dollars per barrel, being held on Friday at levels reached recently. On Thursday oil prices rose more than 4%. The price of a barrel of oil of mark Brent with delivery in may on London’s ICE Futures exchange dropped to $0.12 (0.3%) and $41,42 …
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