Economic news

The Economic Times, citing informed sources, reported that the Central Banks of India and the Russian Federation have already completed the development of a unique platform for conducting payment transactions bypassing SWIFT. This became necessary due to the conduct of anti-Russian sanctions. As it became known, India offered Russia various platform options, from which the […]

In France, the upward trend in inflation continues. In March, it accelerated to 4.5% year on year. A month earlier, prices showed an increase of 3.6%. To the previous month, March inflation in the country reached 1.4%. Both indicators exceeded the levels predicted by analysts. They expected price growth in March by 4.3% and 1.3% […]

Data from the Comex exchange indicate a decrease in the cost of copper. By 8 am Moscow time, the price of a pound of metal dropped to $4.7105, or 0.75% compared to its value at the close of trading the day before. Yesterday trading on the London Stock Exchange ended with a rise in prices […]

The state-owned oil and gas company China National Offshore Oil Corporation, which ranks first in China in terms of production volumes, has published reports for the past 2021. According to published data, its net profit of 70.32 billion yuan has approximately tripled in twelve months. At the same time, economists expected its even higher growth […]

Chinese automaker Great Wall Motor has released its 2021 report. According to it, last year net profit was 6.73 billion yuan, up 25.6% from a year ago. In the reporting period, revenue was recorded at 136.4 billion yuan. In twelve months, its volume increased by 32%. The company last year sold cars at an average […]

Trading on Wednesday showed an increase in gas prices in Europe. Bidding started at $1,250 per 1,000 m3. The price then dropped to $1,243. Then there was an increase of more than 14% and amounted to 1411 dollars 70 cents. Since the military operation by the Russian troops on the territory of Ukraine, there has […]

Oil prices show growth on Wednesday morning. By 8:23 am Moscow time, a barrel of Brent oil rose in price by 73 cents, or 0.66%, to $110.96. The price of a barrel of WTI crude rose 72 cents, or 0.69%, to $104.96. On the eve of the cost of a barrel of Brent and WTI […]

FOMC member Patrick Harker said the recent inflation rate is unacceptable. In this regard, the Fed should conduct a series of rate hikes. He stressed that soft monetary policy, as well as existing problems in the supply sector, led to a significant acceleration in consumer price growth. Patrick Harker is confident in need of a […]

According to data published by the Singapore Statistics Office, in February this year, the volume of industrial production in the country increased by 17.6% compared to the same month last year. The growth rate was stronger than expected by economists increase of 6.3%. Compared to January, industrial production increased by 16.6%, which also exceeded the […]

The Japanese government has published data on unemployment statistics in the country. For many analysts, this came as a surprise. The indicator decreased by 0.1 percent, when last month it was at the level of 2.7%. Analysts had expected the unemployment rate to remain at its January level of 2.8%. At the time of the […]