Lagarde (ECB): the anti-spread shield will allow interest rates to rise
06/28/2022

Lagarde (ECB): the anti-spread shield will allow interest rates to rise

The anti-spread shield is not in contrast with the rate hike, on the contrary it is a precondition for it. This was underlined by the president of the ECB, Christine Lagarde, in the Sintra speech. "Maintaining monetary policy transmission across the Eurozone will allow rates to be raised to the extent necessary," Lagarde said. "In this sense, there is no opposition between the launch of a new instrument and the adoption of the orientation necessary to stabilize inflation at our goal. On the contrary, one favors the other".

Business Climate Index in Germany fell
06/24/2022

Business Climate Index in Germany fell

The Business Climate Index in Germany fell to 92.3 in June from 93 in May and below expectations, the Institute for Economic Research (Ifo) revealed in a report on Friday. The Current Assessment Index fell to 99.3, compared to 99.5 in May, while the Expectations Index declined to 85.8 in June from 86.9 in May.

Gazprom cancels 2021 dividends, shares down by 30%
06/30/2022

Gazprom cancels 2021 dividends, shares down by 30%

PJSC Gazprom announced on Thursday that at their annual meeting the company's shareholders decided not to pay dividends for 2021, making the first such move since 1998 and prompting shares to tumble more than 30%.

Pending inflation in Germany
06/29/2022

Pending inflation in Germany

European stock exchanges opened in the red on Wednesday in anticipation of German inflation and European Union consumer confidence data, as well as public appearances by the European Central Bank policymakers, including ECB President Christine Lagarde, Bailey and Jerome Powell. Traders will also monitor remarks Western leaders will make at the NATO summit in Spain.

Norway plans to increase gas deliveries to EU
06/23/2022

Norway plans to increase gas deliveries to EU

Norway and the European Union announced on Thursday, in a joint statement, that the former is planning to increase gas supply to the EU countries amid the current energy crisis.

Number of quake victims in Afghanistan at 920
06/22/2022

Number of quake victims in Afghanistan at 920

The death toll of the 6.1-magnitude earthquake that hit Afghanistan has now reached 920, Deputy Minister for Natural Disaster Management Mawlavi Sharfuddin Muslim stated in a press conference on Wednesday.

Warren Buffet on cryptocurrencies
06/21/2022

Warren Buffet on cryptocurrencies

"If the people in this room owned all of the farmland in the United States and you offered me a 1% stake for $ 25 billion I would write you a check right away. If you owned 1% of the apartments in the United States and you offered it to me. for another 25 billion dollars, I'd write you a check for that too. If you owned all the bitcoins in circulation in the world and you offered them to me for 25 dollars, I wouldn't buy them. Because I don't know what to do with it. "

Leonardo up sharply after merger between Leonardo Drs and Rada Electronic Industries
06/21/2022

Leonardo up sharply after merger between Leonardo Drs and Rada Electronic Industries

Merger between Leonardo Drs and Rada Electronic Industries as a result of which the US subsidiary of the group led by Alessandro Profumo will be listed on the Nasdaq. On Tuesday 21 June, before the start of trading on the Stock Exchange, Leonardo announced that the two companies have signed a binding agreement for the merger of Rada into Drs with automatic listing of the latter, expected by the end of the year.

EU extends sanctions againt Russia over Crimea
06/20/2022

EU extends sanctions againt Russia over Crimea

The European Council announced on Monday that it is renewing the sanctions introduced in 2014 after Russia annexed Crimea and Sevastopol. The measures will be extended until June 23, 2023 and include prohibitions targeting the imports of products coming from the annexed areas, infrastructural or financial investments, tourism services, as well as exports of certain goods and technologies.

Bitcoin slipping below $24,000
06/13/2022

Bitcoin slipping below $24,000

The sell-off hitting equities and fixed income overwhelms cryptocurrencies as well, with Bitcoin slipping below $ 24,000 to $ 23,646, the lowest levels since December 2020. Currently, the major cryptocurrency is losing 14% while Ethereum, the second largest, drops 9.86% to $ 1,313.