Joseph Branch

Joseph Branch

Demand for physical gold in Russia soared by 350% in the first half of the year

The experts of the World Gold Council calculated. 12 tons of bars and coins were bought by citizens, who were actively stimulated to invest in gold by the state. But those who bought at the peak of the sanctions panic in March, soon discovered that their gold is rapidly depreciating

The Central Bank will help speed up devaluation in the country and introduce additional measures to reduce bank operations in dollars and euros - the Central Bank

If external risks are realized, systemic support of the financial sector may be required, the Central Bank may consider the creation of a fund for these purposes. We do not consider the possibility of buying back blocked assets from financial institutions.

The Central Bank of Russia follows the trend: elaboration of ESG risks may become mandatory

The Bank of Russia will work on the possibility of creating special financial instruments aimed at decarbonization and greening. Companies from "dirty" industries will be able to buy such instruments and will be able to become not so "dirty", follows from the idea of the Central Bank. And the Bank

Inflation in the EU manufacturing sector went beyond forecasts, price growth accelerated to 35.8%

The producer price index for June rose 1.1%, compared to the forecast of 1.0%. Last month's increase was about 0.5%. On an annualized basis, producer inflation was at 35.8% with a forecast of 35.7%; however, compared to last year the situation has improved slightly. Retail

Siemens' British subsidiary is in no hurry to resolve the issue with the second broken turbine on Nord Stream, - Peskov

Schroeder met with Putin and hypothetically asked if Nord Stream 2 could be launched; the Russian Federation said it was ready to operate. If Nord Stream 2 is launched now, only half of the originally reserved gas volume would be pumped by the end of the year, the spokesman added.

Swiss regulator extends sanctions against Sberbank

FINMA has extended until September 1, 2022 the suspension of its subsidiary Sberbank Switzerland AG's obligations with respect to customer deposits and restrictions on payments and transactions. FINMA is responsible for the supervision of the financial markets. The regulator explained that the extension of the restrictions was due to the

China and the U.S. are in close contact

The countries communicate through various channels, the Chinese Foreign Ministry said in the context of the topic of Pelosi's possible visit to TaiwanThe beaches of Taiwan's closest province of Fujian are being mobilized with military equipment and PLA troops.

Goldman Sachs has allowed another Fed rate hike, - MarketWatch

The US quarterly reporting season turned out to be surprisingly positive: about 74% of companies from the S&P 500 list reported profits above forecasts. Analysts of the agency see the possibility of a new rate hike, but in a more measured mode. Analyst Kolanovic, who correctly predicted the

U.S. Congress Speaker Nancy Pelosi to Begin Tour of Asia July 29 - RIA

No decision has yet been made on a possible trip to Taiwan, NBC reported. Biden believes he cannot advise Pelosi on whether or not she should go to Taiwan, the White House said.

Yandex has found an alternative to the American and European markets

The company's ability to develop in Europe and the United States was limited, so the IT giant is exploring a new area of expansion. The holding strengthens its presence in Latin America. The region's technology sector began to develop actively during the pandemic, and in the Russian-Ukrainian conflict the Latin