Russia Financial News

Russia has unveiled a sprawling exposition highlighting the nation’s accomplisments, which will run through the months leading to the presidential election in which Vladimir Putin is widely expected to seek a new term

Russian attacks in Ukraine have wounded at least 14 civilians as the president of the European Union's executive returned to the Ukrainian capital to meet with President Volodymyr Zelenskyy

Binance, the world's largest cryptocurrency exchange, has announced its exit from the Russian market, selling its business in the country to CommEX, a newly launched exchange. 

Crypto, the buzzword in the world of finance. There are currently around 31 million users of these digital assets in Europe, according to estimations from cryptocurrency payment gateway TripleA.

₹5,826.96 crore in the September quarter of FY23-24.The company reported a returning to profitability in the September quarter after a boost in marketing margin improved earnings. It logged a consolidated net profit of ₹5,826.96 crore in July-September 2023-24. In the year-ago period, the company had a loss of ₹2,475.69 crore, it said in a stock exchange filing.

Oil prices soared on Monday after Saudi Arabia and Russia said they would continue their extra voluntary supply cuts until the end of the year. Brent crude futures rose $1.25, or 1.47%, to $86.14 a barrel by 1145 GMT. US West Texas Intermediate crude was up $1.29, or 1.6%, at $81.80.

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Vladimir Putin has not announced a decision to seek another term in office yet, Kremlin Spokesman Dmitry Peskov told Russian news agency TASS. When asked to comment on a Reuters report that Putin had allegedly decided to run in the March 2024 presidential election, Peskov said: "Putin has not made any statements on the matter yet." "An election campaign has not yet been announced," he added. Russia is expected to hold its presidential election on March 17, 2024.

interest rates elevated. What does higher for longer mean? Over the past year, various central bankers including Reserve Bank of India governor Shaktikanta Das and US Federal Reserve chairman Jerome Powell have said that tackling high inflation may need interest rates being kept higher for longer. Financial markets, however, had predicted that central banks would start cutting rates by the end of 2022, less than a year after the hiking cycle commenced. Indeed, data shows that the Fed started cutting rates only eight months after its previous hiking cycle ended in December 2018.

step back from immediate escalation. Yet amid the bloody struggle in Gaza between Israel and Hamas, a broader and potentially more dangerous rivalry with Iran is growing. Having abandoned the Trump-era approach of “maximum pressure" on Iran, in recent months the Biden administration had sought quietly to reduce tensions.

Write to Georgi Kantchev at [email protected], Joe Wallace at [email protected] and Andrew Duehren at [email protected]

Investing.com-- Gold prices fell in Asian trade on Monday, as any relief over a potential pause in the Federal Reserve’s rate hikes was largely offset by traders selling the yellow metal in favor of more risk-driven assets. 

By Florence Tan and Colleen Howe

Investing.com-- Oil prices rose in Asian trade on Monday amid easing fears of more Federal Reserve rate hikes, although anticipation of several economic readings this week, particularly from China, kept traders on edge. 

“With the election buzz around the corner, steering clear of volatile stocks, especially in the smallcap realm, would be smart,” says Sonam Srivastava, Founder and Fund Manager at Wright Research, PMS. In an interview with ETMarkets, Srivastava said: “Considering the delayed festive season, placing bets on the consumption narrative, commodity and energy sectors, sizable banking and financial entities, and IT stocks, which have caught the eye of FIIs, could be a strategic approach to capitalize on the present dip” Edited excerpts: We have seen markets coming down from highs in both Sensex and Nifty. What is fueling the fall – is it the combination of a rise in US Yields and geopolitical concerns? The Sensex and Nifty have seen a notable correction lately, which seems a bit out of place considering India's strong growth narrative.

Pashupati Advani, Founder & Chairman, Global Foray, says “I unfortunately bailed out of Paytm a little early, so I am kind of watching it go up and missing it. Zomato is okay and with the World Cup, definitely the numbers have been good and the stickiness is also going to be there. So it is the way India is moving and it is new patterns that are coming up and we actually have to predict those to make money.” How is your portfolio shaping up? What have you been busy analysing and adding in your portfolios? I am a little bit reluctant to add aggressively simply because we are not at highs. But there is a lot of turmoil. I find it very difficult to believe that even though people are slaughtering each other in Israel and Gaza and in Ukraine and Russia, markets continue to trade up sort of quite interestingly. But there obviously seems to be money around. But I am a little surprised at where things are going. I have actually not been so aggressive.

Oil prices edged up on Monday after top exporters Saudi Arabia and Russia said they would stick to extra voluntary oil output cuts until the end of the year, keeping supply tight, while investors watched out for tougher U.S. sanctions on Iranian oil. Brent crude futures rose 41 cents, or 0.5%, to $85.30 a barrel by 0000 GMT while U.S.

earnings, global trends and foreign flows will drive the market momentum. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 20 points, or 0.10 per cent, at 19,447, signaling that Dalal Street was headed for positive start on Monday.

HROZA, Ukraine—When the Mamon brothers were growing up in this farming village near the border with Russia, Andriy Kozyr would occasionally stop by the family’s house. Once, returning from a construction job abroad, he brought them a scooter and a toy gun, plus cognac for their parents. That’s how people got along in Hroza before the Russians marched in early last year.

By Guy Faulconbridge

ballistic missile designed to carry nuclear warheads from a new nuclear submarine. The report comes as tensions are soaring between Russia and the West over the fighting in Ukraine.