Russia Financial News

Hungarian Prime Minister Viktor Orban will be the center of attention at an EU summit on Thursday following his meeting with Russian President Vladimir Putin last week

Russia's deadly attack on a beloved pizzeria in eastern Ukraine in June was painful for residents

defence spending would boost the economy. “We can reap a genuine peace dividend this year and then year after year, in the form of permanently reduced defence budgets," he declared in 1992. The world took note.

Investing.com-- Oil prices moved little in Asian trade on Thursday as markets hunkered down before key U.S. economic data due later in the day, while focus also remained on any more developments in the Israel-Hamas war. 

A combination of factors like the Russia-Ukraine war, recession in the US and China, and the growing popularity of labgrown diamonds have led to fall in prices of polished diamonds. The Indian diamond trade that cuts and polishes 9 out 10 diamonds available in the world has inventory in hand it wants to sell off in the domestic market at a lower price, giving a chance to Indian buyers to own bigger diamonds at a lower price. “The fall in prices of diamonds have resulted in a 20 percent hike in sales this Dussehra at our stores pan-India,” said Suvankar Sen, managing director & CEO of Senco Gold & Diamonds.

Moscow needs masses of soldiers for its Ukraine offensive. Russia does not say how many troops it has lost during the 20-month offensive, but independent estimates put the numbers well into the tens of thousands. Moscow has launched an aggressive recruitment campaign, offering huge salaries and welfare programmes in a bid to recruit soldiers for its assault. «The rate of recruitment for contracted military service has increased significantly. More than 1,600 people are signing a contract with the armed forces every day,» Russia's former leader Dmitry Medvedev, deputy chair of the nation's Security Council, said in a video published on social media.

Xi Jinping's demand for total obedience and the elimination of any potential rivals within the ruling Communist Party, analysts say. State media this week confirmed that former defense minister Gen. Li Shangfu and former foreign minister Qin Gang were «no longer serving in office,» but offered no details. The opacity of China's one-party authoritarian system creates huge speculation about why the officials left office and whether they will face legal censure.

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Clean-energy stocks have fallen out of favor, with pressures created by rising interest rates outweighing supportive government policies. The iShares Global Clean Energy ETF reached its lowest level since July 2020 this week. The exchange-traded fund invests in renewable-energy companies and utilities in line with a benchmark compiled by S&P Dow Jones Indices, including First Solar and Plug Power.

A judge in Spain has linked notorious hacker Denis Tokarenko, also known as Denis Katana, to a Russian organized crime ring involved in money laundering through Bitcoin (BTC). 

ONGC and Oil India, said brokerage house Anand Rathi in a recent report. It further added that risk-reward is favourable for this space. Disturbances due to geo-political tensions, healthy product demand and low stocks would keep refining margins healthy, especially driven by strength in diesel and ATF.

Jaishankar on Wednesday embarked on a two-day visit to Kyrgystan to attend the 22nd meeting of the Shanghai Cooperation Organisation (SCO) Council of Heads of Government (CHG), to be held under the chairmanship of Kyrgyzstan, the Ministry of External Affairs said. The October 25-October 26 meeting in the Kyrgyz capital city of Bishkek will be attended by the heads of governments of China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan, the Vice-President of Iran, and the foreign ministers of India and Pakistan. «In Bishkek, the external affairs minister will also meet with his counterparts from other SCO member states and call on the country's top leadership,» the MEA statement read. SCO observer States including Belarus and Mongolia as well as guest state Turkmenistan will also attend the meeting. The CHG is the second-highest forum in SCO.

Vinit Bolinjkar, Head of Research, Ventura Securities, says the Middle East war could be a long drawn out affair and if it plays out the way Ukraine and Russia played out in 2022, then we are going to be in for a prolonged correction taking place in the market. These levels of 17,250 which were the previous low which took place, should be the critical level to watch. Do you concur with the view that it is time to take some chips off the table, book the profits — the massive gains in the midcap and smallcap over the last three-four months or do you think it is time to keep the shopping list ready? I concur with the view that it is time to take the chips off the table. Reason being that this melodramatic geopolitical situation that has been created can’t be wished away. It will be only wishful thinking if we think that it will hush away in a few days' time. Substantial kinetic action has taken place and knowing the character of the affected country, one can be sure that they will not stop until justice is served or their goals have been met. I believe that it could be a long drawn out incursion and if it plays out the way Ukraine and Russia played out in 2022, then we are going to be in for a prolonged correction taking place in the market. I guess these levels of 17,250 which were the previous low which took place should be the critical level to watch.

Cost of living Updates Oct 25: The cost of living is basically the amount of money one needs to survive in a given place - to cover one's most essential needs such as food, water, housing, taxes, cost of commute and healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in common man's pocket.

Investing.com-- Oil prices fell slightly on Wednesday, extending sharp losses after a swathe of weak economic readings raised concerns over demand, although other data showed a sustained decline in U.S. inventories.

PwC’s global revenue growth lagged behind its big four rivals Deloitte and EY in its latest financial year, according to newly published figures.

By David French

NEW DELHI : India’s trade with Russia in yuan is gathering pace as Russian exporters prefer being paid in the Chinese currency, two people close to the matter said. The trades are routed through global financial centres like Singapore and Dubai. Russia’s trade with China hit a record after its invasion of Ukraine, and the Western sanctions that followed redirected much of its energy exports to Asia.

Ukraine’s leader says Russian naval assets are no longer safe in the Black Sea near Crimea

Ukraine President Volodymyr Zelenskyy claims that recent Ukrainian attacks have denied the Russian fleet safe bases and secure maritime corridors in the western part of the Black Sea

Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge