Fed really can't do anything about oil prices - Powell Price inflation is a macroeconomic issue, he believes. We need a restrictive policy, and that is where we are headed. We don't think we've seen the full effect of quarantine in China yet.
Clients of broker "Otkritie" report that the broker imposes restrictions on currency trading Restrictions are imposed on the opening of new unsecured positions and positions with partial collateral in currencies: Yuan, Euro, Pound, Dollar. Also unsecured positions are closed and a restriction is imposed on the use as collateral for open positions in pounds.
Poland is ready to give up its objection to the minimum corporate tax Poland intends to withdraw its objection to the directive that the EU wants to use to implement a global minimum corporate tax. This raises hopes for adoption of the measure in all 27 EU member states. Unless other member states raise objections, the move will clear the way for an
Crypto Monday - Payback for Investors in Digital Assets That's the name given to what's happening in the cryptocurrency market today by CNBC's Jim Cramer. In his opinion, this is only the "first day" of the market crash. Ironically, Cramer himself managed to sell off his crypto assets "with virtually no loss" from his initial investment. Kramer also noted
Google, Twitter, Microsoft and other tech companies will have to fight dipfakes, fake accounts - Reuters According to the agency, the European Union plans to publish updated rules for technology companies regarding disinformation content on their digital platforms on June 16. If companies fail to comply with the new provisions of the EU Code, they could face heavy fines.
Unification of FIU and Social Insurance Fund supported in the State Duma, - Ministry of Labor This change will increase the upper limit of payments for sick leave, maternity benefits by one and a half times, said Vyacheslav Volodin. A single fund will begin to operate on January 1, 2023. Funds, which will be released after the optimization of costs for the maintenance of the apparatus
Citigroup lost $50 million to "fat finger" trader - The WSJ Citigroup lost $50 million because of a trader with a "fat finger," - The WSJ Citigroup's London-based remote trader mistakenly added an extra zero to the total on the morning of May 2. The consequence was a collapse in European stocks - after a 5-minute sell-off in the OMX Stockholm
Chinese President Xi Jinping has instructed his advisers to find a way to help Russia financially without violating sanctions, The Washington Post quoted U.S. and Chinese officials as saying. According to the paper's interlocutors, Beijing is in a difficult situation because, on the one hand, it wants to help "its most important strategic partner" and, on the other hand, it fears that in response the U.S. and its allies will impose sanctions.
Bank of America has no plans to offer crypto services BofA CEO Moynihan said that the company will not offer services related to cryptocurrency in the near future. However, he acknowledged the importance of digital payments in today's economy. According to Moynihan, the main obstacle to the crypto industry is regulatory problems. The SEC is suspicious of companies offering cryptocurrency
Twitter investors sued Musk - Reuters Twitter shareholders sued the billionaire for delaying disclosure of his stake in the company. According to them, Musk "saved" $156 million by buying a large number of shares in the social network without announcing it. "By delaying disclosure of his stake in Twitter, Musk manipulated the market and bought Twitter