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Sberbank and deposits of Russians are on the new EU sanctions list - Frank Media

Sberbank and deposits of Russians are on the new EU sanctions list - Frank Media

The new EU sanctions package includes Sberbank, an embargo on gold from Russia, as well as additional restrictions on deposits by Russians, said Hungarian Foreign Minister Petr Szijjártó. He added that additional restrictions are imposed on public procurement and acceptance of deposits, as well as bans on other, mainly auditing,

Inflation in Argentina hits 30-year high - Bloomberg

Inflation in Argentina hits 30-year high - Bloomberg

Consumer prices in Argentina rose in June at the fastest pace in more than three decades. The deterioration was expected after the resignation of the economy minister this month. Prices rose 5.3% in June compared to May, slightly less than analysts' forecast of 5.4%. On an annualized basis,

The government exempted six machine-building companies from the excise tax on liquid steel

The government exempted six machine-building companies from the excise tax on liquid steel

The Ministry of Finance is not yet ready to cancel the excise tax for the entire industry, despite the drop in steel output amid sanctions and a stronger ruble. However, experts believe that the profitability of steel companies remains relatively high even in the current environment.

Fed officials believe a 50 or 75 basis point hike is likely at the FOMC meeting in July - Fed meeting minutes

Fed officials believe a 50 or 75 basis point hike is likely at the FOMC meeting in July - Fed meeting minutes

Many FOMC participants saw a significant risk of entrenched inflation. Even more restrictive policies are possible in the future. Participants at the June meeting agreed that the inflation outlook had worsened, requiring a 0.75% rate hike. To date, participants have seen little evidence that supply constraints are loosening enough

IMF head Georgieva: I cannot rule out a possible global recession in 2023

IMF head Georgieva: I cannot rule out a possible global recession in 2023

The IMF will revise its previous global growth forecast of 3.6% in 2022 and 2023 downward. The outlook for the global economy has deteriorated significantly since the last economic report in April.

Wheat futures price lost all of its 2022 gains amid good U.S. harvest

Wheat futures price lost all of its 2022 gains amid good U.S. harvest

Also note that corn and soybeans are turning around. Thus, price pressures in the U.S. may fall, and hence Fed policy will be softer.

NFT sales down more than 90%, - Independent

NFT sales down more than 90%, - Independent

The decline in sales occurred against the background of the crypto-zine. While at the "peak" between August and November of last year, NFT sales often exceeded $200,000 a day, now they barely reach $19,000. Previously, the hype surrounding NFT was fueled by the interest of stars such as

Natural gas in the U.S. cheapens 13% and trades at about $5 per million thermal units

Natural gas in the U.S. cheapens 13% and trades at about $5 per million thermal units

Gas in the US keeps getting cheaper after a fire at Freeport, the largest LNG export terminal in the states. Today the EIA reported a rise in U.S. gas reserves, which means domestic supply is stabilizing.

Biden continues to lose voter confidence

Biden continues to lose voter confidence

According to the latest NYT poll, only 31% of Americans are happy with Biden's policies regarding support for people's financial well-being. Fifty-two percent of Americans believe their financial situation has worsened since last year.

Unemployment in Russia may reach 8%: forecast worsens - Kommersant

Unemployment in Russia may reach 8%: forecast worsens - Kommersant

By the end of the year, the number of jobs may decrease by 2 million, causing the unemployment rate to rise from 4.4% to 7.8%, says ANCOR Vice President for Operations Management Mironov. The reasons are the same: the departure of foreign companies. The expert predicts two outcomes: