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IMF: The world economy has fallen back to the state of the Second World War

Analysts from the International Monetary Fund said that at the moment all the conditions are in place for a “perfect storm” in the global economy, as...

OPEC cuts global oil demand forecast again

If OPEC's forecast of an increase in world oil consumption to 100.29 million barrels per day is confirmed, this will mean a return of average daily...

China's iron and steel producer price index up 5.6% in April

China's overall producer price index (PPI) rose 8.0% year-on-year in April, while it rose 0.6% month-on-month....

London imposed protective duties on Russian supplies of platinum group metals

The UK announced an additional £1.4 billion package of restrictions on Russian imports, raising tariffs by 35 percentage points on products such as...

Ukraine in March lost about 70% of foreign exchange earnings from the export of rolled metal

According to the customs service, exports of ferrous metals from Ukraine in March amounted to $1.16 billion, while imports - $92.7 million....

More than 70% of Shanghai's leading enterprises have resumed work and production

The reopening rate among the first batch of more than 660 leading industrial enterprises exceeded 90%....

UK faces sharp rise in steel and timber prices in March

Prices for wood and metals have soared again after several months of gradual decline after the Russian invasion of Ukraine....

Eurozone Industrial Producer Prices Up 5.3% In March

Among Member States for which data are available, the largest monthly increases in industrial producer prices were recorded in Ireland (+36.1%),...

EU intends to impose sanctions against Moscow Credit Bank and Rosselkhozbank

The European Commission proposes to exclude Moscow Credit Bank and Rosselkhozbank from the SWIFT international payment system...

The assets of the largest metallurgical company in the Czech Republic are blocked under anti-Russian sanctions

Frozen assets in the Czech Republic may be confiscated in favor of the state if the connection of the owners of Vítkovice Steel with the Russian bank...

Dollar climbs to 20-year high against euro

Investors expect the Fed to raise rates by 50 basis points at meetings on Tuesday and Wednesday...

World Bank: Commodity prices to remain at historic highs through 2024

A World Bank Group spokesman said the war in Ukraine has dealt a severe blow to commodity markets, changing global patterns of trade, production and...

Exchange prices for iron ore and steel fall sharply due to events in China

Prospects in the near future look unreliable with expectations of more disease detection and the impact on economic conditions may be longer lasting....

Mongolia introduced a limit on the export of precious metals and cash foreign currency

Since the conflict between Russia and Ukraine began on February 24, Mongolian commercial banks have begun imposing unexpected limits on daily US...

Severstal has taken the first step towards delisting on Western exchanges

Alexey Mordashov's Metallurgical Company requested data from the depository of the DR program on the necessary actions on its part for delisting....

China approves futures and derivatives law

A special law is needed to tighten control over the Chinese derivatives market, which is the largest in the world in terms of scale....

Tesla posts record first-quarter revenue

The American automaker's quarterly revenue rose 81% to a record $18.8 billion....

NLMK plans to continue trading depositary receipts on the London Stock Exchange

Federal Law No. 114-FZ, published on April 16, obliges Russian issuers whose shares are traded in the form of depositary receipts on foreign...

The World Bank lowered its forecast for global GDP growth by a percentage point due to the war in Ukraine

The biggest component of the decline in the growth forecast was a 4.1% decline in the Europe and Central Asia region, including Ukraine, Russia and...

Oil prices rise as speculators weigh the prospect of an EU ban on Russian oil

The EU has imposed several rounds of sanctions on Russia, but has so far excluded Russian oil from the sanctions list, given the high level of...

Moody's believes that Russia may be in a state of default as early as May 4

Russia may default after trying to service its dollar bonds in rubles due to Western sanctions over the war in Ukraine, Moody's reported....

Nordgold fails to pay coupon on USD Eurobonds

The Company emphasizes that it has all the necessary financial resources to make payments on Eurobonds and will continue to interact with the trustee...

Quotes of scrap and rebar on the London Metal Exchange fell sharply

Scrap prices are falling amid a decrease in buyer activity in non-European markets....

World food prices soar to record high amid Russian-Ukrainian conflict

Global food prices rebounded significantly in March to their highest levels as the Russia-Ukraine conflict continues to push up energy prices and...

Samsung Electronics' first-quarter earnings beat market expectations on strong chip demand

Stable demand for servers, an urgent order for memory chips increased the profits of the corporation. A failure at Kioxia's factory in early February...

Severstal has lost a third of its sales and is forced to look for new customers - WSJ

The EU's action against Severstal owner Alexei Mordashov has left its steel stuck in warehouses across Europe, with sales staff scrambling to find...

Financial manager - a new demanded specialty

A well-designed course will make it easy to memorize, and most importantly, understand the material received....

Russian invasion of Ukraine could cut global economic growth by 1 percent

Import-dependent countries will suffer much more as a result of the global economic downturn....

Gold price recovers amid risks of global inflation

Gold bounces back after its biggest weekly drop since June...

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