Found: 278

Why Russian Banks Sharply Cut Credit Card Issuance in 2024 and What It Means for Consumers

... loan defaults. Macroprudential Restrictions from the Central Bank Since the end of 2023, the Central Bank of Russia has introduced additional macroprudential limits on the issuance of unsecured loans to alleviate the debt burden on the population and stabilize the market. Such measures aim to reduce the level of over-indebtedness and protect the financial system from potential crises. As a result, banks are compelled to tighten lending conditions, reflecting on the volume and availability of credit ...

Economic Events and Company Reports - July 30, 2025

... market's cautious view of the consumer goods sector. Teva Pharmaceutical (TEVA) – an Israeli-American pharmaceutical company, a global leader in generic drug production. After several years of restructuring and reducing debt, Teva is showing signs of stability. The market earnings forecast for Q2 is quite optimistic: expected earnings are ~$0.62 per share with revenue around $4.27 billion. This confirms the trend of improvement: the company has increased revenue year-over-year for nine consecutive ...

Gasoline Outpaces Inflation: Will Prices Continue to Rise at Gas Stations?

... respectively. This year, however, the primary contributors to the price hike are AI-92 at 4.8% and AI-95 at 4.5%, while the premium grades have seen only a slight uptick of 2.1%. The government’s complete ban on gasoline exports aims primarily to stabilize the rising quotes on the stock exchange, which have surged by 27.2% for AI-92 and 40.8% for AI-95 since the beginning of the year. Initial declines in quotes following the anticipated ban and the government’s decision lasted only a few days,...

What is devaluation in simple terms and how does it affect the Russian economy?

... Russia faced a number of factors that contributed to the weakening of the ruble. These factors included sanctions that limited access to international markets, high inflation, and a budget deficit. In response, the Central Bank raised the key rate to stabilize the ruble and reduce inflationary pressure. Difficulties for the population: The devaluation of the ruble affects the cost of living and makes imported goods, including medicines and equipment, significantly more expensive. This is especially ...

Monday, December 2, 2024: Analysis of Key Events and Reports

... is expected, indicating strengthened activity in China's small and medium-sized businesses. 08:00 MSK: India - Manufacturing PMI (Nov) Positive dynamics are forecast, reflecting growth in Indian industry. 10:00 MSK: Turkey - Manufacturing PMI (Nov) Stability in the indicator is expected, demonstrating resilience in the Turkish economy. 11:30 MSK: Switzerland - Manufacturing PMI (Nov) A slight decrease is predicted, though the indicator remains in the growth zone. 11:55 MSK: Germany - Manufacturing ...