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The Central Bank of Russia acquires the Saint Petersburg Currency Exchange: goals, consequences and prospects
... why this deal was made, what prospects it opens up for the Central Bank and the financial sector as a whole.
Who did the Central Bank acquire the Saint Petersburg Currency Exchange from?
According to Frank Media, sources familiar with the situation reported that the Central Bank of Russia acquired SPCE from shareholders, probably representing the interests of large participants in the currency market. The exact details of the sellers are not disclosed, but the deal was obviously dictated by the ...
Which Companies to Avoid Investing In
... Conversely, if a firm distributes all its profits to investors for several years without reinvesting in production, this raises a red flag regarding poor management. Such a company is destined for bankruptcy.
Volatility of Financial Metrics. The figures in reports should not fluctuate significantly. Unstable results are a cause for concern, making it difficult to track performance trends. According to Sergey Tereshkin, this volatility may indicate the company's dependence on external factors or manipulation ...
Thursday, November 21, 2024 Key Economic Events
Tomorrow brings critical decisions from the central banks of Turkey and South Africa, shaping emerging market currencies and global trade dynamics. U.S. labor market data and EU consumer confidence reports will set the tone for market movements, while corporate earnings from tech giants like Baidu and PDD, along with U.S. retail leaders, provide insights into sector performance.
Key Economic Events for Thursday, November 21, 2024
Central Bank ...
Alternative Energy: Should You Invest?
Scientists worldwide have been reporting a decline in global reserves of carbon fuel for several consecutive years. This prompts a reconsideration of energy procurement from alternative sources. Major corporations are implementing investment projects across various countries. Frequently,...
The global demand for diesel is decreasing: how will this affect Russia?
... the European market. If global demand for diesel continues to decline, Russian producers will face stiff competition with other suppliers, who often have logistical advantages (excluding supplies to Turkey) and are not subject to sanctions.
The IEA reports that declining demand has already impacted the profitability of refineries, prompting some closures in Europe. This trend, combined with the climate agenda, has exacerbated the situation. Even though demand for gasoline and jet fuel is rising,...