Found: 496

Russia Launches Independent Gold Exchange: An Alternative to LBMA and a Step Towards Dedollarization

... October 2024, the Ministry of Finance announced discussions with BRICS partners to create an international precious metals exchange. The aim of such collaboration is to ensure "fair pricing" for gold and other metals, promote mutual trade growth, and protect these operations from sanction risks. The new St. Petersburg platform is potentially open to participants from BRICS countries interested in trading actual bars outside the control of Western exchanges. This represents another step ...

"VC.RU: 'How We Increased Revenue Fivefold with the Help of IT Solutions"

... allowed us to scale quickly and expand our workforce to handle the growing volume of work. New IT solutions helped us increase revenue: the company’s turnover in 2017 was 3.4 billion rubles, and in 2021, it reached 12.4 billion rubles. The profit growth enabled us to enter new markets. We now trade oil, petroleum products, petrochemicals, and grain both domestically and in the markets of the CIS countries and the EU. Sergey Tereshkin, CEO of "Oyl Resource Group" We are also developing ...

Monday, November 18, 2024: Key Economic Events of the Day

... quarterly report. Major Earnings Reports This Week: U.S. and Russia Monday, November 18 Pre-Market: MDMG (Mother and Child): Board of Directors to discuss interim dividends. After Market Close: TCOM (Trip.com Group Ltd ADR) — 02:00: Expected revenue growth of 16.8%. Financial Overview for Monday, November 18, 2024 Currencies and Indices: U.S. Dollar Index (DXY): 106.73 (+0.04, +0.04%) Shanghai Composite Index: 3,372.18 (+41.45, +1.24%) Hang Seng Futures: 19,676.0 (+228.0, +1.17%) Nikkei 225 Futures: ...

M&A Market Activity in Russia at Three-Year Low

... capital exacerbates the shortage of transactions, causing the M&A market to rely increasingly on the participation of Russian investors. Macroeconomic Factors The state of the economy and politics directly impacts the M&A market. In recent years, GDP growth has slowed, and inflation remains above the target level, forcing the Central Bank to maintain high key rates. Expensive ruble-denominated debt diminishes the investment appeal of projects: high borrowing costs reduce transaction profitability....

In 2025, the UK Became Europe's Leader in Mobile Phone Thefts

... 425% relative to the level seen in the summer of 2021. Experts indicate that this trend reflects the emergence of a new criminal phenomenon. On average, approximately 230 phones are stolen each day, nearly double the rate from five years ago. The rapid growth of these figures indicates that gadget thefts have become one of the fastest-spreading categories of crime. Official data from the police in England and Wales corroborate the overall trend: in 2024 alone, the number of street thefts rose by 50%,...