Russia may spend $1.3 billion from wealth fund to recapitalise Aeroflot - Ifax

Russia is considering spending around 107 billion roubles ($1.34 billion) from its National Wealth Fund (NWF) to recapitalise flagship airline Aeroflot, the Interfax news agency reported on Wednesday, citing an unnamed source.

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20-04-2022

Fed's Evans repeats view he sees interest rates at neutral rate by year end

The U.S. Federal Reserve should proceed sensibly in raising interest rates as it waits to see if special factors pushing up inflation begin to recede, Chicago Federal Reserve President Charles Evans said on Wednesday.

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20-04-2022

U.S. existing home sales fall further as house prices hit record high

U.S. home sales dropped to the lowest level in nearly two years in March as house prices raced to a record high, and could decline further with mortgage rates hitting 5%.

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20-04-2022

World Bank sees economies reducing dependence on Russia for energy, on China for supply chains

World Bank President David Malpass on Wednesday said he expects a "strong effort" by major economies to reduce their dependence on Russia for energy supplies and China for supply chains, although cross-border trade and investment flows would continue.

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20-04-2022

Russia tweaks tax code to make it easier for foreign firms to pay in roubles

Russian lawmakers on Wednesday passed an amendment to the tax code that they said would make it easier for foreign companies to open accounts with Russian banks and pay for Russian gas and other goods in roubles.

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20-04-2022

Diamond miner De Beers returns to Angola after ten-year absence

LUANDA (Reuters) -Diamond miner De Beers has signed two mineral investment contracts with the Angolan government, the Anglo American subsidiary said on Wednesday, in a return to the southern African country it left in 2012.

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20-04-2022

U.S. existing home sales fall; house prices hit record high

U.S. home sales fell more than expected in March as house prices hit a record high despite some improvement in supply, and could decline further amid surging mortgage rates.

newspaper

20-04-2022

U.S. has permitted more wind and solar under Biden, but needs to do more -report to Congress

The U.S. has accelerated the permitting of wind and solar projects on federal lands under President Joe Biden, but his administration needs more staff and less administrative red tape to keep up with the clean energy industry's demand for land, according to a report submitted to Congress on Tuesday.

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20-04-2022

Crypto exchange Coinbase launches NFT marketplace for some U.S. users

Major U.S. crypto exchange Coinbase Global Inc launched its NFT marketplace on Wednesday, in a sign of confidence in the niche digital asset even as the market shows signs of cooling.

newspaper

20-04-2022