The Russian ruble reached its strongest level in 7 years despite the sanctions

A 1 Russian ruble coin and a Russian flag are displayed on the display on this a number of publicity illustration taken in Krakow, Poland on March 8, 2022. Jacob Borzeki | Norfoto | Getty Photos The Russian ruble hit 52.3 in opposition to the greenback on Wednesday, up practically 1.3% from the day prior … Read more

Ed Yardini on the bear market, the Fed and inflation

The markets have been on a wild trip currently, swinging between features and losses. Nevertheless, the brutal sale means The S&P 500 continues to be in a bear market. When requested if the markets have bottomed out, Wall Avenue veteran Ed Yardeni mentioned he did not assume “we’ll get out of this factor in a … Read more

China’s real estate problems have pushed the debt index to a record high

Fastened asset funding information for the primary 5 months of 2022 confirmed a decline in actual property funding on a bigger scale than in the course of the first 4 months of the yr. Pictured right here on Might sixteenth, a improvement in Huai’an Metropolis, east China’s Jiangsu Province. CFOTO | Future Publishing | Getty … Read more

Russia thinks it has found a way around the US dollar bond payment ban

Russian Finance Minister Anton Siluanov (seen right here with Russian President Vladimir Putin in 2019) reportedly instructed Russia’s Vedomosti newspaper that Moscow would proceed to service overseas debt in rubles, however that overseas worldwide bond holders would wish to open accounts in rubles and arduous forex with Russian banks within the order. to obtain funds. … Read more