Author: Steven Sahiounie

Coindesk platform data indicated that the value of bitcoin rose during commercial deliberations by more than 5%, to reach $ 30,194 thousand, by five in the morning Moscow time. By 5:22 am Moscow time, the rate of growth of the index accelerated and reached the level of $30,381 thousand (+7.30%). The last time Bitcoin exceeded $30,000 was on June 10, 2022. A few days ago, the newspaper “Kommersant”, citing experts from the largest operator of data processing centers, reported that Russia rose to second place in the world in terms of the volume of capacity involved in cryptocurrency mining (1…

Kazakh Energy Minister Almasadam Satkaliyev said that Kazakhstan has filed claims in international arbitration against companies working to develop the Karachaganak and Kashagan oil fields. “The authorized state body (PSA company) has filed claims in international arbitration against Karachaganak and Kashagan companies. Unfortunately, I cannot comment, the only thing I can say is that these lawsuits are filed in favor of the people of Kazakhstan,” the Kazakh energy minister told reporters on Tuesday. According to the minister, the talk is about claims of $3.5 billion and $13 billion, explaining that “these are not tax disputes. We are talking about the…

Oil prices rose today, after a sharp drop in prices recorded yesterday, and prices rose with the support of cuts by countries in “OPEC +”, which are scheduled to enter into force starting from next month. By 09:17 Moscow time, US West Texas Intermediate crude futures rose 1.02% to $80.55 a barrel. While Brent crude futures rose by 0.93% to $84.96 a barrel, according to Bloomberg agency data. Prices recorded a decrease of more than 1% in yesterday’s trading, and US crude closed down by 1.2% at $79.74 a barrel, while Brent crude closed at $84.18 a barrel, down by…

In light of the uncertainty about the US economy, investors have begun to diversify their investment portfolios, and transfer part of their money to assets in Europe and China, so how important is this trend? The Financial Times reported that investors withdrew $34 billion from US stock funds this year 2023, and at the same time $10 billion went to European stock funds, while flows to Asian funds amounted to about $16 billion. It is easy to explain this trend. At the end of last year, American indices fell more than European indices, and the exodus of capital from the…

Sberbank, Russia’s largest bank, recorded a net profit in the first quarter of 2023 of 350.2 billion rubles (about $4.37 billion), according to the credit institution’s data. “The bank’s net profit in the first three months of 2023 exceeded the level of 350 billion rubles, and the return on shareholders’ equity reached, and in the month of March alone, the bank reaped 125.3 billion rubles of net profit,” Sberbank said in a statement. He added that the retail loan portfolio last March grew by 2.3% and exceeded 12.6 trillion rubles and showed growth in all sectors: mortgages, consumer lending and…

Shiba Inu (SHIB), the dog-meme-inspired ERC-20 token that powers the Shiba Inu web3 ecosystem, has had a higher market capitalization than Tron (TRX), the cryptocurrency that powers the Tron blockchain protocol, since mid-March. This partially reflects suppression of the TRX price owing to news last month that the US Securities and Exchange Commission (SEC) is going after the Tron blockchain’s founder Justin Sun over alleged securities fraud. Shiba Inu last had a market capitalization of around $6.5 billion, while Tron’s was closer to $6.0 billion. That makes the two cryptocurrencies the 14th and 15th largest in the world by market…

The BRICS countries outperformed for the first time the seven most advanced powers in the world, with BRICS providing 31.5% of global GDP, compared to 30.7% for the seven most advanced powers. This came according to what was reported by the newspaper “Le Journal du Dimanche”, and the newspaper’s columnist Michael Block said that this conciliation, along with the demographic superiority of the “BRICS” group, refuted the myths about developing countries and proved the emergence of an advanced power over the United States. According to the British consulting firm Acorn Macro Consulting, the BRICS group currently has more economic weight…

The global economic slowdown will continue this year, but Asia will remain “a bright spot,” according to the International Monetary Fund (IMF). India and China will account for half of global growth, with “some momentum” expected to come from emerging economies, IMF Managing Director Kristalina Georgieva has predicted. The IMF chief predicted that the global economy would grow at less than 3% in 2023, in line with the fund’s January estimate of 2.9%. Georgieva said the pattern would remain over the next five years. She stated that the projections represent the IMF’s “lowest medium-term growth forecast since 1990, and [are] well below the average of…

In the next 10-15 years, rates will slow, according to the Russian Academy of Sciences The Russian economy’s growth potential will be limited to 1% until 2035, since the factors that previously contributed to GDP growth have been exhausted, experts from the Institute for Economic Forecasting of the Russian Academy of Sciences (RAS) have warned. According to the institute’s report, which was seen by the Vedomosti business daily, Russia’s economic growth has for a decade been determined by the rate of increase in exports. Average annual GDP growth has reportedly been around 1%, while exports have grown by 2.5% annually. The RAS noted…

Moscow provides 34% of the Asian country’s imports, according to numbers cited by Bloomberg India’s purchases of Russian oil reached an all-time high of 1.64 million barrels per day (bpd) in March, Bloomberg reported on Sunday, citing energy cargo tracker Vortexa. Russian crude exports to India slightly exceeded the shipment volumes of 1.62 million bpd recorded in February. Russia has now been India’s leading oil supplier for six consecutive months. Data also showed that Indian imports of Russian oil in March saw significant year-over-year growth. In March 2022, the South Asian country purchased just 68,600 bpd, around 24 times less…