Economy

Goldman Sachs Group Inc said on Thursday it is launching a partnership with capital markets technology firm Derivative Path that opens the door to thousands of U.S. regional banks and credit unions becoming clients of its foreign exchange services. The partnership is latest step by…

Russian lender VTB’s VTB Factoring subsidiary and fintech company Lighthouse have executed the country’s first cash-backed digital financial asset transaction, the bank said on Wednesday. In February blockchain platform Atomyze Russia was legally permitted to exchange digital assets in a country whose central bank has…

Spanish defence company Indra said on Tuesday it had started to look for new independent board members to replace the seven that were ousted or quit after shareholders unexpectedly agreed last week to give the government more control. In a filing to stock market supervisor…

The European Central Bank’s upcoming bond-buying programme will curb rising borrowing costs for vulnerable euro zone countries while keeping up pressure on their governments to repair their budgets, ECB President Christine Lagarde said on Tuesday. With the ECB nearing its first interest rate hike in…

Ο οίκος αξιολόγησης της πιστοληπτικής ικανότητας Moody’s θεωρεί πλέον πως η Ρωσική Ομοσπονδία κήρυξε στάση πληρωμών ως προς το εξωτερικό δημόσιο χρέος της. Ο οίκος εξήγησε σε ανακοίνωσή του ότι κατέληξε στην κρίση αυτή διότι η Μόσχα δεν αποπλήρωσε τόκους δυο κρατικών ομολόγων, μετά την…

OPEC’s oil revenue surged in 2021 as prices and demand recovered from the worst of the COVID pandemic, while the number of its members’ active rigs posted a modest rebound and new completed wells declined, data from the group showed. The value of petroleum exports…

Wall Street’s main indexes were set to open higher on Monday and extend gains from the previous week after a slide in commodity prices allayed concerns about an overly aggressive Federal Reserve that is seeking to tame inflation. All three key indexes posted solid gains…

European shares hit a two-week high on Monday, boosted by miners as an easing of COVID-19 restrictions in China lifted global commodities and assuaged inflation fears, while Prosus shares rallied on the Dutch company’s plans to trim its Tencent stake. The continent-wide STOXX 600 index…

Economic data from France and Germany sent the EUR into the red this morning. Stats for the Eurozone and the ECB Economic Bulletin are up next. After a quiet first half of the week, it was a busy morning on the Eurozone economic calendar for…