DIRS.INFO The most relevant business & tech news

☆ Moscow Exchange says 2022 trading volumes surpassed $14.4 trillion
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +1 min

MOSCOW, Dec 20 (Reuters) - Trading volumes on Moscow Exchange, Russia's largest bourse, surpassed 1 quadrillion roubles ($14.44 trillion) for the second year running, it said on Monday, in part due to enhanced repo operations turnover. Markets faced unprecedented challenges," said Yuri Denisov, head of MOEX Group, which runs the Moscow Exchange. "Since the beginning of 2022, the total trading volume has passed the 1-quadrillion-rouble mark. Moscow Exchange halted some trading shortly after Russia sent tens of thousands of troops into Ukraine and Western sanctions wrought havoc on Russian markets. Now, much like its rival SPB Exchange , Moscow Exchange is looking to markets away from the West for development in 2023.

☆ Luxembourg authorises some frozen Russian assets to be unblocked
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +2 min

The general licence issue should allow non-sanctioned Russian investors to transfer assets from the NSD, Russia's domestic paying agent that was sanctioned by the European Union in June, to other locations. Analysts from Otkritie Investments wrote that Luxembourg appeared to have taken numerous appeals from Russian depositories and investors into account. "This is a clear and positive signal that gives grounds to expect a decision on the issue of unblocking securities of Russian private investors," Otkritie analysts said. The EU sanctions on the NSD, as well as other Western measures aimed at restricting Russia's access to global financial infrastructure, have blocked many Russian investors' access to securities held in jurisdictions outside Russia. "Comments and interpretations of the text will be given later, after consultation with the group's legal consultant," the NSD said.

☆ Rouble slumps to 7-month low, biggest one-day drop since July
▼ + stars: | 2022-12-19 | by ( Alexander Marrow | ) www.reuters.com time to read: +3 min

By 1515 GMT, the rouble was 4.3% weaker against the dollar at 67.41 , earlier hitting 68.4800, its weakest mark since May 11. The currency also lost 3.8% to trade at 71.71 against the euro , also a more than seven-month low. That weakening stems from concerns that an oil embargo and price cap will reduce Russia's oil export revenues, increasing the budget deficit as imports gradually recover, said Alfa Capital analyst Yulia Melnikova. The dollar-denominated RTS index (.IRTS) was down 4% to 996.9 points, a more than two-month low. Reporting by Alexander Marrow; Editing by Bradley Perrett, Ed Osmond, Arun Koyyur and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

☆ Rouble plunges below 68 per dollar to hit over 7-month low
▼ + stars: | 2022-12-19 | by ( Alexander Marrow | ) www.reuters.com time to read: +2 min

Summary Rouble dives around 5% against dollar, yuanHits 68.1100 vs dollar, weakest since May 11Weak oil prices, sanctions fears hurtThis content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, Dec 19 (Reuters) - The Russian rouble slumped past 68 per U.S. dollar to a more than seven-month low on Monday, hurt by low oil prices and fears that sanctions on Russian oil could crimp the country's export revenue. By 1248 GMT, the rouble was 5.3% weaker against the dollar at 68.02 , its weakest mark since May 11. The currency also lost 4.2% to trade at 72.00 against the euro , its weakest since May 6. Relatively low oil prices and risks of lower export revenue in the light of the $60-a-barrel price cap on Russian oil imposed by the G7, the European Union and Australia, have pressured the rouble. The dollar-denominated RTS index (.IRTS) was down 5.4% to 982.8 points, a more than two-month low.

☆ Rouble weakens to 63 vs dollar as rate decision edges closer
▼ + stars: | 2022-12-12 | by ( Alexander Marrow | ) www.reuters.com time to read: +2 min

Markets also are awaiting a flurry of other interest rate decisions this week, including from the U.S. Federal Reserve and the European Central Bank. The rouble has showed a largely muted reaction to oil price swings in the last week. Volatility has been high as a price cap on Russian oil kicked in. Brent crude oil , a global benchmark for Russia's main export, was down 0.7% at $75.6 a barrel, pushing Russian stock indexes lower. For Russian equities guide seeFor Russian treasury bonds seeReporting by Alexander Marrow; Editing by Kim Coghill, KIrsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ Oil embargo set to restrain Russian stocks recovery in 2023
▼ + stars: | 2022-11-29 | by ( Alexander Marrow | ) www.reuters.com time to read: +3 min

The Russian market crashed in February after Moscow sent tens of thousands of troops into Ukraine, triggering sweeping western sanctions. Risk aversion has soared but some fundamentals, such as a strong price of oil, Russia's main export, have underpinned the market. The G7, European Union and Australia, are set to implement a price cap on seaborne exports of Russian oil on Dec. 5. Oil and gas exporters have a strong weighting in Russian stock indexes. "For Russian oil producers, the 2023 outlook is closely linked to the effect from the EU oil embargo on Russian oil and oil products, and also the effect from the price ceiling," said Mikhail Shulgin, head of global research at Otkritie Investment.

☆ Rouble pares early losses to hover around 61 to the dollar
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +1 min

MOSCOW, Nov 22 (Reuters) - The Russian rouble hovered around 61 to the dollar after touching its lowest in nearly two weeks early on Tuesday, with pressure from oil market jitters countered by rouble buying to cover month-end tax payments. At 0714 GMT the rouble was down 0.1% against the dollar at 60.90 , having slid to 61.1950 earlier in the session for its weakest since Nov. 10. The rouble could strengthen towards the 60 mark during the session, said Bogdan Zvarich, chief analyst at Banki.ru. The rouble is supported by a month-end tax period in which exporters usually convert foreign exchange revenue into roubles to pay domestic liabilities. For Russian equities guide seeFor Russian treasury bonds seeReporting by Alexander Marrow Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ Russian rouble firms near 60 vs dollar as tax period nears
▼ + stars: | 2022-11-14 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

(Reuters) - The Russian rouble was trading higher on Monday, holding close to last week’s level of 60 against the U.S. dollar as domestic exporters prepared to buy roubles ahead of a new tax period. FILE PHOTO: Russian rouble coin is seen in this illustration taken April 7, 2022. REUTERS/Dado Ruvic/IllustrationThe rouble was up 0.45% against the dollar to 60.27 by 0830 GMT. Export-focused firms usually convert foreign exchange revenues into roubles to pay domestic liabilities, which supports the Russian currency. The dollar-denominated RTS index was last up 1% at 1,169.83, while the rouble-based MOEX Russian index climbed 0.92% to 2,237.85.

☆ Rouble firms towards 60 vs dollar amid jump in oil prices
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +1 min

Nov 11 (Reuters) - The rouble firmed to a five-week high of near 60 versus the dollar in early trade on Friday, as oil prices jumped from a two-week low and the U.S. currency weakened across the board on slowing U.S. inflation data. The Russian currency is also set to benefit from a new tax period starting next week, when exporters will convert a portion of their foreign currency revenues into roubles. The rouble was last up 0.59% against the dollar at 60.18. Against the euro, the rouble was trading flat at 61.35.The rouble may climb past the 60 mark versus the dollar, Promsvyazbank analyst Egor Zhilnikov said, adding that there are no visible factors holding it back. The rouble-based MOEX Russian index (.IMOEX) firmed 0.59% to 2,223.05.Reporting by Reuters; Editing by Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.

☆ Rouble edges lower after clipping over 2-week high vs dollar
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +2 min

At 0805 GMT, the rouble was 0.2% weaker against the dollar at 61.13 , falling away from 60.8625, its strongest point since Oct. 21. "A correction on the energy market and a lower supply of foreign currency from exporters could put pressure on the rouble." The rouble-based MOEX Russian index (.IMOEX) was 0.6% lower at 2,195.0 points, earlier clipping 2,221.13 points, its strongest point since Sept. 20. The dollar-denominated RTS index (.IRTS) was down 0.9% to 1,130.9 points, down from an over five-week high. For Russian equities guide seeFor Russian treasury bonds seeReporting by Alexander Marrow Editing by Gareth JonesOur Standards: The Thomson Reuters Trust Principles.

☆ Rouble rebounds vs dollar as Russian market reopens after long weekend
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +2 min

At 0741 GMT, the rouble was 0.9% stronger against the dollar at 61.53 and had gained 0.1% to trade at 60.95 versus the euro . Better-than-expected U.S. jobs data saw the dollar fall on Friday, when the Russian market was closed. "The Russian market is set for a neutral opening, though crude has every chance to drive the market higher," said BCS Global Markets in a note. The rouble-based MOEX Russian index (.IMOEX) was 0.9% lower at 2,176.2 points. For Russian equities guide seeFor Russian treasury bonds seeReporting by Alexander Marrow; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

☆ Russian rouble slides past 62 vs dollar to over 2-week low
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +2 min

By 0758 GMT, the rouble was 0.7% weaker against the dollar at 62.20, earlier sliding to its weakest mark since Oct. 17. The Russian currency had gained 0.4% against the euro to 60.91. A slip in oil prices, Russia's key export, also put pressure on the Russian currency, with Brent crude oil trading down 0.9% to $95.3 a barrel. The rouble has also now lost the support of month-end tax payments, that usually see exporters convert foreign currency revenues to pay local liabilities. Russian stock indexes opened sharply lower, tracking global markets after the Fed's rate hike fuelled fears of a recession.

☆ Rouble drifts lower, Russian stocks retreat from over 5-week high
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +2 min

At 0738 GMT, the rouble was 0.4% weaker against the dollar at 61.50 and had gained 0.1% to trade at 60.69 versus the euro . The rouble has now lost the support of month-end tax payments, that usually see exporters convert foreign currency revenues to pay local liabilities. "Today in the course of trading we expect attempts by the rouble to recover its morning losses," said Banki.ru chief analyst Bogdan Zvarich. The rouble-based MOEX Russian index (.IMOEX) was 0.5% lower at 2,163.3 points, after hitting a near more than five-week high of 2,185.60 points on Tuesday. For Russian equities guide seeFor Russian treasury bonds seeReporting by Alexander Marrow; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ Russian rouble edges lower as month-end tax support passes
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +2 min

At 0723 GMT, the rouble was 0.1% weaker against the dollar at 61.53 and had lost 0.3% to trade at 61.05 versus the euro . The rouble has now lost the support of month-end tax payments, that usually see export-focused firms convert foreign currency revenues to pay local liabilities. The rouble may attempt to weaken past 62 against the greenback, Banki.ru chief analyst Bogdan Zvarich said. The rouble-based MOEX Russian index (.IMOEX) was 0.7% higher at 2,182.8 points, earlier reaching its highest mark since Sept. 23. For Russian equities guide seeFor Russian treasury bonds seeReporting by Alexander Marrow; Editinjg by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Russian rouble stable after Moscow ditches Black Sea grain deal
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +2 min

Oct 31 (Reuters) - The Russian rouble pared early losses to gain ground on Monday in the first session since Moscow said it would suspend its role in the landmark Black Sea grain deal over the weekend. Global food prices climbed on Monday after Russia said it was suspending participation in the U.N.-brokered grain accord for an "indefinite term" after what it said was a major Ukrainian drone attack on its Black Sea fleet in Crimea. The July grain corridor deal, which helped to unlock Ukrainian exports from its southern Black Sea ports, was the most significant diplomatic breakthrough so far in the eight-month-old conflict in Ukraine. Monday represented the final day of a domestic month-end tax period, which usually provides some support to the rouble. For Russian equities guide seeFor Russian treasury bonds seeReporting by Jake Cordell Editing by David Goodman and Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

☆ Rouble gains as central bank set to end rate-cutting cycle
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +1 min

Oct 27 (Reuters) - The Russian rouble climbed in early morning trading on Thursday, a day before the central bank is due to meet for its rate-setting decision. After two weeks of gains that have added more than 10% to the local stock market, Russian stocks advanced slightly on Thursday morning. The rouble-based MOEX Russian index (.IMOEX) was 0.4% higher at 2129.7 points. "The Russian market is not yet ready for long periods of growth. Therefore, within a few days any increase runs into profit-taking," analysts at the state-owned Otkritie bank said in a research note on Thursday.

☆ Rouble edges lower ahead of three OFZ treasury bond auctions
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +1 min

At 0802 GMT, the rouble was 0.1% weaker against the dollar at 61.52 and had lost 0.5% to trade at 61.80 versus the euro . The rouble has been buttressed in recent sessions by a month-end tax period when export-focused firms convert foreign exchange revenues into roubles to pay domestic tax liabilities. Russian stock indexes gained. The rouble-based MOEX Russian index (.IMOEX) was 0.1% higher at 2,133.6 points, its highest point since Sept. 23. For Russian equities guide seeFor Russian treasury bonds see($1 = 61.6000 roubles)Reporting by Alexander Marrow; editing by Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Rouble steadies near 61 vs dollar with upcoming rate decision in focus
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +2 min

At 0806 GMT, the rouble was unchanged against the dollar at 61.29 . It had gained 0.1% to trade at 60.17 versus the euro and shed 0.5% against the yuan to 8.35 . The rouble is buttressed by a month-end tax period that usually sees export-focused firms convert foreign exchange revenues into roubles to pay domestic tax liabilities. Last month the bank cut rates to 7.5%, but omitted guidance about studying the need for future reductions. Brent crude oil , a global benchmark for Russia's main export, was down 1.3% at $92.3 a barrel.

One of the sources, in investment banking circles, said Softline was aiming to list in the third quarter of 2023. The sources declined to be identified because the plans have not been made public. Cybersecurity firm Positive Technologies held a secondary public offering late last month, defying a plunging stock market as Russia launched a partial mobilisation of additional servicemen. London-listed Softline Holding plc (SFTLq.L) began operating under a new brand, NOVENTIQ, on Thursday, after completing the sale of its Russian operations to founder Igor Borovikov. Softline said in a statement on Thursday that spinning off its Russian business was aimed at optimising its local growth strategy and potentially listing securities on the stock exchange.

☆ Russian rouble firms towards 61 vs dollar
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

By 1302 GMT, the rouble was 0.9% stronger against the dollar at 61.17 and had gained 0.1% to trade at 60.35 versus the euro . The rouble is buttressed by a month-end tax period that usually sees export-focused firms convert foreign exchange revenues into roubles to pay domestic tax liabilities. Russian stock indexes were recovering some of the ground lost in the previous session. The rouble-based MOEX Russian index (.IMOEX) was 2.1% higher at 2,019.3 points. For Russian equities guide seeFor Russian treasury bonds seeRegister now for FREE unlimited access to Reuters.com RegisterReporting by Alexander Marrow Editing by Gareth Jones and Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

☆ Russian rouble treads water near 62 vs dollar
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

At 0803 GMT, the rouble was 0.1% stronger against the dollar at 61.66 and was unchanged at 60.37 versus the euro . "We expect the moderate strengthening of the Russian currency to continue," said Alor Broker in a note. Register now for FREE unlimited access to Reuters.com RegisterThe rouble is buttressed by a month-end tax period that usually sees export-focused firms convert foreign exchange revenues into roubles to pay domestic tax liabilities. "Amid major uncertainty in Russia no clear trend is yet visible," said BCS Global Markets, expecting consolidation to continue. For Russian equities guide seeFor Russian treasury bonds seeRegister now for FREE unlimited access to Reuters.com RegisterReporting by Alexander Marrow Editing by Gareth JonesOur Standards: The Thomson Reuters Trust Principles.

☆ Russian rouble strengthens vs euro as Russia resumes OFZ auctions
▼ + stars: | 2022-10-19 | by ( Alexander Marrow | ) www.reuters.com time to read: +2 min

President Vladimir Putin introduced martial law on Wednesday in four Ukrainian regions he says are part of Russia. By 1250 GMT, the rouble was up 1.1% against the euro at 60.10 , earlier reaching 59.4450, its strongest point since Oct. 7. The finance ministry held its first OFZ bond auction in several weeks, enjoying demand of 76.7 billion roubles ($1.24 billion) on a bond placement of 25 billion roubles, with a floating-rate coupon. Strong demand at OFZ auctions supports the rouble. For Russian equities guide seeFor Russian treasury bonds see($1 = 61.7470 roubles)Register now for FREE unlimited access to Reuters.com RegisterReporting by Alexander Marrow; Editing by Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

☆ Russian rouble edges lower with market focused on OFZ auctions
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +2 min

At 0709 GMT, the rouble was 0.3% weaker against the dollar at 61.76 and was unchanged at 60.75 versus the euro . After cancelling several weeks of auctions due to market volatility, the finance ministry plans to offer two OFZ bonds on Wednesday, including one with a floating-rate coupon. Russian stock indexes opened lower. The rouble-based MOEX Russian index (.IMOEX) was 1.8% lower at 1,995.8 points. For Russian equities guide seeFor Russian treasury bonds see($1 = 61.8000 roubles)Register now for FREE unlimited access to Reuters.com RegisterReporting by Alexander Marrow; Editing by Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

☆ Russian rouble steady as exporters convert foreign currency
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +2 min

The Russian rouble opened 0.4% down against the U.S. dollar, trading at 61.91 at 0730 GMT. The month-end tax period prompts Russian exporters to convert their foreign currency earnings into roubles to make payments to the Russian treasury, typically boosting the domestic currency. Any upside, however, is likely to be limited by continuing discussions in Brussels over another package of sanctions on Russia, analysts added. The dollar-denominated RTS index (.IRTS) was down 0.1% at 1,026.5 points while the rouble-based MOEX Russian index (.IMOEX) was 0.4% up at 2,020.6 points. For Russian equities guide seeFor Russian treasury bonds seeRegister now for FREE unlimited access to Reuters.com RegisterEditing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ Russian rouble climbs to one-week high vs dollar as tax period begins
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +2 min

By 0848 GMT, the rouble was 1.1% stronger against the dollar at 61.41 , hitting its strongest point since Oct. 10. It gained 0.6% to trade at 60.35 versus the euro and firmed 1.6% against the yuan to 8.47 , a near two-week high. Register now for FREE unlimited access to Reuters.com RegisterExport-focused firms usually convert foreign exchange revenues into roubles to pay domestic tax liabilities, which supports the Russian currency. "On the other hand, RTS should power higher on further rouble appreciation – typical for the end-of-the-month tax period." The rouble-based MOEX Russian index (.IMOEX) was 1.3% higher at 1,977.1 points.

Search resuls for: "MOEX"

25 mentions found