Worried when extremists tweeted about russian currency

Indian corporates may face an elongated receivable cycle, or even default on payments by Russian importers due to the sharp fall in Russian Rouble , bankers said. The Russian Rouble fell nearly 30% on Monday against the US dollar after the country’s premier Vladimir Putin on Sunday ordered his nuclear forces to be on high alert in view of the evolving Russia-Ukraine conflict . Separately, in view of the steep depreciation of its currency, the Bank of Russia on Monday decided to increase the key rate to 20% per annum from 9.50%, the sharpest rate hike since 2014, to compensate for the increased depreciation and inflation risks. “This is needed to support financial and price stability and protect the savings of citizens from depreciation,” the central bank said. Indian companies have a significant presence in Russia. As per data by Indian embassy in Russia, bilateral trade between the two countries between April 2020-March 2021 amounted to $8.1 billion. Indian exports … [Read more...] about Indian corporates brace for delay in receivables, defaults as Russian rouble tanks

- A + A LONDON (June 30): Investors knew that, after two years of COVID-19 chaos, 2022 would be a bumpy ride, but nobody expected this - the most turbulent first half global markets have ever seen. To grasp just how torrid things have been, consider two things. MSCI's 47-country world stocks index has suffered its biggest 1H drop since its creation in 1990. At same time, 10-year U.S. Treasury bonds - the benchmark of global borrowing markets and traditional go-to asset in troubled times - have had their worst first half since 1788. Why? Russia's invasion of Ukraine supercharged what was already fast-rising inflation, forcing the big central banks to jack up interest rates and politicians to warn of new world orders. The result? A $13 trillion wipeout in world stocks, a 15.5% plunge Japan's yen, Italy's worst rout since the euro zone crisis, and what is shaping up to be the strongest commodities rally since World War I. Add to that Russia being gouged out the … [Read more...] about Markets in 1H: The almost perfect storm

KUALA LUMPUR: Bursa Malaysia ended the first half of 2022 on a disappointing note as selling pressure picked up the pace while key Asian markets also closed lower. The bellwether FBM KLCI has so far this year lost 123.31 points or 7.86% from 1,567.53 on Dec 31, 2021. The index closed the final day of the first half 7.26 points lower or 0.5% to close at 1,444.22. In the broader market, laggards outnumbered gainers 521-to-327; about 2.26 billion shares changed hands valued at RM1.97bil. “Markets are getting slammed as we head into the quarter-end, with global growth worries dominating and gas flows into Europe topping the laundry list of concerns on the continent,” SPI Asset Management managing director Stephen Innes said. He said the broader narrative remains unchanged, with growth worries dominating on the back of central bank tightening and the Fed road show pushing its hawkish front loader tone. “More broadly, price action continues to act poorly with growth worries … [Read more...] about Bursa ends 1H on a disappointing note, KLCI closes 7.26 points lower

The time between getting the admission offer and joining a foreign university provides a unique window to hone new skills, learn about socio-cultural fitments, pick up a language, and master part-time work laws to fit into the new destination well. Pawan Adhikari, founder of international education consultancy start-up, DP Cube Learning, tells Moneycontrol about five key areas students must work on before joining a campus overseas to make their stay at the study destination smooth. 1. Breaking the language barrier : If you are going to an English-speaking country, try to learn the local pronunciations. Watching videos is a good way to get a hang of the way English is spoken there. As an example, even within the UK, spoken English will vary depending on where you are – Ireland, Scotland and Welsh, for example, have very different accents. If you are travelling to a destination where English is the second language, make an effort to familiarise yourself with the native … [Read more...] about Study abroad: Five things to remember before joining a foreign university