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December 1, 2023
(Bloomberg) -- Syrup Tech Inc., a startup that makes artificial intelligence tools to help fashion retailers plan and manage their inventory, has raised $17.5 million in a funding round led by Accel.Most Read from BloombergTesla’s Cheapest Cybertruck Will Cost $60,990 and Be Available in 2025Banking Escapees Make Billions From Private Credit BoomIsrael Says Hamas Violated Terms of Cease-Fire as Truce LapsesPutin Seizes Rights to St. Petersburg Airport From Foreign InvestorsBonds Up as Pow...
September 1, 2022
The offshore yuan briefly extended gains against the dollar after the news, rallying to a session high.
May 25, 2022
Russian President Vladimir Putin approved a fast-tracked citizenship process for people in areas of southern Ukraine occupied by his forces, drawing condemnation from Kyiv.
December 13, 2021
Rising temperatures are threatening poinsettia production, but a research team led by Clemson professor Jim Faust has found manipulating daylight hours can help keep the sparkle in this Christmas star
June 12, 2021
Russia sold $5 billion of U.S. currency from its oil fund in May as part of a drive to reduce exposure to the greenback and vulnerability to Western sanctions. The National Wellbeing Fund converted $4 billion into yuan and $1 billion into euros,...
June 11, 2021
(Bloomberg) -- Russia sold $5 billion of U.S. currency from its oil fund in May as part of a drive to reduce exposure to the greenback and vulnerability to Western sanctions.The National Wellbeing Fund converted $4 billion into yuan and $1 billion into euros, the Finance Ministry said in a statement. That leaves $35 billion of dollar holdings still to cut after the ministry said last week that it would eliminate all greenback exposure in the fund. The transfer is taking place within the central
May 9, 2021
4 Min Read LONDON, April 22 (Reuters) - Russia’s central bank will meet on Friday to set interest rates with more than one third of analysts now expecting inflation pressures and rising geopolitical tensions to prompt policymakers into a 50 basis point rate hike. About two thirds of analysts are sticking to earlier forecasts of a 25 bps rate hike to 4.75%. Here are some key questions being asked by markets: 1/WHAT ROLE WILL GEOPOLITICS PLAY? Russian markets are no strangers to geopolitics, bu...
April 22, 2021
4 Min Read LONDON, April 22 (Reuters) - Russia’s central bank will meet on Friday to set interest rates with more than one third of analysts now expecting inflation pressures and rising geopolitical tensions to prompt policymakers into a 50 basis point rate hike. About two thirds of analysts are sticking to earlier forecasts of a 25 bps rate hike to 4.75%. Here are some key questions being asked by markets: 1/WHAT ROLE WILL GEOPOLITICS PLAY? Russian markets are no strangers to geopolitics, bu...
March 15, 2021
Russian Rate Hikes Coming as Morgan Stanley Joins Chorus Bloomberg 3/15/2021 Áine Quinn (Bloomberg) -- Pressure is building on Russian central bank Governor Elvira Nabiullina to fire the starting gun on tighter monetary policy. The country’s first rate hike in more than two years likely won’t come at Friday’s meeting. But soaring food prices and a currency weakened by the threat of international sanctions have driven inflation to the fastest pace in four years, putting ...