The past quarter was not easy for big tech. Only Microsoft managed to please the market during the reporting season. The rest of the companies found something to disappoint investors: Alphabet with revenue from advertising on YouTube (recognized as extremist and banned in Russia), Amazon with low growth rates, and Apple with forecasts. Russia also made its contribution to the results of bigtech.

Before Friday, Russia, at all pairs, rushed to its first default for international obligations since 1918: May 4 ended a 30-day grace period, during which Russia was supposed to pay coupon payments in dollars, but in every possible way demonstrated that it was not going to do this. And only on Friday the Ministry of Finance finally announced that he transferred the payment in dollars. Apparently, while the default is postponed, but the risk that this scenario is still implemented is preserved.

Gold is traditionally considered a protective asset used by investors during periods of instability. Since March 1, private investors in Russia should not pay VAT for the purchase of gold ingots: this, according to the idea of ​​legislators, will increase the investment attractiveness of precious metals.

Annual inflation in the next 12 months - from April to April next year - will be in the range of 10-12%, said Central Bank Chairman Elvira Nabiullina at a press conference following the key rate cut. At the same time, she noted that in conditions of “colossal uncertainty”, the pendulum could swing from pro-inflationary to disinflationary effects. its key rate by 300 bp on Friday The Central Bank cut . up to 14% per annum.

Since February 24, according to various estimates , they emigrated from tens to hundreds of thousands of people. The part left to wait out the sharp phase of the conflict with Ukraine , but many do not plan to return after the completion of hostilities. One of the most pressing problems for those who emigrate seriously is to find work abroad and gain a foothold in the new country.

The Board of Directors of the Bank of Russia decided to cut the key rate by 300 bp. up to 14% per annum. The regulator noted that he sees room for further reductions this year. “The external environment for the Russian economy remains challenging and significantly limits economic activity. Risks to price and financial stability have ceased to grow, which created the conditions for a reduction in the key rate," the Central Bank said in a press release .

Russia offers India to switch to a settlement mechanism that allows more trading in local currencies, Bloomberg reports citing sources. The proposal assumes that India will pay for oil in dollars or euros, and the rest of the trade between the countries will be carried out in rupees and rubles. According to the agency, representatives of the Bank of Russia and Sberbank last week discussed this issue with Indian colleagues from the Central Bank of India and the country's Ministry of Finance.

A court in Tver granted a request for parole for former Economic Development Minister Alexei Ulyukayev. If the decision is not appealed within 10 working days, the ex-official will be released. “On April 27, a petition was considered to protect the interests of Ulyukaev.

VTB Bank will probably be joined by Otkritie and the key RNKB for Crimea The state duopoly will strengthen in the banking sector of Russia: the second state bank of the country, VTB, will join Otkritie and the RNKB bank, writes Kommersant. The publication learned that VTB head Andrei Kostin approached Prime Minister Mikhail Mishustin with a proposal to create a group of three state banks; the idea has already been approved by President Vladimir Putin and supported by the Central Bank.