Russia and India may reintroduce the "currency settlement mechanism" and bypass the US dollar by using direct exchange rates.

According to sources from the Indian government, the central banks of India and Russia are preparing to restart discussions on expanding currency settlement mechanisms. Since the conflict between Russia and Ukraine, bilateral trade between the two countries has increased significantly. The central banks of both sides are considering setting a direct trade reference exchange rate between the Russian and Indian currencies, bypassing the US dollar as an intermediary.

cls.cnAug 15 16:57

Sberbank Net Profit of RUB 1,509B, Net Interest Income of RUB 2,565B

Seeking AlphaFeb 28 22:18

The UAW strike brought unexpected joy, and US steel mills are expected to usher in high profits next season!

① The strike in the US automobile industry hindered procurement at the time. Now that automobile manufacturers are expecting to resume operations, the automobile industry has begun to purchase large quantities of steel; ② Analysts expect that the price of US steel will continue to rise and bring higher profits to steel mills in the first quarter of next year.

cls.cnNov 16, 2023 17:22

Russia's Ozon Says To Continue To Appeal Nasdaq Delisting Decision

BenzingaJun 8, 2023 01:32

Shares of Several Companies in the Broader Consumer Discretionary Sector Are Trading Lower Amid Overall Market Weakness as Investors Assess Uncertainty in the Financial Services Sector, Which Has Been Volatile Following Recent Bank Failures.

BenzingaMar 18, 2023 00:24

Shares of Several Companies in the Broader Consumer Discretionary Sector Are Trading Lower Amid Overall Market Weakness as Investors Digest February's Jobs Report and News That Silicon Valley Bank Was Closed by Regulators Due to Inadequate Liquidity.

BenzingaMar 11, 2023 01:44