Five-star hotels, private jets and first-class catering are the minimum that the players of the European champion, a team that plays in the richest league on the continent, demand. But the sanctions imposed on Chelsea’s Russian owner Roman Abramovich have left his club with more prosaic problems to solve. “As long as we have enough … Read more
The swap market is clear: Russia will not pay foreign debt, and insurance against defaults (credit default swaps, CDS) will have to reward holders with billions. The value of Russian debt CDS, which is used to insure against potential defaults, has soared this week despite doubts over Russia’s plan to pay some foreign bondholders in … Read more
Madrid 10/03/2022 – 14:07 A ship loaded with liquefied natural gas arrived last night off the coast of Bilbao from the Russian Yamal peninsula. With a length of 300 meters, the flag of Hong Kong and a storage capacity of 175,000 cubic meters, the “Nikolav Urvantsev” has begun unloading at the Bahía de Bizkaia Gas … Read more
The European Central Bank (ECB) accelerates the withdrawal of stimuli (the net purchase of bonds could end in June) and clearly opens the door to a rate hike this year in the face of persistent inflation and rising price expectations. On the other hand, the ECB has left the main refinancing interest rate at 0%, … Read more
For years, one tragedy after another has forced millions of Venezuelans to flee their homeland: hyperinflation, hunger, malaria outbreaks and rolling blackouts that left the entire country in the dark for a week have pushed this economy into the backseat. of South America despite being the country with the most proven oil reserves. This situation … Read more
Madrid 7:00 – 10/03/2022 Updated: 10:20 – 03/10/22 The pressure of the conflict in Ukraine continues unabated for consumers. In recent days, the prices of fuels have registered a strong increase in the poles of the service stations and reach levels never seen before in Spain. According to data from the Geoportal of the Ministry … Read more
Crude oil futures are sinking hard this afternoon. Both Brent and West Texas fell more than 10%, given the possible turn to fears of lack of supply due to the Russian invasion of Ukraine. Prices plummeted as much as 15% after Ukrainian President Volodymyr Zelensky indicated that he is prepared to make certain compromises with … Read more
The Ukrainian energy company Ukrenergo stated this Wednesday that the nuclear power plant in Chernobyl has been “totally disconnected” from the electricity grid following the recent operations carried out by Russian forces as part of their invasion of the country, which began on February 24. “Due to the military actions of the Russian occupiers, the … Read more
9/03/2022 – 12:01 Updated: 16:01 – 9/03/22 The relationship between US Treasury Secretary Janet Yellen and cryptocurrencies has always been contentious. Beyond the criticism that the former president of the Federal Reserve has leveled against the tokens, its role now seems crucial in the regulations that Washington puts forward to regulate these assets. This has … Read more
The Ministry of Ecological Transition already has the green light from the European Union to be able to intervene in the wholesale electricity market. The European Commission will study all possible options for emergency measures in order to limit the contagion of gas prices on electricity prices, such as temporary price caps. | Editorial: Gas … Read more