enrude

НОВОСТИ

The clash of the curves

After yesterday US congressional leaders agreed on a relief package for the US economy of historic proportions, another critical milestone has been passed. The fiscal and monetary firewalls that have been erected should be sufficient to allow the economy to hail from a sudden slowdown...

Coronavirus – Market update

Yesterday’s sharp market correction was triggered by the new coronaviruses cases reported over the weekend. The new outbreaks are qualitatively different, since they have arisen in regions far away from China, such as Iran or Italy, which increases the risk that the new disease can...

Markets and Trade War Fears

Markets tumbled yesterday after president Trump announced further trade tariffs, this time aimed exclusively at China. The extent of the fall indicates that despite some protectionist measures already being priced in to the market, the recent ousting of moderate senior figures in the White House...

ABLV Bank Note

The U.S. is seeking to impose sanctions on ABLV Bank, the third largest financial institution in Latvia by assets. FinCen, the U.S. Financial Crimes Enforcement Network, released the following memo on 13th February: WASHINGTON – The U.S. Department of the Treasury’s Financial Crimes Enforcement Network...

Powell’s Black Monday

The sharp correction of the last two days is a reminder of how inherently unstable markets are. The trigger, a larger than expected increase in Average Hourly Earnings in the US, cannot itself explain such a violent gyration. In fact, US Treasury yields have been...

Swiss Bank UBS and Ukrainian Tax Compliance

We have been informed by the Swiss Bank “UBS” that there has been an internal review of bank accounts which are ultimately owned by Ukrainian Tax Residents. These guidelines apply to both existing and new clients of the bank, and are as follows: Natural Person...

Crude Oil Heads Lower

U.S. crude futures fell as low as $45.20 yesterday, the weakest level since May 5, following a surge in U.S. inventories and the return of more Nigerian crude to the market. Even with this in mind, we believe the fact that OPEC and its partners...