The Brazilian Institute of Geography and Statistics (IBGE) has reduced its estimate for the country’s grain harvest in 2021 to 251.7 million tons, down 1% compared to 2020. According to a new Systematic Survey of Agricultural Production (LSPA) released on Thursday (Sept. 9), the volume is 1.7% lower compared to the previous projection. LSPA provides estimates on planted areas, harvested areas, amount
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Stocks are hovering around record highs with the S&P 500 of US shares up about 18% in 2021, the tech-heavy Nasdaq about 19% higher and the Europe-wide Stoxx 600 up 17%, but investors are expecting a pullback in stock markets of 5% to 10% before the end of the year. According to a monthly poll from Deutsche Bank conducted between 7-9 September and covering over
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The government in India is planning to tax cryptocurrency exchanges and trades, The Economic Times reported on Monday (Sept.13), citing sources. The cabinet is likely to discuss the bill on the proposed regulation “soon,” according to the report. Chairman of India’s Parliamentary Standing Committee on Finance Jayant Sinha on Wednesday (Sept.8) stressed that the country will take a stance on cryptocurrencies like
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World markets were weaker this week as cautious risk sentiment dominated putting downward pressure on equities. Significant global economic uncertainty followed investors as well as worries about a looming reduction in central bank stimulus. Global growth and inflation concerns are also mounting. The European Central Bank met and decided to trim its emergency bond purchases over the coming quarter, in a shift ECB’s
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Russian energy giant Gazprom said in a statement on Friday (Sept. 10) that the construction of the Nord Stream 2 pipeline has been fully completed. “Chairman of the Management Committee Alexei Miller said that this morning at 8.45 Moscow time (05:45 GMT) construction of the Nord Stream 2 gas pipeline was fully completed,” Gazprom said in a statement. Earlier this month, Miller announced the first gas deliveries via
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The European Central Bank (ECB) announced its decision on Thursday (Sep. 9) to lightly reduce its emergency bond purchases over the coming quarter, as policymakers worry higher inflation may last long. The Governing Council decided to buy bonds under its 1.85 trillion euro Pandemic Emergency Purchase Programme (PEPP) at a pace moderately lower than the 80 billion euros a month it bought
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Russian international gold and foreign currency reserves rose to a record high of $618.1 billion as of September 1, according to monthly data published by the Central Bank of Russia (CBR). The amount increased by 2.9% or $17.1 billion, since August 1. The previous all-time high of $615.6 billion was recorded on Aug.27, CBR said. The state’s international reserves are highly liquid
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