Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

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The main events by the morning: November 13


November, 13 2024
watermark Economic news

  • The Russian government intends to achieve full transparency of financial statements from companies. Starting in 2026, businesses will have to post IFRS reports in the state information resource of the tax service. The relevant bill has already been submitted to the State Duma for consideration.


  • In the Red Sea, the Houthis attacked two American destroyers. As confirmed by a Pentagon spokesman, the Ansar Allah group used eight drones, five ballistic and three cruise missiles. Although the ships escaped damage, the situation in the region remains tense.


  • Gold smuggling from Russia continues to grow. According to the Federal Customs Service, the volume of illegal exports increased 2.5 times over the year. The media reports that among the smugglers are so-called «business couriers» trying to circumvent duties and restrictions.


  • Elon Musk and Vivek Ramaswamy will head the U.S. Department of Public Administration Efficiency Improvement (DOGE). This was announced by President-elect Donald Trump. According to him, businessmen will continue to fight against «government bureaucracy», will reduce excessive regulations and contribute to the restructuring of federal agencies and reduce their «wasteful expenses.»


  • Niger has invited Russian companies to mine uranium and other natural resources. Rosatom is actively engaged in private negotiations with the Nigerian authorities regarding the acquisition of uranium assets owned by the French Orano SA. According to the World Nuclear Association, Niger accounted for about 4% of global uranium production in 2022.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.