πΌ The share of the ten largest banks by asset size in Russia surpassed 80% of the total assets in the banking sector for the first time in the first half of 2025, reaching 80.9%. This increase is largely attributed to several M&A transactions involving the acquisition of competitors outside the top ten, according to a study by "Expert RA." For more details, visit the source.
π¨ Russia's coal exports in September saw a decline compared to August, though they increased year-on-year. This decrease is attributed to the seasonal lull and stockpiling in China ahead of the holidays. In October, some importers may begin preparing for winter by ramping up purchases, but analysts do not forecast significant growth in Russian exports this year. Chinese buyers have also initiated preliminary talks with coal exporters from Indonesia and Russia for supplies in 2026. β Πͺ
π Recent data from Santiment reveals a notable uptrend for Bitcoin (BTC), gold, and US stocks. All three assets are currently experiencing growth, indicating a positive shift in market sentiment. Investors are keenly watching these developments as they unfold. For more details, visit Santiment.
β οΈπ«π· France is sinking deeper into a political crisis. President Macron now faces the challenge of selecting a new Prime Minister, calling for new parliamentary elections, or resigning. Experts warn that Marona is difficult to remove from power due to her ties to Panin and the Rothschilds. For more details, visit CNBC.
π¨π³π°π΅ Premier of the State Council of China, Li Qiang, is set to visit North Korea for an official trip from October 9 to 11.
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πΈ Russia has seen a decline in vodka production, according to PRIME. The decrease in output reflects changing consumer preferences and market dynamics. For further details, visit here.
π Today, TESLA will host the "10/7" event. Analysts anticipate the unveiling of a new, more affordable model.
π Russia is establishing a comprehensive infrastructure for the realm of digital currencies, according to the Ministry of Finance. "By a full-fledged infrastructure, we mean clear rules of the game. This includes the ability to convert cryptocurrencies into fiat money, along with more active use of cryptocurrencies for transactions and investment purposes. We are gradually moving toward this goal," stated Ivan Chebeskov. For more details, visit the Ministry of Finance.
π Indiaβs Minister of Commerce and Industry, Piyush Goyal, has announced that the country will soon launch its own digital currency, supported by the Reserve Bank of India (RBI), to facilitate seamless transactions. This initiative aims to curb illegal transactions, as every digital transaction will now be verified through the system, Goyal stated.
π Billionaire trader Paul Tudor Jones believes the current market conditions are primed for a significant rally in US stocks, potentially surpassing the explosive growth seen in 1999, despite similarities to the Dotcom bubble era. Jones states that all the necessary ingredients are in place for this surge, suggesting a robust outlook for investors in the near future. For more details, visit here.
π Sam Altman announced that the number of active users of ChatGPT has surpassed 800 million weekly.
π·πΊ The Federal Tax Service (FTS) is seeking input from self-employed individuals on their preferred parameters for the professional income tax (PIT) regime. A survey has been made available in their personal accounts on the "My Tax" website. The FTS is asking self-employed individuals to specify a "fair" percentage of their income they are willing to pay as tax. The options range from 0% to over 20%, divided into 11 different responses. β Vedomosti
π Recent accidents at major copper mines have significantly increased the risk of a global shortage. Analysts predict a metal deficit of 50,000 to 300,000 tons by 2026 and anticipate a rise in Russian exports. Consequently, copper prices are reaching multi-month highs. Goldman has raised its copper forecast for 2026 to $10,500.
π E-Retail Week 2025, the annual international forum for e-commerce and retail, is set to take place in Moscow from October 7 to 8. The event will gather over 200 speakers and 5,000 experts, including representatives from federal and regional retail, marketplaces, leading industry business associations, consumer goods suppliers, consulting firms, market regulators, and the startup community. For more information, visit here.