The Moscow Exchange resumed trading in shares after almost a month’s break. At the opening, the Russian stock market rose by more than 10%. The Moscow Exchange Index rose by 11.8% to a maximum of 2,761.17 points. At the close of trading on February 25, after which the Bank of Russia ordered the suspension of […]

The Russian government will raise the rate on the program of preferential mortgages from 7% to 12%, Deputy Prime Minister Marat Khusnullin said yesterday. In order to support the volume of housing commissioning, the government proposed to keep the family (6% rate), Far Eastern (2%) and rural mortgage (3%) programs on the same terms. At […]

In the rating of 100 reliable banks according to Forbes, Sberbank took the first place for the second year in a row. VTB is on the second line. Also in the top 5 were Russian “subsidiaries” of foreign banks – Raiffeisenbank, Rosbank (Societe Generale Group and Unicredit. Last year the top-3 rating included Sber, Raiffeisenbank […]

“Nornickel” and UC Rusal have fixed metal prices for Russian consumers, and the Central Bank denies a hacker hack of its systems – these and other important news for the morning of Thursday, March 24, in our daily review. The international group Anonymous has claimed that the Russian Central Bank has been hacked. The hackers […]

Dubai’s main power and water company (DEWA) expects to raise up to $2.2 billion in an initial public offering, which would be the largest listing in the country since DP World’s IPO in 2007, Bloomberg writes. The Dubai Electricity and Water Authority plans to sell 6.5 percent of the shares, or 3.25 billion shares, at […]

Users complained about failures in the work of investment applications, in particular, Sberbank Investor, VTB My Investments and others, Interfax reports. According to the agency, Sber’s trading application stopped opening for most users, and VTB’s application does not allow making transactions with shares, explaining it by the transfer of assets to other brokers. The problems […]

On Wednesday, US stock indices fell due to the prospect of new Western sanctions against Russia and rising oil prices. US President Joe Biden headed to Brussels for a meeting with members of the G-7 and North Atlantic Treaty Organization on the situation in Ukraine. The White House and its allies are preparing to announce […]

According to a report released Wednesday by New York State Comptroller Thomas Di Napoli, investment bank employees on Wall Street received an average of $257 to $500 in bonuses last year, a record high, Business Insider writes. Overall, the increase in bonuses totaled 20% and surpassed the previous record high, which was set in 2020. […]

The United States, following the United Kingdom, has imposed sanctions against the head of Sberbank German Gref. This is reported on the website of the U.S. Ministry of Finance. The new sanctions list also includes 328 members of the State Duma, as well as the lower house of parliament itself and several dozen Russian defense […]

Representatives of Tinkoff Bank reacted to the introduction of a new package of sanctions by the UK, writes RBC. Employees of the company emphasized that the sanctions are aimed at businessman Oleg Tinkov as an individual. The bank also noted that he does not own a controlling stake in Tinkoff Group and Tinkoff Bank, and […]

U.S. stock indexes rose on Thursday thanks to shares of chip makers while oil prices fell and U.S. President Joe Biden met with NATO allies to discuss the situation in Ukraine. Biden called for Russia to be excluded from the G-20 group of countries. NATO allies meeting in Brussels agreed to strengthen their forces in […]

One of the companies operating the Nord Stream 2 gas pipeline Nord Stream 2 AG, based in Switzerland, plans to file for the initiation of bankruptcy proceedings in the near future, German newspaper Stuttgarter Zeitung reported on Thursday. “Pipeline company Nord Stream 2 is on the verge of bankruptcy due to the war in Ukraine […]

The international rating agency Moody’s will soon withdraw the ratings of all Russian companies, Reuters reports citing the agency’s statement. Fitch and S&P Global Ratings made a similar decision earlier. Both agencies assured that the ratings will be withdrawn by April 15, the deadline set by the EU. As part of the fourth package of […]

Rating agency Barclays on Thursday said the benchmark S&P 500 index has “limited upside potential” as U.S. consumer spending declines and income growth slows, lowering its 2022 growth targets for the index and earnings per share, Business Insider writes. The S&P 500 growth forecast was cut from 4,800 to 4,500 points and the EPS target […]

Russian President Vladimir Putin has personally approved Roman Abramovich’s participation in Russian-Ukrainian talks, the Financial Times has claimed, citing sources. After receiving the president’s approval, the billionaire met with a senior official from Zelensky’s office to help organize the talks. Western officials, according to the newspaper, question Abramovich’s involvement in organizing the talks. And some […]

Russia has responded to the freezing of reserves in dollars and euros by restricting the movement of funds that could be transferred to unfriendly countries by a comparable amount, according to the regulator’s message in the regulator’s official Telegram channel. “Restrictions were imposed on capital flows, a ban on the sale of securities by foreign […]

The head of Berkshire Corporation, Warren Buffett, is undoubtedly the most famous investor in modern history, so it’s no surprise that investors are analyzing his portfolio, hoping to replicate just a little bit of the unprecedented success of his investment model, which has always been transparent, simple and consistent. Essentially, he invests in low-cost, high-dividend-paying […]

The export duty on wheat from Russia will rise to $87 from $86.4 per ton from March 30, the Agriculture Ministry said. The increase is observed for the second week in a row after falling for nine weeks. Barley duty will drop to $75.8 from $79.6 per ton, while corn duty will rise to $58.3 […]