European stock indices traded mostly lower on Monday, helped by positive sentiment in Asia, but pressured by talk of new sanctions against Russia. By 03:25 a.m. ET (07:25 GMT), Germany’s DAX was trading 0.6 percent lower, France’s CAC 40 was down 0.6 percent and Britain’s FTSE 100 was up 0.1 percent. Some European Union governments […]

The German government is considering nationalizing the property of 2 Russian energy giants, which occupy a significant place in Europe’s largest economy: according to Handelsblatt, Gazprom Germania manages the country’s gas storage facilities, and Rosneft Deutschland accounts for a quarter of Germany’s oil refining business, Business Insider reports. In addition, Berlin is also considering expropriating […]

The U.S. Department of the Treasury has blocked payments of the accrued coupon and principal on the Russia-2022 Eurobond issue, scheduled to mature on April 4, from Russia’s frozen international reserves, Bloomberg reported, citing an unnamed OFAC official (a division of the agency responsible for sanctions enforcement). Also scheduled for April 4 was the payment […]

Russia’s March 2022 services PMI stood at 38.1 points, down sharply from February’s reading of 52.1 points, S&P Global research reported. “The latest data show a marked decline in business activity in Russia’s services sector, contrasting with the modest expansion seen in the previous period,” the release said. The composite output index, which tracks activity […]

The U.S. market rose on Monday after billionaire Elon Musk became Twitter (NYSE:TWTR)’s largest shareholder, driving the social media company’s stock higher along with the rest of the technology stocks. Twitter shares are up nearly 30%. Musk, who is being investigated by regulators for his own use of the platform, received a 9.2% stake and […]

In March this year, electricity consumption in Russia as a whole amounted to 103.1 bln kWh, which is 3.0% more than the same indicator for 2021. Electricity consumption in the Unified Energy System of Russia in March 2022 amounted to 101.5 billion kWh, which is 2.9% more than the consumption volume for March 2021, according […]

There is still no consensus among EU countries on whether to extend sanctions against Russia to energy imports: the debate over an immediate ban on Russian gas, oil and even coal has divided the bloc, as some countries support a ban on Russian energy imports, while others are too dependent on energy and such sanctions […]

In Q1 of this year, Exxon Mobil Corp (NYSE:XOM), the largest oil and gas company in the United States, expects a significant increase in net income compared to Q4 of last year due to higher energy prices. ExxonMobil said in a statement that the rising price of liquid hydrocarbons added $1.9-2.3 billion to the company’s […]

The largest shareholder of Tesla (NASDAQ:TSLA), Ilon Musk, whose fortune is estimated at $219 billion, has become the richest person in the world. This is reported by Forbes with reference to the data of the rating of the richest people in the world according to the publication. The businessman took the first line for the […]

Germany’s economy ministry announced Monday that Berlin has taken control of the local unit of Russian gas giant Gazprom, saying Gazprom Germania violated the country’s foreign trade law, Business Insider writes. The move came after the Economy Ministry learned that the Gazprom unit in question had been acquired by Palmary SA and Gazprom Export Business […]

European stock indices are trading mixed on Tuesday, with investors assessing the possibility of new sanctions against Moscow, which could lead to a rise in commodity prices and fuel concerns about inflation. By 03:40 a.m. ET (07:40 GMT), Germany’s DAX index was trading 0.4 percent higher, France’s CAC 40 was up 0.1 percent and Britain’s […]

Russia will no longer be able to use its U.S. dollar accounts with U.S. banks to repay coupons on dollar bonds, according to a decision by the U.S. Treasury Department. After freezing the Russian central bank’s foreign exchange reserves, Western countries prevented Moscow from paying interest on foreign debt due on Monday. However, Moscow was […]

In Q1 of this year, sales of German premium car maker Porsche (DE:PSHG_p), part of Volkswagen Group (DE:VOWG), in the US collapsed by 24.9% due to supply chain disruptions and a fire on a cargo ship carrying luxury cars across the Atlantic. The company said in a press release that it sold 13,042,000 vehicles in […]

The head of the European Commission Ursula von der Leyen announced the content of a new package of sanctions against Russia, RBC reports. Now these restrictive measures must be approved by the EU countries. Among the new sanctions is a complete ban on any transactions with four “key” Russian banks, including VTB (MCX:VTBR). They also […]

Amazon on Tuesday announced the largest rocket deal in the history of the commercial space industry, signing agreements with 3 companies for 83 launches of its Project Kuiper internet satellites, CNBC writes. Amazon signed launch contracts with United Launch Alliance, Arianespace and Blue Origin, a space company owned by Jeff Bezos. Project Kuiper is Amazon’s […]

TCS Group (MCX:TCSGDR) will buy 51% of the Russian developer of innovative solutions for ATMs “Bankom”. This is reported by the press-service of the company. The Bank will buy the stake from the sole owner of the company Sergey Rabotko, who will remain its co-owner and CEO. It is noted that “Tinkoff (LON:TCSq)” cooperated with […]

“Yandex” (MCX:YNDX) will close the “Yandex.Investments” service due to sanctions against VTB (MCX:VTBR), and hackers set a record for blockchain hacks and stole $1.3 billion worth of crypto assets – these and other important news for the morning of Wednesday, April 6, in our daily review. US-based Intel (NASDAQ:INTC), one of the world’s largest processor […]

The US dollar is growing slightly against the euro and strengthening quite actively against the yen during Asian trading on Wednesday as investors await the publication of the minutes of the March meeting of the US Federal Reserve System (Fed). On Wednesday evening, the minutes of the Fed’s March 15-16 meeting will be published, following […]