Sberbank following the reduction of rates on deposits and consumer loans lowered mortgage rates. As stated in the Bank, the majority of mortgage programs since April 11, rates are reduced by 2.1 percentage points (p.p.). The rate on loans for the purchase of ready-made housing and apartments in new buildings now starts from 16.9% (previously […]

The rate of growth of consumer prices in China in March became the highest for three months amid problems in supply chains due to severe measures to combat coronavirus and the increase in the cost of energy resources. Consumer prices (CPI) rose 1.5% year-on-year last month, China’s State Statistics Office (SSO) said. The index rose […]

US President Joe Biden has signed two bills imposing additional sanctions on Russia and Belarus, the White House said. The report said that the “Stop Importing Russian Oil Act”, which bans imports of energy products from the Russian Federation, and the “Suspension of Normal Trade Relations with Russia and Belarus Act”, aimed at further strengthening […]

The Russian government will allocate a total of 311 billion rubles to support airlines and airports in 2022. Ilya Torosov, First Deputy Minister of Economic Development, told Izvestia on Monday, April 11, in an interview. “As the first step in measures to support the aviation industry, a decision has been made to allocate 25 billion […]

European Union countries still have not reached a unified position on the issue of imposing an embargo on Russian oil, and Ilon Musk refused to join the board of directors of Twitter (NYSE:TWTR) at the last minute – these and other important news for Monday morning, April 11, in our daily review. European Union countries […]

At the opening of trading on April 11, shares of Russia’s Rosbank soared 39.47% to 95.4 rubles per share as of 10:10 MSC, trading data show. This came after the investment company Interros announced the acquisition of a stake owned by French banking group Societe Generale (PA:SOGN), RBC writes. Interros also emphasized that the terms […]

The net profit of Mastercard’s (NYSE:MA) Russian subsidiary RBSU in 2021 increased by 12% to 7.5 billion rubles, according to the company’s financial statements. Mastercard’s revenue grew by 50% to 23.7 billion rubles in 2021. The cost of sales increased by 32%, to 12.2 billion rubles. Mastercard’s accounts payable increased by 23.5% to 1.1 billion […]

Swedish mobile network equipment manufacturer Ericsson has decided to suspend its business in Russia for an indefinite period of time, Kommersant reports. At the end of February, the company stopped supplying products to Russia. According to the publication’s sources, Ericsson’s share in the Russian telecommunications market is up to 20%. “At the end of February, […]

WarnerMedia (owned by AT&T) and Discovery (NASDAQ: DISCA) have finalized the merger of their media assets into a new company, Warner Bros Discovery, Reuters reports. WarnerMedia and Discovery announced the deal to merge into a new company last May. Warner Bros Discovery will begin trading on the NASDAQ stock exchange under the ticker WBD on […]

The European Union has banned flights of 20 more Russian-certified airlines due to the fact that their airplanes “do not meet international safety standards”. This is stated in the document of the European Union, posted on the website of the European Commission. Among the listed airlines are Aeroflot (MCX:AFLT) and its subsidiaries (Pobeda and Rossiya), […]

The exchange price of palladium increased by 4% and reached $2530 per ounce. This is reported by Bloomberg with reference to the data of the London Metal Exchange. At the end of last week, the London Platinum Group Metals Association (LPPM) withdrew the Good Delivery status from Krasnoyarsk Gulidov Non-Ferrous Metals Plant (Krastsvetmtet) and Prioksky […]

Tinkoff Bank (LON:TCSq) has temporarily disabled the ability to buy all currencies except dollars, euros, pounds and yuan in its app amid a shortage of currency on the Moscow Exchange, RBC reports. “Temporarily disabled the ability to buy all currencies except dollars, euros, pounds and yuan. There is not enough currency on the Moscow Exchange, […]

Last Thursday, Tesla CEO Ilon Musk inaugurated the company’s new plant in Austin, Texas, which is the company’s fourth plant in the world and will produce the Model Y SUV and next year’s Cybertruck. However, according to some experts, Tesla is still only a fledgling electric car maker, Yahoo writes. Kevin Paffrath, known for his […]

In March 2022, consumer prices in Germany, calculated according to national standards, increased by 7.3% compared to the same month in 2021, after rising by 5.1% a month earlier, final data from the country’s Federal Statistical Office (Destatis) showed. Relative to the previous month, prices increased by 2.5%. The dynamics of indicators coincided with the […]

The Japanese Foreign Ministry has announced sanctions against 398 Russian citizens, 26 companies and two Russian banks – Alfa Bank and Sberbank (MCX:SBER) – in connection with the situation around Ukraine. According to a statement published on the website of the Japanese foreign ministry, “in order to maintain international peace and security and make Japan’s […]

Natural gas futures prices rose during the U.S. session on Monday. At the New York Mercantile Exchange, natural gas futures for delivery in May are trading at $6.61 per million Btu, up 5.21% at the time of writing this commentary. The session high was $/mmBtu. At the time of writing, natural gas found support at […]

VTB (MCX:VTBR) has improved terms on cash loans from April 12, reducing rates by 3 p.p. on average. The minimum rate for customers is from 15.9% subject to insurance and an additional discount of 0.4 p.p. for applying on the bank’s website or in VTB Online, the bank said in a press release. Reportedly, a […]

OPEC told the European Union that it is impossible to substitute oil from Russia, and Alexei Kudrin said that the official forecast of GDP decline will be more than 10% – these and other important news for Tuesday morning, April 12, in our daily review. The Organization of Petroleum Exporting Countries (OPEC) told the European […]