The U.S. stock market ended Monday trading with growth due to the strengthening of the technology, oil and gas and telecommunications sectors. At the time of closing on the New York Stock Exchange, the Dow Jones rose by 0.26%, the S&P 500 index rose by 0.57%, the NASDAQ Composite index rose by 1.63%. In the […]

The limit of the subsidized loan for the GAZ automobile plant has been increased from 10 billion to 20 billion rubles. The corresponding order was signed by Russian Prime Minister Mikhail Mishustin. The government website reports that “we are talking about a loan at a rate of up to 11% per annum, which is available […]

Austria is ready to participate in the embargo of oil from Russia if the relevant decision is taken by the European Commission, the country’s Minister of Climate, Environment and Energy Leonore Gewessler said. “So far there is no proposal from the European Commission, but Austria is ready to consistently participate in an oil embargo if […]

Pfizer released a report Tuesday with first-quarter results that beat analysts. The earnings figure exceeded estimates. The company reported earnings per share of $1.62, with revenues totaling $25.66B. Analysts surveyed by Investing.com had anticipated in forecasts that EPS would be $1.52 and total revenue would be $24.1B $ Pfizer’s stock price, down 5% this year, […]

Russian President Vladimir Putin has signed a decree “On the application of retaliatory special economic measures in connection with unfriendly actions of some foreign states and international organizations”. The document is posted on the official Internet portal of legal information. According to the text of the decree, federal government agencies, government agencies of the constituent […]

Sberbank has reduced the rates on the main deposits by 4 percentage points (p.p.), follows from the materials on the bank’s website. Now the maximum rate on deposits from Sberbank is 12%, while previously it reached 16%. For “SberVklad” rate when placing funds for 1-3 months is (11%) (previously 15%), 6 months – 9% (previously […]

At the morning session of the Hong Kong Stock Exchange quotations of Alibaba, whose founder is Jack Ma, fell by 9.4%. They ended the trades with a fall of 1.7%. The fall in securities began after the message of China Central Television that the authorities of Hangzhou on April 25, introduced restrictions on a man […]

Retail sales in Germany in March decreased by 0.1% compared to the previous month, according to data from the country’s Federal Statistical Agency (Destatis). In February, the indicator increased by 0.1%. Compared to March 2021, retail sales climbed 2.7% last month. Food sales in the country rose 2.9% in March compared to February. On a […]

WSJ told about Musk’s plans to hold a new IPO Twitter in three years, Times learned about the difficulties with the deal to buy Chelsea from Roman Abramovich – these and other important news for the morning of Wednesday, May 4, in our daily review. A key element of the sixth package of EU sanctions […]

The average daily loading on the network of Russian Railways in April 2022 decreased by 5% to 3.413 million tons, a source familiar with the company’s operations told Interfax. This corresponds to 102.4 million tons for the month as a whole. The loading plan for April was 3.24 million tons per day on average. RZD’s […]

FC “Otkritie” Bank has completed the legal merger of RGS Bank; the development of the group’s car business will continue under the Otkritie Auto brand, Otkritie said in a statement. The transformation of the branch networks of the two credit organizations has already been completed: the classic network of RGS Bank branches has been merged […]

Oil prices are rising on Wednesday morning after Tuesday’s decline as investors assess the coronavirus situation in China and US fuel inventory data. Oil stocks in the United States last week fell by 3.5 million barrels, the American Petroleum Institute (API) reported the day before. Analysts expected a more moderate reduction – by 800 thousand […]

The European Union plans to ban the import of all Russian oil, both crude and refined, said the head of the European Commission Ursula von der Leyen. About it writes Reuters. According to von der Leyen, the EU intends to abandon the supply of Russian crude oil within six months, and the import of refined […]

The Board of Directors of Aeroflot has approved an additional issue of up to 5.4 billion shares at a price of 34 rubles. 29 kop. per share, follows from the data on the portal of corporate information. “The news for Aeroflot shareholders is moderately negative, but there should be no pronounced reaction, as the additional […]

The dollar declined in early European trading on Wednesday ahead of the U.S. Federal Reserve’s latest interest rate decision; and the market is cautious ahead of the event, which led to narrow trading ranges. At 03:00 Eastern Time (07:00 GMT), the dollar index, which tracks its exchange rate against a basket of 6 other currencies, […]

Going public in India Life Insurance Corporation, whose 3.5% stake the country’s government intends to sell for about $2.74 billion, promises to be the largest IPO in the country’s history and an indicator of foreign investors’ interest in India, writes CNBC. LIC manages about two-thirds of the life insurance market in India. The initial public […]

Natural gas prices in the U.S. have soared more than 18% over the past three sessions to a 14-year high, RBC reported. On the back of strong demand, the exchange price of gas continues to rise after growing by almost 30% in April. And over the past year, quotations of U.S. Henry Hub gas have […]

Volkswagen’s profit after taxes in the first quarter of 2022 jumped by 96.9% to € 6.72 billion, according to the company’s press service. At the same time, revenue for the quarter amounted to € 2.74 billion against € 2.38 billion a year earlier. The company confirmed its forecast for annual revenue growth in the range […]