India is looking for opportunities to buy Russian oil at a price below $70 per barrel and is negotiating with the Russian authorities, The Economic Times reports citing sources. As noted, so in the republic want to compensate for the risks associated with sanctions restrictions. “Russian oil flows to India are not subject to sanctions, […]

The OPEC cartel, which has struggled for many months to restore to the market oil supplies that dwindled during the pandemic, actually failed to increase production in April, as its members are still short of capacity, Bloomberg writes. And while Iraq has made significant production gains, countries such as Libya and Nigeria have seen their […]

At Berkshire Hathaway’s shareholder meeting last Saturday, May 1, in Omaha, Nebraska, billionaire investor Warren Buffett repeated his famous mantra that “One of the surest ways to protect against inflation is to upgrade your skills and strive to become the best in your field.” It is useful skills, not currency, that Buffett believes is the […]

On May 4, Uber Technologies Inc (UBER) reported a Q1 loss of $5.9 billion ($3.04 per share), compared to a loss of $108 million (6 cents per share) a year earlier. The company attributed $5.6 billion of that loss to its investments in stakes in Grab Holdings Ltd. (GRAB), Aurora Innovation Inc. (AUR) and Didi […]

The Bank of England at the end of the May meeting on Thursday may raise the key rate for the fourth time in a row – from the current 0.75% to 1% – amid persistently high inflation, economists and analysts believe. In case of this decision, the rate will reach the maximum value since the […]

U.S. stock indexes soared about 3% yesterday, the best daily gain since 2020, The Wall Street Journal reported. The Dow Jones Industrial Average rose 932.27 points (2.81%) to 34061.06 points. Leading the rise were shares of Honeywell International Inc. up 4.5%, Caterpillar Inc. and 3M Co. – up 4.2%. The Standard & Poor’s 500 jumped […]

U.S. Coca-Cola Co, the world’s largest soft drink maker, may leave the Russian market, the company’s head James Quincy has admitted. Quincy said at the CEO Council Summit event organized by The Wall Street Journal that Coca-Cola may come to the point where its business in Russia “will completely disappear” if the conflict in Ukraine […]

European aerospace corporation Airbus SE’s net profit rose 3.4 times to €1.22 billion in the first quarter of 2022 from €362 million in the same period a year earlier. Earnings per share rose to €1.55 from €0.46. Airbus said in a press release that earnings excluding interest and tax payments (EBIT) rose 3.1 times to […]

Today’s trading in the Russian stock market started in the major on the background of improving external stock and raw materials conditions on the signals of the U.S. Federal Reserve on the gradual tightening of monetary policy. The MosBirch index rose by 1.03% to 2,397.61 points during one minute of trading. The RTS index jumped […]

Investors have sued Netflix for compensation for falling stock prices, and Warren Buffett’s holding company has increased its stake in oil company Occidental – these and other important news for the morning of Thursday, May 5, in our daily review. A Texas-based investment fund has sued the streaming video company on behalf of Netflix shareholders […]

Stock indices in the Asia-Pacific region were mostly up on Thursday morning, with gains in U.S. stocks and bonds providing support to the market. Investors breathed a sigh of relief after the US Federal Reserve’s latest monetary policy decision came as expected and averted fears of a larger-than-expected rate hike. China’s Shanghai Composite index was […]

European stock indices are trading solidly higher on Thursday while investors are mostly “digesting” strong corporate reports after the U.S. Federal Reserve tempered expectations of a tough interest rate hike in the future. By 03:40 am ET (07:40 GMT), Germany’s DAX index was trading 1.8% higher, France’s CAC 40 was up 1.9% and Britain’s FTSE […]

The UK’s HM Revenue & Customs (HMRC) has revoked Moscow Exchange’s status as a “recognized stock exchange”, according to a statement on the agency’s website. Investors will not be able to take advantage of British tax benefits. “As the restrictions for UK investors remain in place, HMRC has withdrawn the Moscow Stock Exchange’s status as […]

The US market is waking up “from the hangover” after the Fed’s move, but solid gains in various sectors of the economy after the close of trading on Wednesday helped them hold on to most of the gains. Bond yields rose the day before while the market “digested” Jerome Powell’s forecast of a series of […]

Many major Western companies whose business is linked to China, such as Starbucks, Apple, DuPont, Estee Lauder, have warned in their quarterly earnings reports for the first quarter about the impact of the quarantine in China on their business, CNBC writes. While DuPont, for example, expects the situation to improve in late May, the impact […]

Ilon Musk and Katie Wood criticized passive investing on Twitter, taking part in a long-running Wall Street discussion about the growing power of index funds, Bloomberg writes. The discussion was spearheaded by venture capitalist Marc Andreessen, who argued that companies like BlackRock have too much weight in many corporations because of their voting power, anchored […]

Analysts have estimated the cost of oil, at which Moscow will be able to withstand the European Union’s refusal of its supplies from Russia, the Financial Times reports. According to their calculations, the Russian economy will not be significantly damaged at an oil price of $44 and above. The Russian budget largely depends on oil […]

Etsy shares fell 12% after the arts and crafts marketplace failed to allay fears that sellers were leaving its platform due to high sales commissions. ConocoPhillips shares rose 0.1% after the oil producer reported a higher first-quarter profit, helped by higher oil prices, and raised its target dividend to shareholders in 2022 by another 25% […]