Against the background of Western sanctions and difficulties for Russian companies with settlements and deliveries, offers to open bank accounts in offshore zones and to register a business in these zones have appeared on the Internet. “Izvestia” found more than ten such resources. To companies that open foreign or offshore accounts, the resources promise simplification […]

South Korean automaker Hyundai Motor Group on Friday confirmed reports that it will build an electric car plant in the U.S., Market Watch reported. The plant, which will be located near Savannah, Georgia, is estimated to cost $5.5 billion. Georgia Governor Brian Kemp called the deal the largest economic development project in the state’s history. […]

The Polish government has terminated the agreement on gas supplies from Russia ahead of schedule, Kommersant reports. The country had planned to finally give up gas supplies at the end of the year. Under the agreement, which runs until 2022, Poland could receive up to 10 million cubic meters of gas annually from Russia. The […]

The Central Bank and the Ministry of Finance are taking measures to curb the ruble’s appreciation, and the Ministry of Economy has estimated the share of Russian exports affected by sanctions – these and other important news for Monday morning, May 23, in our daily review. The Central Bank has started buying foreign currency again […]

With U.S. stock indexes on the cusp of a bear market, investors are awaiting the minutes of Wednesday’s U.S. Federal Reserve meeting to get more insight into the central bank’s response to soaring inflation. Retailer earnings will be in focus after last week’s disappointing results from major retailers shook a market already hard hit by […]

Gold mining in the Chukotka Autonomous District in January-April 2022 decreased by 9% to 6.5 tons compared to the same period of 2021, the press service of the office of the governor and government of the region reported. “At the Dvoinoye deposit (one of Kinross Gold’s assets, the plans to sell it to Highland Gold’s […]

After a two-year hiatus, the first face-to-face meeting of world political and economic leaders is expected to take place this week in Davos, Switzerland. Some 2,500 individuals are expected to attend the meeting, CNBC writes. Event organizers have postponed the meeting from the traditional January date for security reasons amid a coronavirus pandemic. In this […]

U.S. Apple Inc. wants to increase production outside of China because of Beijing’s overly harsh anti-commodity policies and disagreements between the PRC and the U.S., knowledgeable sources told The Wall Street Journal. The company is primarily looking at India and Vietnam as countries where it could ramp up capacity at its existing non-large-scale production facilities […]

A new name has been developed for the McDonald’s restaurant chain in Russia. Two Latin letters – Ms – will be used as a signboard, while the M may remain branded. This is reported by the newspaper Izvestia with reference to its source. According to him, the parent company took part in the development of […]

The State Duma Committee on the Financial Market has been “routinely” discussing a draft law that would allow holders of individual investment accounts (IIA), who have been affected by the transfer of assets between brokers, to have more than one such account. This is reported by “Kommersant” with reference to the President of the National […]

US chip maker Broadcom is in talks to buy software developer VMware, the Financial Times reported. “The deal, which could be worth more than $50 billion, would turn the semiconductor group into a diversified technology company, (operating in areas) ranging from chips to cloud computing services,” the publication wrote. VMware has long been considered one […]

It is commonly believed that no one – neither ordinary people nor economic analysts – knows when the stock market will hit bottom. We can speculate about it, but the fact remains. And while any investor might find it tempting to wait for better times (or better prices), it’s also possible to find that such […]

Russia’s economy is coping with sanctions decently, Russian President Vladimir Putin said today at the beginning of a meeting in Sochi with his Belarusian counterpart Alexander Lukashenko. “The Russian economy withstands the sanctions blow, withstands it quite decently,” Putin said. According to him, “all the main macroeconomic indicators speak about it.” At the same time, […]

Since the first case of monkeypox was discovered on May 13, the new disease has been spreading rapidly in the West. On May 21, 92 laboratory-confirmed and 28 suspected cases of this type of smallpox were reported to the World Health Organization (WHO), and investigations are ongoing in 12 WHO Member States not endemic for […]

Ural Mining and Metallurgical Company (UMMC), whose beneficiaries until March 14 were Iskander Makhmudov and Andrei Bokarev, and whose new owners have not been disclosed, is considering the possibility of acquiring the gold mining company Petropavlovsk. This is reported by “Kommersant” with reference to several sources in the industry. Earlier Polymetal showed interest in the […]

Many traders and investors were speculating last week about a potential market bottom, or at least a meaningful rally that may be just around the corner, as the benchmark S&P 500 index climbed from an oversold condition below 3,900 points to nearly 4,100 points in just 4 days, Yahoo writes. But traders expected the rally, […]

Quotes of gold futures rose during Asian trading on Tuesday. On COMEX, a division of the New York Mercantile Exchange, gold futures for delivery in June are trading at $1.00 per troy ounce, up 0.38% at the time of writing this commentary. The maximum of the session was at $1.00 per troy ounce. At the […]

The dollar exchange rate at the opening of trading on May 24 fell by 1.26 rubles or 2.17% to 56.6125 rubles, according to the data of the Moscow Exchange. The American currency is trading below 57 rubles for the first time since March 26, 2018. The euro exchange rate is down 1.51 rubles or 2.5% […]