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Mandy Op.

Mandy Op.

The National Bank of China has lowered the yuan-dollar exchange rate to a two-year low

The National Bank of China has lowered the yuan-dollar exchange rate to a two-year low

The National Bank of China (central bank) on Monday lowered the average exchange rate of the yuan to 7.0298 to one dollar, according to data on the regulator's website. According to the bank, this is the lowest value of the exchange rate since July 2020. The yuan exchange rate

Europe considers new sanctions against Russian metallurgists

Europe considers new sanctions against Russian metallurgists

It is not yet known what types of products will fall under the import ban. However, the EU is heavily dependent on slabs from Russia, and it is very expensive to launch its own production or look for alternatives. The potential ban on the import of slabs may affect NLMK.

Pandemic caused a spike in U.S. residential real estate prices

Pandemic caused a spike in U.S. residential real estate prices

The Fed study concludes that the shift of employees to remote work caused by the COVID-19 pandemic has triggered an increase in real estate prices. Fed experts say that the pricing of the real estate market has changed since 2020. The "remoteness factor" is now one of the key drivers

This year there will be no unfriendly non-residents at Mosbirzha

This year there will be no unfriendly non-residents at Mosbirzha

Sergei Shvetsov - head of the BOD Mosbirzhi reported that the site is dealing with issues of admission of foreign investors. However, this is not this year's project, the decision is postponed to the next years. Shvetsov said that the admission of such investors now, would destroy the Russian financial

Gas tariffs for industry and households will increase by 8.5% from 1 December 2022, the Ministry of Economic Development

Gas tariffs for industry and households will increase by 8.5% from 1 December 2022, the Ministry of Economic Development

And electricity transmission tariffs will be indexed by 9%. The next indexations are planned for July 2024. Previously, the increase in the cost of tariffs was planned in July 2023.

The Central Bank intends to limit the growth of consumer lending and, consequently, the debt load of the population

The Central Bank intends to limit the growth of consumer lending and, consequently, the debt load of the population

At the beginning of 2023, the Central Bank plans to introduce quantitative restrictions on consumer loans for banks with universal licenses and MFIs. Such a measure was to appear at the end of last year and is called MPL - macroprudential limits.

Forbes Russia to raise investment for rebranding

Forbes Russia to raise investment for rebranding

Russian magazine Forbes plans to raise a RUB 450 million investment to rebrand it under a new name "The Billions" and refinance its debt - RTVI. The money is needed to refinance loans and relaunch the publication under the new "The Billions" brand. "The Billions is first and foremost about

Gazprom is studying the possibility of expanding the LNG plant near the Portovaya station from 1.5 million tons per year to 3.5 million tons per year.

Gazprom is studying the possibility of expanding the LNG plant near the Portovaya station from 1.5 million tons per year to 3.5 million tons per year.

The project is planned to be implemented jointly with Ruskhimalliance. The project has the necessary infrastructure, so the increase in capital costs is not expected to be significant. At the same time, Gazprom has no access to the foreign equipment needed for the expansion. And domestic gas compressors are not

Strikes are called off. U.S. railroad companies reached agreements with unions

Strikes are called off. U.S. railroad companies reached agreements with unions

Union Pacific and BNSF improved working conditions for railroad workers and paid them early. The administration of the incumbent president helped to resolve the situation. The beginning of major strikes in the U.S., involving more than 100,000 people, could have brought a huge part of the U.S.

Germany is considering nationalization of Uniper, - Bloomberg

Germany is considering nationalization of Uniper, - Bloomberg

The government wants to save the company from bankruptcy. Uniper suffered a 12 billion euro loss in the first half of the year and accumulated a huge debt. The reason is the energy crisis.