Finance world news

Mandy Op.

Mandy Op.

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

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

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

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.

Russia strengthens trade relations with former Soviet Union countries - RBC

Russia strengthens trade relations with former Soviet Union countries - RBC

Countries of the former Soviet Union increased exports from Russia in the summer not only compared to the spring, but also to last year. Trade growth was helped by Russia's reorientation of exports, as well as the strong ruble, which made supplies cheaper for importer countries. In addition,

ESG is "dying." U.S. banks are pushing oil and gas financing

ESG is "dying." U.S. banks are pushing oil and gas financing

Big U.S. banks such as Goldman Sachs and JPMorgan Chase are stepping up lending to commodity companies, including those in the oil and gas sector. Republicans accuse the banks of hurting the U.S. economy and commodity states in particular by reducing lending to "non-green" sectors. West