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Mandy Op.

Mandy Op.

The credit crisis in China is entering a new phase, writes Bloomberg.

The credit crisis in China is entering a new phase, writes Bloomberg.

One by one, the bond prices of real estate developers are going down. At first it was relatively small and medium-sized companies, now the threat hangs over the largest ones, for example, China Vanke. The Chinese bond market is estimated at $870 billion.

Saudi Arabia raised oil prices for Asia - Bloomberg

Saudi Arabia raised oil prices for Asia - Bloomberg

Aramco is increasing the price of the Arab Light class by 50 cents in September. The current price is the highest ever. Remarkably, this decision came one day after OPEC+'s lowest oil production increase. Aramco's monthly decisions are seen as a "bell" for the

Rosneft and Novatek will increase oil and gas supplies via the Northern Sea Route

Rosneft and Novatek will increase oil and gas supplies via the Northern Sea Route

The plan for the development of the Northern Sea Route until 2035 involves the launch by Novatek of the most important project Arctic LNG 2" in 2023. And the cargo flow from Vostok Oil, Rosneft's project, will be 30 million tons in 2024, and will more than

EU calls for dialogue to reduce risks amid tensions in Taiwan - Reuters

EU calls for dialogue to reduce risks amid tensions in Taiwan - Reuters

"The EU is interested in preserving peace and the status quo in the Taiwan Strait," the bloc said. The EC spokesman said the EU has a "clear one-China policy," recognizing the Chinese government as the only legitimate government of China, and maintaining "friendly relations and

Roskomnadzor adds Aliexpress to the list of foreign Internet companies that comply with the law on landing - TASS

Roskomnadzor adds Aliexpress to the list of foreign Internet companies that comply with the law on landing - TASS

Recall what the law on "landing" implies. Owners of foreign companies with a daily audience of more than 0.5 million Russian users are obliged: * Establish a branch, representative office or authorized legal entity in the Russian Federation, * register a personal account on the Roskomnadzor website, * Place an

X5 agreed on strategic alliance with "Krasniy Yar" and "Slata" - retailer

X5 agreed on strategic alliance with "Krasniy Yar" and "Slata" - retailer

The Group will get 70% in these supermarket chains - one of the leading retailers in Eastern Siberia. Krasniy Yar GC includes 226 "Krasny Yar" and "Baton" stores in Krasnoyarsk region, Tuva and Khakassia with the total sales area of 103.5 thousand square meters. Slata&

Uber shares gain 11% on premarket after report

Uber shares gain 11% on premarket after report

The company's free cash flow became positive for the first time ever in the second quarter. Although the company's net loss was higher than expected: -$1.33 against the expected -$0.26. At the same time, revenues increased almost threefold, which indicates the further

Yandex founder may trade control of the company for the opportunity to withdraw some assets abroad - The Bell

Yandex founder may trade control of the company for the opportunity to withdraw some assets abroad - The Bell

As a result of the possible division of the company's assets with its founder Arkady Volozh, control over Russia's Yandex may change The company may have new shareholders and management structure. In this case, Volozh will have an opportunity to develop some of its assets abroad

Mortgage lending slows in the UK - rising rates drive up the cost of living

Mortgage lending slows in the UK - rising rates drive up the cost of living

The number of approved mortgages in the U.K. fell more than forecast in June, and consumers have sharply reduced borrowing, indicating that the crisis is increasingly squeezing the economy. However, consumer credit is on the rise. The surge in consumer loans may partly reflect the plight of people struggling

EU Composite Consumer Confidence Index for July: 99 (forecast 102, forecast 103.4)

EU Composite Consumer Confidence Index for July: 99 (forecast 102, forecast 103.4)

Producers' problems are being shifted onto the shoulders of consumers. In addition to record price increases, consumers are faced with severe shortages. The shortages are caused by many factors: a virus and pandemic restrictions in China, falling energy imports and the loss of profitability in the production of some