Politics
Oil returns to growth - Brent +1%
Positive news on U.S. inflation has brought fuel demand back a bit. The Fed's progress suggests that the global economy is approaching a tipping point. Consumption will pick up as the economy recovers.
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The Bank of Russia opposed a fixed exchange rate
According to the regulator, fixing the exchange rate now could be "harmful" to the economy. "A floating exchange rate is the best protection of the economy from external shocks, a stabilizer of the economy," said the director of the Central Bank's monetary policy department.
Politics
NOVATEK to replace European partners with Turkish ones - Turkish company will build a power plant for Arctic LNG-2
The power supply to the first line of the Arctic LNG-2 plant under construction will be provided by a floating thermal power plant manufactured by Turkey's Karpowership, Kommersant reports.The deadline for the plant's commissioning has not yet been announced. Contacts with the Turkish company were
Politics
Inflation in Germany was expectedly high
The eurozone's strongest economy continues to face challenges. Expensive energy increases the cost of producing goods and services, which is quickly passed on to consumers. Also, domestic liquidity in Germany has begun to shrink due to the EU's earlier plan to support crisis countries at the
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Tesla signs $5 billion deal with Indonesia - Reuters
The automaker has signed contracts to buy nickel products for its batteries. Several metal processing plants are involved in the deal. Tesla is trying to diversify its sources of raw materials. This is how the company intends to avoid possible geopolitical risks and undermining existing supply chains. This is a
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Today Mosbirzha will allow access to the futures market for non-residents from friendly countries, for access to the stock market need further adjustment of systems
Admission of friendly non-residents to trading at Moscow Exchange is the first stage of foreign investors' admission to trading. The second is the launch of a separate market for unfriendly non-residents, but its timing is not yet known, according to RBC Investments.
Politics
Starting from August 8, BCS Broker introduces a fee for keeping currency on the brokerage account and IIM
The commission will depend on the total balance on the account. The more foreign currency on the account, the lower the fee. If you have 1000 dollars, euros or pounds on your account - the commission will be 0.7%. It will be deducted every working day. At the minimum,
Deals
Russian milk stays in boxes: Tetra Pak to transfer business in Russia to local management - TASS
"In order to ensure business continuity for its customers, as well as to maintain the availability of essential products, the company has decided to transfer its Russian division to a local management team," the company said in a statement.
Politics
China traded Russian aircraft technologies for Western ones: wide-body aircraft to be implemented without Russian Federation - South China Morning Post
Russia and China launched a joint project of a 280-passenger wide-body aircraft in 2017. Its cost is $50 billion. However, China rejected Russian technology. "China, as it becomes an industrial giant, is less and less interested in our services," former Deputy Prime Minister Yury Borisov admitted in June
Politics
Germany will buy a 30% stake in Uniper, Scholz confirmed
* The German government has decided to buy a 30% stake in the German energy concern Uniper to save the company amid the financial crisis caused by cuts in gas supplies from Russia.
Politics
Any restrictions on Russian oil prices should include refined products - IEA Executive Director Birol
The IEA is working on a plan to coordinate a response to critical supply disruptions. Birol hopes that the G7 plan to impose price caps on Russian oil will gain support from several countries.
Politics
State Duma allowed to issue "substitute" bonds, - document
* The State Duma passed a law allowing Russian issuers with outstanding Eurobonds to issue replacement bonds in 2022.