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.
Deals
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.
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
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
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
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.
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,
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.
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
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.