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.
Politics
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.
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
Deals
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
Politics
Broker "Finam" will raise fees for withdrawal of dollars and euros from the brokerage account
The increase in commissions will take place on August 10. The changes will affect the withdrawal of foreign currency from brokerage accounts to all banks, except Finam Bank. The fee for withdrawing US dollars will reach 0.2% of the amount withdrawn, but no less than $30 and no more
Deals
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
Increased tensions between China and the U.S. could lead to the delisting of Chinese companies from U.S. exchanges
As recently as last year, U.S. regulators requested access to audit reports from Chinese companies. They wanted to conduct their own analysis of companies from the Middle Kingdom. After the Taiwan crisis, the dissatisfaction of U.S. regulators increased. China, on the other hand, is not willing to allow
Politics
Alexander Voloshin, the former head of the Russian presidential administration and current Yandex board member, as well as Alexander Smbatyan, founder of Genome Ventures, each received a 25% stake in Bloomtech.
The startup deals with platform solutions for the banking sector. It is a fintech platform for secure interbank analysis of individuals' account data in order to reduce the risk of fraud and default.
Politics
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.
Politics
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
Politics
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