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
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
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The fee for withdrawing US dollars will reach 0.2% of the amount withdrawn, but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
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.
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
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.
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.