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Investors withdrew $3.4 billion from European equity funds in the first week of September, bringing the total outflow of investments for six months to $83 billion, calculated Deutsche Bank. BlackRock and Amundi cut stakes in Europe amid hawkish ECB monetary policy and the energy crisis. Analysts at Bank of
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The U.S. president does not yet intend to repeal the tariffs imposed by Trump. Earlier this summer, Biden signed a new tariff exemption process for manufacturing materials, from China, but has so far postponed a final decision. The Biden administration, for its part, is looking for ways to help
Global Company
Due to the possibility of selling such stones without VAT, the company positively estimates demand for them in 2023 at $200 million. The company's Director of Strategic Development said that demand for investment diamonds has multiplied. He also noted that diamonds are a non-renewable resource, so their supply
Politics
The company sold all its assets to a group of investors headed by Ivan Tyrishkin (Former President of the Russian Trading System Stock Exchange - RTS). They have already obtained operational control over the bank and its management.
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Eurobonds of Series 41 were issued for the amount of $750 million. The coupon rate is 4.95% per annum, and the maturity date is March 23, 2027. The secondary bonds will have the same parameters in terms of the size and timing of coupon payments, maturity and face value.
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From 1 October 2022 brokers will not execute non-qualified orders for purchase of securities of issuers from unfriendly countries if the share of such securities in the portfolio of the investor exceeds 15%. From November 1, 2022 the threshold for such transactions will be 10% of the portfolio of the
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The main reasons are the suspension of Nord Stream and weak data on business activity. Gas prices in Europe jumped by 30 percent because of the suspension of the JV.
Politics
Cryptocurrency settlements will partially help replace international SWIFT transfers. However, do not get too excited: legalization of transfers means control over transactions by the state. This is the official position of regulators. It is still unknown to what extent the Ministry of Finance and the Central Bank will regulate this
Politics
The month-on-month change is +0.5% vs. +0.1% in July and expected +0.4%. Eurozone bond yields are making new highs. The probability of ECB rate increase by 0.75% is increasing. A more aggressive ECB policy increases the chances of a recession.
Global Company
Since September 12, the currency pair Uzbek sum - Russian ruble will be available for trading on the spot market and for swap overnight deals. Earlier Mosbirzha launched trade in Armenian dram and South African rand. The Exchange plans to launch 10-15 new currency pairs.
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The company exchanged assets with VK. Yandex will get Delivery Club, while VK will get Yandex Zen and Yandex News. Yandex now owns the two largest food delivery services. Service Yandex and Delivery Club occupy about a quarter of the market of delivery of ready-made food. And the delivery market
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By the end of the year the company plans to build a pipeline several hundred meters long. The pipeline will make it possible to connect the floating storage regasification unit to land.