One of the companies operating the Nord Stream 2 gas pipeline Nord Stream 2 AG, based in Switzerland, plans to file for the initiation of bankruptcy proceedings in the near future, German newspaper Stuttgarter Zeitung reported on Thursday. “Pipeline company Nord Stream 2 is on the verge of bankruptcy due to the war in Ukraine […]

The international rating agency Moody’s will soon withdraw the ratings of all Russian companies, Reuters reports citing the agency’s statement. Fitch and S&P Global Ratings made a similar decision earlier. Both agencies assured that the ratings will be withdrawn by April 15, the deadline set by the EU. As part of the fourth package of […]

Rating agency Barclays on Thursday said the benchmark S&P 500 index has “limited upside potential” as U.S. consumer spending declines and income growth slows, lowering its 2022 growth targets for the index and earnings per share, Business Insider writes. The S&P 500 growth forecast was cut from 4,800 to 4,500 points and the EPS target […]

Russian President Vladimir Putin has personally approved Roman Abramovich’s participation in Russian-Ukrainian talks, the Financial Times has claimed, citing sources. After receiving the president’s approval, the billionaire met with a senior official from Zelensky’s office to help organize the talks. Western officials, according to the newspaper, question Abramovich’s involvement in organizing the talks. And some […]

Russia has responded to the freezing of reserves in dollars and euros by restricting the movement of funds that could be transferred to unfriendly countries by a comparable amount, according to the regulator’s message in the regulator’s official Telegram channel. “Restrictions were imposed on capital flows, a ban on the sale of securities by foreign […]

The head of Berkshire Corporation, Warren Buffett, is undoubtedly the most famous investor in modern history, so it’s no surprise that investors are analyzing his portfolio, hoping to replicate just a little bit of the unprecedented success of his investment model, which has always been transparent, simple and consistent. Essentially, he invests in low-cost, high-dividend-paying […]

The export duty on wheat from Russia will rise to $87 from $86.4 per ton from March 30, the Agriculture Ministry said. The increase is observed for the second week in a row after falling for nine weeks. Barley duty will drop to $75.8 from $79.6 per ton, while corn duty will rise to $58.3 […]

“Gazprom” will determine in the coming days the aspects related to the transition to payment for Russian gas in rubles, this information will be communicated to fuel buyers, presidential spokesman Dmitry Peskov told reporters. Asked by Interfax to comment on statements by EU officials about the impossibility of paying for gas imported from Russia in […]

Dutch brewing company Heineken is leaving Russia. This is stated in a statement on its website. The organization will transfer its business in Russia to a new owner in accordance with local and international laws. On what terms the transfer will take place and who may become the new owner of the enterprises, Heineken did […]

The U.S. dollar is steadily strengthening against the euro, yen and pound sterling in trading on Monday. Against the yen, the dollar rose to the maximum since December 2015. The dollar’s strength is supported by the continued rise in US Treasuries yields amid growing expectations of an acceleration in the pace of base interest rate […]

During the week of March 21-25, the most popular financial instruments (according to Investing.com Russia) were the following: USD/RUB pair, Brent oil futures, Bitcoin, Sberbank shares (MCX:MCX:SBER) and EUR/RUB pair. As for the news, the most interesting for the week were the following: Putin instructed to transfer payments for gas supplies to the EU to […]

Oil prices are sinking Monday on news that China has imposed severe restrictive measures to curb the spread of the coronavirus. Authorities in Shanghai are closing the eastern part of the city, which includes the financial district and industrial parks, for four days starting Monday for mass testing of citizens, Bloomberg news agency reported. Later, […]

Friday will see the release of the March US jobs report, which will be closely watched as it is the last monthly employment report before the next Federal Reserve meeting in May. This week, which promises to be a busy week on the economic data calendar, will see an update on inflation. Events in Ukraine […]

Bitcoin rose in value to a three-month high, and Apple (NASDAQ:AAPL) will reduce production of some gadgets due to the situation in Ukraine – these and other important news for Monday morning, March 28, in our daily review. Germany hopes to become independent of Russian oil and coal imports this year, Chancellor Olaf Scholz said. […]

The MosBirch index fell 3% in the first minutes of trading on Monday, March 28, on MosBirch. The index fell to 2,407.2 points. The RTS index fell 3.4% to 801.5 points. This is the first trading on the exchange after a long break, to which almost all securities are admitted. The Bank of Russia temporarily […]

Tesla and SpaceX CEO Ilon Musk is confident that the problem of climate change is solvable and harbors optimism about it, writes Business Insider. “We will solve the climate problem. The only question is when,” he said. According to Musk, decarbonization will eventually be achieved by solar energy, and the key to this transition is […]

Russian retailers have estimated that the stock of Apple, Samsung and other companies that have limited supplies to Russia will be enough for 2-3 months. At the end of 2021, Samsung ranked first in smartphone sales in the country (32.1%), Chinese Xiaomi with the sub-brand Poco (29.1%) was in second place, Apple – in third […]