BMW Group and Audi have suspended shipments of cars by rail from Germany to China. Nikkei Asia reported that. “Due to the current geopolitical situation, our rail transportation along the Silk Road and the Trans-Siberian Railway has been temporarily replaced by alternative routes,” BMW’s press office said. According to the statement, vehicles for China and […]

“Gazprom has completely suspended gas supplies to Bulgargaz (Bulgaria) and PGNiG (Poland) due to non-payment in rubles, the Russian company said. “As of the end of the working day on April 26, Gazprom Export had not received payments for gas supplies in April from these companies Bulgargaz (Bulgaria) and PGNiG (Poland) in rubles, in accordance […]

Chinese President Xi Jinping is demanding that officials take care to ensure that China’s GDP growth rate this year surpasses that of the United States, despite the adverse effects of another COVID-19 outbreak in the country, The Wall Street Journal reported, citing knowledgeable sources. The sources said that in meetings with economic and finance chiefs […]

U.S. stock indices ended trading on Tuesday with a sharp decline. The value of the Nasdaq Composite index fell to its lowest level since December 2020, according to FactSet data. Traders are pressured by factors such as a coronavirus outbreak in China, rising inflation rates and the prospect of rate hikes by the world’s central […]

Revenue of the largest U.S. automaker General Motors in the first quarter of 2022 by 11% to $35.98 billion, compared to $32.47 billion in the same period of the previous year. GM said in a press release that its net income in the January-March period fell 4% to $2.9 billion, or $1.35 per share, compared […]

The spot price of gas in Europe at the opening of trading on Wednesday jumped by a quarter to above $1300 per thousand cubic meters after Bulgaria and Poland refused to pay Gazprom for supplies in rubles, which caused an automatic suspension of supplies. By refusing supplies from the East, such players will drive up […]

As of 10:30 Moscow time, the MosBirch index rose by 61 points (2.631%) compared to the close of the previous trading day and amounts to 2379.46 points. As of 10:30 Moscow time, the RTS index was up 26.54 points (2.654%) compared to the close of the previous trading day and stands at 1,026.38 points. Trading […]

Microsoft and Alphabet were at odds in the first quarter, with TikTok getting a bigger share of YouTube’s ad revenue. The stream of earnings reports will continue from Meta*, T-Mobile, Qualcomm, Ford and others a little later. Russia has cut off gas supplies to Poland and Bulgaria as the EU embargo on Russian oil approaches. […]

Shares of “Yandex” rose by 10.05%, up to 1725.6 rubles per share in afternoon trading on Wednesday, April 27. Quotes of the company are growing amid the publication of financial statements for the first quarter of the year, RBC notes. The company’s total revenue increased by 45% and amounted to 106.01 billion rubles compared to […]

The Moscow Exchange index rose by 3.4% and rose to 2,400.74 points in trading on April 27. This is evidenced by trading data on the Moscow Exchange. The indicator rose above 2400 points for the first time since April 18. At the same time, the dollar RTS index rose by 3.9%, rising to a maximum […]

The euro-dollar exchange rate on the international Forex market fell by 0.35% to $1.0598 in afternoon trading on Wednesday, April 27. The euro exchange rate fell below the $1.06 mark for the first time since April 2017, RBC notes. The European currency fell against the dollar to its lowest level since 2017 as investors, worried […]

During today’s trading, the U.S. dollar, paired with the Japanese yen, rose to a 20-year high. As of 9:09 Moscow time, the dollar cost 130.04 yen. Earlier, the dollar rate reached 130.18 yen, which is the maximum value since April 2002. The Japanese currency has lost 13% in value against the dollar since the beginning […]

Oil prices are declining on Thursday morning on the data on the weekly increase in inventories of this energy resource in the United States. The cost of June futures for Brent crude oil on the London exchange ICE Futures by 8:10 Moscow time on Thursday is $103.76 per barrel, which is $1.56 (1.48%) lower than […]

The state program of preferential mortgage under the new conditions, which provide for a reduction in the rate from 12% to 9% and the extension of the program until the end of the year, will work from May 1, the budget costs for its implementation, taking into account the changes are estimated at 461 billion […]

In addition to additional capitalization for 250 billion rubles from the National Wealth Fund, Russian Railways may receive subsidies for its current operations, Kommersant writes, citing sources. According to the newspaper, this issue was discussed at a meeting with First Deputy Prime Minister Andrei Belousov last week, and as a result of the meeting, the […]

Retail sales in Japan increased by 0.9% in March compared to the same month last year, according to data from the country’s Ministry of Economy, Trade and Industry. Analysts on average had expected a smaller increase of just 0.4%, Trading Economics reported. According to the revised data, the figure fell 0.9% in February, not 0.8% […]

The World Bank warned of the biggest price crisis since the 1970s, and Bloomberg learned about Gazprombank’s rejection of gas payments for Germany and Austria – these and other important news for Thursday morning, April 28, in our daily review. The world economy is facing its worst price crisis since the 1970s, World Bank experts […]

The Russian stock market started today’s trading with a steady growth on the back of improving external stock market conditions and relative calm in the Western rhetoric regarding sanctions against the Russian Federation in connection with the special operation in Ukraine. The MosBirch index rose by 1.15% to 2452.25 points during one minute of trading. […]