Oil prices are rising on Wednesday morning after Tuesday’s decline as investors assess the coronavirus situation in China and US fuel inventory data. Oil stocks in the United States last week fell by 3.5 million barrels, the American Petroleum Institute (API) reported the day before. Analysts expected a more moderate reduction – by 800 thousand […]

The European Union plans to ban the import of all Russian oil, both crude and refined, said the head of the European Commission Ursula von der Leyen. About it writes Reuters. According to von der Leyen, the EU intends to abandon the supply of Russian crude oil within six months, and the import of refined […]

The Board of Directors of Aeroflot has approved an additional issue of up to 5.4 billion shares at a price of 34 rubles. 29 kop. per share, follows from the data on the portal of corporate information. “The news for Aeroflot shareholders is moderately negative, but there should be no pronounced reaction, as the additional […]

The dollar declined in early European trading on Wednesday ahead of the U.S. Federal Reserve’s latest interest rate decision; and the market is cautious ahead of the event, which led to narrow trading ranges. At 03:00 Eastern Time (07:00 GMT), the dollar index, which tracks its exchange rate against a basket of 6 other currencies, […]

Going public in India Life Insurance Corporation, whose 3.5% stake the country’s government intends to sell for about $2.74 billion, promises to be the largest IPO in the country’s history and an indicator of foreign investors’ interest in India, writes CNBC. LIC manages about two-thirds of the life insurance market in India. The initial public […]

Natural gas prices in the U.S. have soared more than 18% over the past three sessions to a 14-year high, RBC reported. On the back of strong demand, the exchange price of gas continues to rise after growing by almost 30% in April. And over the past year, quotations of U.S. Henry Hub gas have […]

Volkswagen’s profit after taxes in the first quarter of 2022 jumped by 96.9% to € 6.72 billion, according to the company’s press service. At the same time, revenue for the quarter amounted to € 2.74 billion against € 2.38 billion a year earlier. The company confirmed its forecast for annual revenue growth in the range […]

India is looking for opportunities to buy Russian oil at a price below $70 per barrel and is negotiating with the Russian authorities, The Economic Times reports citing sources. As noted, so in the republic want to compensate for the risks associated with sanctions restrictions. “Russian oil flows to India are not subject to sanctions, […]

The OPEC cartel, which has struggled for many months to restore to the market oil supplies that dwindled during the pandemic, actually failed to increase production in April, as its members are still short of capacity, Bloomberg writes. And while Iraq has made significant production gains, countries such as Libya and Nigeria have seen their […]

At Berkshire Hathaway’s shareholder meeting last Saturday, May 1, in Omaha, Nebraska, billionaire investor Warren Buffett repeated his famous mantra that “One of the surest ways to protect against inflation is to upgrade your skills and strive to become the best in your field.” It is useful skills, not currency, that Buffett believes is the […]

On May 4, Uber Technologies Inc (UBER) reported a Q1 loss of $5.9 billion ($3.04 per share), compared to a loss of $108 million (6 cents per share) a year earlier. The company attributed $5.6 billion of that loss to its investments in stakes in Grab Holdings Ltd. (GRAB), Aurora Innovation Inc. (AUR) and Didi […]

The Bank of England at the end of the May meeting on Thursday may raise the key rate for the fourth time in a row – from the current 0.75% to 1% – amid persistently high inflation, economists and analysts believe. In case of this decision, the rate will reach the maximum value since the […]

U.S. stock indexes soared about 3% yesterday, the best daily gain since 2020, The Wall Street Journal reported. The Dow Jones Industrial Average rose 932.27 points (2.81%) to 34061.06 points. Leading the rise were shares of Honeywell International Inc. up 4.5%, Caterpillar Inc. and 3M Co. – up 4.2%. The Standard & Poor’s 500 jumped […]

U.S. Coca-Cola Co, the world’s largest soft drink maker, may leave the Russian market, the company’s head James Quincy has admitted. Quincy said at the CEO Council Summit event organized by The Wall Street Journal that Coca-Cola may come to the point where its business in Russia “will completely disappear” if the conflict in Ukraine […]

European aerospace corporation Airbus SE’s net profit rose 3.4 times to €1.22 billion in the first quarter of 2022 from €362 million in the same period a year earlier. Earnings per share rose to €1.55 from €0.46. Airbus said in a press release that earnings excluding interest and tax payments (EBIT) rose 3.1 times to […]

Today’s trading in the Russian stock market started in the major on the background of improving external stock and raw materials conditions on the signals of the U.S. Federal Reserve on the gradual tightening of monetary policy. The MosBirch index rose by 1.03% to 2,397.61 points during one minute of trading. The RTS index jumped […]

Investors have sued Netflix for compensation for falling stock prices, and Warren Buffett’s holding company has increased its stake in oil company Occidental – these and other important news for the morning of Thursday, May 5, in our daily review. A Texas-based investment fund has sued the streaming video company on behalf of Netflix shareholders […]

Stock indices in the Asia-Pacific region were mostly up on Thursday morning, with gains in U.S. stocks and bonds providing support to the market. Investors breathed a sigh of relief after the US Federal Reserve’s latest monetary policy decision came as expected and averted fears of a larger-than-expected rate hike. China’s Shanghai Composite index was […]