China’s top leadership gave no indication this Friday of any imminent relaxation of its zero-tolerance policy for the spread of the omicron strain COVID-19, CNBC writes. Against this backdrop, some businesses have resumed production in Shanghai and northern China. But the country’s capital, Beijing temporarily closed a major luxury shopping mall and minor businesses in […]

Germany is ready to stop buying oil from Russia, according to the US newspaper The Wall Street Journal. According to the newspaper, representatives of Germany in the EU have withdrawn the country’s objection to a full embargo on Russian oil, provided that Germany is given enough time to find sources of alternative supplies. German Economy […]

Members of the U.S. Senate Committee on Legal Affairs are likely to vote next week to approve a bill opening the door for Washington to sue oil-exporting countries, U.S. media reported. According to them, both Democrats and Republicans will vote in favor of the document at the vote, which is scheduled for next week. The […]

The stock market is expected to end April on a negative note as disappointing news from Amazon, Apple and Intel weigh on sentiment. The Chinese currency and stocks jumped as the Politburo promised more support for economic policy ahead of the long weekend. The U.S. will release personal income and spending data for March, while […]

Retailer “Magnit” in Q1 2022 received 10.905 billion net profit against 10.875 billion a year earlier (IAS 17 figures). EBITDA of “Magnit” increased by 36.1% to 37.662 billion rubles, the profitability of this indicator amounted to 6.9% against 7% a year earlier. Revenue increased by 37.7% to 547.708 billion rubles, Magnit said in a statement. […]

The U.S. stock market fell seriously on Friday. The three major stock indexes lost between 2.7% and 4.2%, ending the week and the entire month in decline. The Dow Jones Industrial Average fell 938 points, or 2.8%. The ongoing selloff in technology-related stocks sent the S&P 500 Index down 3.6%, while the Nasdaq Composite Index […]

Bloomberg said Gazprom’s gas exports fell to a three-month low, and Oleg Tinkov spoke about the bank’s sale – these and other important news for Monday morning, May 2, in our daily review. Tinkoff Bank founder Oleg Tinkov said he was forced to sell his stake in the bank “for pennies” after he made a […]

Pfizer’s COVID-19 treatment pill showed no significant statistical benefit when used to prevent the disease, according to the company’s press office. “In this study, compared to placebo, Pfizer observed a 32% and 37% reduction in the risk of coronavirus infection in adults who received Paxlovid for five and ten days, respectively, to prevent infection. These […]

Economists of the Russian Academy of Sciences named the risks for the labor market due to sanctions, and the EU announced the disconnection of new Russian banks from SWIFT – these and other important news for Tuesday morning, May 3, in our daily review. The EU is going to intensify cooperation with African countries to […]

Quotes of gold futures declined during Asian trading on Tuesday. On COMEX, a division of the New York Mercantile Exchange, gold futures for delivery in June are trading at $1.00 per troy ounce, down 0.07% at the time of writing this commentary. The low of the session was at $ per troy ounce. At the […]

The volume of gas production in Russia in January-April 2022 decreased by 0.4% compared to the same period of 2021 and amounted to 261.42 billion cubic meters, according to the operational summary of the Central Dispatch Department of the Fuel and Energy Complex. In April, the Russian Federation produced 61.15 billion cubic meters of gas […]

The U.S. stock market ended Monday trading with growth due to the strengthening of the technology, oil and gas and telecommunications sectors. At the time of closing on the New York Stock Exchange, the Dow Jones rose by 0.26%, the S&P 500 index rose by 0.57%, the NASDAQ Composite index rose by 1.63%. In the […]

The limit of the subsidized loan for the GAZ automobile plant has been increased from 10 billion to 20 billion rubles. The corresponding order was signed by Russian Prime Minister Mikhail Mishustin. The government website reports that “we are talking about a loan at a rate of up to 11% per annum, which is available […]

Austria is ready to participate in the embargo of oil from Russia if the relevant decision is taken by the European Commission, the country’s Minister of Climate, Environment and Energy Leonore Gewessler said. “So far there is no proposal from the European Commission, but Austria is ready to consistently participate in an oil embargo if […]

Pfizer released a report Tuesday with first-quarter results that beat analysts. The earnings figure exceeded estimates. The company reported earnings per share of $1.62, with revenues totaling $25.66B. Analysts surveyed by Investing.com had anticipated in forecasts that EPS would be $1.52 and total revenue would be $24.1B $ Pfizer’s stock price, down 5% this year, […]

Russian President Vladimir Putin has signed a decree “On the application of retaliatory special economic measures in connection with unfriendly actions of some foreign states and international organizations”. The document is posted on the official Internet portal of legal information. According to the text of the decree, federal government agencies, government agencies of the constituent […]

Sberbank has reduced the rates on the main deposits by 4 percentage points (p.p.), follows from the materials on the bank’s website. Now the maximum rate on deposits from Sberbank is 12%, while previously it reached 16%. For “SberVklad” rate when placing funds for 1-3 months is (11%) (previously 15%), 6 months – 9% (previously […]

At the morning session of the Hong Kong Stock Exchange quotations of Alibaba, whose founder is Jack Ma, fell by 9.4%. They ended the trades with a fall of 1.7%. The fall in securities began after the message of China Central Television that the authorities of Hangzhou on April 25, introduced restrictions on a man […]