The US Treasury Department’s Office of Foreign Assets Control (OFAC) has published a new general license dated March 24, which effectively removed Russian mineral fertilizers from possible sanctions. They have been added to the list of essential products along with agricultural products, medicines and medical devices, according to Kommersant. According to the publication’s sources, the […]

In his annual letter to investors, Pershing Square (NYSE:SQ) hedge fund head Bill Ackman said Tuesday that his firm has permanently stopped engaging in activist short-selling and its quieter constructive endeavors don’t raise as much of a fuss as the fight against Herbalife, Business Insider writes. Known for its “crusade” several years ago against dietary […]

The 1,234-kilometer Nord Stream 2 offshore pipeline was designed to double gas supplies between Russia and Germany, but with its completion last September, the German energy regulator suspended the certification process in November and froze it altogether in February, CNBC writes. This massive $11 billion energy project, the laying of which began back in 2018, […]

U.S. President Joe Biden is scheduled to speak on Thursday, and in particular, he will talk about a plan to curb the sharp rise in oil prices, including the release of about 1 million barrels of oil per day from the strategic reserve for several months, CNBC writes. Biden is considering releasing up to 180 […]

Net profit at China’s largest oil and gas company PetroChina (SS:601857) Co. rose 4.8 times to 92.17 billion yuan ($14.52 billion) in 2021 from 19.01 billion yuan a year earlier, the company said in a press release. The figure was a record since 2014. Its rise was largely fueled by a jump in oil prices […]

European stock indices rose on Thursday, capping a tumultuous month as investors keep a close eye on developments in the Ukraine-Russia conflict as well as volatile energy prices. By 03:40 am ET (07:40 GMT), Germany’s DAX index was trading 0.5% higher, France’s CAC 40 was up 0.3% and Britain’s FTSE 100 was up 0.2%. The […]

Russian President Vladimir Putin has signed a decree on gas payments in rubles to unfriendly countries (involved in sanctions pressure on Russia), RIA Novosti reported. According to the document, if unfriendly countries do not pay for Russian gas in rubles from April 1, Moscow will consider it a failure to fulfill its obligations under gas […]

US President Joe Biden is set to announce a massive release of oil from the Strategic Petroleum Reserve in an attempt to lower gasoline prices by the medium term. OPEC will meet with Russia and other allies and is thought to be just a little “tap open”. U.S. personal spending and income data are expected, […]

Russian airlines offered the government 98 measures to support the industry, and the Ministry of Finance reported on the repurchase of $1.5 billion worth of Eurobonds for rubles – these and other important news for Friday morning, April 1, in our daily review. The release of up to 180 million barrels of oil from the […]

The paying agent has received funds as part of coupon payment and partial redemption of sovereign Eurobonds “Russia-2030”, reported the RF Ministry of Finance. This is an issue with an amortization structure, on the market Eurobonds “Russia-2030” appeared as a result of restructuring of debts of the former USSR to the London Club member countries […]

The Bank of Russia has eased restrictions on some transfers of funds of individuals abroad, but retained the ban on transfers of funds for non-residents from countries that support sanctions. According to the regulator, for the next six months new thresholds will be set for the amount of funds transferred abroad. During a calendar month […]

The US dollar is strengthening against the euro, yen and pound sterling in trading on Friday. Traders continue to assess geopolitical factors, as well as problems restraining economic growth in China, and are still set on risk aversion, IG experts note. In the center of market attention on Friday is the March data on unemployment […]

GameStop Corp (NYSE:GME) shares soared in over-the-counter trading, adding about 17% after the company announced plans to pursue a split. The video game retailer said it will seek shareholder approval for such a resolution at its next meeting. It plans to increase the number of Class A common shares from 300 million to 1 billion […]

From March 14, when bitcoin was worth less than $37k, to the 2022 high of $48,160 reached on March 28. BTC was on a steady bullish course, but then it hit a technical hurdle and had a sharp correction on Thursday that sent the cryptocurrency back below the key $45k support level. BTC/USD never managed […]

Russian companies, whose depositary receipts are traded on Western financial markets, will have to return to the Russian stock market, unless the government makes “another decision”, the head of the Ministry of Economic Development Maxim Reshetnikov said at a briefing. Interfax writes that. “Our Russian shares, Russian issuers, unless the government makes a different decision, […]

The Financial Times writes that Russia has managed to stabilize the ruble and prevent a financial collapse despite unprecedented sanctions pressure. At the same time, the publication believes that Moscow was able to do this artificially, with the help of “draconian” capital controls and a ban on sales of Russian assets by foreign investors. The […]

Depository receipts of Fix Price retail chain (MCX:FIXPDR) grew by more than 37% in afternoon trading on Friday, April 1. At the time of preparation of the material the growth slowed down to 20.15% and 480.6 rubles. Fix Price listed on the London and Moscow stock exchanges on March 10 at the upper boundary of […]

Nearly half a million jobs are expected to reappear in the U.S. in March as the rising cost of living forces passive workers back into the labor market. Eurozone inflation hit a record high and manufacturing slowed sharply as the effects of the special operation in Ukraine first showed up in economic data. The US […]