The volume of investments in the Moscow economy in 2022 has increased by more than 30%, the pace has increased, said the head of the Department of investment and industrial policy of the capital Vladislav Ovchinsky. “Over the past four months, the volume of investment in the real economy has increased. If last year we […]

American electric car maker Tesla (NASDAQ:TSLA) reduced deliveries in the second quarter by 18% compared to the previous three months – to 254.695 thousand, according to the company’s press release. This included Model S and Model X deliveries totaling 16,162k, Model 3 and Model Y deliveries totaling 238,533k. Negative factors were the continuing problems in […]

Every second resident of Germany is afraid of freezing in the coming winter due to the reduction of Russian gas supplies and inflation in the European Union, the German edition of Bild reports with reference to the INSA survey data. The majority of respondents – 75 percent – called the price increase a heavy or […]

During today’s trading, the US dollar is slightly cheaper against the euro, appreciating against the yen. Calculated ICE index, showing the dynamics of the dollar against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona), is down 0.02%, the broader WSJ Dollar Index – by 0.04%. As of 9:07 a.m. Moscow […]

French Schneider Electric has signed a binding agreement on the sale of assets in Russia to local management, the company reported. The deal is yet to be approved by regulators, the report specifies. As recalled in the company, since February 24, all new investments, as well as deliveries to Russia and Belarus were suspended. The […]

Standard Chartered’s wealth management division is maintaining a bearish stance on the US dollar for six to twelve months as they sense an important turning point in global currency markets is approaching. The UK-based, Asia-focused lender meanwhile upgraded its stance on UK equities, saying they are now offering good value and exposure to the commodities […]

Friday’s U.S. jobs report and Wednesday’s minutes of the Federal Reserve’s June meeting are expected to be the main events this week, shortened by a holiday, amid concerns about the prospect of a recession. Stock indexes in the U.S. are entering an uncertain third quarter after the worst first half of the year since 1970, […]

Bezos and the White House argued over Biden’s calls for gas station owners to lower prices, and the dollar and euro rose by 2 rubles on the Moscow Exchange – these and other important news for Monday morning, July 4, in our daily review. Amazon (NASDAQ:AMZN) founder Jeff Bezos accused the White House of not […]

Many major countries will enter recession over the next 12 months amid tightening government policies and rising living costs, pushing the global economy into a synchronized slowdown, analysts at Nomura Holdings Inc. believe. According to their forecasts, the US, UK, Japan, South Korea, Australia, Canada and the euro zone may face recession. At the same […]

The daily increase in new cases of coronavirus infection in the Russian Federation amounted to almost 2.9 thousand cases, more than 500 people were hospitalized, 43 patients with COVID-19 died, follows from the data of the operational headquarters, released on Monday. “As of July 4, 2,866 new cases of COVID-19 have been detected in the […]

Oil prices are changing multidirectionally. Meanwhile, supply concerns persist in the market, overshadowing worries that a recession in the global economy will hit energy demand, Trading Economics writes. The Norwegian Oil and Gas Association launched a strike at oilfields on Tuesday. According to estimates of the organization, oil production in the country in this connection […]

The US dollar is getting cheaper against the euro, but is showing growth against the Japanese yen. Meanwhile, the dollar ICE index is near its highest level since December 2002, as market participants expect the US Federal Reserve (Fed) to continue raising rates at an aggressive pace to combat rising inflation, which will support the […]

A recession in the U.S. economy is not the baseline scenario of experts at Goldman Sachs Group Inc. (NYSE:GS), Gurpreet Gill, who is in charge of global fixed income strategy at the bank, said on Bloomberg Television. Monetary tightening in the U.S. is likely to continue, and a technical recession, that is, a decline in […]

The global rise in energy prices is beginning to negatively affect the volume of demand, according to the head of the Asian business of the world’s largest oil trader Vitol Mike Mueller. Consumers are being hit by rising prices for gasoline, diesel and other products, Mueller noted on the Gulf Intelligence podcast. “There’s very clear […]

Quotes of gold futures rose during Asian trading on Tuesday. On COMEX, a division of the New York Mercantile Exchange, gold futures for delivery in August are trading at $1.00 per troy ounce, up 0.55% at the time of writing this commentary. The maximum of the session was at $1.00 per troy ounce. At the […]

In Canada, a growing number of companies expect the country’s inflation rate to remain well above 2% for 3 years or more, with a third of firms planning to substantially increase the prices of their products to customers, a quarterly Bank of Canada survey showed. Nearly half of the companies surveyed, or 47%, expect to […]

Workers of a number of companies in the extractive industry in Norway went on strike, demanding higher wages. The suspension of work of the companies will reduce oil production. The workers demand higher wages to compensate for rising inflation. The Norwegian government said it was closely monitoring the conflict and was ready to intervene to […]

Potanin said he agreed to discuss a merger between Nornickel and UC Rusal (MCX:RUAL), and the authorities revived an initiative to ban currency-linked contracts – these and other important news for Tuesday morning, July 5, in our daily review. “Norilsk Nickel, the world’s leading producer of palladium and high-grade nickel, has agreed to return to […]