Joseph Branch

Joseph Branch

Goldman Sachs has allowed another Fed rate hike, - MarketWatch

The US quarterly reporting season turned out to be surprisingly positive: about 74% of companies from the S&P 500 list reported profits above forecasts. Analysts of the agency see the possibility of a new rate hike, but in a more measured mode. Analyst Kolanovic, who correctly predicted the

U.S. Congress Speaker Nancy Pelosi to Begin Tour of Asia July 29 - RIA

No decision has yet been made on a possible trip to Taiwan, NBC reported. Biden believes he cannot advise Pelosi on whether or not she should go to Taiwan, the White House said.

Yandex has found an alternative to the American and European markets

The company's ability to develop in Europe and the United States was limited, so the IT giant is exploring a new area of expansion. The holding strengthens its presence in Latin America. The region's technology sector began to develop actively during the pandemic, and in the

O'K takes off in trading after strong report

O'Kay's GDRs were up 23.5% at the opening, with the retailer showing retail revenue growth of 11.5% year-on-year in Q2, amounting to 49.562 billion rubles. Revenue from O'Kay hypermarkets decreased by 1.7%, to 35.414 billion rubles, while revenue from

Retailers drag the Russian market - Magnit momentarily +3.2% after the publication of operating results

We shall highlight the main results of the report on Q2 2022: the revenue grew by almost 40% YoY to 588.6 bln. rubles, the average bill added 15% YoY, the selling space is also growing, adding almost 20% YoY to 9259 ths. sq. m. Comparable sales (LFL) increased by

Chinese Foreign Ministry opposes the proposed U.S. sanctions against China for the purchase of Russian oil and energy resources

Earlier, U.S. senators led by Marco Rubio called on the authorities to impose sanctions on the sale of Russian oil and other energy resources to China. Cutting off Russian oil supplies to China could lead to tougher competition for oil from the Middle East and Africa by Beijing, potentially

FAS Russia imposed turnover fines on 7 major suppliers of rolled steel

The reason was the conclusion of anti-competitive agreements in order to maintain prices at tenders. The total fine amounted to 1.77 billion rubles. The following companies were involved in the proceedings: Steel Industrial Company JSC, Metal Rolling Service Center LLC, Enterprise Stroytechcenter LLC, A Group LLC, Uralmetallstroy LLC, Completion

Russian exports rose 20% YoY in the second quarter of 2022 - helped by high oil prices, - the Central Bank of Russia

At the same time, the volume of exports fell by 59% due to sanctions. Russian Urals oil in the second quarter was sold at $80 per barrel, which is 18% higher than last year. The next tax period may have a strong impact on the ruble exchange rate. Given the

Russian schools will begin to teach financial literacy - TASS

Elements of financial literacy in Russian schools will be included in the lessons of mathematics, social studies and the environment. For this purpose, the Bank of Russia has developed more than 70 lesson scenarios.

China suspended the work of the company assembling iPhones in Shenzhen

Cnooc is closed due to covid restrictions, the regulator said. These restrictions will introduce new disruptions in supply chains and exacerbate shortages, leading to higher prices.