Topic

Economics News

A collection of 554 issues

Shareholders mixed up the companies again

Putin said the Russian Federation would support the Zvezda shipyard to build LNG tankers. A company with a similar name trades on the MosExchange, but which produces high-speed diesel engines, but not shipbuilding in any way. Zvezda stock is up more than 15% today after the news broke. A similar

The heat in St. Petersburg set a second consecutive daily record - Interfax

The air in the northern capital warmed to plus 30.6 degrees on Thursday. The previous high, set in 1941, was 0.7 degrees below yesterday's temperature. On Wednesday, August 17 in St. Petersburg also updated the daily temperature record. Thermometers showed plus 30.1 degrees, which is

FinEx plans to buy units of its funds from Russian investors, - RBC Investments

FinEx plans to obtain a special license from the Belgian Ministry of Finance in order to buy back assets blocked from non-sanctioned Russian investors due to the NSD - Euroclear bridge breach. The request for such an opinion (license) will be sent separately from NSD's application, which may

Core U.S. retail sales higher than forecast in July: U.S. economy still standing strong

The index was 0.4%, while analysts predicted a 0.1% decline. The core retail sales index does not include automobiles. Today's numbers show that U.S. consumers are feeling confident. Demand in the economy remains strong despite record inflation. This is a negative for the stock market

Ministry of Economic Development improved expectations for the fall of the economy and incomes of russians

According to the project, the GDP will decrease by 4.2% in 2022. Back in May, the agency forecasted a 7.8% contraction of the economy in the baseline scenario. Next year the recession will be deeper than the Ministry of Economic Development expected in May - 2.7% against

Vacations for russians went up by 50%.

The gradual recovery of demand for organized trips abroad has led to a sharp increase in the cost of tours in the Velvet season. Citizens will have to spend on average one and a half times more than a year ago. We are talking mostly about trips to Turkey.

The court fined Twitch 2 million rubles for publishing a video about Bucha

"Twitch should be blocked before the start of the new school year to protect schoolchildren from forbidden content," said Ekaterina Mizulina, director of the Safe Internet League and member of the Public Chamber of the Russian Federation.

Gazprom admits that winter gas prices in Europe could exceed $4,000 per thousand cubic meters

The company summed up the results of gas production and supplies since the beginning of the year - Production decreased by 13%, to 274.8 bn cu.m. Domestic deliveries were down -2% YoY to 3.6 bln cubic meters, with non-CIS countries sadder: -36.2% YoY to 78.5

Premium headphones in Russia may run out by the end of the quarter - Kommersant

Sennheiser, Marshall, and Sony left Russia after the start of the SWOs. Other companies have not publicly announced the suspension of supplies, but they still stopped shipping products. Marketplaces hope for parallel imports. However, the imported products often turn out to be counterfeit. And import substitution products are not yet

By the end of the year from the market voluntarily and forcibly may leave 15-20 Russian banks - Forbes

The reduction of players will occur at the expense of small and weak banks. For comparison, since the beginning of 2022, five banks left the market, in 2021 six players left voluntarily and 26 were forced to leave.