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Invest News

A collection of 136 issues

JPMorgan raises China's GDP growth forecast for 2023

Analysts at investment bank JPMorgan on Thursday raised its 2023 GDP growth forecast for China by 30 basis points to 4.3 percent due to easing quarantine regulations in the world's second-largest economy, Reuters wrote. The bank also lowered its 2022 economic growth forecast for the country to

The most expensive private company in the U.S. was named

U.S. businessman Ilon Musk SpaceX offered private investors to buy shares of $ 77 a piece, Bloomberg reported citing sources. Thus, this is the most expensive private U.S. company with an estimated capitalization of $ 140 billion. In the summer, Musk's company was valued at $127 billion. Sources

Russia increased oil production before the embargo

Russia Increased Oil Production by Two Percent Before Embargo Russia before the introduction of the EU embargo was able to increase oil production by two percent in November, to almost 1.49 million tons per day, Kommersant wrote, citing a source familiar with the statistics. Since the beginning of the

The EU intends to conquer the market for electric cars

The European Union should offer more support to car manufacturers and component suppliers in Europe. This is necessary to create our own electric cars that can compete with products from the U.S. and China, said Emmanuel Macron.

Russian companies receive from China up to 40% of defective microchips,Kommersant writes, citing a source in the Russian electronics market.

The reason: parallel imports, and as a consequence, the refusal of official Chinese suppliers to work with Russian buyers.

Tesla shares fell amid worse-than-expected sales report

The company reported record shipments of electric cars in the third quarter, but the figure fell short of analysts' forecasts In trading on Monday, October 3, on the pre-market NASDAQ, shares of U.S. electric carmaker Tesla fell 6.5% to $248 per share. By 1:42 p.m.

Denis Manturov, candidate for the post of Deputy Prime Minister, stated the need to abandon the market industrial policy

"It is necessary to make a turn from the market industrial policy to the policy of technological sovereignty," he said. Imported machinery and equipment should be gradually displaced, Manturov urged.

Life on the coast is losing popularity: Migration from California accelerated because of the COVID-19 pandemic

Long-term migration from California accelerated during the Covid-19 crisis, according to a study by the Federal Reserve Bank of Chicago. The main destinations are Texas, Washington and Florida. Migration is occurring in sync with the relocation of the headquarters of major companies. For example, Tesla Inc. and Oracle Corp. have

Russia's decision on the Sakhalin-2 project does not mean the end of LNG supplies - Japanese Prime Minister

Earlier Putin instructed to transfer the property of Sakhalin Energy into the ownership of the Russian Federation. The Russian Cabinet of Ministers will set up an LLC to which all rights and obligations of Sakhalin Energy Investment will be transferred.

State Duma passed a law on the process of converting depositary receipts into shares, - report of the Bank of Russia

The adopted law will allow holders of depositary receipts to be guaranteed to keep their investments and convert them into the underlying asset - Russian shares. Conversion will take place automatically, later the Bank of Russia will determine the date and procedure for its implementation. Conversion will be carried out