Regional News

25.03.2020

Russian grain farmers emerge as surprise winners in global economic turmoil

The devaluation of the ruble and relatively high grain prices have bolstered Russian farmers’ confidence, with the average price for wheat on the domestic market soaring by 1,000 rubles ($12.3) reaching almost 13,300 ($164.6) per ton over the week, Kommersant writes.

The primary reasons for the spike in grain...

The devaluation of the ruble and relatively high grain prices have bolstered Russian farmers’ confidence, with the average price for wheat on the domestic market soaring by 1,000 rubles ($12.3) reaching almost 13,300 ($164.6) per ton over the week, Kommersant writes.

The primary reasons for the spike in grain...

25.03.2020

UBS starts purchasing Rosneft stocks on the open market

In accordance with the Board of Directors of the Rosneft Oil Company decision amending the terms the share buyback Programme, UBS acting as an independent bank-agent started to purchase Company stocks and depositary receipts on the open market.

On March 23, 2020 at the close of trading on the Moscow...

In accordance with the Board of Directors of the Rosneft Oil Company decision amending the terms the share buyback Programme, UBS acting as an independent bank-agent started to purchase Company stocks and depositary receipts on the open market.

On March 23, 2020 at the close of trading on the Moscow...

25.03.2020

Russian stocks, currency start crawling out of slump

The Russian rouble firmed on Tuesday as it priced in some recovery in oil prices, but remained near four-year lows amid a deteriorating economic outlook as the coronavirus outbreak continued to spread.

At 0734 GMT, the rouble was 0.9% stronger against the dollar at 78.88, trading near its weakest since late...

The Russian rouble firmed on Tuesday as it priced in some recovery in oil prices, but remained near four-year lows amid a deteriorating economic outlook as the coronavirus outbreak continued to spread.

At 0734 GMT, the rouble was 0.9% stronger against the dollar at 78.88, trading near its weakest since late...

25.03.2020

China’s stock markets continue recovery as yuan appreciates

Chinese equities rose on Tuesday, tracking a regional rally after the U.S. Federal Reserve unleashed a barrage of support measures to ease a global cash crunch, although a sharp rise in new coronavirus cases in China checked gains.

At the midday break, the Shanghai Composite index was 1.48% higher at 2,699.43...

Chinese equities rose on Tuesday, tracking a regional rally after the U.S. Federal Reserve unleashed a barrage of support measures to ease a global cash crunch, although a sharp rise in new coronavirus cases in China checked gains.

At the midday break, the Shanghai Composite index was 1.48% higher at 2,699.43...

25.03.2020

China vows more financial assistance to boost foreign trade

China will strengthen financial support to its border and cross-border economic cooperation zones to create better condition for companies to resume production, as well as foster fresh momentum for foreign trade growth, according to the Ministry of Commerce.

Government departments and policy banks will provide guidance and financial support to companies...

China will strengthen financial support to its border and cross-border economic cooperation zones to create better condition for companies to resume production, as well as foster fresh momentum for foreign trade growth, according to the Ministry of Commerce.

Government departments and policy banks will provide guidance and financial support to companies...


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