Following the European stock exchange and commodity market quotes sovereign Eurobonds significantly “proseli at auction on Wednesday, June 17. Price issuance Russia-30 (YTM 7.75 per cent) decreased by about 1 percentage point – Up to 98.5 per cent of the nominal value. In doing so, its spread to UST has become more than 400 bp Read more
The past year was very difficult for the world financial system. Banks of most of the world’s developed and developing countries suffered huge losses, and in some cases, it took even the intervention of the authorities in order to prevent their bankruptcy and collapse of the banking system, transmits Reuters. Of course, large-scale crisis plans Read more
Construction of new homes in the United States increased by 17.2% in May 2009 – up to 532 thousand units compared with the previous month. Such data is written in the report of the Ministry of Commerce (US Department of the Treasury). Experts predicted that the value of the indicator would be at the level Read more
Commercial stockpiles of crude oil declined by 1.262 million barrels for the period from 5 to 12 June 2009 in the United States, says the report of the American Petroleum Institute (American Petroleum Institute, API). Reserves of heavy distillates grew by 881 thousand barrels. According to the report of API, oil reserves of energy in Read more
Stock trades in the United States culminated with the decline of leading indices on June 16 2009. The conflicting data of macroeconomics, as well as disappointing corporate news warn investors that the long-awaited economic recovery will not come as soon as expected. Even before the opening of the trading session, the U.S. Department of Commerce Read more
The possibility of the bankruptcy of the German automaker Opel is still there. This statement was made by the Minister of Economy of Germany Gutenberg. “All of this can still happen” – he said. Previously, Karl-Theodor zu Gutenberg has repeatedly stated that the acquisition of the German automaker Opel by Magna International Inc. carries many Read more
The price of gold on the Stock Exchange of New York (COMEX) fell to its lowest level over the past three weeks and settled on the basis of trades below U.S. $ 930 per ounce on June 15. Thus, the official price of gold on COMEX in relation to its active futures (August) became 927.5 Read more
The American auto giant asks his German «daughter» not for money, but for the agreement on investment. As reports Financial Times, referring to informed sources, GM can give the majority of stake of Opel and British Vauxhall, as well as of the Swedish brand Saab to an investor who will promise to invest at least Read more
In the midst of the global financial crisis, all eyes and all hopes of the world’s automotive industry are turned to the Shanghai auto show. This is not surprising, given that China is now one of the most promising automobile markets. Companies that suffer losses in their homeland, earn profits in China. Everywhere where a Read more
The volume of retail sales in the United States grew by 0.5% in May 2009 compared with that of April and amounted to 339.99 billion dollars. Such data was released on Thursday, June 11, by the US Department of Commerce. Analysts had expected that this figure would increase by 0.6%. In annual terms, retail sales Read more
Tomorrow we will know the outcome of the issue of Alliance Oil Company shares in the amount of 100 million dollars and placement of convertible bonds of 225 million dollars. Alliance Oil, which is controlled by the family of the President of Group «Alliance» Musa Bazhaeva became the first Russian company that went to a Read more
Russian foreign trade turnover in January-April 2009 decreased by 45.3% compared to that of the same period last year and amounted to $ 124.3 billion, says the message of the Federal Customs Service. Foreign trade turnover with foreign countries amounted to $ 106.3 billion (down 45.1%), and with the CIS countries – 18 billion (down Read more
It is expected that the winter Olympic Games in Sochi in 2014 will be clean and «green». Its organizers have committed themselves to the proper disposal of waste, economic usage of water and electricity, the observance of cleanliness and careful attitude to the environment in general. The United Nations Environment Program (UNEP) signed a Memorandum Read more