Hermès sales rose sharply in the second quarter, driven by solid growth in Europe and the United States, and a strong rebound in China in June, the Birkin bag maker said on Friday. ....
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Moscow Exchange and RTS indices fell within 0.5% at the start of trading
Trading on the Russian stock market opened on Friday with a decrease in the prices of most blue chips amid mixed signals from external sites, the Moscow Exchange and RTS indices sank 0.1-0.5% per...
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EU sanctions against Alfa-Bank will not affect its usual work
The sanctions imposed by the EU against Alfa-Bank will not affect its usual work. Visa and Mastercard payments are available worldwide, currency transfers are unlimited, the bank’s press service said on Saturday. “Alfa-Bank is...
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Samsung increased quarterly revenue by 23%, net profit – by 15%
South Korean electronics manufacturer Samsung Electronics Co. in the second quarter of 2022 increased revenue by 23%, net profit – by 15%. The company’s revenue for the reporting period rose to 77.2 trillion South...
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Orpea shareholders approve the renewal of the board of directors
The shareholders of Orpea, meeting in general meeting, approved Thursday the appointments of five new directors, including that of the former boss of the SNCF, Guillaume Pepy, who will head the board of directors...
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Singapore imposes a ban on the operations of a number of Russian banks – Foreign Minister
Singapore authorities impose a ban on financial transactions of some Russian banks. Foreign Minister Vivian Balakrishnan announced this on Monday in Parliament. „Singapore intends to block some Russian banks and financial transactions related to...
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TotalEnergies’ huge profits revive the debate on „superprofits”
TotalEnergies made huge profits in the second quarter, taking full advantage of the rise in oil and gas prices, which followed Russia’s invasion of Ukraine, and reviving the debate on the taxation of „superprofits”....
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The Minister of Ecology of Italy does not expect radical gas savings in the industrial sector
Italy will not need in the foreseeable future to introduce radical measures to save gas consumed by industrial enterprises, Minister of Environmental Transformation Roberto Cingolani said on television. „In the short term, in 2022...
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The Central Bank introduces new relaxations for banks to comply with the limits of open currency positions
The Bank of Russia introduces a temporary relaxation in relation to the observance by credit institutions of the size (limits) of open currency positions, the press service of the regulator reports. „The Bank of...
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FED WILL HAVE TO HIKE 50 BPS AT EACH MEETING IN THE REMAINDER OF THIS YEAR – RABOBANK
“The FOMC is now fully data dependent and doesn’t want to pre-commit, opening the door wide for further volatility in the front end of the curve,” analysts at Rabobank explain. ADDITIONAL QUOTES: “There are...
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