Oil futures fell below $100 a barrel
Oil futures fell sharply on Tuesday as prices fell below $100 a barrel, their lowest level in more than two months. This came under pressure from a stronger US dollar…
Indices ended trading at the highs of the day
The stock market started Tuesday’s session on concerns about future economic growth. By the end of the day, these fears gave way to a sense of relief about a possible…
US may ease tariffs on Chinese goods
The Biden administration continues to consider various options for tariffs on Chinese goods, the White House said Tuesday. Prior to this, the administration announced that it would soon cancel some…
Global Cord Blood worsened quarterly results
Global Cord Blood Corporation (NYSE: CO) reported a decline in Q4 earnings compared to last year. The company’s profit was 104.72 million yuan (0.86 yuan per share), compared with 127.73…
Amazon to acquire a stake in Grubhub
Retailer Amazon.com Inc. (NASDAQ:AMZN) will acquire a stake in Grubhub, whose business has merged with Just Eat Takeaway.com (TKWY), and will offer its Prime users in the US an annual…
MTS entered a joint venture for the development of 5G in Russia
MTS entered the capital of New Digital Solutions LLC, a joint venture for the development of 5G in Russia by telecom operators Rostelecom, Megafon and Vimpelcom. MTS, before other Russian…
Shell plans to launch EU’s largest green hydrogen plant in Holland
Shell Nederland BV and Shell Overseas Investments BV, subsidiaries of Shell plc (NYSE: SHELL), will build Europe’s largest renewable hydrogen plant, Holland Hydrogen I, in the Netherlands. Commissioning is scheduled…
Polyus shares fall for the third session in a row
Polyus shares are falling for the third trading session in a row. On July 4, the shares fell by more than 7%, and by 17:35 Moscow time they are getting…
Rusal shares soared 22% after news of a possible merger with Norilsk Nickel
Shares of Rusal (RUAL) soared 22% at the opening of trading after the news that the head of Norilsk Nickel (GMKN) Vladimir Potanin agreed to start negotiations on the merger…
Tesla plant near Berlin will go on a two-week break
On Monday, TeslaMag reported that the Tesla (NASDAQ: TSLA) plant near Berlin will take a two-week break from July 11. According to German media, Tesla management believes that the Berlin…