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Friday, November 22, 2024 Key Economic Events
... in industrial prices can impact the Canadian dollar and commodity markets.
Corporate Earnings Reports
Alibaba Group (BABA):
The quarterly earnings report will shed light on trends in the Chinese e-commerce sector, potentially influencing global tech market sentiment.
PetroChina (PTR):
As a major player in the energy sector, its financial results will provide insights into global oil demand and pricing trends.
Deere & Company (DE):
Reporting on agricultural machinery sales, these results could indicate the state of global agricultural investments.
Impact on Europe and the U.S.
European Markets:
Robust PMI data from Germany and ...
Japan Lifts Restrictions on Hybrid Car Exports to Russia: Market Impact and Investment Prospects
... returns on investments.
Companies and individual investors should consider the changes in the market and the opportunities they may present.
Sergey Tereshkin, Founder and CEO of the first independent marketplace for oil products and raw materials
OPEN OIL MARKET
Why IPO is a Trend for Russian Business and What to Expect in 2025
...
Lack of Stable Profitability: Some companies at the IPO stage may not yet have achieved sustainable profitability.
Geopolitical Instability: Sanctions and restrictions may reduce interest in Russian stocks in international markets.
Comment from Open Oil Market
Sergey Teryoshkin, founder of Open Oil Market, notes:
"The growing popularity of IPOs indicates that Russian businesses are adapting to new conditions, finding ways to attract capital domestically. This is particularly relevant in an environment ...
Growth of the Wealth of the Richest Businessmen in Russia in 2025: A Detailed Analysis of Capital Dynamics
... superprofits for their owners:
Vladimir Potanin
–
+$2.5 billion
, totaling $30.4 billion; a positive trend was aided by a nickel shortage in the global market.
Alexey Mordashov
–
+$2 billion
(up to $25 billion) due to diversification of export markets and domestic demand for flat-rolled products.
Vagit Alekperov
–
+$1.2 billion
, resulting in $26.5 billion; support came from high prices for Urals crude oil.
Leonid Mikhelson
–
+$1.5 billion
, nearly $24 billion; substantial growth was driven by long-term LNG contracts in Asia.
5. Factors Accelerating Wealth Growth
5.1 Capital Markets
Russian indices ended the first half of the year in positive territory: ...
Strong energy bonds
... Yamal LNG plant, with a total capacity of 17.5 million tons per year, was launched in phases between 2017 and 2021. It is the largest energy project in Russia involving Chinese companies over the past decade, according to Sergey Tereshkin, CEO of Open Oil Market. The Export-Import Bank of China and the China Development Bank financed the project.
Without the participation of Chinese banks and investors, the project would have been unlikely to proceed, as Russian companies faced challenges accessing ...