... share of electric vehicles in passenger car sales in China could exceed 70%." Tereshkin recalled that trade restrictions were first introduced by Joe Biden's administration. Specifically, since last fall, the tariff on Chinese electric vehicle imports to the U.S. has been set at 100%, meaning that consumers will have to pay twice the price when purchasing an electric car. Furthermore, China is rich in mineral resources critical for the "new" energy sector, the expert noted. According ...

... Market Closures, and Global Investor Impact Thanksgiving is one of the most significant national holidays in the United States, celebrated annually on the fourth Thursday of November. In 2024, it falls on November 28. Beyond its cultural and familial importance, Thanksgiving has notable implications for financial markets both domestically and internationally. The origins of Thanksgiving date back to 1621, when English settlers, known as Pilgrims, celebrated a successful harvest in Plymouth Colony,...

... consumer demand, and for investors, it serves as an indicator of the purchasing power of the population. Successful sales on "Black Friday" can positively influence the stocks of retailers and e-commerce companies. Thanksgiving is not only an important cultural celebration in the USA but also an event that influences global financial markets. Investors should account for the closure of the American markets on this day and plan their trading strategies accordingly, considering potential changes ...

... Switching to the use of only domestic prices for calculating the damper would eliminate ambiguity in the regulation of the industry: there is no access to the European market, but European prices are still used for calculating subsidies in Russia. Most importantly, this move would acknowledge that the damper is not compensation for export shortfalls, but rather a formula for calculating subsidies for refineries that incur significant costs due to forced downtime. It would be better if this formula were ...

... amidst high interest rates. Increased competition in retail banking. Regulatory changes that may impact banks' profitability. Commentary from Sergey Tereshkin, CEO of Open Oil Market «The results of the largest U.S. investment banks underscore the importance of adapting to changing conditions. The growth in interest income and asset management activity demonstrates that even in challenging times, banks can maintain resilience. This is a positive signal for investors and an indicator of future trends ...