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Rinat Akhmetov told why they decided to pay UAH 9 billion for the Dnieper steel plant

Dnipro Coke Plant, part of the Metinvest group of companies, won the auction for the sale of a single property complex of the Dnieper Metallurgical...

Electric car maker Rivian raises another $ 2.5 billion in private investment

Having not sold a single electric car since its launch in 2009, the Rivian startup has received more than $ 10 billion in investments in 10 years and...

Record demand for business loans is expected in Ukraine - NBU

In the next quarter, Ukrainian financial institutions forecast the most significant softening of hryvnia business lending standards since 2013....

The export of agricultural machinery from the Russian Federation in the first half of the year increased by 35%

The key role for the export of Russian agricultural machinery continues to be played by high prices for grain on the world market, according to the...

Gazprom and Russian Helicopters signed a cooperation agreement for the supply of the first Russian offshore helicopters

Under the terms of the agreement, Russian Helicopters will provide tests of the prototype Mi-171A3, organize the serial production and certification...

Russian Helicopters and Novikombank signed a financing agreement for 10 billion rubles

Novikombank has been cooperating with the Russian Helicopters holding since 2011, providing settlement, credit, investment and financial services....

Demand for armaments will ensure a stable growth of armored steel sales by 4% per year until 2031

Armored steel plate sales will grow steadily over the next 10 years at an average annual growth rate of 4% as demand for improved protection systems...

ArcelorMittal will overtake McDonald's Corp. in revenue this year. and PepsiCo Inc.

The pandemic turned out to be the best time for the steel business. Steel prices have skyrocketed worldwide this year, breaking record after record....

China will limit speculation in the commodity market to ensure price stability

Chinese officials will expose "malicious speculation", including those that lead to artificial shortages in the market....

Global oil demand to grow by 3.3 million barrels per day in 2022 - OPEC

World oil consumption in the second half of 2022 may exceed pre-pandemic levels, but on average, demand for the year will be slightly lower than in...

Growth rate of the world economy in the second half of 2021 to reach 5.8% - Bank of China

The global economy will recover faster in the second half of the year: report by the Research Institute at the Bank of China....

G20 Finance Ministers Sign Global Tax Agreement at Venice Summit

In their joint statement, the finance ministers of the G20 countries called the agreement historic, noting that discussions on its terms have lasted...

Energoatom's debt to Turboatom has grown to almost one billion hryvnia

Turboatom JSC appealed to the Prime Minister of Ukraine Denis Shmyhal with a request to facilitate the solution of difficult financial relations...

Iran's decision to produce uranium metal could drive up oil prices

The likelihood that international sanctions will not be lifted from Iran is very high. The continuation of the sanctions restrictions will not allow...

Croatian company Rimac will buy 55% of the ultra-luxury brand Bugatti

The deal marks the end of an era for Bugatti, one of the most recognizable names in the world of super-luxury cars, after two decades owned by German...

German Saarstahl agreed to acquire French metallurgical plants Liberty Steel

Saarstahl intends to expand its product portfolio and start producing steel from scrap metal. The negotiations are expected to be completed by the...

Turkish business intends to invest in Ukrainian renewable energy and pharmaceuticals

Strong political relations and strategic partnership are developing between the Republic of Turkey and Ukraine, and the next steps should be...

Ferrexpo board of directors decided to abandon pre-export lending

Having repaid early and canceling the extension of the pre-export credit line, Ferrexpo plans to invest in the development of high-quality pellets....

Chinese battery giant renews agreement with Tesla to supply lithium-ion batteries

Chinese battery maker Contemporary Amperex Technology rose nearly 3 percent on Tuesday after the company signed a new agreement with Tesla to supply...

Liberty Steel said it is ready to pay off debts to creditors after restructuring

The restructuring will support Sanjeev Gupta's efforts to refinance the group, fueled by stronger core assets and record steel, aluminum and iron ore...

Panasonic sold all of its shares in Tesla for $ 3.6 billion

The sale of the stake will not affect the relationship between the companies, given the strategic cooperation in the production of batteries,...

Russia may change tax legislation to remove excess profits from metallurgists

The Ministry of Finance of the Russian Federation proposed to temporarily "tune" taxation in metallurgy....

In Kazakhstan, 55 types of activities in 14 areas were proposed to be attributed to the creative sector of the economy

When preparing the list, the UN approaches to the definition of creative industries were taken into account....

Why data and digitization will be the foundation of the future of finance

COVID-19 has led to the rapid digitalization of the financial services industry, but more needs to be done to make the sector sustainable, says Dr....

Ukrainian metallurgists began to actively use hedging of currency risks

Metallurgical company Centravis was the first to involve foreign exchange forwards from Ukreximbank in strategic planning....

The largest metallurgical company in Austria predicts profit growth of at least 1.5 times

voestalpine expects the global economy as a whole to continue its upward trajectory, at least until the end of calendar 2021. In addition, the...

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