Finance

Rusagro strongly reported half-year and Q2 results: revenue up 17% YoY

The company was pulled out by the volume of sugar sales: revenue grew by 62% compared to Q2 2021, and the volume of sugar sales grew by 21% in the first half of the year.

As for other key business metrics, the company reported poorly. Wheat sales fell by 28% for the half year, and industrial production fell by 3%.

Investors assessed the report positively - the shares added about 5%.

ECB tries to save EU economy - central bank will be flexible in reinvesting PEPP program

The pandemic has left persistent vulnerabilities in the eurozone economy that contribute to the uneven normalization of our monetary policy among different countries, the ECB said. The ECB has instructed Eurosystem committees and ECB services to accelerate the development of a new mechanism to combat fragmentation. Why it matters. Rising

Price for oil price cap yet to be determined, head of European Commission

"The EU is ready in principle to go to the oil price cap," von der Leyen added. Earlier, the head of the U.S. Treasury Yellen said that the U.S. is not against the purchase of oil by India above the price cap. The WSJ also reported citing sources

U.S. officials forced to roll back plan to limit Russian oil prices - Bloomberg

India and China - Russia's most important trading partners - will not participate, Bloomberg sources said. The price cap plan is still alive after all. However, the price cap will be higher than previously thought. Earlier, U.S. Treasury Secretary Yellen said the price ceiling could be in the range

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