Tag: investment

Medvedev reserve funds should be spent sparingly

Medvedev: reserve funds should be spent sparingly

Reserve Funds of the Russian Federation need to spend sparingly to preserve the opportunity for additional flexibility in the future, said Russian Prime Minister Dmitry Medvedev, speaking at the plenary session during the International Investment Forum in Sochi.

Speaking of the federal budget of the Russian Federation, head of the government noted that it must be balanced. In his opinion, "it is an absolute axiom".

"We will continue to improve the efficiency of spending. Spending money you need maximum attention, rationally"- Prime Minister added. He stressed that in the first instance be financed those projects for which there is a significant return for the population and economy.

In addition, the budget will be typeset in view of the implementation of priority projects, reminded the head of the government. "It is formed around the ideas that we want to realize by working on these priority areas. Therefore, anything that is not directly related to the priorities should be subjected to the most thorough analysis, and if necessary, simply optimized, ie reduced. Priorities can not be vague and amorphous", – he said.

Medvedev promised that all the social obligations that the state is currently the accepted, will be executed. "The budget is the main tool of our social policy", – he stressed.

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Siluanov Target price of oil in budget will remain

Siluanov: Target price of oil in the budget will remain at $ 40 per barrel

The government is finalizing the preparation of the budget for the next three years.

"Every year it is planned to reduce the imbalance which has occurred as a result of lower oil prices. The share of oil and gas revenues accounted for more than 40%, so the budget will be brought in line with the opportunities that we have. Each year, provided decrease in imbalance by 1% to 2019 to bring the budget to the level of 1% of GDP"- said Anton Siluanov, Russia’s finance minister, the TV channel "Russia 24" at the International Investment Forum in Sochi.

"The budget is based on an oil price of $ 40 per barrel. After the decision of OPEC oil prices rising, but the target price remains at the same level. If we see a large figure, it will reduce the spending of reserve funds, or reduce the amount of borrowing in the domestic and foreign markets"- the minister added.

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China once again became largest holder of US

China once again became the largest holder of US government debt

China regained its status as the largest holder of US debt, overtaking Japan this indicator for the first time since October last year, according to a study of the American Ministry of Finance.

In June, China bought US Treasuries by $ 44.3 billion, while Japan sold these assets in the amount of $ 22.5 billion As a result, the volume of China’s portfolio of US debt rose to $ 1.15 trillion, the Japanese -. Fell to $ 1.09 trillion.

In third place is Ireland with $ 302.5 billion (+ $ 6.7 billion per month), followed by Brazil ($ 269.7 billion, unchanged), Cayman Islands ($ 254 billion, a decline of $ 12.1 billion) and Switzerland ( $ 244.5 billion, an increase of $ 5 billion).

The top 10 holders of US Treasuries also includes the United Kingdom, Luxembourg, Hong Kong and Taiwan.

Russia in June has reduced investments in US government bonds by $ 5.8 billion. Russia occupies 14th place with $ 101.9 billion among the largest holders of US Treasuries.

The total amount of non-residents’ investments in US Treasuries rose by $ 47.7 billion in June to $ 6 trillion 171 billion. Of this amount, the paper on the $ 3 trillion 995 billion owned by governments or central banks of foreign countries.

The net outflow of foreign investment from the United States shares in the last month amounted to $ 4.47 billion, the inflow of investments in corporate debt securities – $ 2.81 billion.

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Member of LUKOIL Board of Directors Guglielmo

Member of the LUKOIL Board of Directors Guglielmo Moscato died at age 80 years

Member of the Board of Directors of “Lukoil”, CEO of Gas Mediterraneo Petrolio Guglielmo Moscato died at the age of 80, according to “Lukoil” message.

Moscato was a member of “Lukoil” the board of directors since 2011, as well as a part of the Strategy and Investment Committee.

Moscato previously held the positions of Chairman of Eni SpA Board of Directors, Chairman of the Board of Directors and CEO of Agip SpA, as well as Chairman of the Corporate University of company Eni.

As part of the Board of Directors of “Lukoil” 11 people. Head of the board of directors Valery Graifer, deputy chairman of the board of directors is the first executive vice-president of “Lukoil” Ravil Maganov.

Also, the board consists of the head of the company Vagit Alekperov, Rector of the Moscow State Law Academy Viktor Blazheev, President TTG Global LLC Toby Gati, former Minister of Foreign Affairs Igor Ivanov, First Executive Vice-President Ravil Maganov, a member of the EDC Board of Directors Richard Matzke, investkomiteta member the Board of the United Nations Joint staff pension Fund Ivan Pikte and vice president of “Lukoil” strategic development Leonid Fedun.

The election of a new Board is planned at the annual meeting in June.

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London after Brexit need to return $ 11 billion

London after Brexit need to return $ 11 billion stored in the EU bank

Earlier media reported that the European Union intends to demand from London to pay € 60 billion as earlier commitments.

?UK will require the EU after the secession of the community to return to her? 9 billion ($ 11 billion), which are stored in the European Investment Bank. About this newspaper The Sunday Times, citing expert-legal opinion, made at the request of the Government before the start of negotiations between London and Brussels on Brexit conditions.

?The document, prepared by a lawyer from the ruling Conservative Party, Martin Howe, notes that “the government not only has no legal obligation to pay anything to Brussels, but the EU should also restore the UK its interest in the capital of the European Investment Bank,” the newspaper notes. According to the calculations of British lawyers, we are talking about? 9? 10 billion.

Earlier media quoted European negotiators reported that the European Union intends to demand from London to pay € 60 billion as earlier commitments, including on pensions of EU officials. Later, the British newspaper reported that British Prime Minister Tereza Mey is not going to pay for the multi-billion dollar “bill Brexit».

Formal negotiations between London and Brussels should start after the British Parliament will Mei respective powers

According to the latest British media, the launch of the bill Brexit procedure has a good chance of approval by both houses of parliament on Monday.

Thus, the very next day, March 14, the Prime Minister during his speech in the House of Commons may announce that it has sent to Brussels, notice of the beginning of the implementation of Article 50 of the Lisbon Treaty on European Union, starts the process of two years of negotiations on the withdrawal of Great Britain from the EU /?

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EDIT head of VTB 24 was not included in updated

EDIT: The head of VTB 24 was not included in the updated composition of VTB Management Board members

The Supervisory Board of VTB Bank elected a new member of the Board of the credit institution. It does not included the head of VTB 24 Mikhail Zadornov VTB and member of the board and the Holding Company “VTB Capital” Victoria Vanurina, reported today in the press service of VTB.

In total 14 people were elected to the board. The new face of the board was Anatoliy Pechatnikov. He became a member of the Board as Deputy President – Chairman of the Board of VTB Bank.

The press service of the credit organization clarified that the printers will oversee the retail business of VTB Group.

In addition, the bank stressed that the board can not be considered completely formed in connection with the upcoming addition of VTB 24 to VTB.

Mikhail Zadornov became a member of VTB Management Board at the end of December last year. As head Zadornov, VTB24 has held since mid-2005.

Victoria Vanurina became a member of VTB Bank Management Board in 2011. Vanurina previously served as senior vice president of VTB Bank. VTB Group is working since 2008 and is engaged in the development of the investment business.

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Exxon Mobil is investing billions of dollars

Exxon Mobil is investing billions of dollars in the Belgian production

Oil and gas
giant from the United States, Exxon Mobile, going
to invest $ 1 billion in
its refinery production
in Belgium. Investments will be made in
production of diesel fuel. On
plant in Antwerp will be made
Technical Reconstruction: to facilities
added a delayed
coking. Today the plant processes
up to 320,000 barrels of oil per day.

Behind
the past decade in Antwerp
“Daughter» Exxon already
It invested about $ 2 billion: here
power plant was built,
hydrotreater (lowering content
sulfur in the finished fuel) and other
production capacity.

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USD EUR GBP CAD AUD Forecast for next week Morgan

USD, EUR, GBP, CAD, AUD: Forecast for next week – Morgan Stanley

USD: Uptrend ..

We believe that the USD may begin to see the flow of investment … Also on the USD affect the possibility of a rate hike …

EUR: Bearish.

We have revised our forecasts for the euro, and now we expect the 1.06 at year-end. Our economists expect another cut of 10 bp in the deposit rate and the expansion of asset purchase program. All this should be negative Euro … read more (click on the source)

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BOFA Goals forecasts

BOFA: Goals forecasts

*Merrill Lynch (Rus Me rrill Lynch.?) (NYSE: MER) – up to 2008 a major American investment bank (financial conglomerate) (headquarters – in New York), it was subsequently acquired by Bank of America and is now a division of the bank (Bank of America Merrill Lynch).

We lack the EUR / JPY, expect the pair to drop to 114 from 128 at the end of the year.

In addition, we continue with the sale CHF / JPY. We expect the CHF / JPY will fall to 102 by the end of the year, it is now 116.8.

We are also of the shorts in EUR / SEK … Our goal is 8.90.

We are in for Long AUD / NZD, waiting for the target to 1.10 by year-end. We are also in for Long AUD / KRW, oriented 920.

We expect growth in the value EUR / USD in the short term … .However, we expect a further weakening of the euro later this year because of differences of monetary policy between the Fed and the ECB. Then we will sell EUR / USD ….

PS: are copied, distributed and earn $ – https://www.share4you.com/en/?affid=0fd9105

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