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Share Name Share Symbol Market Type Share ISIN Share Description
Jpmorgan Russian Securities Plc LSE:JRS London Ordinary Share GB0032164732 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 570.00 568.00 572.00 570.00 570.00 570.00 16,786 15:18:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 17.6 29.6 19.3 258

Jpmorgan Russian Securit... Share Discussion Threads

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DateSubjectAuthorDiscuss
25/9/2020
15:15
The Board of JPMorgan Russian Securities plc announces that it has declared an interim dividend of 25.00 pence per share, for the year ending 31(st) October 2020, to be paid on 30(th) October 2020 to shareholders on the register at the close of business on 2(nd) October 2020. The ex-dividend date is 1(st) October 2020.
loganair
25/9/2020
15:14
In a major strategy shift, Sberbank (JRS 3rd Largest Investment), the most popular Russian lender, wants to build its own ecosystem going far beyond the world of finance and to be known not just as a bank, but also as a tech company. During its first major online event, which was held on Thursday, Sberbank – now rebranded as Sber – presented a range of services and gadgets signaling it wants to go deeper into the tech sector. For example, the bank presented a family of “emotionalR21; virtual assistants, called ‘Salute’, which will be incorporated into all of Sberbank’s devices and mobile apps. “We are the first and the only bank in the world which started to produce a smart device,” Sberbank CEO Herman Gref said. He noted that in order to become a company that can develop tech products, it had to go through a massive “transformation” that took five years. There are three assistants in the Salute family, called Sber, Joy, and Athena. Unlike Apple’s Siri or Amazon’s Alexa, the company is betting on the “emotionalR21; features of the virtual assistants, as each has its own “temper,”; allowing users to choose the one they find most suitable. In addition to a logo change and new financial service features, like SberPay (an alternative to ApplePay and GooglePay), Sber also presented a TV streaming box called SberBox and a smart speaker called SberPortal. Both devices give access to a wide range of Sber services, while SberPortal, featuring gesture and voice recognition, will allow users to control other devices in the house. In another step towards joining the Big Tech pantheon, Sber also launched a SmartMarket platform. The service is somewhat similar to App Store and Google Play, and will allow additional features for virtual assistants to enable businesses and entrepreneurs to produce their own apps. Russian airline S7 already has access to the platform and announced that it will create its own app on it. The lender wants to boost revenues from the fast-growing non-financial sector by 20 to 30 percent, according to officials. This year, these services are expected to bring the bank around 70 billion rubles ($911 million), accounting for around five percent of all its operational revenues.
loganair
06/9/2020
09:24
China, Russia Deepen Ties Amid Pandemic, Conflicts With West – Analysis: Building Ties: While the pandemic has made China an even more vital economic lifetime and market for Russia, Moscow has become a more needed partner for Beijing as it collides with U.S. President Donald Trump’s administration over a wide range of issues: from a trade war to problems involving Hong Kong and rights in the South China Sea. This new dynamic offers a turnaround of the forces that drove Beijing and Moscow together following the Kremlin’s annexation of Crimea in 2014, where Russia was placed in the crosshairs of Western sanctions. During that period, it was Russia that leaned on a sometimes reluctant China to deepen relations to escape U.S. pressure. Now — as their ties have extended into areas such as military, technology, and finance — those roles are shifting. “Before Trump, China was cautious to embrace Moscow geopolitically to the fullest extent, but Beijing has determined that U.S. pressure won’t let up, so they have no choice but to move closer to Russia,” said Lukin. “Today, it is China, not Russia, that is more interested in forming this quasi-alliance.̶1; Russia-China collaboration took off in 2014 after the forcible annexation of Crimea and the ensuing war in eastern Ukraine and has since grown into a variety of domains. One such area of late has been efforts to limit reliance on the U.S. dollar, a process called de-dollarization. The U.S. dollar holds a powerful place in the global financial system as the world’s reserve currency and de-dollarization has become a priority for both China and Russia to protect their bottom line and push back against American dominance. Replacing the dollar in trade settlements became a necessity to circumvent U.S. sanctions against Russia and efforts have gained speed following Washington’s imposition of tariffs on Chinese goods. Experts have long warned about efforts to limit the dollar’s privileged role in the world, and though such attempts have not had much success, Beijing and Moscow have made some progress recently. New data from the Bank of Russia shows that in the first quarter of 2020, the dollar’s share of trade between Russia and China fell below 50 percent for the first time on record, a notable change given that the dollar comprised more than 90 percent of trade in 2014. Navigating A New Reality: In the energy sphere, Russia has displaced Saudi Arabia as China’s biggest oil supplier and Gazprom — Russia’s massive gas company — plans to more than triple gas deliveries to China through its new pipelines, amounting to nearly half of current Chinese demand. Russia is also looking to capitalize off of the U.S.- China trade war by increasing its exports of food and minerals at the expense of the United States and other Western nations. Russia’s political appeal has grown as Beijing finds itself facing new global pressure: Its signature foreign policy project, the Belt and Road Initiative, has suffered setbacks due to concerns in host countries over mounting debts; the pandemic that first appeared in the central Chinese city of Wuhan has hurt Beijing’s credibility; and Western nations have begun to push back against Chinese tech and political policies. In the face of this pressure, China has moved to hold Russia up as a steadfast partner. During China’s annual legislative meeting in May, Foreign Minister Wang Yi hailed Russia, saying that it supported Beijing and that both countries would stand “shoulder to shoulder” against U.S. efforts to hold Beijing responsible for the pandemic’s consequences. An Uncertain Future: But the growing ties between China and Russia also mask tensions under the surface. While Moscow is keen to benefit from the financial opportunities opened up in China, it is also wary about becoming too dependent on China, both economically and politically. “I don’t think you can call this an alliance,” said Maslov. “Right now, Russian and Chinese interests coincide, but there are lots of areas that could create problems and spoil cooperation.” Projects like the polymer plant in Amur are being heralded by both sides, but past initiatives, such as a water-bottling plant on Lake Baikal and logging projects in the Siberian forests, have faced protests in Russia. The initial stages of the pandemic were also a source of friction, with Russia shutting down its nearly 4,200-kilometer border with China and Moscow Mayor Sergei Sobyanin enacting a series of controversial policies targeting the Chinese community, leading to a rare rebuke from the Chinese Embassy in Moscow, which complained directly to the Kremlin. Similarly, Valery Mitko, a 78-year-old retired scientist, was detained in June on charges of passing Russian submarine-detection technology secrets to China. Mitko denies the charges, but the case highlights the suspicions that still characterize the two countries’ relations. “The trust in the top leadership — between Putin and [Chinese President Xi Jinping] — is very solid, but when you work your way down, you can see the problems,” said Zhang. “Overall, things have become more pragmatic and realistic. Neither side expects unconditional support from the other on every issue,” he concluded. “The model of cooperation has changed this year,” Aleksei Maslov, director of the Institute of Far Eastern Studies at the Russian Academy of Sciences, told RFE/RL. “China feels that its position in the world is not as stable as before. This has led to them changing their mind towards Russia and becoming more cooperative.”
loganair
01/8/2020
13:06
The foreign reserves of the CBR in percentage terms as of: ...31 March 2018/30 Jun 2018/30 Sept 2018/31 Dec 2018/31 Mar 2019/31 Dec 2019 Euro..22.2%........32.0%.........22.6%.......31.7%.......30.3%.......30.8% US$...43.7%........21.9%.........32.1%.......22.7%.......23.6%.......24.5% Gold..17.2%........16.7%.........16.6%.......18.1%.......18.2%.......19.5% Yuan...5.0%........14.7%.........14.4%.......14.2%.......14.2%.......12.5% £......7.9%.........6.3%..........6.5%........6.0%........6.6%........6.5% Yen....0.0%.........4.5%..........4.2%........4.0%........3.9%........3.5% Can$...3.0%.........2.9%..........2.7%........2.5%........2.5%........2.2% A$.....1.0%.........1.0%..........0.9%........0.8%........0.8%........0.7% International Reserves of the CBR as of 30 June 2020 $568.9bln, up from $518bln one year ago. International Reserves of the CBR as of 20 September 2019 $532.9bln, up from $462bln one year ago. International Reserves of the CBR as of 28 June 2019 $517.1bln, up from $455.5bln one year ago.
loganair
30/7/2020
10:04
After years of talking about abandoning the US dollar, Russia and China are doing it for real. In the first quarter of 2020, the share of the dollar in trade between the countries fell below 50 percent for the first time. According to Moscow, the share has dropped to 46%, tumbling from 75% in 2018. The 54% of non-dollar trade is made up of Chinese yuan (17%), the euro (30%), and the Russian ruble (7%). In January, Russian Foreign Minister Sergey Lavrov explained that Moscow is continuing "its policy aimed at gradual de-dollarization" and is looking to make deals in local currencies, where possible. Movement away from the dollar can also be seen in Russia's trade with other parts of the world, such as the European Union. Since 2016, trade between Moscow and the bloc has been mainly in Euros, with its current share sitting at 46 percent.
loganair
28/7/2020
11:34
Chief Global Strategist for Morgan Stanley: The biggest winners from Covid are... Germany will be by far the biggest winner, followed by Taiwan, Russia then Vietnam. Russia - Putin has made Russia far more self-reliant and therefore Putin has been preparing Russia for deglobalisation.
loganair
22/6/2020
14:33
Russian IT firms may enjoy significantly lower income tax and insurance payments, according to a plan laid out by Prime Minister Mikhail Mishustin. The tax break envisages a nearly twofold reduction of insurance payments – from 14 percent to 7.6 percent – while income tax could be cut to three percent from the current level of 20 percent, Russian business daily Vedomosti said, citing two government officials. Additionally, the prime minister reportedly offered to cancel value-added tax (VAT) on software and IT development ads on foreign digital platforms and provide special subsidies for developers. The proposed measures, which are believed will be permanent, will likely be announced in the near future, the government sources said. If approved, the changes in tax law may boost exports of Russian software, strengthen domestic IT firms’ competitiveness, and support local developers. At the same time, the measures may encourage more Russian companies currently registered abroad to come back home. Earlier this month, Russian President Vladimir Putin held a videoconference with government officials to discuss the development of the IT industry, which has proven its key role in the national economy amid coronavirus-related restrictions. Putin ordered a plan be prepared to stimulate the development of the sector, including solutions for a comprehensive tax overhaul.
loganair
22/6/2020
09:57
No quick bounce back: Russia’s real GDP to recover in mid-2022 but ruble to remain strong, Economy Ministry says: Russia’s Ministry of Economic Development has released a fresh forecast for 2019-2022. The ministry said there will be no V-shaped recovery: after a five percent plunge in 2020, real GDP will only recover starting in mid-2022. The Ministry of Economic Development predicts a GDP growth of 2.8% in 2021 and three percent in 2022. The Urals price remains below the base budget price of $42, at which point the Russian budget breaks even. Urals will average $31.1 per barrel this year, rising to $35.4 in 2021. Only in 2022 will it return to the breakeven price of $42.2 when Russia Inc. goes back into profit. That means the Ministry of Finance will rely on the National Welfare Fund (NWF) to top up budget spending until 2023. Currently there are some nine trillion rubles ($130bn) of liquid assets in the NWF. With an estimated three-trillion-ruble shortfall in budget revenues forecast for this year, there is therefore enough in the NWF to cover at least another three years of deficits. The ministry also says the ruble will remain relatively strong over the period. The ruble was trading at an average rate of 64.7 rubles to the dollar in 2019 before the start of the oil price shock and the corona crisis, but it sank to a low of 80 rubles amid the panic that followed. It has since recovered to break below 70 rubles again in the first weeks of June. The Ministry of Economic Development predicts that the FX RUB/$ rate will average 72.6 rubles to the dollar this year. After that the rate will go to 74.7 in 2021 and 73.3 in 2022. Real incomes will decline 3.5% in 2020 after growing for the first time in six years by an average of 2.9% in 2019. But real wage growth will recover next year, up by 3.1% and two percent in 2021 and 2022 respectively. At the same time, unemployment will remain at an elevated level of 5.7% this year, up from 4.6% in 2019, before diminishing slowly over the next two years to 5.4% and then 4.9%. The fall in oil prices will also put pressure on the balance of payments, but those will remain positive throughout. Russia ran a $65 billion trade surplus in 2019 that will fall to a mere nine billion this year, before recovering very slowly to $10 billion and $27 billion over the next two years. The current account is also expected to halve this year to $45 billion but the Ministry of Economic Development offered no forecast on this number. Opinion is divided amongst analysts on what will happen to the current account. The Central Bank of Russia (CBR) said last month that the current account may go negative for the first time in a decade this year after oil prices fell to around $25; more recently, however, analysts at BCS Global Markets predicted that Russia will earn $45 billion this year, after oil prices recovered surprisingly quickly. Among the other predictions, the Ministry of Economic Development estimates that inflation at the end of the year will go from three percent in 2019 to four percent this year and stay at that level for the next two years – at the CBR’s target rate. Amongst the more depressing forecasts is that investment will shrink by 12% this year from the meagre 1.7% growth in 2019, but that it will recover to 4.9% and 5.6% in 2021 and 2022 respectively. The low level of inflation is the bugbear in Russia’s otherwise strong macro-fundamentals picture. The level of investment is equivalent to 20.6% of GDP in 2019, 20.1% in 2020, 20.7% in 2021 and 21.1% in 2022 – but economists say that investment needs to rise above 25% per year if Russia is to break out of its current cycle of stagnation.
loganair
10/6/2020
22:35
Rising oil prices put Russia back in profit: Oil prices have recovered remarkably fast after the OPEC++ deal was agreed, to break above $40 to the barrel again, back into the Kremlin’s “comfort zone,” according to the Finance Ministry. Russia Inc is back in profit with $40 oil, which is how much a barrel needs to cost for the budget to break even. In addition, at $42 per barrel Russia will start accumulating money in its reserve fund, the National Welfare Fund (NWF), as under the so-called budget rule, any oil tax revenues earned from oil prices over $42.4 has to be paid into the NWF. The NWF is there to cover any budget deficit in a crisis, and the Finance Ministry was intending to tap the fund, which held 12 trillion rubles ($174 billion) as of the start of March, to cover an anticipated deficit of 3 trillion rubles this year. The reserves fell to 9 trillion rubles in May after the Ministry of Finance used part of the funds to buy a stake in Sberbank, the biggest bank in Russia, from the CBR – a backdoor route to give the CBR a war chest of cash it could use to defend the ruble if needed – but still leaving at least three years’ worth of cash in the fund to cover a budget deficit. Still a crisis price to pay: That is not to say this crisis is not going to be painful and that the government is not going to have to spend heavily to get Russia Inc back to work. Rosstat reported this week that the basic sectors – a good proxy for GDP – were down by 10 percent year-on-year in April and that the consumer-orientated sectors are all down by at least a third. Last week Prime Minister Mikhail Mishustin unveiled the latest version of the National Plan for Economic Recovery (NPER), which calls for some 5 trillion rubles ($72.8 billion) of spending, or 7.8 percent of GDP. However, much of this money is simply funds that were already committed under the current budget to pay for the 12 national projects and is now going to be re-tasked to stimulate the economy or support the social sector: The bottom line is the 2 percent of GDP budget surplus will disappear and the government will run a 0.5 percent of GDP deficit, plus the Ministry of Finance intends to borrow an extra 2 trillion rubles ($29 billion) from the domestic bond market on top of the 2 trillion rubles already pencilled into the current budget, to help pay for the NPER. Again, that means the reserves will remain a last line of defence, and if Russia continues its rebound there is a good chance that the Kremlin will end this year with even more cash in reserve than it has now. Russian rebound underway, safe haven for investors: The economic rebound in Russia is already visible after the ruble has clawed back much of the ground it lost in the last two months against the dollar. At the same time, if there is a deficit this year the ministry also now has the option of financing it by issuing Russian Ministry of Finance ruble-denominated OFZ treasury bills, which are increasingly seen as a safe haven by international investors thanks to Russia’s rock solid finances. Indeed, over a third of the foreign investors in the OFZ are from the US, where the bonds have proven to be a popular investment with institutional investors like insurance companies and pension funds.
loganair
04/6/2020
14:25
Russia ramps up natural gas delivery to China via Power of Siberia mega pipeline: Agreement on gas supplies via the Power of Siberia pipeline was reached in 2014, with Russia’s energy giant Gazprom (JRS Largest Investment) and the China National Petroleum Corporation (CNPC) inking a 30-year contract. It is Gazprom’s biggest-ever agreement and the first natural gas pipeline between Russia and China. The Russian company plans to start with deliveries of 10 million cubic meters a day and aims to reach peak capacity by 2025. Gazprom plans to export five billion cubic meters of gas to China this year, 10 billion in 2021 and 15 billion in 2022. Gas consumption in China, Asia’s biggest economy, has surged in recent years as the government pressures homes and factories to use it instead of coal to combat air pollution. Gazprom intends to become China’s biggest supplier, making up more than 25 percent of gas imports by 2035 as demand for natural gas grows.
loganair
25/4/2020
08:34
The Bank of Russia slashed its interest rate by 50 basis points on Friday, for the first time since October 2019, to 5.5 percent. The regulator said that further reductions may follow soon. “Since the March Board of Directors meeting, the situation has changed dramatically. Significant restrictive measures have been introduced to combat the coronavirus pandemic, both in Russia and across the world, which negatively influences economic activity,” the central bank said in a statement. The Bank of Russia added that it has reviewed the baseline forecast scenario and is shifting to an accommodative monetary policy. According to the bank forecast, given the monetary policy stance, annual inflation will reach 3.8-4.8 percent in 2020 and will stabilize around four percent later on. The country’s GDP (gross domestic product) is forecast to decrease by between four and six percent in 2020. “If the situation develops in line with the baseline forecast, the Bank of Russia holds open the prospect of a further key-rate reduction at its upcoming meetings. In its key-rate decision-making, the Bank of Russia will take into account actual and expected inflation dynamics relative to the target and economic developments over the forecast horizon, as well as risks posed by domestic and external conditions and the reaction of financial markets.” The Russian economy is, beyond this, expected to follow a recovery path, with growth predicted to total 2.8-4.8 percent in 2021 and 1.5-3.5 percent in 2022. The bank’s baseline scenario assumes an average price of Urals oil blend of $27 per barrel in 2020, with its subsequent rise to $35 and $45 per barrel in 2021 and 2022 respectively.
loganair
25/3/2020
14:33
"Russia has the best hand at the geopolitical poker table. The Kremlin, for 20 years, has been doing the opposite of everyone else by reducing their national debt to near zero, and buying thousands of tons of gold." Moscow has been boosting its gold and foreign currency holdings in recent years to shield its economy against any turmoil. According to the latest data published by Russia's central bank, the reserves have recently eclipsed $580 billion.
loganair
28/2/2020
13:42
My thoughts are the CBR will purchase 100 tons of gold this year and maybe 80 tons in 2021. Gold being valued in USD - The CBR has been very clever buying gold in local roubles from locally mined gold thereby not needing to exchange Roubles for USD which would have weakened the RUB/USD exchange rate. Once the price of gold started to rise then the CBR reduce their own purchases of gold and instead has locally mined gold sold internationally and held in the UK.
loganair
28/2/2020
12:52
Sales of Russian gold abroad jumped eight-fold last year to $5.7 billion, with almost all of that volume purchased by the United Kingdom. According to customs data seen by RBC business news outlet, gold exports to Britain have grown more than 12 times in terms of value, to $5.33 billion. Supplies to the UK accounted for 93 percent of all Russian gold exports. In physical terms, gold exports from Russia to the United Kingdom in 2019 increased 11 times, from 10.4 tons to 113.5 tons. Almost the entire volume of deliveries to the UK is gold bullion. Taking into the account the London standard (an ingot weighing about 12.5 kg), it turns out that Russia delivered at least 9,000 ingots to the UK last year. Experts say that, in general, the scale of gold inflows to the United Kingdom most likely reflects global trends in demand for the precious metal and the country's traditional role as a center for its trade and storage. Russia has continued filling its coffers with gold, having added almost seven tons of the precious metal to its reserves in January. Much of this gold to Britain will come from the CBR buying around 90 tons less gold in 2019 then it did in 2018 with most the rest coming from an increase in gold mined in Russia. I wouldn't be surprised if the amount of gold that the CBR buy in 2020, maybe round 100 tons which will be down from the amount they purchased in 2019. What is Russia going to do with all these extra dollars this gold selling is going to bring in? In September Rosneft changed is base selling currency from the USD to the Euro. If the CBR exchange these extra USD from the sale of this gold into Roubles will only cause the Rouble to strengthen which is the very last thing the CBR wants to see happen. The CBR wish to keep the Rouble exchange rate at 60/65 to the USD.
loganair
20/2/2020
16:34
Russia ended lasted year with 2,276.8 tons of Gold. Its demand for gold however fell by 42% last year after record purchases in 2018 as risks related to Western sanctions against Russia receded. The share of gold in its forex and gold reserves rose by 8 percentage points over five years to 20%. “The central bank’s need for gold is declining, as it is already the third largest asset after the euro and dollar,” Dmitry Dolgin, chief economist at ING Bank in Moscow, said.
loganair
06/2/2020
10:25
I've been hearing more and more that the much of the electricity for all the new EV's that will be coming along over the next 25 years will be coming from Gas generated electricity which will be positive for the likes of Gazprom (JRS Largest Investment.)
loganair
30/1/2020
12:36
Russia will relax tourist visa rules, allowing stays of up to 6 months & simplified applications: Moscow daily Izvestia reports cross-party parliamentary support for allowing foreigners to stay for six months on a single tourist visa, as well as making acquiring one a lot easier, by only asking for a hotel reservation. At present, vacations are capped at 30 days and require an invitation. A separate category for business travelers provides for a stay of up to 90 days, within a six month period. But these permits are often expensive and involve a cumbersome application procedure. The newspaper claims that a bill to this effect has already been drafted by the Ministry of Foreign Affairs with the intention of increasing the attractiveness of the country and assisting the development of the tourism sector. It follows a favorable reaction to the introduction of short term e-visas for certain locations, such as Vladivostok and Saint Petersburg, and the Fan ID system used for the football jamboree, which was regarded as a success. Experts suggest the liberalization of entry into Russia is likely to immediately boost visitor numbers by between 10-30 percent. As mentioned, the bill would simplify the application procedure. At present, a Russian embassy can only issue a visa if there's an invitation from an organization that is accredited in the federal register of tour operators. United Russia Deputy Chairman Andrey Isaev who says the party is ready to support the proposal. He points out that Russia has a large number of attractions and resorts which are interesting for foreign visitors. Despite its status as the largest country on earth, Russia's tourism sector is underdeveloped, even in comparison with much smaller European countries. The country isn't short on attractions. Moscow is Europe's largest city and Russia boasts 29 UNESCO World Heritage Sites, including Lake Baikal, the Volcanoes of Kamchatka and the historic centers of Saint Petersburg and Yaroslavl. Additionally, there are world-class skiing facilities at Sochi, the beaches of the Black Sea and, for the more adventurous, vast national parks, such as the 83,384 hectares ‘Roar of the Tiger’ facility in the Far East.
loganair
24/1/2020
09:46
Russia will continue to be the biggest player on the global energy market with plans to increase natural gas deliveries to Europe and Asia, according to the head of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev. "We believe gas is very ecologically friendly. It produces 45 percent less emissions than coal and 30 percent less than oil," he said at the "Global Energy Challenge" session of the World Economic Forum in Davos. According to Dmitriev, Russia accounts for 20 percent of the world's gas supplies, and will continue to increase them. "We expect to grow gas exports by 34 percent in the next 20 years, while oil exports will grow only around 12 percent." Dmitriev pointed out that Russia has "built great infrastructure to supply gas to Asia, which definitely needs it."
loganair
22/1/2020
10:18
The BRICS group of emerging economies, which is comprised of Brazil, Russia, India, China, and South Africa, is open to welcoming new member countries, according to Russian Deputy Foreign Minister Sergei Ryabkov. The group of five countries represents more than 40 percent of the world’s population. BRICS states are set to create a new joint payment system called BRICS Pay that will be similar to existing Apple Pay and Samsung Pay services. Who can I see possibly joining....Iran, Syria, maybe Vietnam.
loganair
21/1/2020
13:03
Russia's gold reserves grew by 159 tonnes in 2019 to a total of 2,270.56 tonnes while China purchased an estimated 100 tonnes in 2019, closing out at 1,948 tonnes during the same period. The total volume of Russia’s gold reserves is closing in on Italy (2,452 tonnes) and France (2,436 tonnes). The continued growth of Russia’s gold reserves brings it ever-closer to the 20th century Soviet record of 2,800 tonnes, built up on the eve of the Second World War.
loganair
20/1/2020
17:06
Russian mining giant Nornickel (JRS 4th Largest Investment) shares hit record high on soaring palladium prices. The value of the stock rose to 22,100 rubles (US$359) per share on the back of the rallying palladium prices. The metal, which was trading at about $2,500 an ounce on Monday, is now more expensive than gold. It has jumped by more than 25 percent in the last two weeks alone, and almost doubled in value over the last year. One of the world’s largest producers of nickel and palladium, Nornickel accounts for about 40 percent of global palladium production. It operates mines in Russia, Botswana, Australia, South Africa, and Finland. The company’s revenue was more than $6 billion last year.
loganair
20/1/2020
16:56
An ordinary dividend of 10.00p per share (2018: 6.0p per share) will be paid on 13th March 2020 to shareholders on the register at the close of business on 7th February 2020. The ex-dividend date is 6th February 2020.
loganair
17/1/2020
13:58
The appointment of a new prime minister has boosted the Russian stock market to new record highs today, with the national currency holding on to gains reached over the past 18 months. The ruble continued gaining against major currencies on Friday, after accelerating growth on the news of the appointment of Mikhail Mishustin as Russia's new prime minister earlier in the week. Analysts credit a positive market reaction to the changes in the Russian government."The government's likely focus on investment should support yields and the ruble's carry attractiveness," Sébastien Barbé, head of emerging market research at Credit Agricole said. "Once the ruble stabilizes, investors may feel the timing is right to add to the ruble carry trade," he added.
loganair
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