Stock market news

Sberbank

Joint venture of Sberbank and Cognitive Technologies - Cognitive Pilot, which develops artificial intelligence systems for transport and agro-industrial complex, has developed technology of accelerated learning of neural networks that allows four times faster implementation of autonomous control systems in work of farmers. An unmanned harvester can reduce cr...

MOEX Group (Moscow Exchange)

Total trading volume on Moscow Exchange markets in August 2022 was ₽81.2 trillion, up 2% from ₽79.7 trillion a year earlier. Trading volume on stock market dropped twofold to ₽1.872 trillion. On futures market, it dropped 2.4 times to ₽4.9 trillion. Trading volume on foreign exchange market dropped 9% to ₽20.9 trillion. Trading volume on money market increas...

RUSAL

One of world's largest buyers of aluminum - company Novelis, owned by Indian Hindalco Industries, refused to purchase Russian metal to supply its plants in the European Union. Existing contracts with Novelis will not be affected by new terms, told Bloomberg's sources. Europe accounted for 40% of Rusal's export revenue in the first half of 2022, or $2.87 bill...

MOEX Group (Moscow Exchange)

Center for International and Comparative Legal Studies will create a Russian analogue of Bloomberg Terminal, which will be called Mirida. Expert support for this center will be provided by Gazprombank. Today a project is at a pilot stage. It will be available to a wide range of users in August 2023. Previously IT director of Moscow Exchange Andrei Burilovo s...

Qualcomm

Qualcomm has signed with Meta Platforms cooperation agreement in the field of custom chips for augmented reality, which combines virtual and augmented reality technologies. Engineering and product teams from both companies will work together to develop chips on Qualcomm Snapdragon platform. In particular, companies are already working on custom chipsets base...

Sberbank

Sberbank has closed deal on sale of its subsidiary bank in Kazakhstan to Baiterek Holding. "The deal was made on mutually acceptable financial terms", - notes Sberbank. Bank earlier informed that it made decision on exit from Kazakhstan market, being guided by current geopolitical situation and acting in interests of clients of subsidiary bank.

MOEX Group (Moscow Exchange)

On Moscow Exchange's derivatives market on September 6, 2022, we begin circulation of settlement futures and options on index of foreign stocks. Underlying asset of new futures - units of Invesco QQQ ETF Trust Unit Series 1 fund of the management company Invesco PowerShares. In fund's basket includes stocks from NASDAQ 100 index. Futures are denominated in d...

Gazprom

Gazprom plans to launch a new de-ethanization unit at the Urengoy Condensate Treatment Plant by the end of 2022 to replace the one that burned down in an accident in August 2021. Capacity of new de-ethanization unit will be 8 million tons of condensate per year, while capacity of retired unit was only 6 million tons.

Xiaomi

Xiaomi's first electric car will be a sedan costing more than CN¥300,000, reported local media outlet LatePost. Vehicle will be equipped with Hesai Technology lidars - one AT128 hybrid as the main one and several fully solid-state ones as extras. Xiaomi founder Lei Jun is convinced that ultimate goal of competition in the electric car industry is fully auton...

SPB Exchange

Trading volume of foreign stocks on SPB Exchange in August 2022 was $9.16 billion, down 68.08% from $28.69 billion a year earlier, but 27.22% higher than in July. Number of active accounts increased 20.43% to 365,400. Hong Kong securities trading volume tripled to HK$0.47 billion. Number of deals increased 2.4 times, to 90.45 thousand. Number of active inves...