Stock market news

MOEX Group (Moscow Exchange)

Moscow Exchange confirms plans to return to the issue of dividends in the 2nd half of the year, said CFO Andrey Selyuk. It is possible that dividends will be on the agenda of the next meeting of the supervisory board of the trading platform in late September.

MOEX Group (Moscow Exchange)

Moscow Exchange in September and January will increase tariffs for services in the collocation area, cryptocurrencies, network and other related services. Also will change the cost of terminal IDs and align the cost of gateway connections. Part of the additional funds received from the change in tariffs, it is planned to invest in program of infrastructure d...

MOEX Group (Moscow Exchange)

Moscow Exchange will release an early version of its blockchain-based product to the market by the end of this year, said IT director of the exchange Andrey Burilov. "We consider CFA as a tool for circulation on the exchange, that is, the goal is to offer market participants another investment tool," he explained. In addition, the trading floor is looking fo...

General Motors

The General Motors Board of Directors announced a quarterly dividend of $0.09 per share. The last day to buy securities to receive the dividend is August 29, 2022. The annual dividend yield may reach 0.23%.

Rocket and Space Corporation Energia

RSC Energia's Board of Directors convened an EGM to discuss the issue of increasing company's charter capital. Meeting will be held on September 30, and more detailed information about the proposal to increase the charter capital will be published after September 09.

Xiaomi

Xiaomi's IFRS net income for 6 months of 2022 was CN¥0.835 billion, down 20 times from CN¥16.052 billion in the previous year. Revenue fell 12.8% to CN¥143.52 billion from CN¥164.67 billion a year earlier.

Tesla

Tesla opened 48 new Supercharger charging stations in 33 Chinese cities such as Beijing, Tianjin, Shanghai and Nanjing in July. In total, Tesla already has 1,200 Supercharger charging stations in Middle Kingdom. In addition, Tesla opened a new 2,180-square-meter auto center in Shanghai's Minhang district on August 18. It will deal with car sales, including t...

EL5-Energo

Subsidiary of Enel Russia has filed a lawsuit against Siemens Gamesa's Russian subsidiary, Siemens Gamesa Renewable Energy LLC, in the Arbitration Court of the Murmansk Region. Company is claiming ₽22.9 billion from Siemens for its refusal to fulfill the contract for the supply of equipment for the 201 MW Kola Wind Farm. For the time being, lawsuit has not b...

RUSAL

Kazakhstan's Eurasian Resources Group continues to supply alumina to Rusal, as the company is not under sanctions. This year, ERG plans to supply the aluminum producer with about 800 thousand tons of alumina. However, the company notes that it had to change all logistics chains, go to other ports and charter other ships, which, of course, costs more.

Magnitogorsk Iron and Steel Works

Eurasian Resources Group completely stopped supplying raw materials to Magnitogorsk Iron and Steel Works due to the fact that the latter is on the SDN List of the US Ministry of Finance. ERG had been supplying concentrate and pellets to the metallurgical company's plant in Russia for the past 30 years.