Russia Financial News

Investing.com-- Oil prices rose slightly in early Asian trade on Monday as focus turned to economic readings from the world’s largest oil importer due this week, with U.S. oil futures within sight of the key $80 a barrel level. 

Less than three weeks after its launch, the decentralized social network Friend.tech has already been declared "dead" by critics,  following a recent drop in key metrics such as activity, inflows and volume.

By Suleiman Al-Khalidi

digital economy, trade and food security. UN secretary general Antonio Guterres, who was also present, said the UN, formed in 1945, must be reformed to reflect modern power realities. The big one was the expansion of Brics to include six new members, who will join the organization next year.

the future of BRICS-Plus. The Johannesburg summit of BRICS leaders, which ended on 23 August 2023, agreed to induct six new members: the United Arab Emirates (UAE), Saudi Arabia, Argentina, Iran, Egypt and Ethiopia. Along with the existing five members—Brazil, Russia, India, China and South Africa—the expanded grouping of 11 members now presents an interesting alchemy of geo-political and geo-economic interests.

MOSCOW (Reuters) -Russian investigators said on Sunday that genetic tests had confirmed that Yevgeny Prigozhin, chief of the Wagner mercenary group, was among the 10 people killed in a plane crash last week.

Yevgeny Prigozhin comes exactly two months after he led a short-lived mutiny against Moscow. The Western leaders spoke about Russia's hand in the plane crash, but the accusations were rejected by the Russian authorities who called it an “absolute lie." "There is now a great deal of speculation surrounding this plane crash and the tragic deaths of the plane's passengers, including Yevgeny Prigozhin.

Yevgeny Prigozhin, who was confirmed dead on Sunday by Russia's Investigatice Committee after a plane crash near Moscow, was a Kremlin confident catapulted to infamy by the offensive in Ukraine before he turned his troops on Russia's capital. Prigozhin's order in June that his private fighting group march on Moscow to unseat Russia's top brass presented the most serious challenge to President Vladimir Putin's hold on power over more than two-decades. His forces captured a key military headquarters in the city of Rostov-on-Don in southern Russian before setting their course for Moscow, where authorities beefed up security in anticipation of a showdown. «The evil that the military leadership of the country brings must be stopped,» Prigozhin announced after claiming the defence ministry had launched strikes on Wagner bases. But the failed bid ended with Putin ultimately offering exile in neighbouring Belarus to the mutineers and Prigozhin, who then appeared in footage vowing to make Africa «freer» and suggested he was on the continent. Before Putin, who accused Prigozhin of treason, ordered troops to Ukraine in February last year, the 62-year-old mercenary head dispatched fighters from his private force to conflicts in the Middle East and Africa but always denied involvement. That changed last year when he announced himself as the founder of the Wagner group and began a mass recruitment drive at Russia's prisons for foot soldiers to fight in exchange for an amnesty. — Bitter top brass rivalry — He gained public acclaim as Wagner spearheaded the capture of several key Ukrainian towns including Bakhmut.

(Reuters) — Chinese refining giant Sinopec (OTC:SHIIY) Corp reported on Sunday a 20.1% fall in interim net profit for the first half of the year compared with the year-ago period, to 35.11 billion yuan ($4.82 billion), on lower crude prices despite higher refinery output and growth in fuel sales.

By Andrew Osborn

G20 summit, close to 3,500 rooms across big and small hotels in Delhi and Gurgaon have been booked, reported TOI. To cater to the needs of the leaders, over 10,000 hospitality professionals have been instructed to be present across 30 prominent hotels across central and south Delhi, Aerocity and Gurgaon. Delhi Police, Ministry of External Affairs and other embassies have already started security drills almost two months ago, according to TOI quoting a Hyatt Regency Hotel spokesperson. Hotel Arrangements for World Leaders Several luxury hotels across Delhi and other nearby locations have been selected to host the leaders. US President Joe Biden is expected to stay at ITC Maurya while Chinese President Xi Jinping is set to be hosted by Taj Palace. Other hotels such as Shangri La's Eros expected to have UK PM Rishi Sunak and German delegation, The Imperial may host the Australian PM and Indonesian delegation, Taj Mahal to have UAE delegation; Leela Palace expects Saudi Arabia delegation, The Lalit to have Canadian and Japanese delegations, The Claridges expects French president Emmanuel Macron and The Oberoi will host Russian delegation. During the stay, several preparations are in place to give the world leaders a taste of the Indian culture. «Indian musicians, especially the ones good at playing dhol, tabla, sitar, sarod and shehnai, are being signed up for welcoming the guests and also for playing soft music through the day in lobby,» explained a hotel manager. Another hotel's representative explained that from 'organising a traditional Indian welcome with a popular local music or dance performance and signature Indian welcome drinks to stocking the rooms with specially curated amenities, such as Indian coffee, teas,

Chennai in the 1980s might have seemed an unlikely place to sample kvass and kimchi. Yet for one evening every year the Russian drink brewed from bread and the spicy fermented Korean cabbage was available to anyone willing to buy them for the benefit of charity. August 22 marks Madras Day, when the city was founded in 1639. It has grown from a one-day event to a full month celebrating the city’s often overlooked past.

Kremlin said Western suggestions he had been killed on its orders were an "absolute lie." In the clip, taken from an interview originally published on April 29 with Russian military blogger Semyon Pegov, Prigozhin said Russia was on the brink of disaster because the defence establishment was gradually kicking out truth-tellers who refused to suck up to upper management, Reuters has reported. "Today we have reached the boiling point," he said in the clip published on Grey Zone, Wagner's Telegram channel. "Why am I speaking so honestly? Because I don't have the right, before those people who will live on in this country.

Vladimir Putin has ordered Wagner fighters to sign an oath of allegiance to the Russian state after a deadly plane crash believed to have killed Yevgeny Prigozhin, the volatile chief of the mercenary group.Putin signed the decree bringing in the change with immediate effect on Friday after the Kremlin said that Western suggestions that Prigozhin had been killed on its orders were an «absolute lie».

Brent oil prices in July were up 14 per cent on the previous month, the biggest monthly increase since January 2022. Prices in August are trending about 3 per cent lower on the previous month as China demand worries weigh. China has also been drawing on record inventories amassed earlier this year as higher oil prices drive refiners in the world's biggest oil importer to scale back purchases, according to analysts quoted in the report.

Instacart on Friday said its core business turned profitable after making public its filing for a long-awaited stock market launch, while also disclosing an investment from PepsiCo Inc. San Francisco-based Instacart, which filed confidentially for its initial public offering (IPO) in May 2022, said in the filing to the U.S. Securities and Exchange Commission that PepsiCo had agreed to buy $175 million in preferred convertible stock. Norges Bank Investment Management, a division of Norges Bank, and entities affiliated with venture capital firms TCV, Sequoia Capital, D1 Capital Partners and Valiant Capital Management have agreed to participate in the IPO as cornerstone investors, Instacart said. For the six months ended June 30, Instacart's revenue came in at $1.48 billion, up 31% from the same period last year.

petroleum products made from Russian crude oil in India finding way to the European market, saying it defies the purpose of the sanctions against Moscow that are aimed at reducing its ability to finance the war with Ukraine. The European Union's Executive Vice-President and Commissioner for Trade, Valdis Dombrovskis, said oil products processed from Russian crude oil are arriving at the European market in «large quantities» and the grouping is looking at ways to deal with it. In an interaction with a small group of journalists, the EU Vice President, currently on a visit to India, accused Russia of using its energy supplies, and food as «tools» of «war and manipulation» to continue its attack on Ukraine. On the issue of food, Dombrovskis cited Russia withdrawing from the Black Sea grain initiative and blocking Ukraine's export of food grain to the world market. Since Russia's invasion of Ukraine in February last year, the Western powers have imposed a series of sanctions on Moscow including a price cap on Russian oil by G7-plus nations, in order to reduce its ability to finance the war on Ukraine.

B20 Summit India 2023 here, Tata Sons Chief Economist and Head of Policy Advocacy, Roopa Purushothaman said while inequality between countries has been getting better, inequality within countries has been worsening in the last few decades or more. «As we look forward, we're sitting amidst a group of trends that are really posing serious challenges to inclusion.

Reuters, the decree which was published on the website of Kremlin calls for the formal oath of allegiance to Russia for anyone working on behalf of the Russian government in its "special military operation" in Ukraine. On Thursday, President Vladimir Putin offered his condolences to all those who died in the plane crash and spoke about Yevgeny Prighozhin in the past tense.

Read more Jio Financial Services stock will now be removed from the all the S&P BSE indices, including Sensex, Sensex 50, BSE 100, BSE 500 among others, before opening of trading on September 1. Read more The Securities and Exchange Board of India (Sebi) on Friday informed the Supreme Court that it has concluded 22 out of 24 separate investigations into the Adani group, analysed data on nearly 350 million stock trades, and scrutinized dealings in seven Adani group firms involving tens of thousands of documents.

Binance has ended its relationship with five Russian banks under sanctions on the exchange's peer-to-peer service for ruble fund transfers.