|Bid||14,552.00 x 1500|
|Ask||14,560.00 x 100|
|Day's Range||14,458.00 - 14,700.00|
|52 Week Range||10,174.00 - 14,796.00|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||1,123.86|
|Earnings Date||Aug 12, 2019 - Aug 19, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||222.53|
Igor Sechin, CEO of Russian oil giant Rosneft, accused the United States of using energy as a political weapon and said on Thursday that the U.S. golden age of energy had become an "era of energy colonialism" for other countries. Speaking at an economic forum in St Petersburg, Sechin said a third of global oil reserves were restricted by U.S. sanctions on Iran and Venezuela and that Washington was losing moral ground as a self-styled leader of open markets.
The founder of Russian lender TCS Group sold $150 million of its global depository receipts (GDRs) on Thursday, the second time this week that a Russian billionaire has cashed in on an investment amid favourable market conditions. Russian businessmen Roman Abramovich and Oleg Tinkov offloaded some of their respective stakes in their companies through accelerated bookbuilding deals (ABB), which investment bankers said demonstrates continued global interest in certain Russian assets despite sanctions and a challenging business environment in the country. The shares represent a 1.7 stake in the company and were mostly bought by British-based investors.
Emerging market stocks fell on Wednesday as investors stayed away from riskier assets ahead of more make-or-break British parliamentary votes on Brexit. Currencies in the developing world made marginal moves after British lawmakers crushed May's Brexit deal on Tuesday night, forcing parliament to vote within days whether to back a no-deal Brexit or seek a last-minute delay. "While the government's deal has now been rebuffed twice, the result of the vote still provides little clarity on the eventual outcome," said UBS analysts in a note.
NEW YORK, NY / ACCESSWIRE / February 26, 2019 / Public Joint Stock Company Mining & Metallurgical Company Norilsk Nickel Sponsored ADR (MOSCOW EXCHANGE: GMKN ) will be discussing their earnings results ...
FRANKFURT/MOSCOW (Reuters) - Germany's BASF and Russian miner Norilsk Nickel (Nornickel) have struck a nickel and cobalt supply deal to meet growing demand for electric vehicle (EV) batteries. Underpinned by a new BASF cathode plant in Finland, the agreement could provide fresh impetus to European efforts to create battery cell manufacturing capacity in a market dominated Chinese and Korean producers. Chemicals giant BASF will build a plant to produce cathode materials for batteries in Harjavalta, Finland, adjacent to a nickel and cobalt refinery owned by Nornickel, the world's second-largest nickel miner and a major cobalt producer.
Several major Russian companies are exploring ways to do deals abroad without using dollars, spurred on by a U.S. threat to broaden sanctions that have impeded access of some Russian firms to the international banking system. Russian Alrosa, the world's biggest producer of rough diamonds in carat terms, said it had completed a pilot deal with a Chinese client using yuan in the summer and another non-dollar transaction with an Indian client. Other companies working on similar transactions include energy firm Surgutneftegaz, agricultural company Rusagro and miner Norilsk Nickel.
Expectations of a boom in demand for electric vehicles are leading investors and battery makers to stockpile nickel and helping to fuel a spike in global prices of the metal, Russian mining company Norilsk Nickel said on Monday. Nornickel, the world's second-largest nickel producer, said demand for the metal from the battery sector leapt 38 percent in the first half of this year versus the same period last year. Along with demand from the stainless steel sector, this helped boost prices to $15,750 per tonne in June, their highest in over four years, the company said, with the battery sector accounting for 5 percent of total global nickel demand.
Russia's Norilsk Nickel (Nornickel) posted a 77 percent leap in first-half core earnings, with strong global prices offsetting the impact of U.S. sanctions on the company's co-owner. The results mark the first test of Nornickel's financial health since the United States imposed sanctions in April on aluminium giant Rusal, which holds a 27.8 percent stake in the company. At $3.1 billion, Nornickel's first-half earnings before interest, tax, depreciation and amortisation (EBITDA) beat expectations.
* Kremlin economic aide Andrei Belousov, whose proposal to raise 500 billion roubles ($7.5 billion) a year from metal and mining firms is to be considered by Russian President Vladimir Putin, said the companies "need to share", according to Vedomosti newspaper. * "It is sensible to create a mechanism permitting the extraction from commodities exporters of a part of their additional revenues, which they are receiving as a result of the weakening rouble... and growth of global prices on their products," Vedomosti cited Belousov as saying. * The mechanism is needed in order to share the tax burden fairly, Belousov is quoted as saying.
The Russian rouble sank to its lowest level since early June 2016 on Friday, battered by concerns over the impact of new U.S. sanctions, falling oil prices and a broadly stronger dollar. "The Russian currency has been caught in a perfect storm of weakening crude oil prices and the new US sanctions, in addition to the threat of even tougher punitive measures in the coming months," said Lilit Gevorgyan, an economist at IHS Markit. The United States announced new measures on Wednesday targeting Russia that pushed the rouble sharply lower and sparked a wider sell-off over fears Russia was locked in a spiral of never-ending sanctions.
LONDON/MOSCOW (Reuters) - Russian tycoon Oleg Deripaska got a boost on Wednesday in a long-running battle for control of Norilsk Nickel when a high court judge ruled fellow investor Roman Abramovich did not have the right to sell shares in the miner to a third businessman. Deripaska, who controls aluminium giant Rusal , wants to stop Abramovich from selling Norilsk Nickel (Nornickel) (GMKN.MM) shares to Russian businessman Vladimir Potanin, saying that would violate a 2012 shareholder agreement.