Germany is providing EUR7.6 million to the International Commission on Missing Persons project to help Ukraine find those missing as a result of Russia’s invasion of Ukraine, the German embassy in Ukraine said.
“Germany is providing EUR7.6 million to the International Commission on Missing Persons project to help Ukraine find those missing as a result of Russia’s invasion of Ukraine. Training for Ukrainian forensic experts and investigators is also planned,” the embassy said in a Twitter post Tuesday.Germany to allocate more than EUR 7 million to help Ukraine find war missing – embassy
Ukrainian President Volodymyr Zelensky will attend the summit of the leaders of the G20 (G20) countries, presidential press secretary Serhiy Nikiforov told Suspicious.
“In some format, of course, Vladimir Zelensky will participate in the G20 summit. I can’t say more,” Nikiforov pointed out, noting that it’s probably about the online format.
The G20 summit will be held in Bali, Indonesia, on November 15-16.
Asian stock indices are changing in different directions in the course of trading on Tuesday.
Investors are awaiting the outcome of the midterm elections to the U.S. Congress, as well as fresh data on inflation in that country, which may determine the Federal Reserve’s further policy on raising interest rates, MarketWatch reports.
Japan’s Nikkei 225 Index was up 1.3 percent at 7:27 a.m. on good quarterly company reports.
Shares of Yamaha Motor Co. (+12.7%) demonstrated the most significant rise among components of the indicator. The company’s January-September revenue rose 23% to 1.677 trillion yen ($11.44 billion) and operating profit jumped 13% to 174.19 billion yen, thanks to higher prices and sales of motorcycles and boat engines.
Shimadzu Corp. gained 6%. The maker of precision measuring instruments posted a net profit of 24.5 billion yen ($167.1 million) in the first fiscal period (April-September) compared with 20.49 billion yen in the same period last year.
In addition, large companies such as SoftBank Group (+5.2%), Sony Group (+3.4%), Fast Retailing (+0.1%), Toyota Motor (+0.6%) and Nintendo (+1.6%) rose in value.
South Korea’s Kospi index was up 1% by 8:27 MSK.
One of the world’s biggest chip and electronics maker Samsung Electronics Co. gained 2.5% while Hyundai Motor dropped 0.3%.
Australia’s S&P/ASX 200 index rose 0.4%, ending “in the plus” for the third straight session.
Including the shares of all the four largest banks in the country went up: the Commonwealth Bank – by 1.4%, ANZ Bank – 0.3%, Westpac Banking – 2% and National Australia Bank – 0.7%.
At the same time stock quotes of the world’s largest mining company BHP declined by 0.3%.
China’s Shanghai Composite Index was down 0.65% by 8:32 a.m. Moscow timeframe, Hong Kong’s Hang Seng Index was down 0.6%.
Shares of restaurant chain owner Haidilao International Holding Ltd. (-4.5%), Internet companies Baidu (-3.5%) and Meituan (SPB: 3690) (-3%), brewery Budweiser Brewing Co. APAC Ltd. (-3.3%).
In addition, shares of Tencent Holdings Ltd. (SPB: 700) were down 0.3%, retailer Alibaba Group (SPB: BABA) – by 3.2%, carmaker BYD – by 2.6%.
The Antonov State Enterprise (Kiev) has started the construction of a second An-225 Mriya aircraft to replace the one destroyed by the Russians in February during the hostilities in Gostomel (Kiev region), said Yevhen Gavrilov, director general of the enterprise
“The works are being carried out in a secret location. The second An-225 will be built using both new parts and parts of the damaged aircraft,” Gavrilov told Bild.
According to him, the second Mriya is already 30% ready. The construction cost is estimated at EUR500 million.
Gavrilov said that at an exhibition at the Leipzig/Halle International Airport, where Antonov Airlines is temporarily based, there are plans to organize a sale of merchandise to raise funds for the construction of the aircraft.
Meanwhile later the company clarified that there are some inaccuracies in the previously publicized information: only design work has begun and there are only 30% of components for the new aircraft.
“Design work in this direction has now begun. According to the available expert estimates, there are currently about 30% of the components that can be used for the second prototype aircraft. The cost of building the aircraft is estimated at least at EUR500 million. However, it is still too early to talk about the specific amount,” clarified the SE “Antonov”.
Besides, the company added that “more detailed information will be disseminated after Ukraine wins the war”.
The U.S. dollar is strengthening against the euro, yen and pound sterling in trading Tuesday.
The ICE-calculated index showing the dollar’s dynamics against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona) is adding 0.22%, while the broader WSJ Dollar is up 0.14%.
The euro/dollar pair is trading at $1.0007 as of 8:15 a.m., compared with $1.0022 at Monday’s market close.
The U.S. currency rose to 146.67 yen from 146.61 yen in the previous session.
The pound exchange rate fell to $1.1491 from $1.1514 the day before.
Traders’ attention this week is focused on the inflation data in the U.S. for October, which will be published by the Labor Department of the country on Thursday. Experts polled by FactSet are predicting, on average, a slowdown in U.S. consumer price growth to 8 percent year-over-year, down from 8.2 percent in September.
October U.S. inflation data will likely be a key factor in determining how much the Federal Reserve (Fed) will raise the benchmark rate at its December meeting.
Last Wednesday, the Fed raised rates by 75 basis points (bps) for the fourth consecutive meeting, to 3.75-4% per year, the highest since January 2008. U.S. Central Bank Chairman Jerome Powell said that the Fed could begin discussing a slowdown in the rate hike as early as the December meeting. At the same time, he stressed that it was too early to talk about stopping the cycle of rate hikes, and its limit will be higher than previously expected.
President of the Federal Reserve Bank (FRB) of Boston Susan Collins, speaking at the Brookings Institution, said that in December the Fed will discuss the possibility of another rate hike of 75 bps, as well as its less significant increase – 50 bps.
Energy supplier YASNO is optimizing schedules of power outages to improve the predictability of businesses affected by them, the company’s CEO Serhiy Kovalenko said.
“The schedules will become more convenient for businesses. Previously, the addresses of legal entities, which were located in separate buildings, were not in the schedules of probable blackouts, so they could not determine when the power would be turned off. Now legal entity addresses are being added to the databases, so scheduling will become easier,” he wrote on Facebook Monday night.
He said work is continuing on the feedback to replenish the list of addresses that the company’s customers provide on the scheduling pages. The database has been updated in recent days – about 400 addresses have been added.
In all, YASNO has plugged emergency schedules as of Monday morning to stabilization schedules. A total of 804,000 points were shut down in three turns during the day and stabilized the system at 378 MW.
“Repairs are ongoing, so this situation will continue for some time. Please be patient,” Kovalenko noted.
Earlier, YASNO pointed out that Kiev usually consumes 1,000-1,200 MW.
