Business news from Ukraine

Business news from Ukraine

A number of Kyiv museums are asking for help in rebuilding after consequences of rocket attacks

The capital’s museums that suffered from rocket fire are closed until approximately October 16, the liquidation of the consequences is underway, and fundraising for restoration work has been announced.

The Khanenko Museum, in particular, reported that the team was not injured, the collection has been safe since the beginning of Russia’s full-scale invasion of Ukraine.

“The work on assessing the damage is ongoing. You probably saw in numerous photos and videos from the scene that the windows of the museum were damaged. We have already blocked them and removed the broken glass. Thanks to the friends and volunteers of the museum for this!” on Facebook.

For those wishing to help financially, the accounts of the museum’s partners, the Mizhvukhami Fund charitable organization are published:

UA323052990000026001016208973 UAH/840

UA753052990000026001046225528 EUR/978

UA633052990000026006026228830 USD/840

In the appointment it is necessary to indicate “For the Khanenkiv Museum”.

The National Science and Natural Museum of the National Academy of Sciences of Ukraine reported that the windows of the courtyard of the museum in the exposition halls of the geological, paleontological and zoological departments were knocked out by the blast wave.

“We are forced to ask for help. We urgently need materials or funds to purchase materials for the prompt repair of broken windows,” the museum’s page says.

If you can help financially – charitable account of the National Science and Natural Museum:

UA 958201720313271001302009806

Code ЄDRPO19020229

Full name: National Science and Natural Museum of the National Academy of Sciences of Ukraine (abbreviated as NNPM NAS of Ukraine)

If there is an opportunity to help with materials – the phone number of the director for museum and scientific work Chervonenko Oksana Vladimirovna +380503113256.

As reported, during a massive rocket attack on October 10, the buildings of the Taras Shevchenko National University of Kyiv (the Red Building and the building of the Institute of Philology), the Scientific Library named after M. Maksimovych, the Institute of Literature of the National Academy of Sciences of Ukraine, the Institute of Archeography of the National Academy of Sciences of Ukraine, the National Philharmonic, the House of the Central glad, which houses the Pedagogical Museum of Ukraine and the Museum of the Ukrainian Revolution of 1917-1921. Also, the National Museum of Arts named after B. and V. Khanenko, the National Museum of Taras Shevchenko, the Kyiv Art Gallery, the National Research and Restoration Center, the memorial museum-apartments of M. Bazhan and P. Tychyna, the National Science and Natural Museum of the National Academy of Sciences of Ukraine Ukraine, Museum of the history of the city of Kyiv.

https://www.facebook.com/khanenkomuseum/photos/a.10155621344004162/10161146499489162/

https://www.facebook.com/NationalMuseumofNaturalHistoryKyiv/photos/a.178271882368376/2008546586007554/

The Open4Business project is ready to process and post information about humanitarian requests from organizations in need of restoration free of charge.

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Dollar appreciates moderately against major currencies

The dollar is moderately rising against a basket of major world currencies on Tuesday morning, strengthening for the fifth session in a row on expectations of new rate hikes by the Federal Reserve.

The ICE-calculated index, which shows the dynamics of the US dollar against six currencies (the euro, the Swiss franc, the yen, the Canadian dollar, the pound sterling and the Swedish krona), is growing by 0.24%, the broader WSJ Dollar – by 0.22%.

The euro/dollar pair is trading at $0.9687 by 8:53 pm compared to $0.9704 at the close of the session on Monday, the euro is losing about 0.2%.

The exchange rate of the US currency against the yen is 145.79 yen compared to 145.72 yen the day before, keeping close to the highest level in 24 years, which provokes expectations of new interventions to support the yen from the Japanese government.

The pound fell 0.3% to $1.1028 compared to $1.1057 at the close of the previous session.

By the beginning of next year, the level of the key interest rate in the US may slightly exceed 4.5%, according to the chairman of the Federal Reserve Bank (FRB) of Chicago, Charles Evans. According to him, the Fed will need to keep rates high for some time to cool the economy and the labor market.

Meanwhile, Fed Vice Chair Leil Brainard on the eve noted the need for tightening monetary policy to slow inflation, but added that the central bank’s decisions would depend on incoming statistical data.

The dollar also supports the demand for defensive assets, which increased after the speeches of the heads of the International Monetary Fund and the World Bank. In a joint event on Monday, they warned of rising risks of a global recession amid slower growth in advanced economies, record inflation and rising interest rates.

The IMF estimates that countries that account for about a third of global GDP will face at least two quarters of economic decline this year and next, and by the end of 2026 the global economy will lose about $4 trillion.

Stock indices of Asia-Pacific countries fall sharply on Tuesday

Stock indices of the Asia-Pacific region (APR) fall sharply during trading on Tuesday.

In particular, the pressure on the markets is exerted by the fall in the shares of the technology sector.

As reported, the US authorities last week introduced new restrictions on the supply of advanced chips and equipment for the production of semiconductors to China to prevent the development of the Chinese military industry through these products.

In addition, Asian markets are declining following the dynamics of Wall Street.

American stock indices fell on Monday for the fourth session in a row. At the same time, the value of the Nasdaq Composite fell to a minimum in more than two years – since June 28, 2020, according to Dow Jones Market Data.

The value of the Japanese index Nikkei 225 to 8:19 qoq decreased by 2.6%.

Japan’s current account surplus narrowed to 58.9 billion yen in August from 1.5 trillion yen in the same period a month earlier, according to Japan’s finance ministry. Analysts on average had forecast a surplus of 121.8 billion yen, according to Trading Economics.

Meanwhile, Japan’s services sentiment indicator rose 2.9 points in September from a month earlier, to a high since June of 48.4 points, according to Economy Watchers data.

Among the components of the index, Nidec Corp. shares are among the drop leaders. (-9.4%), SMC Corp. (-6.7%) and Yaskawa Electric Corp. (-6.2%).

The Hong Kong Hang Seng fell 2.2% by 8:25 qoq, the Shanghai Shanghai Composite – 0.2%.

Longfor Group Holdings Ltd. shares fell most significantly in Hong Kong. (-8.2%), Meituan (-7.2%) and Country Garden Holdings Co. Ltd. (-6.8%).

The South Korean index Kospi by 8:23 q decreased by 2.1%.

The value of shares of automaker Hyundai Motor fell by 4.8%.

Quotes of securities of one of the world’s largest manufacturers of chips and electronics Samsung Electronics Co. are down 1.4%, while shares of its rival LG Electronics are down 4.3%.

The Australian S&P/ASX 200 fell 0.3%.

The capitalization of the world’s largest mining companies BHP and Rio Tinto fell by 0.4% and 0.6%, respectively.

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13 ships leave Odesa ports on Grain Initiative

On Sunday, October 9, some 13 ships with 230,700 tonnes of agricultural products for the countries of Africa, Asia and Europe left the ports of Odesa, Pivdenny and Chornomorsk, the Ministry of Infrastructure of Ukraine reported.

“Among them are the bulk carriers ARGONAUT, carrying 71,000 tonnes of wheat for Indonesia, the ALI A (7,000 tonnes of wheat for Lebanon) and the MEHMET BEY (8,000 tonnes of soybeans for Egypt),” the press service informs.

Since the start of the grain corridor operation, 305 ships have exported 6.8 million tonnes of Ukrainian food to the countries of Africa, Asia and Europe.

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Duration of power outage in Kyiv and region will be about 2 hours

By order of the chief dispatcher of NPC Ukrenergo, power supply to some industrial enterprises and household consumers was temporarily limited in Kyiv and the Kyiv region, the duration of the outages will be about two hours, DTEK Grids said.

“In order to maintain the integrity of the energy system, NPC Ukrenergo has decided to temporarily limit power supply in Kyiv and the region. With this order, Ukrenergo turned to DTEK Kyiv Electric Grids and DTEK Kyiv Regional Electric Grids,” DTEK Grids said in a release.

The outages are expected to last around two hours to balance the country’s power grid, according to the release.

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NATO Secretary General condemns Russian attacks on Ukraine’s civilian infrastructure

NATO Secretary General Jens Stoltenberg had a conversation with Ukrainian Foreign Minister Dmytro Kuleba in connection with massive rocket attacks on Ukrainian cities on the morning of October 10.

“Speaked to Foreign Minister Kuleba and condemned Russia’s horrendous and indiscriminate attacks on civilian infrastructure in Ukraine. NATO will continue to support the courageous Ukrainian people in fighting the Kremlin’s aggression for as long as it takes,” Stoltenberg tweeted.

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