Stock indices of the largest countries in the Asia-Pacific region (APR) do not show a single dynamics during trading on Tuesday.
The Japanese Nikkei 225 rose by 0.02% by 08:35 Moscow time.
Consumer spending in Japan rose 3.4% year-on-year in July, official statistics show. Analysts on average predicted an increase of 4.2%.
The growth leaders among the components of the index are shares of the chemical Unitika Ltd., which add 7.5%, the leaders of the fall are the papers of the electricity distribution company Tokyo Electric Power Co. Holdings Inc. (-four%).
Asia’s largest clothing retailer Fast Retailing is up 0.1%, automaker Nissan Motor Co. – decrease by 0.75%.
The Chinese Shanghai Composite index added 1.11% by 08:40 Moscow time, while the Hong Kong Hang Seng fell by 0.16%.
The People’s Bank of China (PBOC, the country’s central bank) intends to lower the required reserve ratio (RRR) for banks by 200 points, to 6%, starting from September 15, the regulator said. The decision was made against the backdrop of the fall of the Chinese yuan to its lowest value in two years, writes Trading Economics.
The leaders of the decline are the shares of car dealer Zhongsheng Group Holdings Ltd. (-4.9%), Alibaba Health Information Technology Ltd., which provides services for the collection and use of medical data, (-4.3%) and one of the largest bottled water producers in China, Nongfu Spring Co. Ltd. (-2.6%).
The South Korean Kospi index rose by 0.12% by 08:35 Moscow time.
Shares of one of the world’s largest manufacturers of chips and consumer electronics Samsung Electronics Co. fell by 0.18%, while automaker Hyundai Motor – rose by 0.25%.
The Australian S&P/ASX 200 is down 0.36% since the market opened.
The Reserve Bank of Australia (RBA) raised its key rate by 50 basis points for the fourth time in a row amid efforts to fight inflation, while warning of its readiness to continue tightening monetary policy.
The key rate was raised on Tuesday to 2.35% from 1.85%. Since May, the regulator has increased it by a total of 225 basis points – the highest rate of monetary tightening in almost 30 years, writes MarketWatch.
Consumer confidence in Australia rose 1.3% last week, hitting its highest since early June, according to ANZ Bank’s weekly survey.
Meanwhile, Australia’s current account surplus widened to A$18.3 billion in the second quarter from A$2.8 billion in the same period a year earlier, official statistics showed.
The market value of the world’s largest mining companies BHP and Rio Tinto decreased by 1% and 1.1%, respectively. Rio Tinto has entered into a binding agreement with Turquoise Hill Resources Ltd. about the acquisition of the remaining shares of the copper producer, which it does not already own, Rio Tinto said in a statement.
Kyiv plans to create a Municipal Bank and apply for the withdrawal of the insolvent Sich Bank from the market, Deputy Head of the Kyiv City Military Administration Mykola Povoroznik said.
“The city invests in the bank in order to create on its basis the Municipal Bank of Kyiv for further transformation into a universal financial instrument of the city. The municipal bank is the best and most reliable instrument for project financing and work with international financial organizations by foreign investors-partners to finance the work to restore the infrastructure of the city and the economy as a whole,” Povoroznik was quoted by the press service of the department in a message on the website of the administration.
He noted that the purchase of the Sich bank would make it possible to acquire a financial institution for less money and not wait one and a half to two years to create a new bank.
“For the city, buying an existing bank and turning it into a Municipal bank, as well as maintaining it, will cost a year less than what is currently spent on service fees at other banks,” the deputy head added.
In addition, such a decision will allow saving jobs and fulfilling obligations to the bank’s customers in full, the message says.
Average salary of staff employees (UAH)
State employment center
On Monday, the European Commission is signing a new budget support program with Ukraine in the amount of EUR 500 million.
The corresponding announcement in Brussels on Monday was made by the representative of the European Commission, Eric Mamer, talking about the documents to be signed within the meeting of the Council of the Ukraine-EU Association.
Mamer said on the sidelines of the Council, the European Commission is signing four sectoral agreements with Ukraine to further strengthen Ukraine’s cooperation with the EU. According to him, first, the European Commission and Ukraine are signing a new EUR 500 million budget support program as part of a pledge announced by the President as part of the Support Campaign for Ukraine in April and at a high-level conference held in Warsaw in May. This funding will guarantee housing and education for internally displaced persons, and will also support the agricultural sector, Mamer said.
The European Commission will also sign a number of other agreements. Among them is the participation of Ukraine in the European Union’s program “Digital Europe,” another agreement will allow Ukraine to participate in the tax program.
Scientists from the US National Institutes of Health recently found that tea has a beneficial effect on human health.
So, according to the study, those who drink at least two cups of black tea a day are more likely to live a long life than those who do not drink tea at all.
The researchers analyzed data from the British Biobank Genetic Information Repository of nearly 500,000 men and women aged 40 to 69 living in the UK.
As it turned out, 85% of these people regularly consumed tea. This is not surprising, given the love of the British population for tea and the traditions associated with this drink.
The results showed that the risk of death in the middle age group from diseases associated with the cardiovascular system is 9-13% lower in those who drink at least two cups of tea per day than in those who refuse this drink in general. .
At the same time, the authors of the study note that it does not matter exactly how you drink tea – with milk, sugar or lemon, the presence of the drink itself in your diet is important.
Professor of Medical Sciences and one of the authors of this work, Fernando Artalejo, however, notes that it is still impossible to say categorically that it was tea that caused less mortality in the studied population category. According to him, it cannot be ruled out that there were other factors not related to the use of tea.
Meanwhile, Chinese scientists have also reached similar conclusions about a possible connection between tea consumption and health effects. They found that the risk of dementia and heart attack is lower in people who drink two to three cups of coffee a day, or three to five cups of tea a day.
PJSC “Rivneazot” from the group of enterprises of the nitrogen business Group DF resumed the operation of the ammonia complex with a capacity of more than 650 tons of ammonia / day, and also began the launch of a limestone-ammonium nitrate (IAC) shop with a capacity of 1600 tons / day and a shop for non-concentrated nitric acid – a raw material for the production of fertilizers – with a capacity of 960 thousand tons of nitric acid per year.
“We have begun a planned seasonal campaign to launch key workshops. First of all, we will increase the production of IAC, the most demanded fertilizer today. Further resumption of production capacities will depend on market conditions – capacities will be loaded in proportion to effective demand,” the statement reads. Group DF message on Monday, the words of the head of the board of the enterprise Mikhail Zabluda.
He emphasized that an equally important factor in the resumption of the full cycle of production of mineral fertilizers is the availability and current cost of gas required for the production of fertilizers.
Zabluda pointed out that the decision to increase IAS production is due to the gradual resumption of seasonal demand for this fertilizer, as well as the opening of new export opportunities.
“Being a part of the Ostchem holding, Rivneazot prepared for the autumn season in a timely manner and in full in order to supply Ukrainian farmers with basic nitrogen fertilizers,” the head of the board noted.
According to the release, the restoration of work was preceded by the completion of the planned overhaul of the gas synthesis treatment unit in the Ammonia-2 shop, the overhaul of the turbogenerator unit, as well as the overhaul of unit No. 6 with a capacity of 120 thousand tons per year in the non-concentrated nitric acid shop and a number of necessary preparatory work equipment.
Group DF consolidates assets in the gas distribution, chemical, titanium and port industries, as well as in agriculture and media. The founder and owner of Group DF is Ukrainian businessman Dmitry Firtash.
Ostchem is a Group DF nitrogen holding uniting the largest producers of mineral fertilizers in Ukraine. It includes Rivneazot, Cherkasy Azot, as well as Severodonetsk Azot and Stirol located in the occupied territories.
PJSC “Rivneazot” has been part of the Ostchem group since 2011. According to Group DF, more than UAH 1.3 billion was invested in the enterprise during this time.
Rivneazot for 9 months 2021 received UAH 1 billion 811.79 million of net profit with a revenue of UAH 1 billion 676.24 million. The company ended 2020 with a net loss of UAH 4 billion 623.96 million after a net profit of UAH 4 billion 73.49 million a year earlier with a decrease in revenue by 7.3% to UAH 1 billion 831.63 million.
In the report for the 4th quarter of last year, the company indicated that it works on tolling raw materials, and its loss for the 4th quarter of UAH 624.7 million was caused by exchange rate differences, without which the company’s profit would have amounted to UAH 179.6 million.
