Central bank official rates of banking metals as of September 05
One troy ounce=31.10 grams
Four out of six employees of the International Atomic Energy Agency, who remained at the Zaporizhzhya nuclear power plant seized by Russian troops since September 1, have left it, Energoatom reported
“Today, four out of six representatives of the IAEA inspection team completed work at the Zaporozhye NPP and left its site,” the company said in a statement on Monday morning. According to him, two representatives will continue to work at the station on a permanent basis.
As reported, the head of the IAEA, Grossi, announced a permanent mission of the agency to the Zaporizhzhya NPP, consisting of two people from the beginning of this week.
First Deputy Prime Minister of Ukraine and Minister of Economy Yulia Svyrydenko and Federal Minister of Labor and Economy of Austria Martin Kocher signed a framework agreement between the governments of the two countries on economic cooperation in the development of projects.
According to the press service of the Ministry of Economy of Ukraine on Sunday, the signing of the agreement took place on Sunday, September 4, in Krakow during Yulia Svyrydenko’s visit to Poland.
“We hope that the economic cooperation agreement signed today will allow us to launch a number of important projects, in particular, in the healthcare sector. Among the priorities are the construction and equipping of the Okhmatdyt National Children’s Specialized Hospital and a modern university clinic in Kyiv, as well as the creation of the National Rehabilitation Center in Lviv. The estimated cost of these projects will be more than EUR 500 million,” Svyrydenko said.
According to her, for the implementation of these projects, concessional long-term financing will be attracted under the guarantees of European export credit agencies. It is expected that the effective rate of attraction of funds will not exceed 3% per annum, and the borrowing period will be up to 14 years. Such concessional targeted financing of socially significant projects is a good alternative and addition to more expensive and short-term obligations, usually borrowed to replenish the working capital of the state budget.
According to the agreement on economic cooperation in the development of projects, the governments of Ukraine and Austria agreed to promote the development of modern social and educational infrastructure, in particular, a network of modern medical and vocational educational institutions, to promote the development of the medical insurance market in Ukraine, and to intensify bilateral economic relations in the field of investments, innovations and implementation of economic projects, especially in the field of medical technologies and healthcare institutions.
Svyrydenko also expressed her gratitude to the Austrian partners for financial and humanitarian assistance to Ukraine and for the initiative of Austria to take patronage in the restoration of Zaporizhia region.
Ukraine increased fuel imports 12-fold over the six months of the war – from almost 60,000 tonnes in March to 710,000 tonnes in August, First Deputy Prime Minister and Minister of Economy of Ukraine Yulia Svyrydenko said.
“If in March we imported an average of 827 tonnes of gasoline and 1,400 tonnes of diesel fuel per day, then in August – 4,200 tonnes and 16,900 tonnes, respectively. We see a gradual accumulation of oil products on the market due to the constant growth of imports. That is why today there is no excessive demand for fuel, there are no queues at gas stations, and prices do not show a tendency to rapid growth,” Svyrydenko said, the words of which are quoted in the message of the Ministry of Economy on the website on Friday.
According to the Ministry of Economy, a total of 58,800 tonnes of gasoline, diesel fuel and liquefied gas were imported in March, 380,800 tonnes in May, and 709,500 tonnes in August.
“According to consumption forecasts in September-December, Ukraine needs 500,000-550,000 tonnes of fuel every month. We import large volumes, which allows us to fully meet the needs of the Armed Forces of Ukraine, as well as emergency and public services, farmers, and public transport,” the first deputy prime minister said.
According to her, the increase in imports was facilitated, in particular, by the abolition of excise duty on petroleum products, the reduction of VAT from 20% to 7%, the suspension of regulation of fuel prices, as well as a number of measures aimed at facilitating the import of fuel into Ukraine.
She also noted the westward reorientation of fuel imports that occurred after the Russian invasion.
“Today, we receive 95% of imported gasoline and 72% of diesel fuel from EU countries. The leaders in supply are Romania, Lithuania, Slovakia, Greece, Bulgaria and Poland. So, quite quickly, we were able to radically change the vector of oil product imports in such a way as to receive it in sufficient quantities to cover all our needs,” Svyrydenko emphasized.
Average monthly wage by region in Jan 2022, UAH
SSC of Ukraine
The exception is Hong Kong’s Hang Seng, which fell more than 1.5% by 8:31 AM ET.
The decline leaders are shares of automotive companies Geely and BYD, which lost 6.3% and 5.3%, respectively. On Friday it became known that the investment company of American billionaire Warren Buffett Berkshire Hathaway continued to reduce its stake in BYD and sold the second stake in the automaker in two weeks.
In addition, papers of online retailers JD.com Inc. are getting cheaper. (-3.4%) and Alibaba (-2.7%), consumer electronics manufacturer Xiaomi Corp. (-2.9%), Internet giant Tencent Holdings Ltd. (-3.1%).
Following the increase in oil prices, stock prices of representatives of this industry are growing: PetroChina Co. (+1.9%), China Petroleum & Chemical Corp. (+1.7%) and CNOOC (+1.5%).
The Chinese authorities are introducing restrictive measures and continue mass testing for COVID-19 among more than 20 million residents of the city of Chengdu, the administrative center of Sichuan province. It is the sixth most populous city in the country. In addition, measures to restrict movement were taken in Shenzhen.
Business activity in China’s industrial sector rose for the third month in a row in August, according to the Purchasing Managers’ Index (PMI) calculated by Caixin Media and S&P Global.
While the PMI slipped to 55 from a 15-month high of 55.5 in July, it remained above the 50-point mark, which indicates an increase in activity in the sector. At the same time, analysts expected the index to fall to an average of 51 points, according to Trading Economics.
Consolidated PMI last month decreased to 53 points from 54 points in July.
The Chinese Shanghai Composite index is almost at the level of previous trading, as well as the Japanese Nikkei 225.
The price of securities of the Japanese oil company Inpex is growing by 0.7%, non-ferrous metals producer Sumitomo Metal Mining Co. – by 1.9%, investment technology company Softbank Group – by 0.15%.
Asia’s largest clothing retailer Fast Retailing is down 1%, automaker Nissan Motor Co. – by 1.6%.
The South Korean index Kospi by 08:20 Moscow time fell by 0.3%.
Shares of one of the world’s largest manufacturers of chips and consumer electronics Samsung Electronics Co. fell by 1%, while automaker Hyundai Motor – rose by 1.8%.
The Australian indicator S&P/ASX 200 added 0.2% since the market opened.
The market value of the world’s largest mining companies BHP and Rio Tinto rose by 2.6% and 1.8%, respectively.
Retail sales in Australia rose 1.3% month-on-month in July to a record A$34.67 billion, final data show. This is the biggest increase since March.
