The Dobrobut medical network has launched the second stage of the program of free medications for oncology patients.
The nursing network informed Interfax-Ukraine that the program is implemented with the support of Direct Relief International Charitable Foundation.
During the second stage of the program providing free drugs for cancer patients will be able to get drugs for pancreatic, intestinal and breast cancer – Cyclophosphamide 500mg, Cyclophosphamide 1g made in USA and Fluorouracil 50mg made in UK.
“Patients who are diagnosed with breast cancer or colon cancer or pancreatic cancer and prescribed the appropriate drug can receive the drug,” the company specified.
“Dobrobut” is one of the largest private medical networks in Ukraine. It consists of 17 medical centers in Kyiv and Kyiv region, emergency service, dentistry and pharmacy. Medical centers of network provide services for children and adults in more than 75 medical directions. Annually experts of “Dobrobut” carry out more than 7000 operations. The network has over 2,800 employees.
Collaborates with a number of international charities Direct Relief International, Children of War Foundation, International Medical Corps and the University of Miami Global Institute, as well as the Dobrobut Foundation, a charitable foundation founded by the clinic.
Oil prices are stable Wednesday ahead of the release of last week’s U.S. energy inventory data and the country’s March inflation report.
June Brent crude futures on London’s ICE Futures exchange stood at $85.65 a barrel by 8:05 a.m. Wednesday, up $0.04 (0.05%) from the previous session’s close. Those contracts rose $1.43 (1.7%) to $85.61 a barrel on Tuesday.
The price of WTI futures for May oil grew by $0.07 (0.09%) to $81.6 per barrel at electronic trades of the New York Mercantile Exchange (NYMEX) by that time. Contracts rose $1.79 (2.2%) to $81.53 a barrel in the previous session.
“The recent OPEC+ decision to cut production continues to support the oil market,” said Warren Patterson, who is responsible for oil market strategy at ING Groep NV.
“However, at the moment all traders’ attention is focused on data on consumer price dynamics in the U.S., and higher-than-expected inflation will have a negative impact on risky assets,” Patterson was quoted by Bloomberg.
These data will be published by the Labor Department of the USA on Wednesday at 15:00 Moscow time. Experts questioned by Trading Economics on average predict a slowdown of inflation in the country in March to 5.2% on an annualized basis from 6% in February.
The market’s attention is also directed to the U.S. Energy Department’s report on the country’s energy inventories for the week ended April 7, which will be released at 5:30 p.m.
According to the American Petroleum Institute (API), released on Tuesday night, U.S. oil inventories rose by 377,000 barrels last week after falling by 4.3 million barrels a week earlier. Experts polled by Trading Economics, on average, had expected a 1.3 mln barrel increase in inventories.
Stocks at Cushing terminal, which stores oil traded on Nymex, decreased by 1.4 million barrels, API data show. If this estimate is confirmed by official data, the reduction in inventories in Cushing will be noted at the end of the sixth week in a row.
Structure of approved Ukrainian state budget expenditures for 2023
Source: Open4Business.com.ua and experts.news
In January-March 2023, Ukraine exported 5.3 thousand tons of frozen cattle meat worth $20.6 million.
This is evidenced by the data of the State Customs Service.
The main buyers of Ukrainian frozen cattle meat during the first quarter of this year were China (69%), Azerbaijan (9.8%) and Uzbekistan (7.3%).
Imports of frozen cattle meat during the first three months of 2023 amounted to 369 tons. In monetary terms, it cost Ukraine $1.6 million.
Most of all, Ukraine bought frozen cattle meat in Lithuania (45.1%), Brazil (40.6%) and Austria (13.4%).
As reported, global beef prices rose in March.
Traders are awaiting the release of data from the U.S. Labor Department on the country’s consumer price movements last month, which are considered key to the Federal Reserve’s (Fed) decision on the future direction of monetary policy.
“All markets are clearly focused on the extremely important U.S. inflation data,” notes SPI Asset Management managing partner Stephen Innes, quoted by Market Watch. – Traders are trying to figure out whether the Fed will change course after this data and what the implications for the U.S. economy will be.”
Experts polled by Trading Economics on average expect U.S. inflation in March slowed to 5.2% on an annualized basis from 6% in February.
Higher-than-expected inflation would raise the likelihood of another Fed rate hike by at least another 25 basis points. The U.S. central bank rate hike has already slowed inflation, but it is also holding back the economy. A further rate hike would increase the threat of recession, which would have a negative impact on stock markets, notes Market Watch.
Japan’s Nikkei 225 stock index gained 0.6% in trading.
SoftBank Group shares gained 1.4 percent, Nippon Yusen rose 2.4 percent, Mitsubishi Corp. – by 2.3%, Nippon Steel by 1.8% and Nintendo by 1%.
Bank of Japan data released Wednesday showed the country’s producer price growth slowed to an annualized 7.2% in March from February’s 8.3%. The rate of increase in producer prices last month was the slowest since September 2021.
China’s Shanghai Composite stock index added 0.3 percent in trading, while Hong Kong’s Hang Seng lost 0.8 percent.
The leaders in mainland China are commodities stocks – Petrochina Co. (SPB: 857) gained 3.4 percent, China Petroleum & Chemical Corp. (Sinopec) gained 1.7 percent and Zijin Mining Group Co. – by 0.7%.
Shares of technology giants are becoming cheaper in Hong Kong. Alibaba Group Holding (SPB: BABA) was down 2.4%. On Tuesday, the company unveiled its own artificial intelligence model, a ChatGPT counterpart that works with Chinese and English. The model will be integrated into all business applications in Alibaba’s ecosystem in the near future, the company said.
According to Bloomberg, Chinese authorities are planning to introduce the requirement of safety checks of technologies similar to the popular chatbot ChatGPT.
Shares of Tencent (SPB: 700) Holdings Ltd. fell 4.4% in trading and JD.Com Inc. (SPB: JD) fell 3.4%.
South Korea’s KOSPI stock index is stable in the course of trading, the Australian S&P/ASX 200 added 0.4%.
BHP Group shares rose 2.1%, Rio Tinto – 2.5%, Fortescue Metals – 1.5%.
Italy will continue to support Ukraine and will present a reconstruction plan for the country on April 26, Italian Foreign Minister Antonio Tajani said.
“In a telephone conversation with Dmitry Kuleba, he confirmed his support for Ukraine,” he wrote on Twitter on Tuesday.
“On April 26, we will present a plan for the reconstruction of Ukraine. We will perform together with our best companies,” he specified.
Tajani said he is in constant contact with IAEA head Rafael Grossi and stressed the importance of protecting the occupied Zaporizhzhia NPP. “It is extremely important to protect the Zaporizhzhya power plant,” he wrote.
As reported, Ukrainian Foreign Minister Kuleba held a conversation with Tajani on Tuesday, during which the sides discussed new possible assistance that Italy could provide to ensure Ukraine’s victory over Russian aggression.
It was also reported earlier that a conference on reconstruction and rehabilitation of Ukraine will be held in Rome at the end of April.
