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The main events by the morning: April 29


April, 29 2024
watermark Economic news

  • Elon Musk unexpectedly arrived in Beijing after the visit of the head of the State Department Blinken. The meeting with Chinese Premier Li Qiang was an opportunity to highlight Tesla's successful cooperation in China, which can be interpreted as a hint from Beijing of its willingness to negotiate with certain American companies.


  • The government will help «Mechel» and «Raspadskaya» companies. The authorities have abolished export duties on coal until August 2024.


  • Germany opposed the confiscation of Russian assets frozen in the West. Berlin is afraid of provoking lawsuits against Germany for crimes of the Second World War. 


  • Turkey is interested in purchasing American LNG from Exxon. According to media reports, Turkey is negotiating with Exxon to acquire 2.5 million tons of LNG for 10 years. This represents about 7% of Turkey's annual consumption. Probably, such a step on the part of Turkey is aimed at ensuring more favorable conditions in a new long-term contract with Russia, which ends in 2024.


  • «Mir» cards may soon appear in Egypt. The Central Bank of Egypt is actively working on the integration of the Russian payment system with the local banking network.


  • Sovcomflot has successfully completed the unloading of oil and fuel in India. The company's vessels unloaded 664 thousand tons of petroleum products. Market participants can exhale: problems with Russian oil supplies are being solved.

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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.