The Kyiv Court of Appeal denied to Russia’s Vnesheconombank (VEB) in recognition of the decision of the arbitrator of the Arbitration Institute of the Stockholm Chamber of Commerce, which, at the request of VEB, the Ministry of Justice of Ukraine was obliged to stop the forced sale of 99.77% of Prominvestbank shares.
The court agreed with the Ministry of Justice’s argument, that the decision of the arbitrator was made by the dispute, which does not fall under the terms of the arbitration agreement, which means that “the arbitrator did not have jurisdiction to rule against Ukraine in this case.”
The court also stressed that “the state of Ukraine was deprived of the opportunity to state its position in detail in the case for reasons beyond its control.” Herewith recognition and execution of the arbitrator’s decision contradicts the public order of Ukraine.
Shares of Tesla closed on Monday with a fall of 1.44%, continuing to decline on Tuesday, their price is now below $ 2000. This situation was preceded by a Bloomberg publication on reducing the number of registrations of Tesla, electric cars made in China. Tesla did not confirm the information; in its reports the company […]
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In the course of the global restructuring, ASUS in Ukraine closes entity which hasn’t worked for several years. Asus Technology PTE Limited Company (registered in Singapore) announced the cancellation of registration through the liquidation of its office Asus Technology PTE (Kiev). This is stated in a message of the government publication Governmental Courier. The head […]
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The Dow Jones and S&P 500 stocks hit record highs on Tuesday, November 24 amid official news of the transfer of power in the United States and progress in the development of coronavirus vaccines. In particular, the Dow Jones industrial index rose by 1.5% and for the first time in history exceeded 30,000 points. According […]
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The state owned enterprise Artemsol plans to open logistics centers in Europe, which will give an opportunity to take new markets and increase the volume of sales of products, says the press-service of the enterprise. “We plan to open logistics centers in Ukraine and in Europe. This will solve the problem of deiveries from the […]
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The Japanese electronics giant Toshiba Corporation in the first half of the 2020-2021 fiscal year (ended September 30) earned a net profit of 3.493 billion yen ($ 32.95 million) against a loss of 145.146 billion yen ($ 1.3 billion) a year earlier. it is said in the company’s reporting. The company’s operating profit was 3.114 […]
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In January-October 2020, Ukraine reduced exports of agricultural products by 1.7% compared to the same period last year. According to the Ukrainian Club of Agrarian Business Association exports were reduced exactly to $ 17.6 billion. According to this data, imports of agricultural products for the reporting period increased by 14.4% to $ 5.1 billion. Thus, […]
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The LetterOne Holding (L1), one of whose shareholder is the billionaire Mikhail Fridman (who was born in Lviv, and who is one of the shareholders of Alfa-Bank Ukraine), invested $ 200 million in Uber taxi service. This is stated in the message of LetterOne. “I am very pleased with our strategic partnership with Uber. As […]
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Shares of Zoom and other companies, which rose amid the pandemic and lockdown, fell in trading on Monday. The reason was the announcement of two biotechnology companies about the successful testing of a promising vaccine, writes CNBC. Shares of the Zoom video conferencing service fell 17.4% by the end of the trading day. Amazon and […]
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International financial company Fairfax Financial Holdings Limited (Toronto headquarters, Canada) purchased 9.99% of shares of agricultural Ukrainian holding Astarta, which is the flagship of the domestic sugar market, which also is one of the largest provider of milk in the country. In addition,a new owner of shares acquired the right to purchase the remaining interest […]
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At the close of trading on the New York Stock Exchange on Monday, July 13, Tesla Inc. stock price fell to $1497 per share from a record $1794 recorded in the first hours after the trading opened. Consequently, the company’s capitalization in just a few hours fell from $321 billion to $277 billion. Tesla’s previous […]
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In the world last week, coronavirus was found in another 2.4 million people – a record high since the beginning of the pandemic. This was reported by the WHO on Tuesday, October 20. “The number of new COVID-19 cases continues to grow rapidly, while the number of new deaths remains relatively stable … As of […]
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Shares of Lyft, which fell 16.2% since the beginning of the year but jumped 37.4% over the past week, rose 5.8% amid investor reaction to the company’s quarterly report. Lyft reported a loss for the third quarter (ended September 30) at $ 1.46, which is worse than analysts’ forecasts at – $ 0.91 loss per […]
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The President of Ukraine signed the agreement on association with the EU on September 16, 2014. It was what all country has aimed and waited for so long. However, what we have today ?Are the expectations met? We decided to talk about it within the weekly Analytics from LDaily heading this time. First of all, it will […]
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Before starting flights, Boeing will need to comply with a number of regulatory requirements – retrain pilots and update aircraft software. Boeing shares in the premarket rose by 6.73% to $ 234.16 per share, according to previous trading data. The head of the US Federal Aviation Administration (FAA), Steve Dickson, has signed an order allowing […]
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Some owners of PrivatBank payment cards can have difficulties while paying goods and services via the terminal or PayPass. It is reported by Ukrainian news portal AIN.UA referring to the information furnished by the Bank. According to official explanations by consultants of nationalized financial institution customers whose card starts from a combination of numbers 5457, […]
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There are no grounds for devaluation of the hryvnia to UAH 30 / $. This was stated by Finance Minister, Serhiy Marchenko in an interview with Focus. “I do not see the preconditions for the course to reach such a value. And I do not see any tools with which anyone can influence the course […]
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