The Moscow Stock Exchange will launch premium options trading for currency pairs, the ICS Holding IT group intends to go public, the replacement of Western technologies in the Russian Federation may take 10-15 years and other events on 30 of June.
Finance
- Starting from July 3, the Moscow Stock Exchange will launch premium options trading for currency pairs: the US dollar – the ruble, the euro – the ruble, and the Chinese yuan – the ruble.
- The yuan has become the main currency for importers of electronic products. In the second quarter of 2023, for the first time, it accounted for more than 50% of payments for household appliances and devices purchased by Russian importers, Izvestia writes.
Business
- Sales of flagship smartphones from Apple and Samsung in unit terms fell to 25%, in monetary terms they occupy about 50%. This is comparable to the state of the market in 2013.
- Russian IT group ICS Holding intends to list bonds on the Moscow Stock Exchange and enter the IPO in 2024. The placement date will be determined at the end of this year.
- According to the results of April-May 2023, the number of buyers in Moscow jewelry stores turned out to be 6% less year on year. The segment cannot yet recover after a serious drop in customer traffic last spring, Kommersant writes.
Technologies and services
- The replacement of Western technologies in Russia can take 10-15 years. Some of the products will be produced domestically and some will be imported from Southeast Asia.
Author:
RB team
Source: RB
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