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Buffett's profits jumped 21% amid economic recoveryIn the second quarter of 2021, the profit of the investment holding B...
09/08/2021

Buffett's profits jumped 21% amid economic recovery
In the second quarter of 2021, the profit of the investment holding Berkshire Hathaway of American billionaire Warren Buffett increased by 21% and amounted to $ 6.69 billion, according to a report published on the company's website, writes Forbes.
Economic recovery
According to Bloomberg, Buffett's company was helped by the recovery of the US economy after the coronavirus pandemic. The holding itself noted that most of its portfolio companies, including service, manufacturing and retail firms, have suffered from covid-19, but now their figures are approaching pre-pandemic levels, and in some cases even exceeding them.

According to reports, Berkshire Hathaway's quarterly revenue from railways, utilities and energy jumped 27% year-on-year to $ 2.26 billion.Revenues from the "other businesses" category, which includes development, the chemical industry and insurance, grew by more than 100% to $ 3 billion.

At the same time, Buffett's holding suffered due to the costs of Geico car insurers, which belongs to him.

In the second quarter, Berkshire Hathaway also reduced its share repurchase program. The value of repurchased securities amounted to $ 6 billion - against $ 6.6 billion in the first quarter of this year.

On Wednesday, August 4, trades in the US dollar on the interbank foreign exchange market opened at 26.865 / 26.885, and ...
06/08/2021

On Wednesday, August 4, trades in the US dollar on the interbank foreign exchange market opened at 26.865 / 26.885, and closed at 26.95 / 26.97.

The minimum quotations for buying the dollar for the reporting time were 26,865, the maximum - 26.95. As for sales, the minimum quotes since the opening were 26,885, the maximum - 26.97.
Trading in the euro began with quotes 31.9048 / 31.9286, to close the quotes amounted to 32.0516 / 32.0727.Trading in the Russian ruble opened at 0.3692 / 0.3696, and closed at 0.3698 / 0.3702.

Natural gas rises through the well due to natural energy. It is mined in America, Europe, Africa and other regions. Gazp...
04/08/2021

Natural gas rises through the well due to natural energy. It is mined in America, Europe, Africa and other regions. Gazprom accounts for one-seventh of all world production.

Blind mining

Natural gas is contained in the smallest pores that some rocks have. The depth at which natural gas is located varies from 1,000 meters to several kilometers. After conducting exploration work, when it is established where exactly the deposits are located, the process of gas production begins, that is, its extraction from the subsoil, collection and preparation for transportation. The main feature of gas production in comparison with the extraction of solid minerals is that the gas remains hidden in the sealed structures at all stages - from the moment of extraction from the reservoir to the moment when it reaches the consumer.

Drilling of wells

Gas is extracted from the subsoil by means of specially drilled wells, which are called production or production. In general, there are many types of wells - they are used not only for production, but also to study the geological structure of the subsoil, the search for new deposits, ancillary work and so on. After the well

Natural gas rises to the surface due to natural energy - striving for the zone with the lowest pressure. Because the gas obtained from the well contains many impurities, it is first sent for processing. Complex gas treatment plants are being built near some fields, and in some cases gas from wells immediately enters the gas processing plant.

The auction for the privatization of one of the world's largest producers of titanium ore, JSC United Mining and Chemica...
02/08/2021

The auction for the privatization of one of the world's largest producers of titanium ore, JSC United Mining and Chemical Company (OGHK), will be held on August 31. This was reported by the press service of the State Property Fund on Facebook.

The starting price of the company is set at UAH 3.7 billion. For the buyer, they defined "clear commitments for investments, social benefits for employees and compliance with the requirements of environmental legislation," the SPF said. It is noted that the OGHK will become the first object of large-scale privatization since the time of Kryvorizhstal OJSC in 2005, which was put up for sale.

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