Review of financial and economic press: The Bank of England lowerd requirements for UK banks
Austrian presidential re-election scheduled for 2 October
The Constitutional Court in Vienna declared invalid the presidential elections, held on May 22 because of procedural violations during the vote count. There were no indications of fraud or manipulation in the elections.
The Bank of England lowerd requirements for UK banks
The Bank of England lowered its requirement for banks to 0.5 percent a countercyclical capital buffer, as shown in a published report on financial stability.
FT: US oil and gas companies are experiencing problems with financing
US oil and gas companies are facing serious difficulties in raising finance, writes Financial Times. It is noted that the bond sales fell to the lowest value in more than a decade. Thus, according to Dealogic, in the second quarter US companies involved in the exploration and production sold US bonds for only $ 280 million, which is the lowest value since the time of financial crisis of 2008-2009.
Oil companies have announced major investments in production after the collapse of prices
Chevron and its partners officially announced plans to invest $ 36.8 billion to increase oil production at the Tengiz field in Kazakhstan. This project will be the largest since the beginning of the period of low oil prices