News

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Sun, 14 Oct 2018 05:09:51 GMT

UN stresses growth of hunger

According to report published by the Food and Agricultural Organization (FAO) and several other UN agencies, in last year the number of hungry people surged to 821M from 815M and this tendency is expected to continue.

Sun, 14 Oct 2018 05:05:14 GMT

Bolivia's oil revenue to grow up to $2.2B

The Bolivian Minister of Hydrocarbons and Energy Luis Alberto Sanchez stated on Sunday that in 2018 Bolivia's oil revenue is projected to reach $2.2B and this earning to the country can be considered guaranteed.

Sun, 14 Oct 2018 04:30:06 GMT

Mexico says deal with US does not affect trade relations with other nations

On Sunday, the Foreign Minister of Mexico Luis Videgaray reassured his Chinese colleague that recently negotiated deal with Canada and the United States will not hamper economic relations with other partners.

Sun, 14 Oct 2018 04:25:39 GMT

Kuroda stresses worsening trade perspectives

The Bank of Japan Governor Haruhiko Kuroda stated on Sunday that increasing trade tensions, turbulence in emerging markets and inability to cut high debt levels negatively affects global trade prospects.

Sun, 14 Oct 2018 03:08:59 GMT

Trump says cancellation of arms sales to Saudi Arabia is self-punishment

The US President Donald Trump noted on Sunday that suspension of weapon sales to Saudi Arabia would mean self-punishment even in case Jamal Khashogg was actually assassinated inside Saudi consulate in Turkey.

Sun, 14 Oct 2018 03:03:34 GMT

US wants to seek currency provision

The US Treasury Secretary Steven Mnuchin stated on Sunday that his country would like to insert a regulation to prevent currency manipulation in the upcoming deals with Japan and other countries.

Sun, 14 Oct 2018 02:07:40 GMT

Yi Gang sees space for adjustment in rates and RRR

The People's Bank of China Governor Yi Gang stated on Sunday that there was a space for correction of the reserve requirement ratio (RRR) and interest rates despite considerable risks related to trade tensions with the US.

Sun, 14 Oct 2018 02:02:34 GMT

Villeroy says ECB can work independently from Fed

The European Central Bank policymaker Francois Villeroy de Galhau stated on Sunday that the ECB has means to conduct its own monetary policy without looking at the US Fed.

Sat, 13 Oct 2018 19:26:19 GMT

Argentina presents new debt reduction measure

The Central Bank of Argentina stated on Friday it would offer a $4.050B peso-denominated short-term debt next Tuesday to reimburse a $6.243B debt in notes.

Sat, 13 Oct 2018 19:20:24 GMT

UAE creates base for sovereign bond market

On Saturday, the United Arab Emirates adopted a law intended to support the establishment of a sovereign bond market, which could be used for trade of public debt instruments.

Sat, 13 Oct 2018 18:08:15 GMT

Uganda praises China's financing

The President of Uganda Yoweri Museveni praised on Saturday China's financing of multiple infrastructure projects in Africa, saying that it would help to increase the continent's welfare.

Sat, 13 Oct 2018 18:03:52 GMT

Draghi calls Italy to "calm down"

On Saturday, the European Central Bank President Mario Draghi urged Italian politicians to "cool down" their budget discussion as it has already caused damages to companies and households.

Sat, 13 Oct 2018 17:15:08 GMT

Russia's industrial zone to appear in Egypt

The Foreign Minister of Russia Sergey Lavrov informed the public on Saturday about beginning of construction of the Russian industrial zone near Egyptian Suez Canal.

Sat, 13 Oct 2018 17:11:01 GMT

Czech Civic Democrats win elections

On Saturday, one of the main Czech opposition parties, the Civic Democrats, won 10 out of 27 seats in the Senate while the country's Prime Minister Andrej Babis's ANO party secured only one.

Sat, 13 Oct 2018 16:00:07 GMT

Russia to continue to work in the field of security with Egypt

The Foreign Minister of Russia Sergey Lavrov stated on Saturday that Russia was determined to continue working closely with Egypt to increase civil aviation security.

Sat, 13 Oct 2018 15:54:18 GMT

UK to keep EU sanctions even after Brexit

The British government stated on Friday that it would continue enforcing economic sanctions imposed by the European Union after Brexit, even in case of no-deal outcome.

Sat, 13 Oct 2018 15:12:38 GMT

Turkey to move CHP shares into Treasury

The President of Turkey Recep Tayyip Erdogan said on Saturday that his AK Party would try to adopt a law allowing transferring shares of the Republican People's Party (CHP) from Isbank into Treasury.

Sat, 13 Oct 2018 15:07:18 GMT

Centre Party refuses to accept Moderates' proposal

The head of Sweden's Centre Party Annie Loof stated on Saturday she would not support a proposal made by Moderates, which presupposes formation of government without all other political parties in its Alliance coalition.

Sat, 13 Oct 2018 14:03:41 GMT

Swedish Liberals refuse to form government with Democrats and Moderates

On Saturday, the leader of Swedish Liberal Party Jan Bjorklund said he would not support the government formed by Christian Democrats and the Moderates.

Sat, 13 Oct 2018 13:58:32 GMT

China gets rid from US bonds

The Finance Ministry of China reported on Friday, it sold $1.5B of 5Y American bonds at 3.25% and $1B of 10Y bonds at 3.5% and $500M of 30Y bonds at 4%.

Sat, 13 Oct 2018 13:12:37 GMT

Fitch says tensions with US did not affect ratings

Credit rating agency Fitch has not changed its stable credit forecast for the Asian region, saying that the current trade tensions with US were not enough to speak about ratings downgrades.

Sat, 13 Oct 2018 13:08:08 GMT

China to maintain stable value of yuan

The People's Bank of China Governor Yi Gang promised on Saturday to ensure and maintain "broadly stable" value of its national currency.

Sat, 13 Oct 2018 12:28:36 GMT

StanChart "actively working" on PT Bank Permata's stake

Standard Chartered's CEO Bill Winters stated that the British lender was "actively working" on various options for its Indonesian bank Permata on the back of speculations that its ownership structure might be changed.

Sat, 13 Oct 2018 12:22:05 GMT

China's Shenzhen to provide listed firms with liquidity support

China's Shenzhen city government is planning to provide a liquidity support, worth billions of yuan, to listed companies, as it seeks to lower the pressure from forced liquidations due to a downturn.

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