Alibaba to invest $100M in Russian JV

Source: Dukascopy Bank SA
China's Alibaba and RDIF, the Russian sovereign wealth fund, both are set to invest $100M in Russia's joint venture, RDIF stated.
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Wed, 05 Jun 2019 17:28:00 GMT

IMF sees US-China tariffs to cut 2020 global growth

The US-China tariffs could decrease global economic production by 0.5% next year, the IMF warned on Wednesday ahead of the world finance leaders' meeting in Japan scheduled for this weekend.

Wed, 05 Jun 2019 15:31:34 GMT

Activity in US service sector picks up in May

The Institute for Supply Management stated that its Non-Manufacturing PMI rose 1.4 points to 56.9 in May, as services sector activity jumped in May, easing concerns that the US economy was slowing markedly following recent weak reports.

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