News

Sun, 14 Oct 2018 10:04:35 GMT

Egypt does not view China as threat

The Investment Minister of Egypt Sahar Nasr stated on Sunday that Chinese investments into the country's projects do not pose any threat as such cooperation is based on mutual benefit.

Sun, 14 Oct 2018 09:38:40 GMT

Britain's Duncan Smith: Conservatives do not need new leader

On Sunday, British lawmaker Ian Duncan Smith claimed that the Conservative party of the UK does not need the new leader who would be responsible for Brexit strategy.

Sun, 14 Oct 2018 09:35:00 GMT

Japan's PM Abe decides to hike consumption tax by 10%

The Prime Minister of Japan Shinzo Abe has decided to announce on Monday that he decided to approve the increase of the consumption tax in Japan from 8% to 10% in October 2019.

Sun, 14 Oct 2018 08:38:07 GMT

Japan's Kurodo: BOJ's shift in policy to be seen in interest rates

On Saturday, the Governor of the Bank of Japan Haruhiko Kuroda claimed that BOJ will use interest rates changes to show the exit from the monetary stimulus policy.

Sun, 14 Oct 2018 08:33:23 GMT

Mexico: new NAFTA deal will not block other economic relations

On Saturday, the Foreign Minister of Mexico Luis Videgaray claimed that a new trade deal of Mexico with Canada and the US will not affect economic relations with other states.

Sun, 14 Oct 2018 07:26:45 GMT

World Bank to provide $1B loan to Indonesia for disaster relief

On Sunday, the World Bank claimed that it would provide $1B loan to the government of Indonesia to help it to restore two islands hit by tsunami and the earthquake. 

Sun, 14 Oct 2018 07:23:14 GMT

Iran's Rouhani: US wants to change regime in Iran

On Sunday, the President of Iran Hassan Rouhani claimed that the US are seeking to change the political regime of Iran using economic and psychological warfare. 

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.

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