Erdogan Calls on Turks to Dump Foreign Currencies and Embrace Lira
Let’s show our patriotism like this.
World economy
President Donald Trump’s Threats Against China are Escalating
Despite the threats, financial markets showed muted reactions. As of 2:30 p.m. ET, the Dow Jones Industrial Average was down short of 80 points, or 0.28%, while both the S&P 500 and the Nasdaq Composite were up a respective 2.47 points, or 0.079%, and 27 points, or 0.43%.
Trump Says China Trade Talks Moving Along Nicely, but Beal Has to Be Right
"The trade talks with China are moving along, I think, very nicely and if we make the deal that we want it will be a great deal and if it’s not a great deal, I won’t make it," he said.
ASEAN Leaders Seek to Conclude World's Biggest Free Trade Deal
After seven years of talks, negotiators for 16 countries are meeting at the ASEAN summit in Bangkok in a bid to accelerate progress on the free trade deal.
China Wins: WTO Support to Sanction $3.6 Billion in U.S. Trade
The damages awarded Friday, in a statement on the Geneva-based organizations’ website, are the third highest in WTO history.
Nobel Prize in Economics Won by Trio for Work on Easing Poverty
The three, who often collaborate in their research, were awarded the prize — officially known as the Sveriges Riksbank Prize in memory of Alfred Nobel — for developing new, experimental research methods to identify the most effective policy interventions to fight poverty through field studies.
OPEC Hopes Russia will be Able to Resolve Differences Between Iran, Saudi Arabia
Without a doubt, President Putin has more than just political authority, not only in the Middle East, but also on a global scale, he said adding that they very much hope that he will apply his good qualities and help to reconcile, smooth out the differences that exist between some of our member countries.
Ecuador to Quit OPEC in 2020 in Search of Bigger Export Revenue
"The decision is based on the issues and internal challenges that the country must take on related to fiscal sustainability," the energy ministry said in a statement, without providing further details.
Eurozone Economy Faces More "Prolonged Sag", Mario Draghi Warns
Mr Draghi’s comments came after a key survey of business executives showed that the eurozone’s economy was close to stalling, dragged down by a steep drop in German manufacturing activity. The new data hit markets and prompted predictions of imminent recession on Monday.
Saudi Oil Supplies Return to pre-Attack Level: Minister
Prince Abdulaziz called on the international community to take strong action against the attack “on the global economy and energy markets.”
China Hopes U.S. Will Create Conditions Necessary for September Trade Talks
China hopes the United States can cancel the planned additional tariffs to avoid an escalation in the trade war, its commerce ministry spokesman, Gao Feng, told reporters on Thursday.
Oil Drops as Recession Risks Mount with Trade War Tariffs
Brent crude was down 54 cents, or 0.9%, at $58.80 a barrel by 0538 GMT, having earlier touched $58.24, the lowest since Aug. 15.
China Vows to Implement ‘Necessary Countermeasures’ in Response to Donald Trump’s US Tariff Increase
“We’ll have no choice but to take the necessary countermeasures.”
Malaysia's Mahathir Proposes Common East Asia Currency Pegged to Gold
“In the Far East, if you want to come together, we should start with a common trading currency, not to be used locally but for the purpose of settling of trade,” he said at the Nikkei Future of Asia conference in Tokyo.
Singapore Dethrones U.S. as World's Most Competitive Economy
The U.S. fell two spots as the confidence boost from tax cuts faded and high-technology exports weakened.
US-China Trade Talks end Without Agreement
“The relationship between [Chinese] President Xi [Jinping] and myself remains a very strong one, and conversations into the future will continue. In the meantime, the United States has imposed Tariffs on China, which may or may not be removed depending on what happens with respect to future negotiations!”
U.S. and China Near Deal That Could End Most U.S. Tariffs
One of the remaining sticking points is whether the tariffs would be lifted immediately or over a period of time to allow the U.S. to monitor whether China is meeting its obligations, the people said.
EU's Juncker Expects Trump to Refrain from Imposing Higher Tariffs on Cars
“Trump gave me his word that there won’t be any car tariffs for the time being. I view this commitment as something you can rely on,” Juncker told the German daily Stuttgarter Zeitung in an interview. He did not specify when Trump made the promise.
China Has No Intention to Reduce US Treasury Holdings
According to the official, the current tensions will not affect the interest of the Chinese government in purchasing US government debt.
Armenia President Personally Invited to Attend Davos World Economic Forum
According to her, Capital Finance International published an interview with Armen Sarkissian on the World Economic Forum in Davos.
Mark Zuckerberg Named Forbes Biggest Billionaire Losers of 2018
The biggest loser in the world was Facebook CEO Mark Zuckerberg, who had a terrible year amid internal scandals and damaging publicity. He was the only American among the ten biggest billionaire losers, half of whom were from Asia.
China Hopes for ''Orderly'' Brexit, Calls for More Open EU Economy
“China hopes to see Brexit proceed in an orderly fashion and stands ready to advance China-EU and China-UK relations in parallel,” the ministry said in a lengthy policy document on EU ties.
Qatar to Withdraw from OPEC
“Qatar has decided to withdraw its membership form OPEC effective January 2019 and this decision was communicated to OPEC this morning,” Reuters quoted him as saying at a news conference.
Trade Deal Possible at G20 but Chinese Paper Says U.S. Must be 'Fair Minded'
“Beijing wants a deal, just as Washington does. And it is willing to cooperate with Washington in dealing with concerns about trade if they are fair-minded,” the paper said.
Does EU Stand for Counterbalance to American Sanctions against Iran? Myth or Reality?
The Trump administration announced the restoration of sanctions against Iran, but the issue is not limited to the economic and political framework of the two countries, as the sanctions imposed on November 5 will have a direct impact on all the companies dealing with Iran.
The Refusal from US State Bonds by the Investing Countries Can Have Crisis-Leading Consequences
At least for the past two decades, the US public debt has continued to grow, but it does not hinder the well-being of the citizens of the world's number one country. What is the reason for this?
Global Financial Stability Risks Rising With Trade Tensions, IMF Says
New bank resolution regimes meant to avoid future bailouts are largely untested, the Fund said in its biannual global financial stability update.
Americans Nordhaus, Romer Win Nobel Economics Prize
Nordhaus, of Yale University, was the first person to create a quantitative model that described the interplay between the economy and the climate, the academy said.
It is Possible that Russia ''Refuses'' Dollar: What Will Be the Consequences for Armenia?
The process is quite risky and, if successful, will be accompanied by both positive and negative consequences.
G20 Trade Ministers Say WTO Reform 'Urgent' as New Trump Tariffs Loom
With U.S. President Donald Trump readying tariffs on another $200 billion in Chinese goods, the ministers said they were “stepping up the dialogue” on international trade disputes, according to the statement.
U.S.-China Trade War Escalates as New Tariffs Kick in
China’s Commerce Ministry said Washington was “remaining obstinate” by implementing the latest tariffs, which kicked-in on both sides as scheduled at 12:01 p.m. in Beijing.
Current Situation of Iranian Economy Can Be Seen As an Opportunity in the Context of Extending Armenian-Iranian Economic Relations
The matter is that the use of US sanctions will dramatically decrease the circulation of American currency in Iran, which will result in the Iranian "Riyal" devaluation.
US-China Currency War Will Affect All the Developing Economies
The consequences of these mutual trade operations are not just the concern of these two economies, and it is explained not only by the fact that they are superpowers, but also by measures taken as a result of the tension.
China Says U.S. Pressure will not Impact Trade Talks
Speaking on the sidelines of a meeting with Southeast Asian foreign ministers, Wang said pressure from the United States would not have any impact on any trade negotiations.
China Imposes Retaliatory Duties on 800 Goods from US
According to the US Customs and Border Service, the United States on July 6, introduced the first installment of 25% import duties for 818 items of Chinese goods for the total amount of $34 bln.
US-China Trade War Has Started
Trump carries out promises made during his election campaign, the core of which is the ideology of the American interests. Following the election, the same taxation policy was applied to American companies outside the United States, with the goal of concentrating their activities in the homeland.
Oil Prices Drop as Iran Signals Support for Opec Output Rise
Brent crude futures were at $74.51 per barrel at 0152 GMT, down 23 cents, or 0.3 percent, from their last close.
New Fintech Project to Enable Russians to Transfer Money via Messengers
Transfers via Тelegram, WhatsApp, Viber and Facebook Messenger will be possible after the mentioned messenger services are integrated with the Fast Payment System that FinTech Association is developing, said an Izvestia source close to the bank. WhatsApp and Viber have announced their support for the novelty.
Euro Zone Factory Boom Stumbles Again in March but Growth Solid
IHS Markit’s final manufacturing Purchasing Managers’ Index (PMI) for the euro zone sank to an eight-month low of 56.6 in March from 58.6, in line with an earlier flash estimate and still comfortably above the 50 mark that separates growth from contraction.
EU-USA ''Metal War'' Will Cause New Intrigues
It is worth noting that the EU's gross national economy will suffer from this trumpet decision, as, according to official data, the European countries suspend the abolition of the above-mentioned metals exports to the US.
Sharp Fluctuations of the Bitcoin Exchange Rate are Conditioned by Market Regulation Efforts
The crypto-market itself is quite interesting, given the peculiarities of the virtual currency and, in particular, the fact that no institution controls it.
Bitcoin Extends Slide, Falls Below $7,000
Bitcoin has fallen in six of the last eight trading session.
Called the Total Sum of All Corruption in the World
According to the UN development program, the world economy due to corrupt component of the annual loss of 2.6 trillion dollars
China Invests Billions in Eastern Europe
Founded in 2012, the 16 plus 1 Cooperation comprises China and the states of the former Soviet-dominated Eastern Bloc.
Finance Outstrips IT in Digitization - Research
Finance industry got the highest digital sustainability index across the compared sectors.
Nobel in Economics Is Awarded to Richard Thaler
Professor Thaler, born in 1945 in East Orange, N.J., works at the University of Chicago’s Booth School of Business.
German Election Can Stoke Uncertainty- Ifo
Wohlrabe said that new elections could not be excluded given the difficulty of forming a new government: “So uncertainty can certainly spread.”
Fast-Moving Chinese Rivals Gain in Parallel to the Slowing Down of Apple
While Apple must convince buyers to fork out nearly $1,000 for its high-end model, challengers are tilting at the luxury market, offering similar features for less money.
Trump Trade Probe Will "Poison" Relations: Chinese State Newspaper
Trump will later on Monday issue the order to determine whether to investigate Chinese trade practices that force U.S. firms operating in China to turn over intellectual property, senior administration officials said on Saturday.
US Seeks to Renegotiate South Korea Trade Deal
The US president wants to overhaul the North American Free Trade Agreement and has threatened tariffs on foreign products, such as steel.
Argentina Plans to Offer 100-Year Bonds
Argentina will join Mexico, Ireland and the U.K. in selling debt that matures over a century.
In the Near Future Oil Prices Will Be Conditioned by Another - Qatari Factor
For example, if we look through the agreement reached in Doha a month ago to reduce oil production to 1.2 million barrels a day, we will see that this is primarily intended before the beginning of 2018, and there is still no certainty that any of the countries will not withdraw from the agreement.
Oil Prices Rise Amid the Diplomatic Scandal Surrounding Qatar
Oil futures rose as much as 1.6pc in New York, paring the biggest weekly loss in a month. Qatar's main stock index tumbled about 8pc during early trading.
Chinese Company Buys London's Tallest Skyscraper
The deal includes debt of some 12.7 million pounds and on March 31, the building was valued at about 1.15 billion pounds, the announcement said.
Trump Changed His Mind: He Will Not Terminate NAFTA
In a description of Trump's phone calls to Prime Minister Justin Trudeau and President Enrique Peña Nieto, the White House said Trump "agreed not to terminate NAFTA at this time and the leaders agreed to proceed swiftly, according to their required internal procedures, to enable the renegotiation of the NAFTA deal to the benefit of all three countries."
Trump Administration Considers Laptop Ban for European Flights
British officials understand that their US counterparts are looking at extending the ban – which prevents any devices larger than a smartphone being taken as carry-on luggage – to flights from Europe.
Global Financial Stability Հas Improved: IMF
It should be noted that the IMF warns there are risks ahead nonetheless. Especially, there is political and policy uncertainty around the globe, particularly in the United States and Europe. There is also a warning from the IMF about rising debt levels in China.
BRICS Proposes to Resist Trade Protectionism
China, which assumed the BRICS presidency for 2017, said developed countries should bear the primary responsibility in financing for development, honour their ODA (Official Development Assistance) commitments, fulfill the commitments under Technology Facilitation Mechanism...
China Is The World's Largest Goods Exporter: WTO
Accounting for 13.2 percent of the world's total in value, China's goods exports topped $2.1 trillion last year, in contrast to $1.6 trillion in imports, the statement said.
New 50-Euro Bill to Be Put Into Circulation
The new note, orange-brown in color, has raised print and a transparent window featuring a picture of "Europa," the Greek goddess from whom the continent takes its name, on a metallic strip.
Оil Prices Dropped
Brent Crude Oil has decreased by 0.28% and reached $53.38 per barrel, at the London ICE Futures stock exchange.
Central Banks Have Less Trust in Euro: FT
The results — compiled by trade publication Central Banking Publications and the bank HSBC earlier this year — show some respondents have cut their entire exposure to the euro, while others have reduced their holdings of investments denominated in euros to the bare minimum.
Oil Prices Are Rising
Brent oil increased by 0.10%, reaching $51.79 per barrel on the London ICE Futures Exchange.
Oil Prices Rise
April Brent crude LCOJ7, +0.75% on London’s ICE Futures exchange rose $0.40, or 0.7%, to $56.43 a barrel.
32 Most Powerful Economies in the World by 2050
According to this report, by 2050, the world is likely to have changed drastically from what we know now, and the planet's economic and financial landscape will be no exception.
Economic Policy Adopted by Trump May Lead to Great Changes
The ultimatum towards US firms, continuing ambiguity of the financial markets, the decision of unique taboos for Mexico, which contribute to the activation of major US competitors in the American continent, makes it clear that the global economy will soon undergo major changes.
Oil Prices Are Rising
And the March Futures’ Brent Crude Oil has increased by 0.32% and reached $55.90 per barrel, at the London ICE Futures stock exchange.
IMF Director Doubts Trump Has Clear Plan of Economic Policies
"I don't want to comment on the possible outcome of the policies by President-elect. Because we do not really know what these policies are going to be. We have very little of detailed information as to what what the plan will be, if there is such thing as a plan," Lagarde said at a session at the World Economic Forum meeting in Davos.
The 47th World Economic Forum is Opened in Davos
The 47th World Economic Forum (WEF) Annual Meeting in Davos-Klosters, Switzerland, takes place from 17 to 20 January under the theme “Responsive and Responsible Leadership”. As organizers expected, 3,000 leaders from government, business, academia and civil society are gathered here to help find solutions to the world's biggest challenges.
OPEC Will not Prolong the Agreement of Oil Extraction
Demand will pick up in the summer, and OPEC wants to make sure markets are well-supplied, Khalid Al-Falih said.
Moody's Is Accused of the Financial Crisis of 2008
Moody's said it would pay a $437.5 million penalty to the Justice Department, and the remaining $426.3 million would be split among the states and Washington, D.C.
Will Dollar Become More Expensive Than Euro?
The answer to the question of whether there will be a breakthrough in 2016, and dollar will at last "win" the euro in regard with exchange rate, depends on several factors.
Oil Prices Again Decreased
US benchmark WTI crude was down 10 cents, or 0.22 per cent, at $45.47 a barrel at 0555 GMT. European ICE Brent crude futures fell 11 cents, or 0.24 per cent, to $46.52 per barrel.
World Oil Prices Rise Again
December futures for light WTI oil on New York Mercantile Exchange (NYMEX) rose by 0.12% to $ 49.78 per barrel.
The Fate of Oil Prices Depends on the Principles of OPEC and OPEC Member State Iran
On the other hand it should be noted that OPEC's position has been tough enough for the recent period, as the "information war," not to concede any barrel, ongoing since last year, especially manifested between Saudi Arabia and Iran, is not excluded to exacerbate inner problems within the organization.
The Price of Russian Gas for Belarus will Decrease
From 2017, the cost of gas for Belarus will be formed at the average price of the unified gas supply system of Russia multiplied by the multiplying factor.
50 Dollars/Barrel is a Psychological Threshold for "Black Gold" Market
The reduction of oil production in the US and the news of a new meeting of OPEC countries at the end of September resulted in an increase of oil prices.
Deutsche Bank Ex-Worker Refused Multimillion-Dollar Award
"In this case, top SEC lawyers had held senior posts at the bank, moving in and out of top positions at the SEC even as the investigations into malfeasance at Deutsche Bank were ongoing," Eric Ben-Artzi said in an article published by the newspaper.
World Oil Prices Fall Again
August futures for light WTI oil in New York Mercantile Exchange (NYMEX) fell by 0.62% to $ 45.13 per barrel.
After Failed Negotiations in Qatar Oil Prices Fell
Tensions between Saudi Arabia and Iran were blamed for the failure, which revived industry fears that major government-controlled producers will increase their battle for market share by offering ever-steeper discounts.
Iran Signs Agreement with Greek Hellenic Petroleum
"Being the largest Greek oil company, Hellenic Petroleum remains a traditional costumer of Iranian crude and the first oil shipment will be delivered at the Greek company by the end of March, 2016."
The Consequences of the Initiative to Freeze the Volume of the Exported Oil Are Already Seen
Thus the time for undertaking some steps has come, even if those steps pursue preliminary and sometimes imitational goals.
What is Trans-Pacific Partnership?
The proposal to establish TPP was made in 2003 by the three countries - New Zealand, Singapore and Chile. In 2005, Brunei became a party to the negotiations, and in the same year, the four countries signed an agreement on the establishment of the TTP, which came into force in 2006.
Russia-West Cooperation on the Stabilization of Oil Prices is Temporary
Of course, the dynamics of oil price increase will go in parallel with the negotiation process, but the overall crisis in the market will be eased.
India: Charting a New Reform Path
India has moved up 16 positions to rank 55th on a global index of the world’s most competitive economies compiled by the World Economic Forum.
World Economic Forum to Kick off in Davos
The famous ski resort on January 20-23 will receive about 2.5 thousand delegates from 140 countries.
China's Economic Growth Slowest in 25 years
China's economy grew by 6.9% in 2015, compared with 7.3% a year earlier, marking its slowest growth in a quarter of a century.
The World Economic Forum in Davos: Topics of Discussion
Naturally, the event will be attended by representatives of big business, for example, Mary Barra - the executive director of General Motors, or Satya Nadella - Executive Director of Microsoft, etc.
The Price of Oil Fell after the Removal of Sanctions on Iran
Oil became cheaper on Saturday against lifting the sanctions imposed on Iran and the possible oversupply of the raw materials in the world.
Chinese President Launches Asian Infrastructure Investment Bank
The AIIB is expected to lend $10 billion-$15 billion a year for the first five or six years and will start operations in the second quarter of 2016.
Will Socio-Economic Protests in Azerbaijan Turn into a Political One?
The protests against the increase in food prices and unemployment in Azerbaijan continue. With the requirement to prevent a further rise in prices in Azerbaijan protests were held in Lenkoran, Fizuli, Agjabedi, Agsu and Siyazan.
China Suggests Creating Free Trade Zone in the SCO
"In a narrow format we have just agreed that we will be assigning the ministers of trade and economy to seriously work on developing specific measures to create a free trade zone within the framework of the SCO to create more favorable conditions for the development of trade in the framework of the SCO," he said.
The Possibility of Cooperation Between the Eurasian and European Unions Is Observed
All in all we can state there is mutual commitment for cooperation which is based on the realization of economic profits. And the fact that the economic profit is the most strongest motif is not a secret for anybody.
Chinese Yuan Set to Join IMF Reserve Currency, Christine Lagarde Says
The yuan would join the dollar, the euro, yen and pound as the elite basket of currencies the IMF uses to denominate its special lending reserve. economy and will likely spur the government to move forward with its broader reform plans
IMF Calls on Saudi Government to Speed Up Reforms
"It is important for the government to speed up reforms that increase the employment of nationals in the private sector and diversify the economy, reducing dependence on oil," Lagarde said.
Israel Expects to Sign Agreement with Eurasian Union in Two Years
"We believe that it has great potential for the Israeli economy, and for the countries of the [EEU]. I believe there is no reason to delay this," Elkin stressed.
Moscow and Beijing to Develop Nuclear Energy in Third Countries
We are not just talking about further interaction on Chinese territory...
Free Trade Agreement between EU and EEU?
"Today our countries are faced with a multitude of challenges that do not stop at borders – terrorism, illegal migration, drug and human trafficking, climate change. In order to combat these acute threats, Russia and EU have invested substantial efforts," Chizhov said.
Japan and US United Against Global Economic Slowdown
In addition US President Barack Obama apologised to Tokyo after WikiLeaks claimed Washington had spied on Japanese politicians.
Eurasian Economic Union Ready to Expand Its Free Trade Zone
"Global cooperation is an important trend now. Over 40 countries and international organizations are willing to establish a free trade zone with the EEU," Ulyukaev stated at an East Asia Summit (EAS) in the Malaysian capital.
China and Russia Rival Candidates for Heading AIIB
As for India the ambassador noted that it cannot nominate a candidate, as its representative already heads BRICS' New Development Bank.
The Biggest Lowering of Chinese Yuan's Rate
However, the commerce ministry said the lower rate would boost struggling exports.
Iran Ready to Provide the Transit of Gas from Qatar to Europe
Recently, Iran has also announced about its intention to start talks with Azerbaijan on the joint supply of gas to the world markets.
Gazprom Announced the Construction Cost of the Turkish Stream
At the same time the cost of the construction of the first gas pipeline, which is to bypass Ukraine, will cost 4.3 billion euros.
What is BRICS?
Today on July 8 in the city of Ufa in Russia the seventh annual summit of the BRICS has launched. The summit will last until July 10 and will primarily focus on the “recovery” of the world economy. BRICS is an abbreviation in English which unites five fast developing countries of the world, Brazil, Russia, India, China and Republic of South Africa (RSA); the latter joined the group in a later...
Changes in Stock Market and Euro-Dollar Relation
Any political solution has direct impact on the stock market. In this case pan-Euroepan FTSEurofirst 300 index rose by 0.8 percent. The revenue from this stock was more than 2 percent on Monday. Greek stocks rose by 2.7 percent.
Is the U.S. Economy Sick?
Although the country has overcome the global crisis, the economic growth remains passive. What are the issues that make the U.S. economy down?
Government of India Demands to Voluntarily Declare about Black Money
Indian government is expecting to find out those who are holding undeclared assets abroad.
Iran Prepares for Final Talks over Nuclear Deal
Mohammad Javad Zatif has planned to meet also with EU foreign policy Chief Federica Mogherini on Monday.
Income Inequality and Keys to Overcome It
So, well designed fiscal policy, education policies, labor market polices and institutions are the keys to reduce inequality. But for each country there is a need for special policy approach.
St. Petersburg International Economic Forum 2015 has Started
SPIEF is going to hold dozens of discussions, forums and round tables; the discussed issues are diverse as well.
China and Australia signed "Most Liberal Free Trade" Accord
Australia exported $136 billion worth good and services to China last year.
Asian Countries have a Progress in Achieving Sustainable Energy
A new report from World Bank found that Asian countries are making a vital contribution to achieve global sustainable energy goals.
HSBC Intends to Cut Up to 20,000 Jobs Globally
he bank also announced that it wants to sell its businesses in Turkey and Brazil, while increasing investments in Asia, including China and Southeast Asia.
Egypt Is To Establish a Free Trade Zone with the Eurasian Economic Union
At the present stage of negotiations, each party is to study the benefits of mutual cooperation before entering into direct, detailed talks on the agreement.
Lavrov: Russia Is To Cooperate With US in Areas of Mutual Interest
Russia does not intend to break ties with Washington.
Russia Strengthens Its Ties with China in Response to the Sanctions form the West
In addition Medvedev stated that such kind of plans by Russia are conditioned by the sanctions from the West.
Stop TTIP
Although European officials want the TTIP to be successful, in the same time they do not want to lower the EU standards.
Soros Predicted World War III
he prediction of the billionaire is based on fact that China is rising its spending on military. There is shift of the economy from export strategy to domestics-demand-led type.
Russian GDP Drop by 2.5%
The Russian Finance Minister Anton Siluanov said on Thursday that the GDP of the country will drop by 2.5 percent.
Gap between the Rich and Poor is the Largest in U.S. and Israel
According to a report of OECD United States and Israel have the highest inequality in the developed world.
Does Ukraine's Economy Face Threat of being Controlled by International Creditors?
Moratorium on foreign debt payments in Ukraine would mean a technical default.
BRICS Discusses an Idea over a New Rating Agency
Although from the BRICS' point of view the idea seems to be reasonable, for it to become possible to be realized, the BRICS has to look for a different way to approach to the question in order to exclude the rating agency dependence on government.
Iran is Ready to Supply Oil and Gas in Both Directions- Europe and Asia
Tehran’s officials noticed that although the country is trying to sell its oil in all markets, Asia will be priority for them.
BRICS and World Bank: Possible Cooperation
Otaviano Canuto noted that in this cooperation the World Bank plans to use its 70-year-old experience allowing a new bank to learn much faster based on the experience of already existing institutions.
Silk Road Is to Link Asia with Europe
Europe can assist China in its efforts to establish closer links with Central Asian countries and help Beijing to address the needs of the region.
Small and Medium Size Businesses in Azerbaijan Do Not Have Free Access to Financial Sector
Financial sector is not available for small and medium size businesses in Azerbaijan.
Silk Road is Close to be Reality
Armenia has been one of the main courtiers involved in the old Silk Road path.
India's Economic Growth Higher than China’s
In fact the growth rate and job creation of India are much faster, the total deficit is under control and the current account deficit has never been as good as it is now.
The U.S. Dollar has Slumped
Dollar has declined by 7 percent versus the euro and 6 percent versus the British pound since mid-April.
Positive Negotianion Process Between Iran and P5+1
Thus it seems that the sides will come to an agreement over the Iranian nuclear deal at the end of June. Whenever the sanctions are lifted from Iran, the country will be open for international economic and trade activities.
Oil Drill in Arctic- Possible Dangers and Hazards
There are a lot of reasons for not letting to start drilling in Arctic, but ecologists point out five most important ones.
IMF Supports Ukraine
The overall assistance program totaled $40 billion; it includes a $17.5 billion IMF loan and other $7.5 billion in bilateral assistance.
People’s Bank of China Cuts Interest Rates
The benchmark one-year lending and deposit rates are both cut by 0.25 percentage point to 5.1 percent by the Bank.
Trade between Russia and China Will Reach $200 Billion
China needs almost everything Russia produces, and Russia-produced consumer goods are affordable enough.
The Importance of TIFA for Armenia
It is a big opportunity for Armenia to tie the economic relationships with the world number one economy and to create ground for new investment.
Oil Companies Recording Profit Fall
The oil and gas explorer BG Group reported fall in profit by 62 percent in the first quarter of 2015.
China’s Export Fall by 6.4% in April
Overall export totaled $176.3 billion and import totaled $142.2 billion.
UK Pound Jumped on Election Outcome
The British pound jumped nearly 2 percent to $1.55 against the dollar.
The Swiss Franc is the Leading Currency not Only in Europe
The Swiss franc (CHF) has gains versus the dollar, the yen and the pound.
IMF Advises China to be Discursive about Reforms
IMF said that China has to show "great flexibility" in terms of exchange rate policy.
BRICS Reserve Fund is Enlarging
It plans to set up $100 billion reserve fund.
Russian Sanctions Damage European Economy
European Union bans against Russia have been condemned by a German lawmaker Franz Wiese saying that it is destroying the European businesses.
Russia to Join the Asian Infrastructure Investment Bank
It is also noted that it would allow Russia to get more votes in the Board of Directors, which is seen as an alternative institution, led by the United States.
Germany and Iran Increase Trade Relations
Germany and Iran seeks to develop economic relations.
U.S. Economy Slows Down
The U.S. economic growth slows to 0.2 percent for the first three months of the year.
Russia and OPEC Discuss Oil Prices
Russia will meet with OPEC on June 2-3 to discuss the solutions over falling oil prices.
Russia is the Creator of "History of Human in the Space"
The country has created the human flight story to space and it will not yield its place to some one else.
President Barack Obama, Prime Minister Abe Shinzo and the TPP Deal
TPP is not a simple trade agreement and free from political powers.
U.S. should be Afraid of China-Russia Coalition
May be not China alone, but the coalition with Russia can be threat for American economy.
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18:49"You and Erdogan Brought ISIS": Cher Comments on Murder of Armenian Priest in Syria
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19:08Komitas Statue to Be Unveiled in Front of Istanbul’s Armenian Patriarchate
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17:30Two Armenian Priests Shot Dead by Terrorists in Syria
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10:31Pope Francis Refers to Murder of Armenian Priest in Syria
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16:23Artsakh Republic President Participated in the Opening Ceremony of the Library-Reading Hall of the "Matenadaran-Gandzasar" Scientific-Cultural Center
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17:02Artsakh Republic President Held a Working Consultation with the Representatives of the Askeran Regional Administration and Community Heads
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14:43Impression is As if Authorities Want Quicker Settlement of Artsakh Issue to Live Freely: Vazgen Manukyan
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19:31Revolution Turns into Ashes when the Given Promise Isn't Kept: Aram I Catholicos
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10:01Statement by MFA of Armenia Regarding the Statements by the President of Turkey on Armenian Genocide Made in the United States
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18:48Azerbaijan Violated the Ceasefire Regime on the Artsakh-Azerbaijan Border around 140 Times in One Week
Weather
Yerevan
mostly cloudy (night)
Humidity: 85%
Wind: 4 km/h
Humidity: 85%
Wind: 4 km/h
1 C°
0° 6°
09.12.2019
-1° 5°
10.12.2019
Poll