Regional News

23.09.2019

Cheaper rouble could bring relief to Russia’s state household book, export business

The market carnage caused by Russia’s Black Monday sent the rouble into its deepest plunge in years, caused by investors’ psychological response to risks from U.S. sanctions, but no further downturn is expected if there are no geopolitical factors, experts tend to observe.

Russia’s federal budget and exporters will benefit from...

The market carnage caused by Russia’s Black Monday sent the rouble into its deepest plunge in years, caused by investors’ psychological response to risks from U.S. sanctions, but no further downturn is expected if there are no geopolitical factors, experts tend to observe.

Russia’s federal budget and exporters will benefit from...

23.09.2019

Who needs Saudis: Russia doubles cash value of oil reserves in a year’s time

The total value of Russia’s oil reserves is estimated at 74.5 trillion rubles ($1.2 trillion), almost double the valuation compared to a year ago, the country’s Ministry of Natural Resources and Environment has said.

The total value of hydrocarbons, gold, diamonds, copper, and iron ore is estimated at...

The total value of Russia’s oil reserves is estimated at 74.5 trillion rubles ($1.2 trillion), almost double the valuation compared to a year ago, the country’s Ministry of Natural Resources and Environment has said.

The total value of hydrocarbons, gold, diamonds, copper, and iron ore is estimated at...

23.09.2019

Russian currency up, stocks down: US-Iran spat pointed at

The Russian rouble strengthened on Friday as oil prices headed for their biggest weekly gain in months.

At 0730 GMT, the rouble was 0.2% stronger against the dollar at 63.84 and up 0.1% to 70.61 versus the euro .

Prices for oil, Russia’s main export, were on track to rise more than...

The Russian rouble strengthened on Friday as oil prices headed for their biggest weekly gain in months.

At 0730 GMT, the rouble was 0.2% stronger against the dollar at 63.84 and up 0.1% to 70.61 versus the euro .

Prices for oil, Russia’s main export, were on track to rise more than...

23.09.2019

Chinese stocks held back by hesitant government on state support

China stocks firmed on Friday but posted modest weekly losses, after Beijing’s cautious monetary easing this week to support an economy hit by a protracted trade dispute with the United States.

The blue-chip CSI300 index rose 0.3%, to 3,935.65, while the Shanghai Composite Index ended up 0.2% at 3,006.45.

For the week,...

China stocks firmed on Friday but posted modest weekly losses, after Beijing’s cautious monetary easing this week to support an economy hit by a protracted trade dispute with the United States.

The blue-chip CSI300 index rose 0.3%, to 3,935.65, while the Shanghai Composite Index ended up 0.2% at 3,006.45.

For the week,...

23.09.2019

Foreign companies still eye China for business growth

Foreign-invested companies voice optimism about the Chinese market, stressing its irreplaceable role in their businesses and pledging further investment in the world's second-largest economy.

In an exclusive interview with Xinhua, Rachel Duan, president and CEO of General Electric's Global Growth Organization, said China has always been the company's key strategic market...

Foreign-invested companies voice optimism about the Chinese market, stressing its irreplaceable role in their businesses and pledging further investment in the world's second-largest economy.

In an exclusive interview with Xinhua, Rachel Duan, president and CEO of General Electric's Global Growth Organization, said China has always been the company's key strategic market...


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