Regional News

14.08.2020

Russia could let foreign companies develop Arctic shelf

In 2033-2040, the total oil output on Russia’s Arctic and Pacific shelf could reach 313 mln tonnes, and given the preferential taxation, this could rake in up to 657 bln rubles ($8.9 bln), according to the Ministry for Development of the Russian Far East and Arctic. The ministry prepared its...

In 2033-2040, the total oil output on Russia’s Arctic and Pacific shelf could reach 313 mln tonnes, and given the preferential taxation, this could rake in up to 657 bln rubles ($8.9 bln), according to the Ministry for Development of the Russian Far East and Arctic. The ministry prepared its...

14.08.2020

Russia’s net debt exceeds $21 bln amid coronavirus pandemic

Russia’s net public debt has expanded amid the coronavirus pandemic, reaching 1.55 trillion rouble ($21 bln) as of July 1, 2020, according to statistics of the Russian Finance Ministry and the Central Bank.

According to the newspaper, the federal government’s debt reached 14.77 trillion rouble ($201 bln) as of July 1,...

Russia’s net public debt has expanded amid the coronavirus pandemic, reaching 1.55 trillion rouble ($21 bln) as of July 1, 2020, according to statistics of the Russian Finance Ministry and the Central Bank.

According to the newspaper, the federal government’s debt reached 14.77 trillion rouble ($201 bln) as of July 1,...

14.08.2020

Russia’s equity, currency boom and gloom as greenback bites the dust, euro holds firm

The Russian rouble opened firmer on Thursday, following a sharp decline in the previous trading session, supported by a weak dollar but held back by lower oil prices and dividend outflows.

At 0708 GMT, the rouble was 0.3% stronger against the dollar at 73.52 and had lost 0.1% to trade at...

The Russian rouble opened firmer on Thursday, following a sharp decline in the previous trading session, supported by a weak dollar but held back by lower oil prices and dividend outflows.

At 0708 GMT, the rouble was 0.3% stronger against the dollar at 73.52 and had lost 0.1% to trade at...

14.08.2020

China stocks flat, yuan down as investors wait for real deal with US

China stocks were unchanged on Thursday as investors were cautious ahead of a U.S.-China meeting this weekend to review the implementation of a bilateral trade agreement signed by the world’s top two economies earlier this year.

At the midday break, the Shanghai Composite index was unchanged at 3,319.28. China’s blue-chip CSI300...

China stocks were unchanged on Thursday as investors were cautious ahead of a U.S.-China meeting this weekend to review the implementation of a bilateral trade agreement signed by the world’s top two economies earlier this year.

At the midday break, the Shanghai Composite index was unchanged at 3,319.28. China’s blue-chip CSI300...

14.08.2020

China's FDI in nonfinancial sector grows 0.5% Jan-July

China saw foreign direct investment growth in the nonfinancial sector grow 0.5 percent on a yearly basis to 535.65 billion yuan ($77.16 billion) in the first seven months of this year, reaching positive growth for the first time after January this year, said the Ministry of Commerce.

In July, FDI inflows...

China saw foreign direct investment growth in the nonfinancial sector grow 0.5 percent on a yearly basis to 535.65 billion yuan ($77.16 billion) in the first seven months of this year, reaching positive growth for the first time after January this year, said the Ministry of Commerce.

In July, FDI inflows...


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