Regional News

15.10.2019

Russia looks to ditch US dollar for exchanges in rubles & euro in energy exports

Russia is planning to abandon the US dollar in favour of euro and rouble for currency settlements in global energy transactions in order to minimize reliance on the American currency.

“We have a very good currency, it’s stable. Why not use it for global transactions?” Economy Minister Maxim Oreshkin said in...

Russia is planning to abandon the US dollar in favour of euro and rouble for currency settlements in global energy transactions in order to minimize reliance on the American currency.

“We have a very good currency, it’s stable. Why not use it for global transactions?” Economy Minister Maxim Oreshkin said in...

15.10.2019

Russian rouble disrupts appreciation trend, dragging stocks down

The Russian rouble eased on Monday, heading away from two-week highs hit last week, while shares in Russia's top search engine Yandex outperformed the broader market after plummeting in the previous session on concerns over its ownership.

Market activity on Monday is likely to be lower than usual due to a...

The Russian rouble eased on Monday, heading away from two-week highs hit last week, while shares in Russia's top search engine Yandex outperformed the broader market after plummeting in the previous session on concerns over its ownership.

Market activity on Monday is likely to be lower than usual due to a...

15.10.2019

Chinese company to build natural gas processing plant in Russia

A subsidiary company of China National Chemical Engineering (Group) Co. Ltd. (CNCEC), has signed an agreement with a Russian company to build a natural gas processing and chemical plant in a small town near Russia's shoreline of the Gulf of Finland.

The deal, which is worth about 12 billion euros (around...

A subsidiary company of China National Chemical Engineering (Group) Co. Ltd. (CNCEC), has signed an agreement with a Russian company to build a natural gas processing and chemical plant in a small town near Russia's shoreline of the Gulf of Finland.

The deal, which is worth about 12 billion euros (around...

15.10.2019

China’s stock markets veer up as tension on the trade warfront eases

China’s key benchmarks rose more than 1% on Monday, led by tech and financial shares as investors cheered signs of progress in the Sino-U.S. trade talks, although doubts over a durable deal between the two economic powerhouses and China’s economic health capped the upside.

The blue-chip CSI300 index gained 1.1% to...

China’s key benchmarks rose more than 1% on Monday, led by tech and financial shares as investors cheered signs of progress in the Sino-U.S. trade talks, although doubts over a durable deal between the two economic powerhouses and China’s economic health capped the upside.

The blue-chip CSI300 index gained 1.1% to...

15.10.2019

China's foreign trade up 2.8 pct in first three quarters

China's foreign trade maintained stable growth in the first three quarters of this year by expanding 2.8 percent year on year, the General Administration of Customs (GAC) said Monday.

Total foreign trade volume reached 22.91 trillion yuan (about 3.23 trillion U.S. dollars) in the first 9 months. Exports expanded 5.2 percent...

China's foreign trade maintained stable growth in the first three quarters of this year by expanding 2.8 percent year on year, the General Administration of Customs (GAC) said Monday.

Total foreign trade volume reached 22.91 trillion yuan (about 3.23 trillion U.S. dollars) in the first 9 months. Exports expanded 5.2 percent...


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