Regional News

13.12.2019

Central Bank support keeps Russian currency up, stocks improve

Russia’s rouble was up 0.1% against the dollar at 63.24 and steady at 70.43 versus the euro.

The Senate Foreign Relations Committee on Wednesday approved bills aimed at hampering Russian energy pipelines and boosting NATO but delayed voting on a measure that would target certain Russian banks, the country's cyber sector...

Russia’s rouble was up 0.1% against the dollar at 63.24 and steady at 70.43 versus the euro.

The Senate Foreign Relations Committee on Wednesday approved bills aimed at hampering Russian energy pipelines and boosting NATO but delayed voting on a measure that would target certain Russian banks, the country's cyber sector...

13.12.2019

Sino-Russian trade turnover to exceed $110bn in 2019

Trade turnover between Russia and China may set a new record and exceed $110 billion by the end of this year if the current dynamics persists, Spokesman for China’s Commerce Ministry Gao Feng told a press conference on Thursday.

"Trade turnover exceeded $100 billion in January-November period as it increased by...

Trade turnover between Russia and China may set a new record and exceed $110 billion by the end of this year if the current dynamics persists, Spokesman for China’s Commerce Ministry Gao Feng told a press conference on Thursday.

"Trade turnover exceeded $100 billion in January-November period as it increased by...

13.12.2019

Yuan keeps firming as China’s stocks halt advance

Shanghai stocks snapped a five-session rally to end lower on Thursday, as investors remained wary ahead of Washington’s decision to proceed with new tariffs on Chinese goods this weekend.

The blue-chip CSI300 index fell 0.3% to close at 3,891.02, while the Shanghai Composite Index also shed 0.3% to 2,915.70.

U.S. President Donald...

Shanghai stocks snapped a five-session rally to end lower on Thursday, as investors remained wary ahead of Washington’s decision to proceed with new tariffs on Chinese goods this weekend.

The blue-chip CSI300 index fell 0.3% to close at 3,891.02, while the Shanghai Composite Index also shed 0.3% to 2,915.70.

U.S. President Donald...

13.12.2019

Assets of China's financial institutions up 8.1 percent

The total assets of Chinese financial institutions rose 8.1 percent to 312.46 trillion yuan (about 44.5 trillion U.S. dollars) at the end of the third quarter, central bank data showed Thursday.

At the end of Q3, banking institutions saw their total assets at 284.67 trillion yuan, up 7.7 percent year on...

The total assets of Chinese financial institutions rose 8.1 percent to 312.46 trillion yuan (about 44.5 trillion U.S. dollars) at the end of the third quarter, central bank data showed Thursday.

At the end of Q3, banking institutions saw their total assets at 284.67 trillion yuan, up 7.7 percent year on...

13.12.2019

China adopts monetary policy to stabilise growth amid rising CPI

China's rising consumer inflation, driven by higher food prices, will not obstruct the monetary authority's efforts to counter economic sluggishness, as companies still need credit and adaptive liquidity to sustain investment, analysts said.

Economists predicted that the consumer price index, the main gauge of inflation, will drop gradually next year after...

China's rising consumer inflation, driven by higher food prices, will not obstruct the monetary authority's efforts to counter economic sluggishness, as companies still need credit and adaptive liquidity to sustain investment, analysts said.

Economists predicted that the consumer price index, the main gauge of inflation, will drop gradually next year after...


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