Regional News

02.11.2022

Russia claims it has all necessary financial resources to withstand Western pressure

Russia has all the necessary financial resources to allow the economy to function under sanctions pressure, the Governor of the Central Bank Elvira Nabiullina said on Thursday at a meeting of the State Duma. She stressed there is no danger of default for the country.

“Russia has the resources, all the...

Russia has all the necessary financial resources to allow the economy to function under sanctions pressure, the Governor of the Central Bank Elvira Nabiullina said on Thursday at a meeting of the State Duma. She stressed there is no danger of default for the country.

“Russia has the resources, all the...

02.11.2022

Russian rouble firms vs euro on rate cut expectations, stocks mixed

The Russian rouble gained on Thursday, briefly firming past 79 to the euro, while government bond prices climbed to a two-month high on expectations of an imminent rate cut.

Trading on Moscow Exchange remains jittery and trading patterns are to some extent artificial due to capital control measures that Russia imposed...

The Russian rouble gained on Thursday, briefly firming past 79 to the euro, while government bond prices climbed to a two-month high on expectations of an imminent rate cut.

Trading on Moscow Exchange remains jittery and trading patterns are to some extent artificial due to capital control measures that Russia imposed...

02.11.2022

China guarantees supplies of Russian products to its market, says ambassador in Moscow

Demand for Russian goods in China is growing, China is ready to guarantee uninterrupted supplies of Russian products to its market, Chinese Ambassador in Moscow Zhang Hanhui said at a meeting of the parliamentary group for relations with the Chinese Parliament in the State Duma, lower house of the Russian...

Demand for Russian goods in China is growing, China is ready to guarantee uninterrupted supplies of Russian products to its market, Chinese Ambassador in Moscow Zhang Hanhui said at a meeting of the parliamentary group for relations with the Chinese Parliament in the State Duma, lower house of the Russian...

02.11.2022

Yuan down on monetary policy shift

China's yuan slipped to a more than six-month low against the U.S. dollar on Thursday, after the country's central bank set a weaker daily midpoint, as corporate dollar buying and expectations of U.S. policy tightening supported the greenback.

Traders said a sharp weakening in the yuan's offshore counterpart, which also hit...

China's yuan slipped to a more than six-month low against the U.S. dollar on Thursday, after the country's central bank set a weaker daily midpoint, as corporate dollar buying and expectations of U.S. policy tightening supported the greenback.

Traders said a sharp weakening in the yuan's offshore counterpart, which also hit...

02.11.2022

China stocks slump to 5-week closing low on economic slowdown fears

China shares slumped on Thursday to a five-week closing low, as prolonged COVID-19 lockdowns and a lack of adequate policy support left investors worried about the economic growth outlook, while oil giant CNOOC soared in its Shanghai debut.

The blue-chip CSI300 index fell 1.8% to 3,995.83, while the Shanghai Composite Index...

China shares slumped on Thursday to a five-week closing low, as prolonged COVID-19 lockdowns and a lack of adequate policy support left investors worried about the economic growth outlook, while oil giant CNOOC soared in its Shanghai debut.

The blue-chip CSI300 index fell 1.8% to 3,995.83, while the Shanghai Composite Index...


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