The Chinese central bank is aiming to relax its informal deposit rate guidance for commercial lenders, allowing more interest rate flexibility and higher loan issuance to Chinese borrowers.
WASHINGTON (Sputnik) - New legislation will bolster government regulation of social media in light of Facebook’s failure to adequately protect user information, Senators John Kennedy and Amy Klobuchar said in a press release.
As weird as it may seem, the price of bitcoin had skyrocketed by over $1,000 nearly overnight, with some saying getting over the psychologically important $7,000 price point has done the job.
The US president’s Twitter threats to rain fire and missiles upon Syria over an alleged chemical weapon attack have apparently ended up doing damage of a different kind on the other side of the Atlantic.
As the standoff between the US and China keeps unfolding, Christine Lagarde warned that “darker clouds are looming” over the currently bright picture and outlined the main goals for the global economy.
Sanctions against Russia’s state debt will lead to domestic investors replacing foreigners on the state obligations market, Russian Finance Minister Anton Siluanov said.
The United States Defense Department has reportedly told F-35 manufacturer Lockheed Martin its planes cannot be accepted for the time being because of a debate over who will provide a financial remedy for a “production error found last year on more than 200 of the stealthy jets,” Reuters reported Wednesday.
MOSCOW (Sputnik) - The recent US trade measures targeting Chinese goods are unlikely to have a large impact on the growth of China's GDP or export volumes, but may have a domino effect on other sectors of the economy, Moody's Investors Service said Wednesday.
The newly-introduced US sanctions against a number of Russian individuals have hit the businessmen that fell under the restrictive measures and struck at the national currency as well.
The head of Lukoil, Russia's oil-producing giant, Vagit Alekperov said he expects to sign contracts with Iran to develop the country's oil fields in 3-4 months. These are the oil fields of Mansuri and Shanguleh, the development of which the National Iranian Oil Company (NIOC) announced a tender in the summer of 2017.
MOSCOW (Sputnik) – The Russian authorities are discussing the creation of two offshore financial centers (OFCs) with special legal systems in the Kaliningrad Region and the Primorsky Territory to support business circles targeted by US sanctions, the Vedomosti newspaper reported on Tuesday.
US President Donald Trump imposed 10% and 25% tariffs on imported aluminum and steel respectively on March 8, 2018, prompting a harsh response from China, which has so far suffered the most under the new regulation.
After a precipitous fall from record highs in December amid valuation debates and threats of regulation, digital coins are showing signs of a strong rebound.
The ambitious project will reportedly connect Iran with three other Middle Eastern countries and is expected to serve as Tehran's main transit route for exports.
In a spectacular contortion of logic, British Petroleum - seeking highly-profitable licenses to drill for offshore oil in southern Australia - claimed that destructive chemical spills would be a boon to coastal communities.
A famous billionaire who earlier branded bitcoin as a "bubble" and a financial tool used by dictators is now reportedly preparing to start trading cryptocurrencies himself.
WASHINGTON (Sputnik) - US President Donald Trump would be capable of winning a trade war against China if he leads negotiations, White House Press Secretary Sarah Sanders said during a press briefing on Friday.
Russian Deputy Prime Minister Arkady Dvorkovich announced Friday that Russia is contemplating retaliation measures following US President Donald Trump’s decision to impose stiff tariffs on imported steel and aluminum.
Continued concerns about a US-China trade war and an underwhelming jobs report induced a spike in volatility in US markets Friday as the Dow Jones Industrial Average (DJIA) and S&P 500 Index tanked.
NATO-backed rebels killed Colonel Muammar Gaddafi and toppled his regime in late 2011, as part of the wider so-called “Arab Spring.” Almost seven years on, the country is ramping up its oil exports, but remains divided between opposing militant factions.
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