Russia Archives

Iraq refuses to cut oil production

International Finance DeskOctober 24, 2016

by International Finance DeskOctober 24, 2016

Says the country needs funds as it is embroiled in a war with Islamic militants IFM Correspondent October 24, 2016: It is back to square one. When things were finally looking up for the oil market with Iran agreeing to stabilise the market, Iraq played a spoilsport by refusing to join any deal from OPEC...

Business Leaders

Clinton accuses Russia of interference in US presidential election

International Finance DeskSeptember 6, 2016

by International Finance DeskSeptember 6, 2016

Says President Vladimir Putin sees Trump victory as an advantage IFM Correspondent September 6, 2016: Presidential nominee Hillary Clinton has accused Russia of interfering with the US elections. “It is almost unthinkable”, Clinton said referring to reports of Russia’s alleged involvement in US elections citing the hacking of Democratic National Committee’s emails. “We’ve never had...

Economy

Saudi, Russia to work together on oil prices

International Finance DeskSeptember 5, 2016

by International Finance DeskSeptember 5, 2016

Price of oil jumps 5% September 6, 2016: The price of oil jumped by 5% after Russia and Saudi Arabia discussed ways to stabilise oil prices on the sidelines of the G20 summit in China. Both countries said they will not act immediately but could limit output in the future. The joint statement was signed...

Economy

World Bank cuts global growth outlook

International Finance DeskJune 9, 2016

by International Finance DeskJune 9, 2016

Move prompted by low commodity prices and sluggish growth in advanced economies IFM Correspondent June 9, 2016: The World Bank has downgraded its 2016 global growth forecast to 2.4 percent from 2.9 percent, which was projected in January. The move was prompted by sluggish growth in advanced economies, low commodity prices, weak global growth and...

Banking

‘Banks in Ukraine have experienced increase in volume’

International Finance DeskMay 17, 2016

by International Finance DeskMay 17, 2016

Olexandr Dubilet, Chairman of the board of PrivatBank, on how the bank is coping with the turmoil in the region Suparna Goswami Bhattacharya May 17, 2016 How is the financial sector doing in the context of the current political and economic instability in Ukraine? The economic situation in Ukraine is determined by several factors. First,...

Economy

Will falling oil prices drive global economy into a crisis?

International Finance DeskFebruary 8, 2016

by International Finance DeskFebruary 8, 2016

An analysis by the Corporates & Markets division of Commerzbank AG February 8, 2016: If the oil price slumps, the stock prices plunge: Cheaper oil is clearly now regarded as negative, unlike in earlier times. We assess whether the economic correlations have really changed. Our analysis shows that a falling oil price is not always an...

Fintech

Second half of 2015 promises to be exciting

International Finance DeskSeptember 30, 2015

by International Finance DeskSeptember 30, 2015

2014 and the beginning of 2015 was a time of ups and downs for the financial markets. Experts from FBS Brokerage Company believe that the second half of the year promises to be positive for trading September 30, 2015: The entire 2015, despite some cautious forecasts of economic development, promises to bring many new opportunities...

Business Leaders

‘With AIIB around, ADB will no longer be complacent’

International Finance DeskJuly 31, 2015

by International Finance DeskJuly 31, 2015

ADB was not doing much lending before as Japan was too busy trying to put its own house in order Suparna Goswami Bhattacharya July 31, 2015: Since the day China announced its intention to set up Asian Infrastructure Investment Bank (AIIB), US has been skeptical about its intention. Same with Japan. Though initially, supporters were...

Economy

Russia seeks a bite of Latin America

International Finance DeskApril 2, 2015

by International Finance DeskApril 2, 2015

Renewing and strengthening ties in a bid to alleviate food shortages back home Kamilia Lahrichi April 2, 2015: Russia’s Foreign Minister Sergey Lavrov courted Cuba, Nicaragua, Colombia and Guatemala during a four-day visit to South America in March 2015 to boost bilateral trade, as food shortage is hitting his country hard. Last year, Moscow banned...

Finance Wealth Management

Investors finally paying more attention to GCC

International Finance DeskFebruary 11, 2015

by International Finance DeskFebruary 11, 2015

So far, energy rich Middle Eastern countries have built a reputation as a source of funds Joel Kukemelk February 11, 2015: As a Europe-based GCC equity fund manager, we are well-aware of the international investors’ views, questions, hopes and doubts when it comes to investing in the Arabian peninsula. So far, global investors have overlooked...