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Let’s replace US dollar with Russian gold, Moscow exchange chief suggests

8 hours ago DieselGasoil Comments Off on Let’s replace US dollar with Russian gold, Moscow exchange chief suggests
Russian gold could become the perfect alternative to conservative investments in the greenback, the CEO of Russia’s key trading floor, Moscow Exchange (MOEX), believes. “Let’s offer an alternative to the US dollar in the form of Russian gold, which we produce… investment gold,” CEO Alexander Afanasiev suggested, speaking in the Lower House of Russia’s parliament Read More

Russia cuts foreign debt to decade low while boosting national reserves

12 hours ago DieselGasoil Comments Off on Russia cuts foreign debt to decade low while boosting national reserves
Russia’s external debt has fallen by $64.4 billion or 12.4 percent from the beginning of last year, amounting to $453.7 billion as of January 1, 2019 – the lowest level since April 2009, according to Central Bank of Russia data. All institutional sectors dropped their debts last year, the Central Bank of Russia announced on Read More

Japan firms have no plans to strengthen governance after Ghosn arrest: Reuters poll

22 hours ago DieselGasoil Comments Off on Japan firms have no plans to strengthen governance after Ghosn arrest: Reuters poll
TOKYO (Reuters) – Three-quarters of Japanese companies have no plan to create committees overseeing compensation or executive nomination, a Reuters poll found, reflecting indifference to boosting governance after the arrest of former Nissan boss Carlos Ghosn. FILE PHOTO: Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, reacts during a news conference in Paris, France, Read More

IMF, CEOs sound warnings as leaders gather in Davos

1 day ago DieselGasoil Comments Off on IMF, CEOs sound warnings as leaders gather in Davos
DAVOS, Switzerland (Reuters) – The International Monetary Fund trimmed its global growth forecasts on Monday and a survey showed increasing pessimism among business chiefs as trade tensions and uncertainty loomed over the world’s biggest annual gathering of the rich and powerful. International Monetary Fund (IMF) Managing Director Christine Lagarde attends a news conference ahead of Read More

IMF fears trade war and weak Europe could trigger sharp global slowdown

1 day ago DieselGasoil Comments Off on IMF fears trade war and weak Europe could trigger sharp global slowdown
DAVOS, Switzerland (Reuters) – The International Monetary Fund on Monday cut its world economic growth forecasts for 2019 and 2020 due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilize a slowing global economy. In its second downgrade in three months, the global lender also cited Read More

IMF cuts global growth outlook, cites trade war and weak Europe

1 day ago DieselGasoil Comments Off on IMF cuts global growth outlook, cites trade war and weak Europe
DAVOS, Switzerland (Reuters) – The International Monetary Fund on Monday cut its world economic growth forecasts for 2019 and 2020, due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilize a slowing global economy. Swiss special police officer keeps watch from a rooftop, ahead of inauguration Read More

Oil firms as China's slowdown not as steep as some expected

2 days ago DieselGasoil Comments Off on Oil firms as China's slowdown not as steep as some expected
SINGAPORE (Reuters) – Oil prices firmed on Monday after data showed China’s economic slowdown was not as big as some analysts had expected, with supply cuts led by the Organization of the Petroleum Exporting Countries also offering support. FILE PHOTO: A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Read More