newszine

Russia excels in ditching dollar ahead of pending US sanctions against country’s financial system

1 day ago DieselGasoil Comments Off on Russia excels in ditching dollar ahead of pending US sanctions against country’s financial system
The list of the countries currently taking active steps towards eliminating their economic reliance on the US dollar is growing. Russia has joined a league of nations is making a lot of headway with the task, the WSJ reports. The share of foreign currency in corporate and personal deposits in Russia has declined to 26 Read More

TGS announces strategic collaboration for ocean bottom node projects in North Sea

2 days ago DieselGasoil Comments Off on TGS announces strategic collaboration for ocean bottom node projects in North Sea
ASKER, NORWAY (12 November 2018) TGS announces a strategic collaboration with Axxis Geo Solutions (AGS) for multi-client ocean bottom node projects in the North Sea.  The area of mutual interest covers the core part of the central North Sea up to and including the Utsira area.  Under this agreement, the parties will work together to Read More

Synagogue destroyed by Nazis on Kristallnacht opens in Russia (PHOTOS)

4 days ago DieselGasoil Comments Off on Synagogue destroyed by Nazis on Kristallnacht opens in Russia (PHOTOS)
A new synagogue has been opened in the Russian city of Kaliningrad on the spot of another Jewish place of worship, destroyed by the Nazis during the so-called Night of Broken Glass (Kristallnacht) in 1938. “On this spot, there used to be the Konigsberg synagogue, which was torched on the night of November 09-10, 1938. Read More

Saudi Aramco, Rosneft CEOs discuss cooperation

4 days ago DieselGasoil Comments Off on Saudi Aramco, Rosneft CEOs discuss cooperation
Highlights Aramco launches upstream R&D center in Moscow Moscow — Saudi Aramco CEO Amin Nasser and his counterpart at Rosneft Igor Sechin discussed prospects for cooperation during a meeting in Moscow Friday, the Russian company said in a statement. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “During the Read More

Securities lending boom sparks concerns on returns and voting

6 days ago DieselGasoil Comments Off on Securities lending boom sparks concerns on returns and voting
BOSTON (Reuters) – Securities lending by investment funds has reached its highest level in a decade, as demand for corporate bonds surged more than 30 percent over the past 18 months and short selling of Tesla(TSLA.O) and Alibaba (BABA.N) shares reaches a frenzy. FILE PHOTO: A sign for BlackRock Inc on its building in New Read More

U.S. political gridlock may create investment opportunity

6 days ago DieselGasoil Comments Off on U.S. political gridlock may create investment opportunity
NEW YORK (Reuters) – Investors hope the split between Republicans and Democrats controlling the U.S. Congress will open up opportunities to pick new winners and losers because some government policies will be harder to predict. A day after the mid-term election, the dome of the U.S. Capitol is seen through autumn leaves in Washington, U.S., Read More

Investors pull $18.5 billion from U.S. bond funds in one week: ICI

6 days ago DieselGasoil Comments Off on Investors pull $18.5 billion from U.S. bond funds in one week: ICI
NEW YORK (Reuters) – U.S. fund investors fled bonds at the fastest pace since 2013 in the final week of October, worried about rising interest rates and tightening monetary policy, Investment Company Institute (ICI) data showed on Wednesday. More than $18.5 billion of mutual fund and exchange-traded fund assets flowed out the debt market during Read More

Dumping the dollar: Iran & South Korea agree cross-currency trade

6 days ago DieselGasoil Comments Off on Dumping the dollar: Iran & South Korea agree cross-currency trade
South Korea and Iran have agreed to switch to national currencies in trade exchanges as the sides aim to strengthen relations despite the US sanctions on Tehran. The agreement is of great importance to both countries, Yonhap News Agency reported, explaining that the deal indicated Korea’s concerns about relations with Iran. The countries also agreed Read More

Russia-China trade turnover to hit $100 billion in 2018

7 days ago DieselGasoil Comments Off on Russia-China trade turnover to hit $100 billion in 2018
The volume of mutual trade between Russia and China may reach $100 billion by the end of 2018 with the figure expected to double in the years ahead, according to Andrey Slepnev, Chief Executive of the Russian Export Center. “Russia’s exports to China totaled $26 billion in the first half of the current year, marking Read More