Regional News

20.11.2019

Russia's VTB to expand grain business to abandon it later

Russia’s VTB bank, which is expanding in commodities in a bid to create a national grains champion, will exit the sector once it has built up the assets in the next few years, its CEO told Reuters.

Andrey Kostin also said in an interview that VTB plans to start trading wheat...

Russia’s VTB bank, which is expanding in commodities in a bid to create a national grains champion, will exit the sector once it has built up the assets in the next few years, its CEO told Reuters.

Andrey Kostin also said in an interview that VTB plans to start trading wheat...

20.11.2019

Russian stocks, currency ride high on strong demand

The rouble gained on Tuesday, with local taxes propping up demand for roubles and protecting the Russian currency from discouraging news regarding U.S-China trade talks.

At 0745 GMT, the rouble was 0.1% stronger against the dollar at 63.79 and had gained 0.1% to trade at 70.65 versus the euro.

CNBC had reported...

The rouble gained on Tuesday, with local taxes propping up demand for roubles and protecting the Russian currency from discouraging news regarding U.S-China trade talks.

At 0745 GMT, the rouble was 0.1% stronger against the dollar at 63.79 and had gained 0.1% to trade at 70.65 versus the euro.

CNBC had reported...

20.11.2019

China’s share prices revive on stimuli

China stocks rose the most in two weeks on Tuesday, as a cut in a key interbank funding rate on Monday bolstered hopes for more government stimulus to prop up slowing growth. The blue-chip CSI300 index rose 1.0%, to 3,947.04, while the Shanghai Composite Index gained 0.9%, to 2,933.99.

The People’s...

China stocks rose the most in two weeks on Tuesday, as a cut in a key interbank funding rate on Monday bolstered hopes for more government stimulus to prop up slowing growth. The blue-chip CSI300 index rose 1.0%, to 3,947.04, while the Shanghai Composite Index gained 0.9%, to 2,933.99.

The People’s...

20.11.2019

China's fiscal revenue up 3.8% in January-October

China's fiscal revenue increased 3.8 percent year-on-year to around 16.77 trillion yuan ($2.39 trillion) in the first 10 months of 2019, data showed Tuesday.

The central government collected about 8.07 trillion yuan in revenue during the period, up 4.4 percent year-on-year, while local governments saw revenue up 3.3 percent to about...

China's fiscal revenue increased 3.8 percent year-on-year to around 16.77 trillion yuan ($2.39 trillion) in the first 10 months of 2019, data showed Tuesday.

The central government collected about 8.07 trillion yuan in revenue during the period, up 4.4 percent year-on-year, while local governments saw revenue up 3.3 percent to about...

20.11.2019

China sweetens offer as global FDI bright spot

China continues to see an uptrend in foreign direct investment (FDI) inflow as investors remain bullish on tapping into a huge market with growing ease of doing business.

Monday's data from the Ministry of Commerce (MOC) showed that FDI into the Chinese mainland expanded 6.6 percent year-on-year to 752.41 billion yuan...

China continues to see an uptrend in foreign direct investment (FDI) inflow as investors remain bullish on tapping into a huge market with growing ease of doing business.

Monday's data from the Ministry of Commerce (MOC) showed that FDI into the Chinese mainland expanded 6.6 percent year-on-year to 752.41 billion yuan...


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