Economy

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Turkmenistan intends to produce gasoline from gas

  Construction and assembly work has been completed at the plant for producing gasoline from natural gas in the Ahal region of Turkmenistan, which is ready for tests, State News Agency of Turkmenistan reported. …

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Brent oil exceeds $62

Brent crude contracts for March delivery were marked 61 cents higher from their Thursday close in New York and changing hands at $62.29 per barrel, the highest since late November. WTI contracts for February were marked 58 cents higher …

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 Maas: sanctions against Nord Stream 2 - wrong way

Berlin believes that U.S. sanctions against the Nord Stream 2 is the wrong way to solve a dispute over energy supply, German Foreign Minister Heiko Maas said. "Questions of European energy policy must be decided in …

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World Bank to pick new president by mid-April

The World Bank Board would start accepting nominations for a new leader early next month and name a replacement for outgoing-President Jim Yong Kim by mid-April. The board of the Washington-based global development …

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 Bank of Georgia names Archil Gachechiladze as CEO

Bank of Georgia Group Plc named Archil Gachechiladze as chief executive officer, replacing Kaha Kiknavelidze who will step down at the end of the month, the company said. According to the lender, Gachechiladze will join …

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Russia sets new gas production record

Russian energy companies have increased natural gas production by about 5% over the past year, bringing it to record 725 billion cubic meters, Russian Energy Minister Alexander Novak said at a meeting with Russian President …

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Saudi Arabia sells more than $7 billion in bonds

Saudi Arabia sold $7.5 billion in bonds Wednesday, drawing support from international investors in the kingdom’s first debt sale since the killing of journalist Jamal Khashoggi, The Wall Street Journal reported. …

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Fitch warns of possible downgrade to U.S. rating

Fitch warned of a possible cut to the U.S. triple-A sovereign credit rating later this year if the ongoing government shutdown leads to it hitting its debt ceiling and hampering budget setting. "If this shutdown continues to March …

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 Date of Russia-EU -Ukraine gas talks revealed

Vice President of the European Commission Maros Sefcovic revealed the date of trilateral gas talks between Russia, the European Union and Ukraine. "Pleased that the 2nd round of political trilateral talks with …

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Russia's state workers to see their wages indexed

Russian state workers will see their wages indexed against inflation by 4.3% on October 1, the country's Labor and Social Protection Minister Maxim Topilin said. "No one abolished the need to keep up public …

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Brent exceeds $60 per barrel after New Year panic

International Brent crude futures climbed back to $60 per barrel today, with OPEC cutting output and on easing concerns over weak demand growth. Around 0940 GMT, Brent crude for delivery in March hit $60 for the first time in 3.5 weeks …

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Beijing-Washington trade talks concluded

China's trade talks with the United States were concluded with results would soon be released, Chinese foreign ministry spokesman Lu Kang said. According to the official, the length of the negotiations, which …

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