Economy

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Stricken Iran's tanker drifts into Japan

A stricken Iranian oil tanker drifted into Japan’s exclusive economic zone on Wednesday afternoon, a spokesman from the Coast Guard’s 10th region based in Kagoshima said, as strong winds pushed the burning ship away from the Chinese …

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Azerbaijan increases amount of funds for exporters

Azerbaijani President Ilham Aliyev has signed a decree on amending the decree "On approval of the procedure for determining and regulating the mechanism for paying part of the expenses paid for by the state budget, …

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Kazakhstan has no plans to decline oil output

Kazakhstan produced 86.2 million tonnes of oil in 2017, up from 78 million tonnes a year earlier, the country's Economy Minister Timur Suleimenov said. The minister said that the Central Asian nation plans to produce just as much or …

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 Russia to purchase record volume of dollars

Russia's finance ministry said it will increase its daily purchases of foreign currency for state reserves to the equivalent of 15.1 billion rubles ($265.10 million) between January 15 and February 6. Total purchases for the …

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Azerbaijan to reconstruct its railway to Russia

Azerbaijan will start reconstructing of the  Baku-Yalama railway to the border with Russia in 2018, which is part of the International North-South Transport Corridor, the republic's President Ilham Aliyev said …

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Oil prices approaching $70 per barrel

Oil prices hit their highest since 2014 today due to ongoing production cuts led by OPEC as well as healthy demand, although analysts cautioned that markets may be overheating. WTI crude futures were at $63.44 a barrel, 0.8% above their …

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New cryptocurrencies cause bitcoin price drop

Bitcoin exchange rate fell by 6.76% to $14,300, according to the data of the electronic cryptocurrency platform Coinmarketcap. According to Coindesk, which provides the most accurate bitcoin price using an average from the …

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