Economy

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Will OPEC+ ease oil deal?

OPEC members are discussing a compromise agreement that would see an oil production increase of 300,000-600,000 barrels per day over the next few months, according to people briefed on the talks, Bloomberg reported. OPEC officials are …

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Dollar - 63, euro - 73

The ruble fell against the dollar and the euro on the Moscow exchange, the Russian Central Bank said. The dollar exchange rate increased by 0.798 rubles and was worth 63.4838 rubles, the euro rose 0.949 rubles and was worth 73.4825 …

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Oil falls $2 a barrel ahead of OPEC meeting

Oil prices fell more than $2 a barrel Friday after two of the world's biggest producers indicated they might increase output at next week's OPEC meeting, while U.S. exports were threatened by potential Chinese tariffs on crude oil and …

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Trump imposes 25% tariff on Chinese goods

US President Donald Trump has imposed 25% tariffs on $50billion worth of Chinese goods. Tariffs that affect more than 800 products worth $34bn in annual trade are due to come into effect on 6 July. The White …

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Russia's Central Bank freezes key rate

The Board of Directors of the Russian Central Bank has kept the key rate at the level of 7.25%. "The Bank of Russia has reviewed the inflation forecast upwards considering the planned increase of the value added tax in 2019. This …

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Seul asks Gazprom to build gas pipeline

Russia's Gazprom has resumed talks with the South Korean authorities on the construction of a gas pipeline through the territory of North Korea, Deputy CEO Vitaly Markelov said. "To date, the political …

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Pashinyan comments on Armenian-Russian relations

Armenian-Russian relations are developing faster than many could expect, Armenia's Prime Minister Nikol Pashinyan said, commenting his recent trip to Moscow. According to the PM, there are no problems in …

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IMF puts itself at odds with Trump over US economy

The US budget deficit could trigger an upsurge of inflation and interest rates that shakes financial markets, according to a report by the International Monetary Fund. In a statement following its regular Article IV assessment of the …

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Iran to hold Intl. forum on exports to Caspian states

The northern Iranian province of Mazandaran will play host to an international conference on the development of marine exports to the Caspian Sea littoral states, an official said, Trend reports. The northern port and free trade zone of …

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