Economy

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 Will Russia issue government bonds in yuan?

The Russian Finance Ministry hopes to place federal loan bonds in the Chinese yuan next year, head of the ministry's Department of National Debt and State-Owned Financial Assets Konstantin Vyshkovsky said during a video …

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Oil drops 5% on concern over size of OPEC output cut

Oil prices plunged anew this morning amid a closely watched OPEC gathering in Vienna, where major producers have yet to reach an agreement on anticipated output cuts, according to an official. WTI crude for January delivery lost …

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Turkey to hold Kanal Istanbul tender in 2019

Turkey plans to hold a tender for the construction of a 45-km shipping canal running parallel to the Bosphorus, Turkish President Recep Tayyip Erdogan told a meeting of his AK Party in Ankara. “The Kanal …

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Iran not to cut oil output while under sanctions

Iran will not discuss its OPEC quota as long as it is under sanctions, Iranian Oil Minister Bijan Namdar Zanganeh said, speaking after the session of the OPEC-Non-OPEC Joint Ministerial Monitoring Committee (JMMC) in …

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OPEC+ recommends oil cuts

Saudi Arabia, Russia and other members of the OPEC+ group recommended an oil production cut, defying a Twitter plea from President Donald Trump to keep the taps open, but their meeting didn’t agree on how big any reduction should be, …

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Sobotka supports Nord Stream-2

President of Austria’s National Council Wolfgang Sobotka said that Vienna is interested in the Nord Stream-2 project. "We are interested in the Nord Stream-2 gas pipeline project in order to strengthen …

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