Russia is actively working to eliminate international barriers hindering its food and agricultural exports, Deputy Foreign Minister Sergey Vershinin said, as reported by TASS on Wednesday.
He emphasised the ongoing validity of the memorandum between (...)
Russia's oil and gas revenue is projected to nearly double in April compared to the previous year, reaching $14 billion, as indicated by calculations from Reuters.
This surge underscores the challenges faced by Western nations in their efforts to (...)
Shell, TotalEnergies, and Mitsui & Co. are in discussions to invest in Abu Dhabi National Oil Co.'s (ADNOC) upcoming LNG export project in the UAE. A final investment decision on the project could happen as soon as next month.
According to sources (...)
Ukraine is preparing to present a proposal to international bondholders for restructuring its $20 billion debt by the beginning of May, two sources knowledgeable about the matter told Reuters on Monday.
Ukraine urgently needs to conclude a debt (...)
The International Finance Corporation (IFC), the World Bank's private investment arm, plans to fund $1.9 billion worth of projects in Ukraine over the next 18 months, an IFC official told Reuters on Monday.
More than half of that is covered from the (...)
Angola is planning to re-enter the international bond markets this year with a $1 billion bond, Finance Minister Vera Daves de Sousa told Reuters.
Daves de Sousa anticipates that the government could reduce its debt-to-GDP ratio to 60 per cent or (...)
Ukraine is set to restart limited electricity exports this Sunday, according to the country's energy ministry, cited by Reuters.
However, the ministry stated that it anticipated a significant increase in power imports during peak usage times. This (...)
Egyptian President Abdel Fattah Al-Sisi and his Serbian counterpart Aleksandar Vucic on Wednesday reaffirmed their strong historical ties and commitment to further strengthening bilateral relations.
The two leaders spoke by phone, discussing a range (...)
Reliance Industries Ltd. took an unusual move by offering US oil to other buyers in Asia last week, a deviation from the typical practice among refiners who seldom engage in reselling crude shortly after purchase, Bloomberg reported.
According to (...)
Egypt's President Abdel Fattah Al-Sisi, hosted Sergei Naryshkin, the Director of the Russian Foreign Intelligence Service, on Tuesday. The meeting, which also included Abbas Kamel, the Chief of Egypt's General Intelligence Service, focused on a (...)
Iran warned that it would escalate its military response if Israel or the US retaliated for the recent Iranian strike on Israel. The strike, conducted on Saturday night, utilised over 300 drones and missiles, marking Iran's first direct attack on (...)
Jamie Dimon, the CEO of JPMorgan Chase, recently expressed concerns regarding potential risks to the US economy amidst geopolitical tensions and political polarisation, abc News reported on Monday.
In his annual shareholder communication, Dimon (...)
The Food and Agriculture Organisation of the United Nations (FAO) reported a 1.1 per cent increase in world food commodity prices in March, marking the first rise in seven months driven by surges in international quotations for vegetable oils, dairy (...)
Egypt's food exports recorded a remarkable activity during the period from March 30 until April 5, the Egyptian Cabinet said on Sunday, citing the National Food Safety Authority's (NFSA) 14th weekly report for 2024.
According to the report, a total (...)
The US was surprised by India's decision to halt Russian oil imports, given Washington's interest in maintaining energy flow to avert supply shocks amid the Ukraine conflict, according to Bloomberg citing US Treasury Assistant Secretary for Economic (...)
Eurozone consumers lowered their near-term inflation expectations to 3.1 per cent for the coming year, down from the previous month's forecast of 3.3 per cent, according to a recent survey by the European Central Bank (ECB) cited by Reuters on (...)
German companies experienced a decline in price expectations in March, hitting a three-year low, according to the Institute for Economic Research (Ifo), cited by Reuters. The institute also projected that inflation is likely to drop below the target (...)
The dynamics of global liquefied natural gas (LNG) supplies are pivoting back towards Asia following a decline in prices, triggering increased purchases from emerging economies, according to a Bloomberg report.
In March, shipments to Asia surged to (...)
Ukraine made its mark in the European Union (EU) by becoming one of the top three chocolate exporters in 2023, delivering a total of 22,000 tonnes, accounting for 13 per cent of the EU's chocolate imports, Interfax reported on Monday.
Switzerland (...)
The third review of Egypt's economic reform programme would be completed before the end of June, followed by the disbursement of a new tranche of the loan worth up to $820 million, Ivanna Vladkova Hollar, head of the International Monetary Fund (...)
Gazprom, the Russian energy giant, continues to supply Europe with gas via Ukraine, with a daily volume of 41.95 million cubic metres (mcm) as of March 31, 2024, according to a company representative cited by TASS.
The gas is being pumped through (...)
Foreign companies incurred losses exceeding $107 billion due to writedowns and lost revenue, following the corporate departure from Russia after its 2022 war against Ukraine, Reuters reported on Thursday.
The losses have increased by a third since (...)
Sweden's central bank, the Riksbank, maintained its key rate at 4 per cent on Wednesday, indicating that easing inflationary pressures could lead to the first of several policy rate cuts in the coming months, Reuters reported.
The headline inflation (...)
Oil stabilised following its largest increase in a week, as OPEC+ plans to reaffirm production cuts amidst the Middle East and Russia tensions, as per a Bloomberg report.
Brent traded below $87 a barrel, up 1.6 per cent on Monday, while West Texas (...)
Egyptian Prime Minister Mostafa Madbouly met with a bipartisan delegation from the US House of Representatives' Ways and Means Committee on Monday. The delegation, led by committee Chairperson Jason Smith, included members from both Republican and (...)