Monday , 26 June 2017

Business

Eurozone Economy Accelerates to Six-Year High on German Manufacturing

Preliminary data suggest a robust acceleration in the Eurozone’s economy in the current quarter; however, the discrepancies in the pace of growth between member states and political risks might deepen the cracks in the bloc’s unity. Kristian Rouz — According to the observations of IHS Markit, economic growth in the Eurozone is likely to have accelerated in February; it is …

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Crimea: 40 foreign delegations to participate in Yalta International Economic Forum

The Yalta International Economic Forum (YIEF) in Crimea is going to be held on April 20-22 this year. “As of today, over 40 delegations from different states have confirmed their participation. Moreover, it will be not just participation but proposals to discuss some issues. There will be a lot of members of the European Parliament and a delegation from the …

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Mechanics of ‘Trump Bump’: Wall Street Outpaces Real Economy

Recent improvements in US economic sentiment stem from the expectations of positive effects of Trumponomics, whilst the real economy still faces downward risks produced by the legacy of the economic policies of the past White House administration. Kristian Rouz – This past week was marked by record highs set on Wall Street, with three main stock indices, the S&P 500, …

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ECB to Keep Pumping Money While Greek , Italian Woes Threaten Eurozone

As the national economies of Italy and Greece are still facing substantial risks in the form of banking sector volatility and public debt concerns, the European Central Bank’s monetary policy is becoming an increasingly divisive issue, threatening to break the Eurozone apart. Kristian Rouz – The European Central Bank (ECB) might have to keep its ultra-accommodative monetary policies in place …

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Weighing the Mnuchin Factor: Dollar Might Be Heading for Devaluation

The dollar is overvalued, US Treasury Secretary nominee Steven Mnuchin said, echoing the remarks made previously by President Donald Trump, suggesting the new administration might take conscious and coherent steps to devalue the greenback in order to boost domestic production. Kristian Rouz – As the new US administration begins to take shape, it is reconsidering the nation’s approach to foreign …

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Game over for the TPP

Donald Trump has signed a decree on withdrawing the US from the Trans-Pacific Partnership. One of his campaign pledges fulfilled Getting out of the TPP was on the list of Donald Trump’s pre-election promises. Many criticized him for his populist rhetoric and were convinced that he was only making loud statements. However, the signing of the decree to withdraw from …

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Cooperation With Russia ‘Crucial’ for EU Energy Security – OMV Board Member

Vienna is currently the host of the European Gas Conference aimed at promoting dialogue between Europe and its main suppliers, such as Russia. Executives of Russia’s Gazprom, Austria’s OMV, Germany’s Uniper and other energy companies are participating in the event. “The European Gas Conference is the ideal platform for European Institutions, European Member States, private companies and supply countries to come together and address questions on Europe’s energy future. …

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Can Alibaba Open ‘Chinese Market to Western Suppliers?’

In light of the World Economic Forum in Davos the founder of the Chinese e-commerce giant Alibaba Group, Jack Ma, tore apart America’s economic policies from the last three decades. Radio Sputnik discussed Jack Ma’s statement and the World Economic Forum with investment banker, Duncan Clark. “Jack Ma is talking now on a geopolitical level of China’s relationship with the …

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Austrians Count Cost of Losing ‘Paradise Market’ in Russia Due to Sanctions

As Russian producers reap the rewards of import substitution, Austrian exporters are ruing the EU’s decision to impose sanctions. Imposing sanctions against Russia was a mistake which has cost Europe as much as Russia, Vienna’s former trade ambassador to Moscow Dietmar Fellner told Austria’s Kurier newspaper. Fellner said that he hopes the sanctions “will soon be abolished,” but warned that …

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Russia, Kuwait Discuss Possible Construction of Nuclear Power Plant

AFP 2016/ YASSER AL-ZAYYAT

Russia and Kuwait discussed possible construction of a nuclear power plant (NPP) as well as cooperation in the spheres of petroleum services and gas, Russian Energy Minister Alexander Novak said in an interview with the Rossiya-24 broadcaster on Sunday. “We discussed specific projects, particularly, we have big prospects in developing relations with Kuwait. We discussed possible construction of a nuclear …

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