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Venezuela shifts PDVSA oil venture accounts to Russian Banks

12-02-2019

On Saturday, the 9th of February, PDVSA, the Venezuelan state-run oil company confirmed their customers about a joint venture in order to proceed with oil sales through a recently opened bank account at Russian Gazprombank AO

Egypt forecasts an average oil price of $67 for 2019-20 budget

12-02-2019

On Sunday, the 10th of February, an Egyptian finance ministry report revealed that the Egypt was expecting an average crude oil price of $67 a barrel for their 2019-2020 budget

German banks sound alarms on new US sanctions on Russia

12-02-2019

Following the US midterm election, which handed over the house of representatives to the Democrats, the German banks are bracing for another leg of US sanctions on Russia.

Pakistan PM meets IMF Director on emergency rescue talks

12-02-2019

Over the sidelines of World Government Summit, the International Monetary Fund Director, Christine Lagarde met Pakistani PM, Imran khan to hold talks on rescue attempts for Pakistani economy through bailout.

French Job engine lacks fuel, posts lowest growth in four years

11-02-2019

Amidst ongoing protest over the French President Emmanuel Macron’s economic policies, the job sectors in France had been hammering hard, since the French job engine is in a halt, which recently posted its lowest growth since 2015.

IMF’s Lagarde cautions against “white elephant projects” on oil price shock

11-02-2019

On Saturday, the Chief of IMF, Christine Lagarde said that the oil exporters are not fully recovered from the dramatic oil price shock of 2014, alongside, she also cautioned against spending big moneys on “White Elephant Projects

Pakistan PM Imran Khan to meet IMF chief on bailout talks

11-02-2019

The Pakistani Prime Minister, Imran Kahan, told the reporters on Saturday, the 9th of February, that he would be meeting the chief of International Monetary Fund, Christine Lagarde in Dubai on Sunday

Libyan oil company NOC in talks with Repsol on Sahara field crisis

11-02-2019

On Saturday, the 9th of February, the Libyan State Company, National Oil Corp., said that its president, Mustafa Sanalla had been in talks with the Respol Executives in Tripoli, about the oil field crisis in the Sahara.

Sechin raises pressure on Putin to put an end to OPEC agreement

10-02-2019

Igor Sechin, the head of Russian oil giant Rosenoft & one of the closest allies of Russian President Vladimir Putin, wrote a letter to the Russian President, saying that the Russia’s deal with the OPEC nations could have been a strategic threat

Germany & France face hurdles to reform EU anti-trust rules

10-02-2019

Germany and France have been seeking ways to reform the EU merger rules, following the veto of European Commission earlier this week, that blocked the Siemens-Alstom merger deal

US to withdraw zero tariff on $5.6 billion of Indian exports

10-02-2019

Following multiple failed attempts of White House to resolve their trade differences with Indian government, India may have been facing a US sanction, which would lead the nation to lose tariff exempt over $5.6 billion of exports.

EU wants to ensure UK leaves with a deal, says PM May

09-02-2019

When the United Kingdom had been bracing for a hard-Brexit and multinational businesses including financial institutions had been sweeping away their assets from Britain, UK PM May has again been sent to Brussels to renegotiate

US Treasury’s Mnuchin to visit China next week for trade talks

08-02-2019

On Wednesday, the 6th of February, 2019, the US Treasury’s Mnuchin had said that he, alongside other US officials would be travelling to Beijing next week for next round of trade talks

EU antitrust policy under microscope after blocked Siemens-Alstom deal

08-02-2019

Siemens and Alstom’s plan of creating a European rail champion to grapple with the gauntlets of intense global competition had been compromised on Wednesday, the 6th of February, 2019

Merkel forges terms on Huawei’s participation in 5G network

07-02-2019

Angela Merkel, the German Chancellor, said on Tuesday, the 5th of February, that the Germany required guarantees from China’s Huawei Technologies, that they would not be handing over their data to the Beijing

Germany prepares to invest on key domestic companies to safeguard intel

07-02-2019

The economic minister of Germany, Peter Altmaier, said that the German government is well-prepared to purchase stakes of privatized domestic companies in order to prevail foreign financial invasions and to safeguard the country’s prosperity

US service sector activity at six-month low, shutdown to be blamed

07-02-2019

The US service sector activity had fell to a six-month low in January, as investors were worried about the effect of a record 35-day long federal government shutdown.

Brexit fret plagues Britain's service sectors, employees on recession risk

07-02-2019

The British service sector, particularly holds greater importance in UK economy, has been feeling unnerving uncertainty and a gloomier working atmosphere ahead of an upcoming divorce with European Union

Australia keeps banking sectors on a tight leash following scandal

06-02-2019

Following the reveal of a cascade of serious financial misconducts by major Australian banks, an investigating commission set up by the Australian government recommended that, the financial institutions would have to answer for 24 cases

Trump vouches for Malpass as new World Bank Chief

06-02-2019

The United States’ president Donald Trump vouched for David Malpass, 62, an American economist who currently has been serving as US Treasury Secretary for International affairs, to be the new World Bank Chief

Eurozone is not facing recession, says Nowotny (ECB)

06-02-2019

The governor of the Oesterreichische Nationalbank, central bank of Austria, Ewald Nowotny, said on the sidelines of a Lamfalussy lecture conference in Budapest, that the eurozone was not headed towards a recession

General Motor slashes 4,000 workers in latest round of reforms

06-02-2019

On Monday, the 4th of February, the General Motor Co. had been quoted saying that they had been planning to initiate a “pink slip handover” to over 4,000 full-time workers

Chinese service sector PMI sours slightly, appears solid despite slowdown

05-02-2019

China’s service sector, which accounts for most of its revenues, had maintained a solid pace of expansion last month, although the growth sectors appeared to be slightly dimmed

French employers ready to resume negotiations on unemployment

05-02-2019

U2P, CPME and Medef had agreed on resuming talks over the unemployment insurance reform policies, which had been suspended since the last Monday (Jan. 28th), pending government’s clarification over a short-term bonus-malus

German Industry exhales contraction for the first time in four years

05-02-2019

The German Industries had made a dubitable start this year, with a stack of tempestuous data tottering investors’ sentiment and souring market momentum on a frequent basis.

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