High-speed rail deal among 21 signed by China and Russia
Twenty-one agreements were signed between China and Russia on Monday to further promote cooperation in various fields, including on high-speed railways, during Premier Li Keqiang’s visit to St. Petersburg. Li and his Russian counterpart, Prime Minister Dmitry Medvedev, witnessed the signing of the agreements — which also included civil nuclear power technologies, energy projects and […]
China shows reliability in global financial governance
Zhong Sheng (People’s Daily) Starting from October 1, the Chinese yuan will be included in the Special Drawing Rights (SDR) basket of the International Monetary Fund (IMF) along with the US dollar, the Euro, the Japanese yen and the British pound. This will be the first time for a currency of a developing country to […]
Is Mongolia really facing an economic recession?
The UB Post – Khaliun Chimeddorj Minister of Finance B.Choijilsuren made a statement to the public to present information about the nation’s current socio-economic, budgetary, and financial conditions, after which, many people started asking if the country’s economic situation was truly in critical condition. MONGOLIA’S ECONOMIC GROWTH The Minister said that the four main indicators […]
New energy industry: Korea’s next growth engine
By Joo Hyung-hwan – The Korea Times Korea has never stopped seeking fast-growing sectors for targeted investments that can provide new impetus to the country’s economic growth. As its latest initiative for a new growth engine, the Ministry of Trade, Industry and Energy (MOTIE) unveiled a detailed investment plan on July 5 to promote the […]
Russia restarts talks on economic cooperation program with Turkey
Russia will restart talks on the draft trade and economic cooperation program with Turkey for 2016-2019, the Russian Government said in the decree on trade and economic relations with Turkey, posted on the Cabinet’s website on July 22, TASS reports. “In accordance with introduced amendments the mixed intergovernmental commission on trade and economic cooperation will […]
Brexit: Less impact to Malaysian traders in short term
The Brexit or the British exit from the European Union (EU) in a historic referendum on 23 June 2016 has affected the money market (shares, bonds, debentures, derivatives) goods and services, property market/assets and labour market. The market shocks in the United Kingdom (UK) begin in the money market and it is very much influenced […]
Western Europe remains Russia’s largest foreign investor
Russia retained the eighth position among European countries by level of foreign direct investment, Tass reports. The number of foreign direct investment (FDI) projects in Russia grew 61% to 201 in 2015, which made Russia one of the leaders in terms of growth rates of the number of such projects, according to 2016 European Attractiveness […]
Outflow of Capital From Russia Decreased Almost by 9 Times
Vladimir Putin said that the outflow of capital from Russia has decreased almost by nine times, Sputnik reports. The outflow of capital from Russia has decreased almost by nine times, Russian President Vladimir Putin said on June 17. “The outflow of capital in our country has decreased by [many] times… As far as know, we […]
Top 7 saving countries in Asia
Seven Asian states are the best saving countries in the world with gross national saving, a measure that accounts for both private and public savings according to the data from the International Monetary Fund (IMF), reports Business Asia One. According to the data, China saves the most money in absolute terms, an estimated $9.25 trillion […]
A Turning Point in Kazakhstan-Iran Relations
Kazakhstan and Iran signed 66 agreements to boost economic relations during the president of Kazakhstan, Nursultan Nazarbayev’s visit to Tehran on April 11. The documents were signed after the meetings between Kazakh president Nursultan Nazarbayev, Hassan Rouhani, president of Iran and Ali Khamenei, the supreme leader. Two countries signed agreements which cover railway transportation, logistics, […]
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