Saturday, October 19, 2019
Pressured by concerns about weaker demand for fuel due to slower economic growth and forecasts of a further rise in U.S. crude inventories, the price of oil slipped further below $59 a barrel on Wednesday, Reuters reported.  Signs from the Organization of the Petroleum Exporting Countries (OPEC) that further curbs...
The International Monetary Fund (IMF) on Tuesday issued a downbeat assessment of the global economy in its half-yearly World Economic Outlook, saying conditions could darken considerably if trade tensions remain unresolved, CNBC reports. “After slowing sharply in the last three quarters of 2018, the pace of global economic activity remains...
The Moscow Exchange plans to raise its dividend payout floor to 60% of net profit and channel all of its free cash flow into dividends, Reuters reported citing the exchange’s new dividend policy announced on Tuesday. The bourse's free cash flow, seen as a measure of profitability in financial analysis,...
Russia has moved four places up to 14th position in the latest Nation Brands 2019 ranking by UK-based business valuation consultancy Brand Finance, bne Intellinews reports. According to the ranking, Russia’s brands grew a solid 16% growth in value to $960 billion this year, the report said. Developing economies have seen...
New oil agreements are planned as part of Vladimir Putin’s visit to Saudi Arabia on Monday, as the Russian president will try to use his influence to defuse rising tensions in the Gulf, VOA News in Russian reports. Oil will be "the main topic of discussion" between the leaders, Russian...
Washington is trying to stonewall the United Nations’ work not only by creating visa hurdles for delegations’ members but also by ignoring its commitments on contributions to the organization’s budget, the Russian Foreign Ministry said on Sunday, TASS reported. "It’s necessary to note that the United States has been a...
President Vladimir Putin said Russia has “very friendly personal relations” with Saudi Crown Prince and de facto ruler Mohammed bin Salman, Reuters reported. Putin was speaking in an interview with Arab broadcasters, including Saudi-owned Al Arabiya TV, ahead of his first visit to Saudi Arabia in over a decade. Putin also...
Russia’s second-largest lender, VTB, is betting on digital transformation and aggressive retail growth as the keys to success for the bank, its chairman Andrei Kostin told Euromoney in an interview on Friday. As recently as 2014, the high-profile executive – known in the West for his alleged proximity to the...
The Russian Direct Investment Fund (RDIF) plans to implement 25 new projects worth $10 billion with Saudi companies, RDIF CEO Kirill Dmitriev revealed at a briefing on Thursday, according to Reuters. "We are working now on 25 new projects worth $10 billion. We have a focus on artificial intelligence; we...
The Russian government’s Analytical Center expects the country’s taxi market to grow by 5.6% to 709 billion rubles ($11 billion) in 2019, RBC reports. The study also estimates the illegal taxi market in Russia grew by 6.3% compared to 2018, to about 100 billion rubles ($1.56 billion). In some...