EU-China investment agreement negotiations enter ‘critical stage’: EU ambassador

BEIJING (Reuters) - Negotiations on an investment agreement between the European Union and China are progressing and have entered a “critical stage” after six years of talks, a senior EU official said on Friday. Progress...

Asian shares firm as China data show signs of easing economic strains

SHANGHAI (Reuters) - Asian shares rose on Friday after data in China showed pressure on the world’s second biggest economy may be starting to diminish. The news along with easing trade tensions with the United...

China posts weakest growth in 29 years as trade war bites, but ends 2019...

BEIJING (Reuters) - China’s economic growth cooled to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States, and more stimulus is expected this year as Beijing...

‘We don’t have political problems with India’: Iran’s Zarif urges Delhi to defy US...

Iranian Foreign Minister Mohammad Javad Zarif has called on India to shirk Washington’s “maximum pressure” sanctions campaign and continue sourcing its energy from the Islamic Republic, arguing it’s in the country’s best interest. While on...

How Vulnerable Is Iraqi Oil Production?

By Tsvetana Paraskova Just as Iraq has increased its crude oil production and export capacity over the past decade, the recent flare-up of tensions in the Middle East suggest that OPEC’s second-largest oil producer could become...

Five Clean Energy Trends To Watch In 2020

By Tsvetana Paraskova At the start of 2020, analysts bravely stepped out on a limb to predict how the turbulent energy market and energy systems will evolve at the beginning of the new decade. Clean energy and...

Two Reasons Why Oil Prices Rose Today

By Julianne Geiger Oil prices were trading up over 1% on Thursday afternoon, the latest development in the current oil market that can’t decide whether oil prices should be up or down. Today’s major catalysts include the...

Oil Glut Overshadows Geopolitical Risk In 2020

By Nick Cunningham The risk of oil supply disruptions from around the world has diminished, and rising non-OPEC production provides a “solid base from which to react to any escalation in geopolitical tension.” In its January Oil...

Will The Permian Peak This Year?

By Anes Alic Ticker: Just a few years back, the U.S. shale industry was drowning in a sea of hubris, with pompous  experts making outrageous claims such as the Permian Shale is a near-infinite resource thanks to the basin’s...

India May Significantly Boost U.S. Oil Imports

By Tsvetana Paraskova India and the United States will discuss India’s energy security and the Asian country buying increased volumes of U.S. crude oil when U.S. President Donald Trump and Indian Prime Minister Narendra Modi meet...

Turkish private sector foreign debt falls in November

Turkey's outstanding short-term foreign private-sector debt narrowed in November 2019, the Central Bank of the Republic of Turkey (CBRT) said on Jan. 16. The private sector's short-term external loans, excluding trade credits, totaled $10.2 billion, down $5.2 billion in...

Budget posts $21.8 bln deficit in 2019

Turkey's central government budget balance posted a deficit of 123.7 billion Turkish liras ($21.77 billion) in 2019, the Treasury and Finance Ministry announced on Jan. 15. Turkey's budget revenues rose 15.5 percent to hit 875.8...

Turkey sees trade potential in Africa, minister says

Turkey will attach more importance in 2020 to Africa, which possesses important potential, said Turkey's trade minister. Market diversification is important for Turkey because the world faces trade wars and protectionism, Ruhsar Pekcan said. Noting that Turkey's exports rose...

Turkey to build stronger trade diplomacy with Africa in 2020

DAILY SABAH WITH AA Trade Minister Ruhsar Pekcan attended the Morocco-Turkey Business Forum during her visit to the country. (Trade Ministry - AA Photo) With the trade volume between Turkey and African countries already seeing growth...

Turkey’s Central Bank cuts interest rates 75 bps

The Central Bank of Turkey (CBRT) on Jan. 16 cut its one-week repo rate by 75 basis points. The bank's policy rate, also known as one-week repo auction rate, has been revised to 11.25 percent, down from 12 percent, ...

Armenia’s total public debt in late November 2019 stood at $7.166.076 billion

YEREVAN, January 17. /ARKA/. Armenia's overall public debt at the end of November 2019 stood at $7.166.076 billion, having decreased by $49.322 million from the previous month, the National Statistics Committee (NSC) said today....

Picodi.com ranks Armenia fifth by size of minimum wage rise

YEREVAN, January 17. /ARKA/. In a study by Picodi.com that focuses on minimum wages in 54 different countries around the world, Armenia ranks fifth. In Armenia the basic shopping basket makes 62% of the...

Bye bye lignite: Understanding Germany’s coal phaseout

Germany is hoping to phase out its coal-fired power plants by 2038 as part of its transition to a carbon-free economy. Here are the most important facts you need to know about Germany's exit...

BOJ to keep policy steady, raise growth outlook as risks subside

TOKYO (Reuters) - The Bank of Japan is expected to keep monetary policy steady next week and nudge up its economic growth forecast, as the U.S.-China trade deal and de-escalation in Middle East tensions...

Oil gains after U.S.-China trade deal, fall in inventories

TOKYO (Reuters) - Oil prices rose on Thursday buoyed by the long-anticipated signing of an initial Sino-U.S. trade deal that sets the stage for a jump in Chinese purchases of American energy products, while...