page 17
Russian state lender Sberbank plans to complete the sale of Turkey’s Denizbank in the first half of the year, Sberbank said in a filing. Sberbank, Russia’s biggest bank by assets, bought Denizbank in 2012 for around $3.5 …
The Russians scored a record number of loans in 2018. The average debt burden of Russian families increased from 22% to 27%. Russian people's current total debt is 14.86 trillion rubles. According to the …
Sberbank CEO Herman Gref said that the bank lost billions of rubles as a result of artificial intelligence errors. "Artificial intelligence, in general, makes decisions in large systems. A small mistake …
Iranian lawmakers approved a motion to allocate 1.5 billion euros to the country’s plans to boost the defense power, Iranian Parliament Speaker Ali Larijani said. In an open session of the parliament on …
Russia's private equity firm Baring Vostok has appealed to President Vladimir Putin to intervene in a criminal investigation into its U.S. founder Michael Calvey and other executives. …
Moody's Investors Service has released a comprehensive report on the Russian economy, analyzing its capabilities and key risks in the medium term. The Agency's analysts estimate the share of the public sector in the Russian …
S&P Global ratings agency forecast that another jump in borrowing by governments will take the global mountain of sovereign debt to $50 trillion in 2019. The firm predicted sovereigns will borrow an equivalent of $7.78 trillion …
Azerbaijani President Ilham Aliyev held a meeting with Regional Director of the World Bank for the South Caucasus Mercy Tembon today, the presidential press service of Azerbaijan reported. …
Over the last two years, cyber attacks caused 3 billion rubles of damage to Russia’s financial sector, deputy chair of the Federation Council Committee on Constitutional Legislation and State Building Lyudmila Bokova said at …
The Bank of Russia Board of Directors decided to keep the key rate at 7.75% per annum, the regulator said in a press release. When grounding its decision the regulator noted that in January 2019, annual inflation held at the lower …
Sberbank president and CEO Herman Gref believes that the dollar remains one of the main means of protection in Russia and the whole world. But de-dollarization, according to him, is strategically a very correct …
Russia’s Central Bank bought foreign currency worth 18.41 billion rubles on February 5 as it resumed its forex purchases for the state reserves, the bank said. The Russian Finance Ministry had said it would allocate 265.8 billion …
Russia reduced investment in the U.S. treasury bonds by $1.815 billion on the month to $12.814 billion in November, the U.S. Department of the Treasury said. Since last year, Russia has slashed around 85% of its U.S. Treasury holdings, …
The amount of gold bought by central banks in 2018 reached the second highest annual total on record, according to the World Gold Council (WGC). Central banks bought the most gold by volume since 1967, according to the industry research …
Armenia’s Central Bank decided to cut the refinancing rate by 0.25 percentage points to 5.75% at today's meeting. The previous time the regulator reviewed the refinancing rate was in March 2017, when it …
Russian Deputy Finance Minister Sergei Storchak said the ministry plans to prepare documents for a Eurobond offering in March. "Usually, the whole package of documents is ready by mid-March, sometime by the …
The federal government shutdown cost the U.S. economy $11 billion, according to a new analysis from the Congressional Budget Office, reflecting lost output from federal workers, delayed government spending and reduced demand. The report …
Saudi Arabia's government plans to spend 100 billion riyals ($27 billion) in 2019 and 2020 as part of a new industrial strategy aimed at weaning the kingdom off oil income, creating jobs, and attracting as much as 1.6 trillion riyals in …
The Russian Central Bank said it decided to commence from February 1, 2019 the foreign currency purchases in the domestic market, which were postponed in 2018 as part of fiscal rule implementation. The regulator added that postponed …
Instant Payment System (IPS) is to be launched in Russia on January 28, 2019, Director of the National Payment System Department of the Bank of Russia Alla Bakina said at the system's presentation. Bakina noted …
