News

Russian Kudrin sets goals following his appointment as head of the Audit Chamber

Vadim Dumes in Paris May 15, 2018

Ex-Finance Minister Alexei Kudrin set out his four main goals following his appointment as the new head of Russia’s Audit Chamber, a state agency that oversees the work of the government.

Turkish lira hammered again after Erdogan ‘unchained’ stakes claim to monetary role

bne IntelliNews May 15, 2018

President’s remarks cast doubt on central bank’s credibility causing markets to punish the currency by driving it close to an unprecedented 4.50 to the dollar.

Hectic May ahead of Prague’s bourse with a raft of listing

bne IntelliNews May 15, 2018

The Prague bourse is going to have a hectic May with the trading of young companies and the entry of more than 30 foreign brands to the exchange’s listings.

Russian O'key retailer could IPO discounter format Yes!

bne IntelliNews May 15, 2018

Russian retailer O'key could hold an IPO of its discounter format "Yes!" (Da!), CEO of the group Miodrag Borojevic told Reuters on May 14, adding that the offering might take place once the discounters become profitable in the 12-18 months

Residents of the Belarus-China industrial park Great Stone to double to 60 by late 2019

bne IntelliNews May 15, 2018

The number of resident companies of the ambitious Belarus-China Great Stone industrial park is expected to rise to 55-60 by late 2019 vs the current 34 residents, according to the park's head of administration Alexander Yaroshenko.

New Armenian PM Pashinian promises Putin close ties will endure

bne IntelliNews May 15, 2018

Victorious leader of Armenia’s velvet revolution asks strategic ally Russia for additional military aid.

Russian banks refinance consumer loans en masse, fighting for clients

bne IntelliNews May 14, 2018

Russia's largest banks launched cut interest rates en masse in an offer to refinancing existing consumer loans in what is starting to look like a price war to win new customers, Vedomosti daily reported on May 11 citing representatives of country's b

Baku warns new Armenian PM of military operations, Turkey mulls diplomatic ties

bne IntelliNews May 14, 2018

Visit to Nagorno-Karabakh by Nikol Pashinian just one day into his tenure did not go down well with Azerbaijan.

Georgians protest against police brutality with dance party outside parliament

bne IntelliNews May 14, 2018

Raids on popular nightclubs spark unusual demonstration in square outside Tbilisi parliament.

China’s CNPC ‘ready to step in’ if Iran nuclear deal blow knocks out Total

bne IntelliNews May 13, 2018

If French energy major opts to give up its 50.1% South Pars gas stake, the Chinese giant reportedly stands ready.

Russia may secure 2018 budget surplus of RUB440.6bn rather than previously forecast deficit

bne IntelliNews May 11, 2018

Surplus would equate to 0.45% of GDP instead of previously expected deficit ratio of 1.3% of economic output, according to amended draft federal budget.

France squares up to US over Iran nuclear deal

Will Conroy in Prague May 11, 2018

French foreign minister says European companies should not have to pay for Washington unilaterally walking out on a multilateral accord.

Armenia’s police chief, national security advisor fired at Pashinian’s request

bne IntelliNews May 11, 2018

People’s-champion-turned-PM decides new top cop will be deputy who was “on different side of the barricade”.

Russian Kudrin to head Audit Chamber

bne IntelliNews May 11, 2018

In an anti-climax to rising expectations of his return to big politics, one of Russia's most respected economists and policymakers Alexei Kudrin will be appointed head Russia’s Audit Chamber, Vedomosti daily reported on May 10 citing unnamed sources.

Enfeebled Turkish lira goes into ‘seesaw’ phase

bne IntelliNews May 10, 2018

New hope for monetary tightening on news of meeting between central bank governor and regulators.

Europe vows to salvage nuclear deal, Iran will take a lot of convincing

Will Conroy in Prague May 9, 2018

It’s difficult to imagine, but if the EU is truly determined to save the accord it may have to dare to defuse Donald Trump’s sanctions.

Iran's supreme leader to Trump: “Like hell, you will!”

bne IntelliNews May 9, 2018

Scornful reaction to nuclear deal exit includes questioning of US president’s mental capacity in Iranian parliament.

Turkish lira rebounds on rate hike hopes as Erdogan summons economic aides to palace

bne IntelliNews May 9, 2018

Investors buy into hope that the president will back emergency pre-election tightening despite his calls for cheaper money.

Turkish lira sinks to fresh record low after US nuclear deal pullout, share index worst in 10 months

bne IntelliNews May 9, 2018

Trump's nuclear deal exit piles pressure on already exposed currency and shares with Turkey vulnerable to sanctions impact on Iran's energy exports.

US, Europe on collision course as Trump 'hard exits' from Iran nuclear deal

Will Conroy in Prague May 8, 2018

American president took the ‘nuclear option’ in pulling out and reimposing heaviest sanctions.

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