Internet guru and owner of the Telegram message service Pavel Durov has halted his TON blockchain project and may have to return the $1.7bn he raised in the largest ever ICO to fund the project.
Romania prepares to ease lockdown to “state of alert” but opposition parties block law setting new regulations on containment and social distancing.
Critic says Erdogan’s cajoling to keep rates low has caused investors to dump lira. With FX reserves sinking, back-door ways to lift currency, such as by squeezing trade, will be needed, but will shred central bank's remaining credibility, they add.
Academics say directive may prompt journalists to self-censor for fear of being fined.
Russia's economy will shrink by at least 5% this year. The Kremlin needs to spend more to shorten the duration of the subsequent recession and has just introduced a third stimulus package.
Attention now shifts to the summer vote, for which the incumbent President Andrzej Duda will have to campaign during an unprecedented economic crisis in the wake of the coronavirus pandemic.
Oversubscribed issue will fund the government's €5.1bn stimulus package after Belgrade decided against going to the IMF for support.
Russian President Vladimir Putin lifted many of Russia’s coronavirus (COVID-19) lockdown restrictions, but the number of those infected continues to rise to new daily record highs.
Officials lift UBS, Citi, BNP lira trading ban. Under regulator’s beady eye, local brokers stop offering FX trading on margin to retail clients. Foreign investors exit country at breakneck speed.
Russia's largest retailer X5 Group saw its online sales jump almost 5-fold year-on-year in April 2020 to RUB1.7bn ($23mn), which VTB Capital (VTBC) on May 8 estimated to be the largest share of e-groceries in Russia.
Last minute decision to cancel election plunged Poland's politics into ever-bigger chaos amidst the coronavirus pandemic and the looming economic crisis.
Czech National Bank surprised the markets by lowering the two-week repo rate by 75 bp to 0.25%.
Fears of a bourse bubble, however, are troubling some investors. Iranians have pinned hopes on the stock market with other parts of the economy—such as property, gold, cars and forex—laid low by US sanctions.
Seen as sitting on strategic Asia-Europe trade junction along China's Belt and Road initiative to develop infrastructure and associated investments.
Prosperity Capital, the most successful portfolio investor in Russia and the former Soviet Union, is setting up an office in France to serve as its European marketing arm following the decision by the UK to exit the European Union, bne IntelliNews ca
The International Monetary Fund (IMF) cancelled its agreement with Ukraine for the extended $5.5bn Extended Fund Facility (EFF) and says negotiations must restart for a downgraded Standby agreement (SBA) due to “political instability.”