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Russia
Asia
Russia remains one of leading energy market players despite challenges, says Putin
Russia's oil exports to Asia-Pacific region grew 1.5-fold and already exceeded 60 percent
Economy
Bank of England holds rates at 5 percent, boosting pound to over two-year highs
The Committee unanimously cut U.K. government bond purchases by $93.77 billion, reducing the total to $523.58 billion
Banking & Finance
Russia’s Central Bank hikes interest rate to 19 percent, second increase this year amid ongoing inflation
Annual inflation in the country is currently at 9 percent, surpassing earlier predictions
Banking & Finance
Russia’s gold reserves rise 5.1 percent to $188.8 billion in August
For the first time in a quarter-century, the share of the precious metal in the country’s international reserves exceeded 30 percent
Asia
Malaysia applies to join BRICS, strengthening bilateral relations with Russia
Malaysia's bid to join BRICS was a key agenda item in India's PM's meeting with the Russian Foreign Minister
Asia
China reclaims top spot with $196.5 billion in international tourism spending in 2023: Report
This reflects the continued recovery of the Asia and Pacific (APAC) region from the impacts of the COVID-19 pandemic
Economy
Russia raises 2024 budget deficit estimate to $23.76 billion at 1.1 percent of GDP
Russia reduced forecasts for additional oil and gas revenues by 767 billion roubles to 1.05 trillion roubles
Economy
Russia’s central bank maintains 16 percent interest rate, raises inflation forecast
The central bank raised inflation forecast to 4.3-4.8 percent, up from 4-4.5 percent
Energy
U.S. refiners’ profits set to fall in Q1 of 2024, margins remain strong
Earnings to increase in the next two quarters as demand picks up during the summer driving season
Economy
Russia raises GDP growth forecasts for 2024 to 2.8 percent amidst higher inflation, weaker rouble
IMF projects a GDP growth rate of 3.2 percent for Russia