BUSINESS
Business news from around the globe
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Oil exporter Azerbaijan sharply devalues currency
BAKU: Azerbaijan’s central bank has sharply devalued the energy-rich country’s currency as falling oil prices and economic turmoil in Russia…
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Russia may lose 180 bln USD annually due to weak oil prices
Russia would lose 180 billion U.S. dollars a year due to the slump of global oil prices, a senior official…
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Europe needs a lasting solution for the Greek problem
By Zsolt Darvas The talks between the new Greek government and Eurozone partners turned out to be as hectic and…
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World Bank to provide up to $2 billion to Ukraine in 2015
The World Bank said in a statement on Thursday that it will provide up to 2 billion U.S. dollars to…
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A new start for Greece: essential elements of a deal
By Guntram B. Wolff Greece’s new government under prime minister Alexis Tsipras – in power for not even two weeks –…
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ECB collateral damages on Greece
By Silvia Merler The European Central Bank’s Governing Council has lifted the waiver of minimum credit rating requirements for greek government…
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Iran, Russia facilitate bilateral monetary transfers
A Moscow-based subsidiary of Iran’s state-run Bank Melli is facilitating money transfers between Iran and Russia, Iran’s ambassador to Russia…
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First tranche of Chinese loan to build dams in Argentine Patagonia; CFK en route to Beijing
The construction of the Nestor Kirchner and Jorge Cepernic dams in Santa Cruz, Patagonia is finally set to begin now…
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Retaking the Greek Test
By Ashoka Mody For about five years now, Greece has been giving the euro area authorities a test in economics…
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