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Moody's improves Russian banks' outlook to 'stable'

Published time: 22 Feb, 2017 14:43 The Moody’s rating agency has revised its outlook on 14 Russian banks from ‘negative’ to ‘stable’ with the ratings of financial institutions affirmed. The move followed last week’s upgrade of the Russian sovereign debt rating from negative to Ba1. Read more The list of lenders includes Sberbank, VTB, Bank…

Deal to Streamline World Trade Takes Effect

GENEVA —  The first multilateral trade agreement reached under the World Trade Organization since it was created over a generation ago has taken force, aiming to streamline cross-border trade to the benefit of the developing world in particular. WTO Director-General Roberto Azevedo said Wednesday that the required two-thirds of member states have ratified the accord.…

US Treasury Chief Tells IMF He Expects ‘Frank and Candid' Forex Analysis

WASHINGTON —  U.S. Treasury Secretary Steven Mnuchin told International Monetary Fund Managing Director Christine Lagarde on Tuesday that he expects the IMF toprovide “frank and candid” analysis of exchange rate policies, a Treasury spokesperson said. In a phone call with Lagarde, the spokesperson said, Mnuchin also “noted the importance that the administration places on boosting…

Russian automaker kickstarts sales in Germany

Published time: 21 Feb, 2017 14:54 Major Russian car producer AvtoVAZ has started selling the new Lada Vesta model in Germany, the company announced on Tuesday. “At the moment more than 200 Lada Vesta cars have been shipped to Germany. The starting price for a sedan with a manual transmission will be about €12,500 and…

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