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Monday 18.12.2017 | Name days: Klinta, Kristaps, Kristofers, Krists

Brent crude drops on US unemployment

Brent crude fell down to 115 US dollars on Monday, June 6, amid fear over demand after disappointing unemployment data was revealed.

Economists: Russian economy returning to Soviet times

The economic policy of Russian officials grows more and more similar to the one of the Soviet times. Moreover, the deteriorating situation with the state budget is the most crucial issue of this, economists say.

Russia bans fresh vegetables import

On Thursday, May 2, Russia banned fresh vegetables import from the European Union member states due to the deathly E-coli bacteria outbreak.

IKEA to open its bank in Russia

The holding group IKEA, the leading household goods producer in the world, is going to open its bank in Russia. This will allow the company to economize on intermediary bank services.

Food prices to double by 2030

Prices of staple foods may double by 2030, according to the International charity Oxfam. In case world leaders do not take action by adopting respective measures, cost of the most important crops could skyrocket 120-180% in the next 20 years.

Yuan hits record high against dollar

Chinese national currency yuan rose record high against the dollar, setting the its central parity rate against the US dollar at 6.4856.

Inflation hits 15% in Belarus

In the first five months of 2011, inflation has already hit 15%, admits, Andrey Tur, Belarus deputy Economy Minister. Moreover, consumption prices gained 3.95% in 17 days of May, while spiking 15.2% in 4.5 months time, which is 3% a month.

France emerges first in foreign investment attraction

Last year, Europe reported a sharp increase in foreign investments, amounting even to the pre-crisis figures. A record number of the European Union projects is funded by Asia, North America and Middle East countries.

Belorussians lose over a billion dollars on devaluation

Residents of Belarus with deposits at Belorussian banks have lost over a billion dollars due to the official currency devaluation. In early April, people had deposited 9.7 trillion Belarus rubles in total (3.1 billion dollars).

Sampo and Swedbank not expecting bank cards replacement

Banks Sampo and Swedbank do not believe credit cards will be abandoned in five years' time, with full transition to the Internet bank and mobile payments.

Poland not willing to join eurozone

Given the euro crisis, Poland hardly sees any reason it should join the eurozone, says Marek Belka, Bank of Poland Governor.

Spain to carry out the all-times largest IPO

The Spanish government plans to get 7.5 billion euro by selling the national lottery company Loterias y Apuestas del Estado shares. The IPO is expected in late October and will become the biggest Spanish company's stock flotation in the country’s history.

China emerges as world's top gold buyer

The Chinese have ranked the first in the world in terms of buying gold bars and coins, acquiring nearly 91 tons of gold in the first quarter of 2011.

Oil drops on stronger dollar

US crude fell below 100 dollars as investors flocked to the dollar amid fear over the euro area debt crisis.