China foreign ministry welcomes Blinken’s visit to China as tensions simmer
BEIJING (Reuters) – China’s foreign ministry on Thursday welcomed U.S. Secretary of State Antony Blinken’s visit to China as tensions rise between the two countries over global trade, regional conflicts and the…
Sri Lanka resumes bailout discussions with IMF, finance ministry says
NEW DELHI – Sri Lanka has resumed technical discussions with the International Monetary Fund on a potential bailout after a new government took office, the finance ministry said on Friday. Discussions with…
China will step up efforts to stabilise foreign trade in H2 – commerce ministry
BEIJING – China will strengthen efforts to stabilise foreign trade in the second half of the year, the commerce ministry said on Friday. The country’s foreign trade faces “high risks, difficulties and…
H&M to sell Russian business to local or foreign company – ministry
MOSCOW – H&M, the world’s second-biggest fashion retailer, has decided to sell its assets in Russia, the Russian Ministry of Industry and Trade said on Thursday. The potential buyer could be a…
Russian economy declines 4% y/y in Q2 after 3.5% y/y increase in Q1 -econ ministry
MOSCOW – The Russian economy declined by 4.0% year-on-year in the second quarter of 2022 after a 3.5% rise in the previous three months, the economy ministry said on Wednesday. The first…
Russia to block sale of foreign banks’ Russian subsidiaries -Ifax cites finance ministry
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine.) MOSCOW – Russia will block the sale of foreign banks’ Russian subsidiaries while Russian banks…
China created 6.54 million new urban jobs in H1 – human resources ministry
BEIJING – China has completed 59% of its annual target of new urban jobs, with 6.54 million such jobs created during the January to June period, the ministry of human resources said…
China hopes Australia can take actions to promote trade relations – commerce ministry
BEIJING – China hopes Australia can take pragmatic actions to create favourable conditions for the healthy and stable development of bilateral trade relations, China’s commerce ministry said on Thursday. China expects Australia…
Ukraine’s Foreign Ministry Lashes Out At Ukrainian GOP Rep For Demanding Corruption Oversight
Ukraine’s Foreign Ministry Lashes Out At Ukrainian GOP Rep For Demanding Corruption Oversight Micaela Burrow on July 11, 2022 Ukraine’s foreign ministry retaliated against Ukrainian-born Indiana Republican Rep. Victoria Spartz Saturday after…
Israel finance ministry trims GDP forecasts but sees surge in tax income
By Steven Scheer JERUSALEM -Israel is on track to collect 45.5 billion shekels ($13 billion) more than initially expected in revenue in 2022, the Finance Ministry said on Thursday as it also…
China’s trade faces rising uncertainties in second half of year: ministry
BEIJING – China expects June trade growth to remain relatively high, but said the second half year brings rising uncertainties, the commerce ministry said on Thursday. According to a survey, China’s foreign…
China, U.S. trade teams agree to maintain close communication: China commerce ministry
BEIJING – The trade and economic teams of China and the United States agreed to maintain close communication following virtual talks between Chinese Vice Premier Liu He and U.S. Treasury Secretary Janet…
France cuts growth outlook, but sticks to budget target – ministry
PARIS – France’s government cut its growth outlook sharply on Tuesday but kept its budget deficit forecast steady despite billions of extra spending on anti-inflation measures thanks to stronger than expected tax…
China commerce ministry says the sooner U.S. tariffs are lifted, the sooner consumers will benefit
BEIJING – China’s commerce ministry said the sooner U.S. tariffs on Chinese goods are lifted, the sooner consumers and companies will benefit, ministry spokesperson Shu Jueting told a news conference on Thursday.…
Brazil’s Economy Ministry tries to limit spending on fuel-related subsidies, sources say
By Marcela Ayres and Bernardo Caram BRASILIA – Brazil’s Economy Ministry is trying to limit the cost of higher cooking gas subsidies and a new cash transfer program for truck drivers, which…
Exclusive – Czech finance ministry proposes beefed-up CEZ dividend
PRAGUE – The Czech Finance Ministry has proposed that state-controlled utility CEZ pays a dividend of 48 crowns per share this year, rather tyhan the 44 crowns proposed by the company’s board,…
Moscow mulling ways to help foreigners sell Russian stocks, bonds -finance ministry
(Reuters) – Russian authorities are discussing the idea of giving foreign investors who are willing to cut exposure to Russia a chance to ditch their Russian stocks and bonds later this year…
India’s May trade deficit widens to $24.29 billion – trade ministry
NEW DELHI – India’s May trade deficit widened to $24.29 billion from $6.53 billion a year ago, a government statement said on Wednesday. May’s trade deficit was pushed up by a surge…
S.Korean industries face losses worth $1.2 billion due to trucker strike – industry ministry
SEOUL – South Korean industries, including auto, steel, petrochemical and cement, face accumulated losses worth about 1.6 trillion won ($1.24 billion) as of Sunday due to the ongoing trucker strike, the country’s…
Russia forecasts car sales to halve in 2022 – ministry
(Reuters) – Russia’s Industry Ministry expects car sales to halve in 2022 as the country’s automobile industry grapples with supply issues, a senior official said. “We saw a sharp fall (in car…
Cutting tariffs on Chinese goods benefit China, U.S. and world: Chinese ministry
BEIJING – Removing all additional tariffs on Chinese goods would benefit China, the United States and the world, China’s commerce ministry said on Thursday, after U.S. Treasury Secretary Janet Yellen said the…
China to take necessary measures to protect domestic firms from U.S. blacklist – Commerce Ministry
BEIJING – China’s commerce ministry said on Thursday it will adopt necessary measures to protect the legitimate interests of Chinese companies after the U.S. said it was considering adding new Chinese firms…
Israel, United Arab Emirates to sign free trade deal on Tuesday- Israel econ ministry
JERUSALEM – Israel and the United Arab Emirates (UAE) will sign a free trade agreement in Dubai on Tuesday in a move aimed at boosting trade between the two countries, Israel’s Economy…
Russia says Western reporters to be expelled if YouTube blocks foreign ministry briefings
(Reuters) – Russia’s foreign ministry said on Thursday that reporters from Western countries will be expelled from Russia if YouTube blocks access to its spokeswoman’s briefings. Spokeswoman Maria Zakharova, who holds a…
Russia to service external debt in roubles, ministry says
(Reuters) – Russia will service its external debt in roubles, which can be converted into the currency of the original Eurobonds at a later date, the finance ministry said on Wednesday, as…
Dutch budget deficit to rise to 3.4% this year – finance ministry
AMSTERDAM – The Dutch government’s budget deficit will rise to 3.4% of GDP in 2022, the finance ministry said on Friday in its spring budget update, up from expectations of a 2.4%…
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