IMF chief Lagarde on trial in France over tycoon case
IMF chief Christine Lagarde goes on trial in France on Dec. 12 over a massive state payout to a flamboyant tycoon when she was finance minister in a case that…
Economy
IMF advises Zambia to delay re-financing $2.8 billion of Eurobonds
Zambia should delay its planned re-financing of $2.8 billion worth of Eurobonds until financing conditions ease, an International Monetary Fund representative said on Monday. “We would caution the government not…
Turkey rejigs GDP calculations as output falls for first time since 2009
A money changer counts Turkish lira banknotes at an currency exchange office in central Istanbul, Turkey On paper at least, 79 million Turks got a near 20 per cent boost…
Israel’s Leviathan partners approve gas production target for late 2019
The Israeli partners in the Leviathan gas field said on Dec. 12 they approved a development plan for the field with a target production date for the end of 2019.…
Iran seals $17 bln Boeing deal, close to Airbus order
AP photo Iran signed a $16.6 billion deal for 80 Boeing passenger jets on Dec. 11 and was said to be close to another for dozens of Airbus planes to…
Tunisian parliament approves $14 bln budget for 2017
Tunisia”s Prime Minister Youssef Chahed Tunisia’s parliament on Saturday approved a 32.7 billion dinar ($14.1 billion) budget for next year, including deficit cutting measures that had been watered down under…
Kremlin: Glencore, Qatari fund to buy stake in Rosneft for 10.5 bln euros
Russia said late on Dec. 7 it sold a stake in oil giant Rosneft for 10.5 billion euros ($11.3 billion) to Qatar and commodities trader Glencore, confounding expectations that the…
Iran moves to change currency unit back to toman
AP photo Iran plans to revalue its rial tenfold and revert to the currency’s old name, the toman, according to a bill approved on Dec. 7 by President Hassan Rouhani’s…
China trade rises unexpectedly in sign of global pick-up but Trump clouds 2017
China’s imports grew at the fastest pace in more than two years in November, fueled by its strong thirst for commodities from coal to iron ore, while exports also rose…
Zambia to re-finance $2.8 billion Eurobonds next year
Zambia’s Finance Minister Felix Mutati Zambia plans to refinance Eurobonds totalling around $2.8 billion that it issued between 2012 and 2015, Finance Minister Felix Mutati said on Wednesday. “The strategy…