Page 32 - Cis Countries News Today

Emerging market stocks gained on Monday as hopes of improved Sino-U.S. relations buoyed equities in China following remarks from U.S. President Joe Biden, while the Turkish lira continued to languish at record lows.

Three new ships were authorized on Thursday to take part in a deal allowing the safe Black Sea export of Ukraine grain, said the United Nations as global wheat prices fell further a day after Russia agreed to extend the pact for 60 more days.

Chinese President Xi Jinping said China and Central Asian countries together, can foster a new cooperation paradigm and will take turns to host the China-Central Asia Summit.

Most emerging market currencies on Friday were set for losses at the end of a rollercoaster week that saw the dollar being lifted by optimism over a U.S. debt ceiling deal, while Turkey's lira hovered close to an all-time low seen in the previous session.

China's Sinopec and Kazakh state-owned oil and gas company KazMunayGaz have agreed key terms for a potential investment in a polyethylene plant in Kazakhstan's western Atyrau region, a statement by Sinopec said on Thursday.

Emerging market currencies inched lower against a firm dollar on Thursday, with the Chinese yuan hitting a five-month low on concerns around the country's uneven economic recovery, while Turkey's lira weakened further, nudging closer to all-time lows.

Ukraine has removed barriers to the export of some agricultural commodities, imposed last year to prevent food shortages, in a bid to boost foreign currency income, its government said on Tuesday.

Azerbaijan's oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey were up by 6.8% year-on-year in the first four months of this year at 9.802 million tonnes, the State Statistics Committee said on Wednesday.

Russia's defence ministry scrambled a fighter jet on Monday after it said it detected French and German patrol aircraft flying towards Russian airspace, the ministry said in a statement.

Azerbaijan produced 10.2 million tonnes of oil from January to April, 8.5 million tonnes of which it exported, energy minister Parviz Shahbazov said on Twitter on Friday.