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GRAPHIC-Politics, inflation, new models: Five questions for Russia's central bank - Vimarsana News

GRAPHIC-Politics, inflation, new models: Five questions for Russia's central bank

4 Min Read LONDON, April 22 (Reuters) - Russia’s central bank will meet on Friday to set interest rates with more than one third of analysts now expecting inflation pressures and rising geopolitical tensions to prompt policymakers into a 50 basis point rate hike. About two thirds of analysts are sticking to earlier forecasts of a 25 bps rate hike to 4.75%. Here are some key questions being asked by markets: 1/WHAT ROLE WILL GEOPOLITICS PLAY? Russian markets are no strangers to geopolitics, but Washington’s latest sanctions targeting local sovereign debt send a message about what options a...

Will $60 oil be the new normal? - Vimarsana News

Will $60 oil be the new normal?

Will $60 oil be the new normal? Muzaffar Rizvi/Dubai Filed on April 18, 2021 Energy experts and analysts see a $60-per-barrel price as the new normal and said crude prices may shoot as high as $80 during the third quarter of 2021 on a near-term demand recovery, supply discipline and higher GDP growth for the global economy. — File photo Supply discipline, demand recovery may lift crude prices in second half The upward trend in oil prices are expected to strengthen in coming weeks as stronger demand outlook and signs of economic recovery in China and the United States offset rising C...

Gulf countries get fiscal leeway after OPEC+ extends output cuts - Vimarsana News

Gulf countries get fiscal leeway after OPEC+ extends output cuts

Oil-rich Gulf Cooperation Council (GCC) countries, whose state coffers have been battered by the coronavirus crisis, are set to get some fiscal respite after OPEC and its allies last week agreed to extend most oil output cuts into April.

Oman switches to fiscal surplus after spending cuts - Vimarsana News

Oman switches to fiscal surplus after spending cuts

3 Min Read DUBAI, June 23 (Reuters) - Oman switched to a fiscal surplus in the first four months of the year after it cut public spending amid low oil prices and the coronavirus crisis, official figures showed. While other Gulf states resorted to debt to fill state coffers, Oman - which has over $20 billion in outstanding bonds rated junk by major rating agencies - has avoided international markets after a spike in borrowing costs in recent months. But severe cuts in public expenditure have led to a surplus of 134.2 million rials ($349.48 million) in January-April from a deficit of 133.2 mill...

Surging US yields cast a shadow over emerging markets - Vimarsana News

Surging US yields cast a shadow over emerging markets

Federal Reserve Chair Jerome Powell is set to echo remarks that policy makers are fully committed to supporting the US economy