Pacific Shipping Trust says payment of the distribution in US dollars of 0.8180 US cents per unit will be made on Nov 30 instead of Nov 26 as announced earlier on Oct 22.
Pacific Shipping Trust says it was informed by the Central Depository today that the depository can only arrange for payment of the distribution in US dollars on Nov 30 instead of Nov 26 due to the public holiday in United States today and the Singapore public holiday tomorrow.
The negotiations with the Russian partners on the conditions for a USD 1bn loan will be continued. Serbia wants to use USD 200mn of that money to cover the state budget deficit, and the rest for infrastructure projects.
The negotiations with the Russian partners on the conditions for a USD 1bn loan will be continued. Serbia wants to use USD 200mn of that money to cover the state budget deficit, and the rest for infrastructure projects.
China has pledged to give Africa USD 10bn in concessional loans over the next three years, Chinese Premier Wen Jiabao has said at a summit in Egypt.
The Chinese leader is attending a two-day forum on China-Africa cooperation in Sharm el-Sheikh, attended by officials from 50 nations.
Exports fell 13.8 pc in September, year-on-year, but showed a considerable improvement from the steepest decline of about 39 pc in May, indicating demand revival in the West.
Exports in September were valued at USD 13.6 billion, against USD 15.78 billion during the same month last year, according to the official foreign trade data released [...]
Daily Blic writes that Russia is interested in participating in the construction of Corridor 10 and a metro in Belgrade, among other projects. During the visit of Russian President Dmitry Medvedev to Belgrade, it was stated that USD 200mn could be given to the Serbian budget, and that all other money received from Russia—some USD 800mn—would be used for other projects.
Russia and China signed agreements Tuesday worth USD 3.5bn as they looked to boost energy, political and military ties. Russian Deputy Prime Minister Alexander Zhukov told reporters in Beijing that the deals between Chinese and Russian businesses included two $500 million loans – one from the Agricultural Bank of China to Russia’s second biggest lender VTB and the other from the China Development Bank to its Russian equivalent VEB.
India received foreign direct investment of USD 3.26 billion in August, a robust growth of 40.51 pc over the same month last year, in spite of the persisting global financial crisis.
FDI inflows, in August last year, stood at USD 2.32 billion, the Reserve Bank said in its bulletin.
The country attracted USD 3.51 billion FDI [...]
Oil prices rose above USD 72 a barrel on Monday in Asia as investors looked to a slew of US corporate earnings reports this week for signs of economic recovery..
Benchmark crude for November delivery was up 44 cents at USD 72.21 by midday Singapore time in electronic trading on the New York Mercantile Exchange. [...]
Serbia’s foreign debt reached USD 30.67bn at the end of June this year, almost tripling since 2000. Institute for Market Research (IZIT) Director Miloje Kanjevac said in Belgrade on Saturday that the overall public sector debt in this period grew to USD 10.24bn from USD 8.8bn.
Russia could lend Ukraine USD 2bn to support the former Soviet republic’s economy ahead of next year’s election. The Vedomosti business daily citing an unidentified Russian government official.
Foreign trade between Serbia and Russia in the first half of 2009 is half of what it was in the same period of last year—totaling USD 1.1bn. According to statistics from the Serbian Chamber of Commerce, Serbia has a deficit of USD 831.6mn in trade with Russia, adding that the decrease in trade is a result of the economic crisis.
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In the first half of 2009, Serbia has achieved a positive balance of USD 649mn in trade with countries belonging to the CEFTA agreement. According to the Statistics Bureau, this successful trading is mostly the result of the export of agricultural products, especially wheat products and various beverages.
The EU and international lending institutions have agreed a deal with Ukraine to help it provide stable supplies of Russian gas to Europe. Loans worth USD 1.7bn were agreed in return for reforms to Ukraine’s gas sector, the European Commission said.
London, July 28 (AFP) Oil prices tumbled under USD 67 today, after fresh falls on Wall Street, as traders digested more downbeat data in the United States, a key energy consuming nation.
New York’s main contract, light sweet crude for September, slid USD 1.56 to USD 66.82 a barrel.
Brent North Sea crude for September delivery sank [...]
London, July 28 (AFP) Oil prices tumbled under USD 67 today, after fresh falls on Wall Street, as traders digested more downbeat data in the United States, a key energy consuming nation.
New York’s main contract, light sweet crude for September, slid USD 1.56 to USD 66.82 a barrel.
Brent North Sea crude for September delivery sank [...]
Serbia’s chief export partner in the first five months of this year was Bosnia-Herzegovina, the Statistical Office has announced. Serbia sold goods worth USD 349mn to her western neighbor, at the same time buying from Russia in the value of USD 838.4mn.
