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Economy

China’s Biggest Energy Company Shuns Venezuela Oil on Tighter U.S. Sanctions
14:25, Saturday, 17 August, 2019
China’s biggest energy company is backing away from direct purchases of Venezuelan crude as the Trump administration tightens sanctions ...
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Trump’s Oil Sanctions Leave Russian Exporters $1 Billion Richer
16:10, Friday, 16 August, 2019
U.S. President Donald Trump’s sanctions against Iran and Venezuela have inadvertently increased demand for a Russian brand of crude oil, ...
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Brits spent €4bn stockpiling goods in case of a no-deal Brexit
17:00, Wednesday, 14 August, 2019
With a prospect of a no-deal Brexit increasingly likely, British residents are preparing for what may arise after leaving the EU. A survey released ...
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Investment bank job cuts near 30,000 as outlook sours
22:25, Monday, 12 August, 2019
Global investment banks are shedding tens of thousands of jobs as falling interest rates, weak trading volumes and the march of automation create a ...
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Trump administration freezes foreign aid funds pending review
10:50, Wednesday, 07 August, 2019
The Trump administration has put a temporary hold on the majority of congressionally approved foreign aid funds, pending a review by the State ...
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Trump says he ‘might’ put tariffs on French wine in response to digital tax
15:00, Saturday, 27 July, 2019
President Donald Trump said Friday that he “might” slap tariffs on French wine in response to the country’s new tax affecting ...
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Inecobank to sponsor ''Sevan Startup Summit 2019''
11:00, Friday, 19 July, 2019
Today, Inecobank has announced about a new initiative to support the startup sector in Armenia. The Bank is supporting “Sevan Startup Summit ...
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Canada produces the most waste in the world. Armenia ranks 6th
16:25, Monday, 15 July, 2019
The world is drowning in trash, and the waste generation rates are only increasing, according to the World Bank. Due to population growth and urban ...
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OFID and Ameriabank strengthen trade and development in Armenia
14:30, Monday, 01 July, 2019
OFID – the OPEC Fund for International Development and Ameriabank have signed a US$25 million loan agreement aimed at supporting trade flows ...
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Trump Says He’ll Allow China’s Huawei to Buy From U.S. Suppliers
15:50, Saturday, 29 June, 2019
President Donald Trump said he’ll allow Huawei Technologies Co. to buy products from U.S. suppliers, in a concession to China after talks with ...
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US imposes sanctions on Iran's largest petrochemical group
14:20, Saturday, 08 June, 2019
The United States has hit Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) with economic sanctions due to its ties with the ...
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Inecobank featured in the ''European Fintech Navigator''
14:15, Friday, 07 June, 2019
Money 20/20 conference, held in Amsterdam from July 3-5, 2019, hosted the world's leading financial and technological companies. Inecobank, being ...
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Huawei orders employees to cancel meetings with US contacts
00:20, Saturday, 01 June, 2019
Huawei has ordered its employees to cancel technical meetings with US contacts and repatriated Americans working at its Shenzhen headquarters, as ...
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Huawei calls on Washington to 'halt illegal action' against the company
16:05, Wednesday, 29 May, 2019
Huawei is pressing on with its lawsuit against the United States, challenging the constitutionality of a US law banning federal agencies from buying ...
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The United States refused to accept China
17:35, Monday, 27 May, 2019
The US President Donald trump said that Washington is not prepared to conclude the bargain with Beijing. He said this during his visit to Japan, ...
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Inecobank. InecoPay success story presented in Tbilisi
17:05, Wednesday, 22 May, 2019
On 17 May 2019 within the framework of "Caucasus'19" regional conference organized by the SME Banking Club Inecobank presented the success story of ...
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US-China talks break up after US raises tariffs
15:15, Saturday, 11 May, 2019
Trade talks between the U.S. and China broke up Friday with no agreement, hours after President Donald Trump more than doubled tariffs on $200 ...
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OeEB and Ameriabank cooperation creates new prospects for long-term financing
16:40, Friday, 10 May, 2019
OeEB, the Development Bank of Austria, and Ameriabank CJSC have signed a financing agreement in the amount of USD 30 million. This facility will be ...
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China Defaults Hit Record in 2018. 2019 Pace Is Triple That
21:15, Thursday, 09 May, 2019
This year is shaping up to be the biggest by far for defaults in China’s $13 trillion bond market, highlighting the widening fallout from the ...
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Ameriabank, Citibank and Asian Development Bank Expand Cooperation in Trade Finance
16:35, Tuesday, 07 May, 2019
Ameriabank and Citibank signed a new trade finance deal, Ameriabank raising about $14 million loan from Citibank. Part of the loan has been extended ...
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China says trade envoys preparing to go to Washington
19:10, Monday, 06 May, 2019
A Chinese spokesman says a team from Beijing is "preparing to travel to the United States" for trade talks, suggesting negotiations might go ahead ...
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Huawei Overtakes Apple to Become Second Biggest Smartphone Maker
15:20, Friday, 03 May, 2019
Huawei Technologies Co. overtook Apple Inc. to claim the No. 2 spot in smartphones in the first quarter, moving a step closer to its avowed ambition ...
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Venezuela in crisis: 'There is no water, no power, no nothing'
19:05, Saturday, 13 April, 2019
Repeated power grid failures in Venezuela have led to water shortages across the country. With no electricity, pumping stations cease to ...
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Google hit with €1.49bn fine from EU over advertising
16:05, Wednesday, 20 March, 2019
Google has been hit with a €1.49bn (£1.28bn) from the EU for blocking rival online search advertisers. It is the third EU fine for the ...
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Trump targets India and Turkey in trade crackdown
11:55, Tuesday, 05 March, 2019
The US plans to end preferential trade status for India, under a scheme which allows certain products to enter the US duty-free. President Donald ...
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Troika laundromat revelations make the case for tougher supervision of europe’s banking sector
21:15, Monday, 04 March, 2019
The Troika Laundromat revelations published today by the Organized Crime and Corruption Reporting Project (OCCRP) and partner media outlets reveal ...
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Iran ready to export more gas to Armenia: Rouhani
16:20, Wednesday, 27 February, 2019
President Hassan Rouhani expressed Iran’s readiness to increase the volume of gas exports to Armenia. He made the remarks Wednesday in a ...
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Nikol Pashinyan: "Yerevan is ready to play a role in transit of Iranian gas"
15:45, Wednesday, 27 February, 2019
Prime minister of Armenia Nikol Pashinyan during the official meeting with the president of Iran Hassan Rouhani has announced that Yerevan is ready ...
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Armenian PM: EAEU-Iran free trade agreement to open up new prospects
15:20, Wednesday, 27 February, 2019
Armenian Prime Minister Nikol Pashinyan has said that the free trade agreement between Iran and the Eurasian Economic Union will open up new ...
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Nikol Pashinyan: "There are 300 billion drams in Armenia that don’t belong to anyone"
11:30, Friday, 15 February, 2019
Prime Minister Nikol Pashinyan on 12th February at the National Assembly presented the program of government activity for 5 years and informed that ...
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