Rosatom, Bolivia agree to cooperate in lithium industry

WNM | Jul 11, 2019 at 11:46 PM

The Russian state nuclear corporation Rosatom and the Ministry of Energy of Bolivia inked a memorandum on cooperation in development of industrial and research projects in the lithium industry, the Russian company said on Thursday.

U.S. inflation on the rise, labor market tightening

WNM | Jul 11, 2019 at 3:25 PM

U.S. underlying consumer prices increased by the most in nearly 1-1/2 years in June amid solid gains in the costs of a range of goods and services, but that will likely not change expectations the Federal Reserve will cut interest rates this month.

Wall Street touches new highs after comments by Fed’s Powell

WNM | Jul 11, 2019 at 12:44 AM

U.S. stocks ended higher and the S&P 500 index briefly crossed the 3,000-point mark for the first time on Wednesday as remarks by Federal Reserve Chairman Jerome Powell reassured investors about the potential for an interest rate cut later this month.

Turkey warns United States against harmful steps over Russian S-400s

WNM | Jul 10, 2019 at 11:54 AM

Turkey called on the United States on Wednesday to avoid steps harmful to bilateral relations after the U.S. State Department spokeswoman reiterated Ankara would face “real and negative consequences” for acquiring Russian S-400 defence systems.

Asia stocks fall as hopes fade for big Fed rate cut

WNM | Jul 9, 2019 at 8:42 AM

Asian stocks fell to their lowest levels in two and a half weeks on Tuesday as hopes dwindled for a hefty interest rate cut by the U.S. Federal Reserve at the end of the month, while technology companies were pulled lower by Apple Inc’s overnight slump.

IMF says Pakistan bailout sets ambitious fiscal targets

WNM | Jul 8, 2019 at 7:51 PM

The $6 billion loan package for Pakistan approved by the International Monetary Fund last week will require “very ambitious” fiscal measures and sustained commitment for the bailout to succeed, IMF officials said on Monday.