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June 2016

June 2016
2016, June, 30, 18:40:00

CHINESE - NIGERIAN AGREEMENTS: $80 BLN

"Memorandum of understandings (MoUs) worth over $80 billion to be spent on investments in oil and gas infrastructure, pipelines, refineries, power, facility refurbishments and upstream have been signed with Chinese companies,"

June 2016
2016, June, 30, 18:35:00

CHINESE - PHILIPPINE DISPUTE

"On the issue of territory and disputes over maritime delineation, China does not accept any dispute resolution from a third party and does not accept any dispute resolution forced on China."

June 2016
2016, June, 30, 18:30:00

INDONESIA HAS CLAIMS

The Chinese, through a statement by the Foreign Ministry last Sunday, said the two countries “have overlapping claims for maritime rights and interest.”

June 2016
2016, June, 30, 18:25:00

RUSSIAN - TURKISH ENERGY

"Turkey needs to diversify its imported energy resources. Turkey's approach to Russia will bear fruit in early October. The feasibility of the Turk Stream natural gas pipeline project, which Putin proposed in late 2014, may begin later this year. If all things go smoothly, we may see the Russian molecules in early 2019 via a new pipeline,"

June 2016
2016, June, 30, 18:20:00

SAUDI: BIG WALLET

“We view Saudi as a core growth market with huge potential for global investment banks,” said Tamim Jabr, Deutsche Bank’s head of corporate and investment-banking coverage in Saudi Arabia.

June 2016
2016, June, 30, 18:15:00

SHAH DENIZ: $24 BLN

72.4% of the overall scope of the work is done, which is ahead of schedule by about 2.5%. $12bn have been spent to date from total SD2 cost estimate of $24bn including an inflation rate for the period 2014-2020

June 2016
2016, June, 30, 18:10:00

WBG WANTS CENTRAL ASIA

“Indeed, youth seeds yield high crops. Our program activities were developed as pilots, but they are also a source of good practices and lessons to be used as a rich ground for the development of new joint World Bank and donor partners projects,”

June 2016
2016, June, 30, 18:05:00

IMF BUYS CROATIA

Directors urged the authorities to accelerate structural reforms to boost growth and employment creation and facilitate income convergence with the EU. They highlighted the need to advance privatization and enhance the efficiency of the public sector, while removing bureaucratic impediments to doing business. Other priorities include further enhancing labor market flexibility to increase labor participation. Directors noted the importance of building political consensus to ensure broad support for the reforms.

June 2016
2016, June, 30, 18:00:00

OIL PRICES: $50.13

Brent crude LCOc1 was down 48 cents a barrel at $50.13 as of 0856 GMT, having risen in the two previous sessions. U.S. crude CLc1 was down 48 cents to $49.40.

June 2016
2016, June, 29, 18:30:00

OIL PRICES UP TO $48.84

Brent crude futures were trading at $48.84 per barrel at 0422 GMT, up 26 cents from their last settlement. U.S. crude was up 35 cents at $48.20 a barrel.