Baku, Azerbaijan, May 22 By Sara Israfilbayova - Trend: An auction for placement of mid-term state bonds worth 15 million manats and maturity period of 1,092 days of Azerbaijan’s Ministry of Finance was held at the Baku Stock Exchange (BSE), Trend reports referring to the BSE. Seven investors applied for bonds worth 15.7 million manats. The applications were made within the price range of 96.7165 manats (with a yield of 10.3 percent) and 100.3638 manats (9 percent). Stop-out price on competitive bids was 97.7120 manats (with a yield of 9.9001 percent) and the weighted average price was 98.2212 manats (9.6975 percent). The deadline for the payment on bonds is May 17,2022.(1 USD = 1.7 AZN on May 22) --- Follow the author on Twitter: @IsrafilbekovaS Follow Trend on Telegram. Only most interesting and important news … [Read more...] about Azerbaijan’s Ministry of Finance holds auction to place bonds
Fens farmer Michael Sly [right] with NFU vice president Stuart Roberts [left] at the launch of the NFU's Food and Farming in the Fens report at Park Farm, Thorney. Picture: Tim Scrivener �Tim Scrivener The Fens is a food production powerhouse worth £3.1bn to the East's economy - but more must be done to protect its vast contributions to the nation's larders, says a new report. Potato lifting in the Fens. Picture: Tim ScrivenerThe National Farmers' Union (NFU) report - named Delivering for Britain: Food and Farming in the Fens - says although this fertile landscape covers less than 4 per cent of England's farmed area, it produces more than 7 per cent of the country's agricultural output, worth an estimated £1.23bn. The whole food chain from farm to fork employs 80,000 people and generates £3.1bn a year, it says.While the region is often referred to as the "breadbasket of Britain" due to the volume of cereal crops grown here, it is also a linchpin of vegetable, … [Read more...] about What does the future hold for farming in the Fens?
MOSCOW, May 20 (PRIME) -- Russian stocks closed mixed on Monday amid negative dynamics on global floors, with the MOEX Russia Index declining under pressure of a strengthening ruble, analysts said. The MOEX Russia Index fell 0.23% to 2,571.65, and the RTS Index increased 0.12% to 1,256.22. “Having opened upwards, Russian stock indicators showed an upward momentum amid a positive foreign background. However, the situation on the global markets began to deteriorate after the start of the Russian session, as a result of which our indices moved to a steady decline,” BCS Broker expert Dmitry Babin said. Instability on global floors remained due to a big uncertainty with foreign trade relations mostly caused by the U.S. position, he said. “In the second half of our trading, global stock markets and oil prices moved to active recovery, due to which Russian stock indicators bounced off May 17’s lows. However, the MOEX Russia Index again showed weaker dynamics, … [Read more...] about Russian stocks mixed on stronger ruble, decline on global floors
Date created : 18/05/2019 - 04:37 Rio de Janeiro (AFP) Atrophying growth forecasts and waning confidence in President Jair Bolsonaro sent Brazil's stocks and currency to their lowest level of the year this week, as analysts warned of further falls.Since touching a record 100,000 points in mid-March, the Bovespa has fallen 10 percent and wiped out gains made since far-right Bolsonaro took power on January 1 on a promise to revive Latin America's biggest economy.The benchmark index closed just below 90,000 on Friday, while Brazil's currency traded at its lowest level against the dollar in eight months, breaking through four reais.The sharp declines have been fanned by uncertainty over US-China trade talks that has pummelled stocks and currencies in emerging markets, which are perceived as riskier bets. But the "external headwinds" have been compounded by concerns over Brazil's feeble economy, which has struggled to grow since emerging from the devastating 2015-2016 recession, said … [Read more...] about Going down: Brazil economic woes hit stocks, currency
MOSCOW, May 16 (PRIME) -- The Russian stock market may consolidate on Thursday due to controversial domestic and external drivers, analysts said. “We expect the MOEX Russia Index to move insignificantly, within 0.3% in the 2,550–2,565 range, at the opening… The benchmark will be pressured by a downward correction of the Gazprom stock during the day,” Vitaly Manzhos, senior risk manager at investment company Algo Capital, said. Gazprom added almost 20% in the two past trading sessions on the news about possible higher dividend payments for 2018. Olma senior analyst Anton Startsev said the RTS index may stop rising at around 1,250 due to technical analysis reasons. Demand for energy stocks may persist thanks to crude strengthening after the U.S. Department of Energy reported a steep drop in gasoline inventories, Startsev added. The Brent oil price is seen consolidating around $72 per barrel. Investors will also follow publication of International Financial … [Read more...] about Russian stocks may consolidate led by controversial drivers