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Some $6 million bribes helped to win Iraq oil deals: prosecutors
(The Daily Star)-25/01/2020. Maneuvering, manipulation and $6 million in bribes helped oil companies win contracts with Iraq in the aftermath of Saddam Husseinís reign, U.K. prosecutors said on the first day of opening arguments in a London corruption trial.
Lebanon's finance minister to meet IMF official on Saturday
(The Daily Star)-25/01/2020. Lebanese Finance Minister Ghazi Wazni will meet Saturday with IMF Alternative Executive Director Sami Geadah, a finance ministry statement said Friday, as Lebanon grapples with a deep economic crisis.
Lebanon dollar bonds hit record lows
(The Daily Star)-25/01/2020. A stack of Lebanonís dollar government bonds tumbled to record lows Friday, ahead of a meeting between the countryís new Finance Minister Ghazi Wazni and a top International Monetary Fund official.
EU, China and 15 others agree temporary fix to WTO crisis
(Reuters)-25/01/2020. The European Union, China and 15 other World Trade Organization members agreed on Friday to create a temporary mechanism to settle trade disputes after U.S. action rendered the WTO incapable last month of acting as the umpire of global trade.
U.S. bank regulator sharpens teeth on Wells Fargo, surprising critics
(Reuters)-25/01/2020. Long accused of being too soft, a U.S. bank regulator has surprised its critics with tough treatment of scandal-ridden lender Wells Fargo, culminating on Thursday in more than$58 million in fines against eight former executives at the bank.
ECBís Lagarde Says Markets Shouldnít Assume Policy on Autopilot
(Bloomberg)-24/01/2020. European Central Bank President Christine Lagarde warned investors not to assume that current monetary policy is locked in for the foreseeable future just because officials are focused on reviewing their strategy.
Govt to seek up to $5B loans to finance basic imports
(The Daily Star)-24/01/2020. Newly appointed Finance Minister Ghazi Wazni said Wednesday that one of the priorities of the government was to secure between $4 billion to $5 billion of soft loans from the international community to finance the purchase of wheat, medications and fuel oil.
U.S.-Europe trade spat risks flare-up over cars, digital tax
(The Daily Star)-24/01/2020. The U.S. and Europe looked set for a renewed clash over everything from car tariffs to digital taxes in a sign that a new American focus was emerging following President Donald Trumpís trade truce with China.
What might be required of Lebanon under an IMF bailout?
(The Daily Star)-24/01/2020. Lebanonís new government must decide whether to seek help from the International Monetary Fund to help ease its financial crisis.
Oil rises, but potential impact of China virus on fuel demand haunts market
(Reuters)-24/01/2020. Oil prices climbed on Friday, following a drawdown in U.S. crude stocks, but were set to fall heavily for the week amid worries that a new coronavirus in China that has killed 25 so far may spread, curbing travel, fuel demand and economic prospects.
Global economy snapback to prove elusive despite market joy: Reuters polls
(Reuters)-24/01/2020. A significant global upturn will remain elusive this year as many economies still face an array of daunting risks, despite improved sentiment from an initial U.S.-China trade deal and ebullience in financial markets, Reuters polls showed.
Stocks hold steady but virus anxiety lingers as millions travel for Lunar New Year break
(Reuters)-24/01/2020. Asian shares steadied on Friday in holiday-thinned trade for the Lunar New Year, despite fears that a new coronavirus from China could spread rapidly as millions of people travel over the week-long break.
Exclusive: Trump to sign USMCA trade deal Wednesday at the White House
(Reuters)-24/01/2020. U.S. President Donald Trump will sign a trade pact between the United States, Mexico and Canada on Wednesday during a ceremony at the White House, an administration official told Reuters on Thursday.
Lebanon to Decide on March Bond Next Week, Finance Chief Says
(Bloomberg)-23/01/2020. Lebanonís incoming Finance Minister Ghazi Wazni said the fate of a $1.2 billion Eurobond maturing March 9 will be the new governmentís top priority when it meets next week, as investor concerns intensify that the country could default.
Saudi Arabia unlikely to exceed borrowing plan after bumper sale
(The Daily Star)-23/01/2020. Saudi Arabia may raise an additional $4 billion in international bonds this year, in line with its original plan, after the kingdom managed to reduce how much it pays to borrow in its latest debt sale, Finance Minister Mohammad al-Jadaan said.
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