Ukraine PM Upbeat on IMF Loan Prospects

Ukrainian Prime Minister Volodymyr Groysman expects to get new loans from the International Monetary Fund as early as December, once parliament passes a budget of stability that refrains from making pre-election populist moves, he said Thursday. Securing IMF assistance will also unlock loans from the World Bank and the European Union. Groysman also said Ukraine was in negotiations with …

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 US Turkish Tensions Rise Again Over Bank’s Fate

The fate of Turkish state-owned Halkbank bank is threatening to reopen U.S.-Turkish wounds just as both sides have been working to rebuild ties.  Ankara is voicing growing frustration over U.S. deliberations over penalties for Iranian sanction-busting by Halkbank. Turkey’s Haberturk newspaper Wednesday cited a U.S. official who said investigations into Halkbank are …

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High-Level China US Trade Talks Resume

China’s Ministry of Commerce says high-level trade talks between officials from the world’s two biggest economies have resumed.  But whether or not Washington and Beijing will be able to strike a deal and avoid a looming sharp hike in tariffs on $200 billion in Chinese goods remains uncertain.   Commerce ministry …

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Report: China Appears to Ease North Korea Sanctions

A U.S. congressional commission said Wednesday that China appears to have relaxed enforcement of sanctions on North Korea and called on the Treasury Department to provide a report on Chinese compliance within 180 days. In its annual report, the U.S.-China Economic and Security Review Commission said the Treasury report should …

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Uber’s Losses Continue Ahead of IPO

The ride-sharing and delivery company Uber continues to lose money, with growth slowing as it prepares to go public some time next year. The San Francisco-based company announced it lost just over $1 billion from July through September, a 20 percent increase from the previous quarter. Uber’s revenue rose 38 …

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May’s Brexit ‘Moment of Truth’

Britain’s Theresa May scrambled Wednesday to sell to her Cabinet a draft Brexit divorce agreement British negotiators concluded after months of wrangling with their European Union counterparts. But the 500-page draft remains a source of deep dispute within Britain’s ruling Conservative party and also in the country’s parliament, which will …

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