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Saudi targets reserves not falling below set GDP level -finance minister

Saudi targets reserves not falling below set GDP level -finance minister

2/2 © Reuters. FILE PHOTO: Cars drive past the King Abdullah Financial District in Riyadh, Saudi Arabia, November 12, 2017. REUTERS/Faisal Al Nasser 2/2 By Dmitry Zhdannikov DAVOS, Switzerland (Reuters) -Saudi Arabia’s policy on fiscal sustainability would ensure that reserves do not fall below a certain percentage level of the country’s gross domestic product, its…

Putin said he have a ‘serious talk’ with the West after being told he’s to ‘blame for everything’

Putin said he have a ‘serious talk’ with the West after being told he’s to ‘blame for everything’

Russian President Vladimir Putin joked on Monday that he would have a “serious talk” with the West about being blamed for the world’s current economic troubles.Speaking to Belarusian President Alexander Lukashenko in Sochi, Russia, Putin said that Russia’s economy had performed well in the face of Western sanctions, per Reuters.The Russian ruble has rallied over…

Bostic: Economy may respond quickly to Fed rate increases

Bostic: Economy may respond quickly to Fed rate increases

© Reuters. FILE PHOTO: Federal Reserve Bank of Atlanta President Raphael Bostic participates in a panel discussion at the American Economic Association/Allied Social Science Association (ASSA) 2019 meeting in Atlanta, Georgia, U.S., January 4, 2019. REUTERS/Christop ATLANTA, Ga (Reuters) – The quick response in financial markets to tighter monetary policy offers hope that other parts…