Azerbaijan
Fitch Also Degrades Economic Outlook of Azerbaijan After S&P And Moody’s
S&P and Moody’s have downgraded economic outlook of Azerbaijan during the previous month. On Friday, the other US Stock Exchange Commission recognized rating agency, Fitch Ratings, has also downgraded the outlook. Country’s government and central bank adopted measures have apparently gone in vain to tackle the economic turmoil.
China, Japan, South Korea commit to economic policies supporting demand
Central bankers and finance ministers from China, Japan and South Korea said on Sunday they remained committed to policies to support demand in the face of moderate and uneven global growth.
Statoil invests in Azerbaijan gas field, sells project stake
Norway-based oil company Statoil ASA (STO) said on Tuesday it has decided to invest in the Shah Deniz gas field development in Azerbaijan, together with its consortium partners.
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