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20.07.2016 09:20

Review of financial and economic press: Trump officially nominated as Republican presidential candidate

D/W

Trump officially nominated as presidential candidate for Republicans

Donald Trump has officially nominated as a candidate for US president and was supported by the majority of the delegates of the party congress in Cleveland during the vote on Tuesday. Thus, Trump will fight for the presidency against former US Secretary of State Hillary Clinton, which is expected to be nominated in the coming week at the Democratic party congress.


IMF: Brexit weaken global economic growth

Due to Brexit the International Monetary Fund had to be adjust forecasts for the world economy. According to estimates of financial organizations, global economic growth in 2016 will be 3.1 percentage points and a year later - 3.4 percentage points. This is 0.1 percentage points lower than the IMF predicted in April.


newspaper. ru

Russia increased its oil production

In the first half of 2016, oil production increased by 2.9% in Russia, while gas production decreased by 2.1%, according to Rosstat.


BBC

Angela Eagle came out of the race for the post of Labour leader

Angela Eagle came out of the race for the post of head of the Labor Party and supported Owen Smith in his fight against the current party leader Jeremy Corbin.


RBC

Saudi Arabia reduced its oil reserves to nearly two-year low

Oil reserves in Saudi Arabia dropped in May to the lowest level since August 2014. Against the background of oversupply and domestic demand growth Riyadh moves to increase reserves spending.

Market Focus

  • Donald J. Trump was inaugurated as the 45th president of the United States
  • Canada: Retail Sales, m/m, November 0.2% (forecast 0.5%)
  • U.S.: Nonfarm Payrolls, January 227 (forecast 175)
  • Eurozone: Consumer Confidence, January -4.9
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