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The Reserve Bank of India has kept interest rates steady at 5.15 percent over fears of rising inflation, while at the same time slashing its growth forecast from 6.1 to 5 percent for the fiscal year through March 2020, Reuters reported Dec. 5.
Regardless of how many more rounds of elections and caretaker governments Israel might endure in 2020, its military will continue to take strident action against security threats posed by Iran and its nuclear program.
Protesters have gathered across the West Bank, including Hebron, Bethlehem and Ramallah, to demonstrate against a recent U.S. decision to recognize the legality of some Israeli settlements in the area, The Times of Israel reported Nov. 26.
As it seeks to counter U.S. interests in Latin America, Russia is turning to an old playbook. But instead of arming Marxist groups with weapons, this time Moscow's arming anti-government protesters with rhetoric.
The European Commission has warned that eight eurozone member states, including France and Italy, are at risk of non-compliance with the bloc's deficit rules in their proposed 2020 budgets, Bloomberg reported Nov. 20.
The incoming Argentine government is working on an economic plan and debt repayment scheme to meet its credit obligations but avoid additional austerity measures, President-elect Alberto Fernandez told the International Monetary Fund's managing director, Kristalina Georgieva, during a phone conversation on Nov. 19, Infobae reported.
Saudi Arabian Oil Co. is targeting a valuation between $1.6 trillion and $1.7 trillion for its initial public offering and a price of 30-32 Saudi riyals ($8-8.50) per share, the company announced Nov. 17, Bloomberg reported.
Argentine President-elect Alberto Fernandez has vowed to reevaluate the government budget of his predecessor, Mauricio Macri, and said that Buenos Aires wouldn't implement austerity measures to meet debt obligations, Bloomberg reported Nov. 16.
The Association of Banks in Lebanon announced joint measures to prevent capital flight and excessive cash withdrawals, including a weekly limit of $1,000 for withdrawals in foreign currency, Bloomberg reported Nov. 17.