China has reportedly introduced measures to curb rising outflows of capital. According to the Financial Times, China’s State Administration of Foreign Exchange has ordered financial institutions to increase checks and boost controls on foreign exchange transactions. The move was targeted mainly at the practice of over-invoicing of exports used to hide capital outflows. Source: DW
Russia’s oil output may decline next year due to a global reduction pact, Energy Minister Alexander Novak said on Tuesday, possibly halting an uninterrupted decade-long run of growth. Source: Reuters
The International Monetary Fund has approved a new $3.9 billion loan agreement for Ukraine, a small victory for President Petro Poroshenko ahead of the presidential election next year. Source: Radio Free Europe
Rome and Brussels appear to have resolved their disagreements and reached a compromise, after Prime Minister Giuseppe Conte promised the EU that his country would reduce its 2019 deficit. Source: Deutsche Welle
