Turkey plans its exploratory drilling in the Eastern Mediterranean on October 29, it was reported on Monday. Ankara said last week it’s drilling vessel Fatih had already arrived onsite and that training would be conducted with drilling at the end of the month. Necdet Pamir, the Chairman of the Energy Commission of the Republican People’s Party (CHP) and also the chairman of the Committee on Energy Policies of the Chamber of Petroleum Engineers of Turkey, told Sputnik on Monday that the start of exploratory drilling planned for October 29 had a symbolic meaning. Source Cyprus Mail
The Bank of Korea’s rate cut today is a mere reversal of a 25 basis point hike in November 2018 rather than a real policy stimulus for the economy, which is close to or already in recession. We believe this is just the beginning of the easing cycle. Source ING
Japan logged a goods trade deficit of ¥888.8 billion ($8.2 billion) in the first half of 2019, weighed down by sluggish exports to other Asian countries amid intensifying trade tensions between the United States and China, government data showed Thursday. Source Japan Times
The US deficit is projected to surpass $1tn in 2019, the largest it’s been outside of the four-year period following the Great Recession. Source Independent
