Euro zone finance ministers, the Eurogroup, will unblock the now suspended short-term debt relief measures for Greece in January after Athens reassured euro zone lenders it would honor its bailout commitments, Eurogroup sources said on Saturday.
The lenders decided to suspend a short-term debt relief deal for Athens, which would reduce its public debt by 20 percentage points of GDP by 2060, until the effects of the Greek measures on bailout (MoU) targets is fully assessed.
Bank of Japan policymakers disagreed on how much emphasis the central bank should place on the size of its bond purchases under a new framework targeting interest rates, minutes of its Nov. 1 rate review showed, highlighting the challenges of navigating the complex policy scheme.
The BOJ shifted its target from the pace of money printing to interest rates under the new framework adopted in September. It guides short-term interest rates at minus 0.1 percent and the 10-year government bond yield around zero percent.
But the central bank also maintained loose guidance that it will continue buying government bonds so that the balance of its holdings increases at an annual pace of 80 trillion yen ($682 billion), likely intended to appease board members who argued that heavy money printing helps heighten inflation expectations
China's industrial output is likely to grow around 6 percent in 2017, just like it did this year, a state-run newspaper quoted Chinese industry minister Miao Wei as saying on Monday.
Dec 26 Russia's oil exports would rise by almost 5 percent this year to 253.5 million tonnes, and a "slight" increase was expected next year, Deputy Energy Minister Kirill Molodtsov said on Monday.
A Russian military plane carrying 92 people, including dozens of Red Army Choir singers, dancers and orchestra members, crashed into the Black Sea on its way to Syria on Sunday, killing everyone on board, Russian authorities said.
The Russian Defence Ministry said one of its TU-154 Tupolev planes had disappeared from radar screens at 0525 MSK (9.25 p.m. ET), two minutes after taking off from Sochi in southern Russia, where it had stopped to refuel from Moscow, on its way to Syria.
Reference: Reuters
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