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Finland plans to attract private investors to new projects in the railway sector. The cost of projects will be at least 7.5 billion euros by 2030. Finland plans to connect the main airport of the country with St. Petersburg. The government expects to restrain the growth of public debt. Therefore, to finance projects, Finland does not use budget funds, but private investment. The national debt ratio has already fallen below 60% of GDP, but amid an aging population, its share may rise again. The country will complete at least two large projects in the railway sector by 2030. As part of one of the projects, the Finnish Helsinki-Vantaa Airport will be connected to the country's third city, Tampere. The second project will reduce the time to travel from Helsinki to Turku. The third project implements a direct train connection between Helsinki-Vantaa and St. Petersburg.
The dollar was briefly lifted on Thursday after the U.S. Federal Reserve offered no concrete clues about its next course of action, while investors hoped for an easy policy as the coronavirus resurgence stalled economic recovery. The dollar ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
The dollar firmed on Thursday as a decline in Chinese retail sales worried investors, while the rest of the market anticipates the EU summit this weekend. The euro was down 0.1% to $1.1401, while the dollar stood at 106.95 on the yen. The ...
Oil prices traded lower in Asia earlier on Monday, a few days before OPEC’s technical meeting scheduled on Wednesday. Investors are expecting that OPEC would further recommend the easing of its current supply cuts in a bid to reverse ...
Asian shares advanced on Monday backed by investors’ confidence over U.S. earnings. Investors heavily anticipate a prosperous earnings season, with most companies expected to surpass forecasts now that outlooks had been lowered by COVID-19 ...
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