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China stocks hit 7-week high; Asia pares losses: CNBC

YEREVAN, May 17. /ARKA/. China’s benchmark index out-performed the broader Asian market for a second straight session on Friday as investors cheered moves by the government to ease strict regulation while the rest of Asia’s equity markets traded cautiously as concerns grew over a U.S. Federal Reserve exit from quantitative easing.

The Shanghai Composite hit a seven-week high at 2,276 points while the Nikkei pared losses to close above 15,000 and Sydney’s S&P ASX 200 added 0.4 percent.

Liquidity and volume were light in Asia with financial markets in South Korea and Hong Kong shut for public holidays.

For the week, the Nikkei was on track to outperform global peers with gains of over 3 percent compared to a 1 percent increase in the FTSE 100 and the S&P 500. –0–

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Armenia’s public debt increased by 6.2% at the end of 2024 – Finance Ministry

Armenia's public debt at the end of 2024 increased by 6.2% compared to the same period in 2023, reaching about 5 trillion drams, said Armenian Finance Minister Vahe Hovhannisyan.

Fitch: Armenia plans to issue Eurobonds in the first quarter of 2025

Armenian authorities are planning to issue Eurobonds in the first quarter of 2025 to repay a $313 million Eurobond maturing in March 2025, Fitch Ratings said in a report.

Armenia’s top 5 banks by asset size for Q3 2023

According to ARKA news agency's quarterly bulletin 'Banks of Armenia,' the top 5 commercial banks of Armenia by asset size as of 30.09.2023 were Ardshinbank, Ameriabank,  Armbusinessbank, Acba Bank and Inecobank

Armenian banks’ profits should be invested into various sectors- UBA head

Accumulated profits and funds of the banks should be directed to investments, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA), in response to a question from ARKA news agency about forecasts for 2025 and the readiness of banks to contribute to the capital market development.

Thirty-five billion  drams worth government bonds auctioned at Armenian Stock Exchange

On March 11th, a 35 billion AMD government bonds allocation auction took place on the Armenia Stock Exchange. 

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