Game developer Octro may look at acquisitions
News from Emerging Markets
State-owned NTPC Ltd , India's largest power generator, has achieved a record highest single-day electricity generation of 733.12 million units. The record generation of 733.12 million units from NTPC''s 18 coal-based power plants, 7 gas-based units and 8 solar and hydro power stations, was achieved on August 27, the company said in a statement.
Brazilian telecommunications firm TIM has signed a BRL 2bn (EUR 501.78mn USD 571.49mn) deal with Huawei, Nokia and Ericsson to expand 3G and 4G networks and small cells which should improve data transmission services in Brazil. The deal is part of investments of BRL 14bn planned for 2015-2017.
The ruling Saenuri Party and the Finance Ministry on Thursday reached a consensus to push an expansionary fiscal policy next year to stimulate the economy. They also agreed to expand military expenses to bolster countermeasures against possible provocations of North Korea. Finance Minister Choi Kyung-hwan speaks at a forum on Thursday.
International rating agency Moody's has changed the forecast for Russia's gross domestic product (GDP) in 2016 to a 0.5-1.5% contraction from a zero growth, the agency said in a statement Friday. “Moody's now expects negative GDP growth in 2016 in Brazil and Russia, extending the 2015 recessions.
Botswana's GDP forecast has been trimmed by 2.3%, reflecting the recent slump in diamond prices together with reduced demand, according to MOODY's. The rating agency said the country's finance ministry recently reduced its growth forecast for 2015 real GDP to 2.6% frm the original 4.9%.
Bulgaria's energy regulator on Thursday approved the power purchasing agreement (PPA) between US power company ContourGlobal and the Balkan country's public power provider NEK .