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News from Emerging Markets
Chinese e-commerce giant Alibaba increased its share-price range to 68 dollars, up from 66 dollars, ahead of what is expected to be the largest US stock launch ever, the company told regulators Monday.
Poland's president on Monday designated Ewa Kopacz as the country's next prime minister to replace centrist Donald Tusk after he was tapped as the new president of the European Council.
Managing Director of Iranian Gas Engineering and Development Company Alireza Qaribi announced on Saturday that his company will have a test-run of the gas pipeline to Iraq in early October and the official start of gas supplies to the neighboring country will be early next Iranian year (will start March 21, 2015).
Ahead of Chinese President Xi Jinping's visit to India beginning Wednesday, New Delhi has indicated that it was not inclined to grant China the coveted 'full-fledged market economy' status in the near future.
Argentina will pay holders of its restructured sovereign debt, thanks to a bill passed by its Congress last week despite a US court ruling, the country's economy minister told a local radio show on Sunday. Kicillof said the coupon will be paid based on a bill approved last week which allows for location transfer.
Ukrainian President Petro Poroshenko is facing a backlash from his staunchest supporters for bowing to Russian pressure and postponing the implementation of an EU trade deal the two sides plan to ratify Tuesday.
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