Serbian miner Contango open to acquisitions
News from Emerging Markets
India’s relations with the US had scaled a “new level”, Prime Minister Narendra Modi said on Sunday, after his “chai pe charcha” with US President Barack Obama in the lawns of Hyderabad House here. The PM highlighted the “personal chemistry”, marked by “openness”, between him and Obama.
Russia's top airlines are eyeing the specter of bankruptcy in 2015 following last year's ruble meltdown, which decimated travel spending and drastically upped the costs of maintaining carriers' fleets. One of the first rumbles of crisis came in December, when Russia's third-biggest air carrier UTair failed to meet an obligation to repurchase 2.
Turkish Deputy Prime Minister Ali Babacan said Turkey would reduce its inflation rate to 5-6 percent due to the decline in oil prices in 2015.
Mexican-state-owned oil company Petroleos Mexicanos (Pemex) has stated that it is ready to start importing light crude oil from the US within two to three months after receiving permission from authorities in the neighbouring country.
Malaysia will still be able to achieve a developed nation status in five years if the Government is prepared to reduce spending and be frugal, said former Prime Minister Tun Dr Mahathir Mohamad ( pic ). He said the Government had to quickly identify and stop unnecessary projects, while giving priority to the important ones.
The Internal Trade Department has ensured that a four-baht increase in vegetable oil price will not make the price exceed its ceiling of 42 baht per bottle. It also confirmed there would not be a lack of vegetable oil in the country.