Nimax mulls equity sale
News from Emerging Markets
Russia's ruble fell to record lows against the dollar and euro on Thursday after OPEC decided against cutting crude-oil output to boost flagging prices. At 8 p.m. the ruble was down around 2.6 percent against the dollar at 48.6 rubles per dollar and around 2.5 percent weaker against the euro at 60.7 rubles per euro.
In a shift of economic policy, President Dilma Rousseff will begin her second term with fiscal targets set by 2017 and will use gross debt, which includes transfers from the National Treasury to state banks, as the main indicator of public accounts results.
- Turkey's foreign trade deficit shrank for the second consecutive month in October, the Turkish Statistical Institute said Friday. In October, the country's foreign trade deficit declined from $7.4 billion in same month of last year to $6.2 billion, a drop of 15.8 percent, according to Turkstat figures.
Iran would receive the remaining $4.2bln of its frozen assets, which was agreed in the Joint Plan of Action (JPA) cut by the country and the six major world powers in November 24, 2013.
Zambia`s annual inflation rate has marginally increased to 8.1 percent in November from 7.9 percent the previous month due to a rise in both food and non-food products.
Mexico's state utility CFE has awarded IEnova, the local unit of US-based Sempra Energy, the contract to build the Ojinaga El Encino natural gas pipeline. IEnova will be responsible for the procurement of land, financing, construction, engineering, operation and maintenance of the project, the firm said in a release.
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