GreenSolar to sell Romanian solar parks
News from Emerging Markets
Turkey's private sector long-term foreign debt rose by $8.1 billion in August to $166.2 billion, from December last year, the country's central bank disclosed on Monday. The sector's short-term foreign debt, - the debt that must be paid in the next 12 months - also increased by $1.9 billion to $42.3 billion over the same period.
According to Brazil's national employment record (Caged) the industrial sector created 24,800 contract jobs in September 2014, after posting negative results for five consecutive months. However, the 123,700 job openings in Brazil in September 2014 show a 41% drop on the same month in 2013.
Iran's petrochemical exports have considerably increased in the first half of the current Iranian year (March 21- September 22) as compared with the same period last year, a senior energy official announced.
India is poised to become a USD two trillion economy this year, while its GDP size would cross another milestone of USD three trillion after five years in 2019, according to IMF's latest world economic outlook.
Moody's Investors Service cut Russia's sovereign debt rating to Baa2 from Baa1, becoming the second ratings agency to cut the country's ratings this year, after S&P initiated a downgrade in April. Moody's said the prolonged crisis in Ukraine was weighing on Russia's medium-term growth prospects.
Launching a long-awaited cross-border yuan payment platform is one of the next challenges Beijing needs to tackle given the complexity in settling yuan trades and as offshore dealing in the currency swells, said Evan Goldstein, the global head of yuan solutions at Deutsche Bank.
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