Esperotia seeks to buy biogas projects
News from Emerging Markets
Russia's biggest privately-held homebuilder, SU-155 , said it had failed to pay out to its bondholders under a put option agreement and was seeking to restructure its debts to avoid an outright default.
Kampala. Most urban centres in Uganda are poorly planned and not productive enough to drive the country into middle income status, a report by the World Bank has revealed.
Combined sales of automobile and light commercial vehicles in Turkey has risen by over 50 percent in February, a leading Turkish automobile vendors' association said Wednesday.
Fitch Ratings has downgraded UK-based energy group Afren plc's Long-term Issuer Default Rating (IDR) to 'RD' (Restricted Default) from 'C', following the company's default on its USD15m coupon payment under its 2016 notes. The company's senior secured rating is affirmed at 'C'/'RR6'.
Russian oil major Lukoil plans to sell a 5% stake in a shelf block located in Ghana to a local company, newspaper Daily Graphic reported Wednesday citing a Lukoil statement. Ghanaian companies interested in purchasing the stake must send bids to participate an open tender.
Russian oil output is expected to fall 8 percent in the next two years, the steepest fall since President Vladimir Putin took power at the end of 1990s, as low prices force companies to cut back on drilling in Siberia, a top Russian oil executive said.