Serbian miner Contango open to acquisitions
News from Emerging Markets
China plans to build a 7,000 kilometer high-speed rail line from Moscow to Beijing at a cost of 1.5 trillion yuan ($242 billion) as Russia works to boost ties with its eastern neighbor amid Western sanctions, news agency Bloomberg reported Thursday.
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.
Turkey would like to increase its trade volume with Ethiopia up to $500 million, Turkish President Recep Tayyip Erdogan said Thursday. The president's remarks came at the Turkey-Ethiopia Business Forum in the capital Addis Ababa, where Erdogan is paying an official visit.
China's manufacturing sector may stage a marginal rise in January but the slight improvement indicates that momentum remains weak in the world's second-largest economy, a survey showed yesterday.
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.
With the ASEAN integration just around the bend, more international companies are expected to make their way to a 600 million consumer base with the Philippines as their gateway to the region. Economist Bernardo Villegas said that this eventuality will mean an increase in foreign direct investments for the Philippines.