Becker Consult to seal wind farm sale shortly
News from Emerging Markets
Karachi (Dawn/ANN) - Interest payments on domestic debt grew by 80.5 per cent to 188 billion Pakistani rupees (US$1.83 billion) in July 2014 from 104 billion Pakistani rupees in the same month last year, said a State Bank report issued last week.
Russia's third-largest lender, Gazprombank, has started issuing bank cards using Chinese payment system UnionPay, the bank said in a statement Monday. The move reflects a desire among Russia's banks to curb their reliance on U.S. payment systems, which makes them vulnerable to U.S. sanctions on Russia over Ukraine.
The Brazilian economy is “playing in defense" due to international pressures and will return to significant growth only when an improvement is seen in the United States' economic affairs, President Dilma Rousseff said Monday.
Kshitij Anand The US Federal Reserve might just start raising interest rates by the middle of 2015 and that will surely have its impact on emerging markets, including India. Higher US interest rates or expectation of that will definitely have some impact on emerging markets in the form of capital outflows.
Argentina - A third of Argentina's population 'vulnerable' to falling back into poverty, says World Bank
The multilateral organization estimates there is a poverty rate of about 11% in Argentina, but has highlighted that the country should "focus on the need to sustain social gains achieved in recent years and expand social inclusion in an efficient and sustainable manner." The World Bank report,
Alibaba's initial public offering now ranks as the world's biggest at US$25 billion, netting underwriters of the sale a more than US$300 million windfall after the e-commerce giant and some shareholders parted with additional shares. The fees are equivalent to 1.2 percent of the total deal, with Alibaba paying US$121.8 million in commissions.
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