Fontdeck up for grabs
News from Emerging Markets
Retail fund sales are on track for a third consecutive record year as they reached US$56.6 billion in the first eight months, an increase of 11 per cent from the same period last year.
Swiss power firm ABB has won an order worth around $55 million from Dubai Electricity & Water Authority (DEWA) to build a substation that will integrate power from the Mohammed bin Rashid Al Maktoum solar park.
Ratings firm Moody's has reversed its India outlook, saying it may upgrade the country's sovereign rating if inflation stays under control in the long term and the recent measures to boost growth and attract investments are implemented properly.
Visa could lose up to $70 million next year due to a sanctions-inspired law requiring foreign payment systems to relocate their transaction processing to Russia, news agency Interfax reported on Thursday.
Russia agreed to resume gas deliveries to war-torn Ukraine through the winter in an EU-brokered, multi-billion dollar deal signed by the three parties in Brussels on Thursday. In a hard-fought accord the EU hopes will ease the broader crisis over Ukraine, Russia agreed to ensure supplies until the end of March.
Energy and Mineral Resources Minister Sudirman Said promised on Wednesday to streamline bureaucracy within his ministry so that problems that often hamper decision making could be eliminated.
Subscribe to our EMIS Newsletters