Slovenian Eltec Petrol seeks growth opportunities
News from Emerging Markets
Anton Titov, head of mid-sized Russian footwear retailer Obuv Rossii, has halted his firm's 2015 investment program, frozen planned shop openings and is looking at production cuts. The reason? High interest rates that he said are having a crippling effect on Russian companies.
According to Brazil's Treasury, federal public debt reached BRL 2.30tn (EUR 789.33bn USD 890.69bn) in 2014, up 8.5% year-on-year, confirming previous forecasts between BRL 2.12tn and BRL 2.32tn. Around BRL 2.18tn are in local currency and BRL 112.3bn are in foreign currencies, mainly in US dollars.
The interest rate cut expected by the Turkish Central Bank next week should stimulate economic growth, analysts said on Thursday. "We expect a solid boost for the economy," said Ridvan Basturk, an anlyst with ALB Securities in Istanbul. Vedat Mizrahi, Director of Research at the Istanbul-based brokerage Unlu&Co. expressed a similar opinion.
The Producer Price Inflation (PPI) rate for December 2014 fell to 34.2 per cent, down from a revised 37.6 per cent recorded in November 2014, the Deputy Government Statistician Mr Baah Wadieh said on Wednesday.
According to figures from the national statistics office in Mexico, INEGI, total oil exports amounted to USD 42.98bn (EUR 37.81bn) in 2014, which represents a year-on-year drop of 13.2%. This represents the lowest revenues in the last five years. Total exports of crude oil dropped by 15.2%, also marking the lowest figure since 2009.
Hong Kong Monetary Authority Monday announced that the Exchange Fund of Hong Kong recorded an investment income of 43.6 billion HK dollars (about 5.63 billion U. S. dollars) in 2014. The figure comprises gains on Hong Kong equities, other equities, bonds and other investments, amounting to 96.3 billion HK dollars in total;