Palmer Capital eyes options for Balkan real estate
News from Emerging Markets
Singapore's employment grew at a moderate pace, while unemployment edged up slightly amid softer economic conditions, according to the Ministry of Manpower (MOM).
The economic recovery of the United States (US) reinforced the market expectations for The Fed's rate hikes. Bank Indonesia (BI) said the weakening of the rupiah was an external impact due to the strengthening of the US.
Finance Minister PATRICK CHINAMASA yesterday slashed Zimbabwe's growth forecast for 2015 from 3.2% to 1.5% after a slump in agricultural output due to drought. "Deceleration in overall economic growth signifies the contribution of agriculture, and the need for drought-proofing the economy given adverse effects of climate change", CHINAMASA said.
Russian gas giant Gazprom will sell large stakes in foreign affiliates, business daily Vedomosti reported Friday, citing a statement of unit Gazprom Germania, while a source close to one of the affiliates told the daily that the step is largely aimed at getting rid of units subject to the E.U. third energy package restrictions.
The specifications for the tender on August 26 for Turkey's 4G mobile network services and infrastructure have been changed to include a greater amount of local components. "The requirement for using domestically manufactured products has been increased up to at least 30 percent for the first year.
The Caucasus & Central Asia - EBRD allocates $110 million to Tajikistan for implementation of CASA-1000 project
European Bank for Reconstruction and Development allocated $110 million to Tajikistan for implementation of the CASA-1000 project, reported Tajik Foreign Ministry.