Wim Bosman eyes Balkan buys
News from Emerging Markets
Turkey's overseas liabilities decreased by 4.1 percent to $634 billion in February compared to the end of 2014, the Central Bank of Turkey has announced.
Marka, a UAE-based retail and hospitality firm, has announced that it has completed its acquisition of Retailcorp UAE, a subsidiary of Istithmar, a Dubai World company. The announcement follows the company's December 2014 agreement to bring the company into its portfolio in a deal valued at around AED220 million ($59.89 million).
at average 0.8 million barrels per day (bpd) in the course of 2015. Oil production in the country is expected to decline in 2015 by 40,000 bpd compared to 2014, according to OPEC's April oil market report. OPEC's estimates show that the highest level of production in Azerbaijan last year was observed in the third quarter - 0.9 million bpd.
The Korean economy needs stronger corporate investment and further rates cuts by the Bank of Korea (BOK), a Hong Kong-based HSBC economist said Wednesday. Korea has a growth problem, not a financial stability problem, he said.
Heads of Russia, China to Discuss Silk Road Economic Belt in May Foreign Minister Wang Yi floated the idea during a meeting in Beijing with his Mongolian counterpart Lundeg Purevsuren. "There is a huge area for cooperation existing between China, Russia and Mongolia.
Following a year of slower government spending, the Aquino administration is now taking aggressive steps to ramp up public disbursements and bring faster economic growth to the country.