Christmas ornaments maker seeks investors
News from Emerging Markets
The Russian Central Bank said Wednesday that it would take additional financial measures to speed stabilization of the ruble. The bank said in a statement that, together with the government, it was preparing a set of measures to provide, if necessary, additional capital to Russian banks and financial companies.
Foreign Minister Gebran Bassil signed a free-trade agreement with the Mercosur countries of Latin America, stressing the importance of maintaining good relations with the bloc.
PKN Orlen is looking for acquisition targets, especially exploration-extraction assets. The firm is planning to focus especially on Poland and Canada. "Development of the exploration-extraction segment will be based on organic growth in the country, but also on mergers and acquisitions," PKN Orlen's press office states.
Following growth of only 2% this year, well below the initial 3.5% target, Mexico's construction industry is expected to grow 4.4% in 2015, according to the head of the local construction sector chamber CMIC, Luis Zarate. In order to achieve next year's growth, infrastructure projects announced by the federal government must be speeded up.
A total of 1,624 disabled war heroes who retired or obtained discharge from the Army, due to injuries in terrorist attacks, will be given all entitled privileges by the end of December by the Commander of the Army, on a Presidential directive, following initiatives, taken by the Defence Secretary, Gotabaya Rajapaksa.
The South Korean won declined to the U.S. dollar Wednesday, paring its earlier gain as it closely tracked the Japanese yen's rise to the greenback. The local currency was changing hands at 1,095.20 per dollar as of 1:52 p.m., down 8.50 won from the previous session's close.
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