Primus working on exits, new fund
News from Emerging Markets
Economic growth in sub-Saharan Africa has declined to 3.7 per cent, the lowest level in six years, a new World Bank report has revealed. The new report was released on Monday. The fall signifies the difficult economic times Uganda and other African countries are facing.
Russian billionaire Mikhail Fridman's LetterOne Group is in advanced talks to buy stakes in big oil and gas fields in the Norwegian North Sea owned by Germany's E.ON, in a U.S. $1 billion-plus deal, Financial Times reported later on Tuesday.
Russia - Gazprom to offer 6 bcm of gas at auctions in 2016, halve TurkStream pipeline capacity, CEO says
Russian state gas producer Gazprom plans to offer 6 billion cubic meters (bcm) of gas at next year's gas auctions, its chief executive officer Alexei Miller said on Tuesday. Gazprom, which has held its first gas auction this year, planned a second one before the end of 2015, Miller said without elaborating.
Section: Business News - The National Financial Supervisory Commission (NFSC) reduced its forecast of inflation to below 2 per cent while forecasting gross domestic product (GDP) growth at 6.5 per cent for 2015.
The International Monetary Fund on Tuesday revised its outlook on the 2015 economic growth of South Korea down to 2.7 percent, from its forecast of 3.1 percent in May.
Bishkek (AKIpress) - The Mongolian export of wool and cashmere final products rose by September 2015 by over 30%, and reached 173.2 billion MNT, according to the National Statistic Office.