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News from Emerging Markets
The confidence indexes for key sectors in Turkish businesses edged up in May after falling in April, the Turkish Statistical Institute said in a statement Friday. The index for the services sector was up 0.1 percent from April, hitting 100.69 points from 100.60 points.
Emirates National Oil Co ( ENOC ) went public with an offer to buy out minority shareholders in Dragon Oil, saying talks with a committee set up by the Turkmenistan-focused oil explorer had not yet produced the endorsement it believed its "full and fair" bid warranted.
Standard & Poor's Ratings Services has recognized the economy's gains but also stressed the need for improvements in infrastructure, Bangko Sentral ng Pilipinas Governor Amando M. Tetangco Jr. said.
The government plans to spend 20% of next year's 2.72-trillion-baht budget on investment in a bid to speed up economic recovery, Prime Minister Prayut Chan-o-cha told lawmakers yesterday. The premier was presenting the proposed 2016 budget bill to theNational Legislative Assembly (NLA) members.
Domestic wholesale trade in Singapore contracted by 25.8 percent year on year in the first quarter of 2015, arising from lower prices of petroleum and chemical products, according to the latest report by the Department of Statistics on Wednesday.
The Lord Mayor of London expressed that Sri Lanka is coming out of a dark spot, and following the next election, investments would start to pour into the country. “Sri Lanka really is in a wonderful position. In the recent election the democratic process worked.