Poland's Nowy Styl Group mulls further acquisitions
News from Emerging Markets
Globally renowned for their go-getter attitude and entrepreneurial spirit, U.S. businessmen were mostly positive when discussing sanctions at an international investment conference on Tuesday. Still, some did note that the business climate was anything but balmy.
On 15 September Argentina's economy minister, Axel Kicillof, submitted an optimistic 2015 draft budget to the national congress based on a rebound in international trade and government action to stimulate domestic demand. Significance: Few private analysts share the minister’s optimism, or believe his numbers.
Preparing to receive President Xi Jinping, Prime Minister Narendra Modi today said India seeks progress on its "concerns" while underlining the need for China showing "sensitivity"
The Ukrainian government has asked the European Commission to provide an additional EUR 2 billion in the form of macro-financial assistance, which will be sent to the budget.
Development: On 16 September the international ratings agency Standard & Poor’s (S&P) cut Venezuela’s long-term rating by one level from B- to CCC+, seven levels below investment grade, and placed it on negative watch.
“We want to make Brazilian industry more competitive and reduce juridical insecurity,” he said after meeting in Sao Paulo with representatives of the powerful CNI business confederation. The changes include extending to all industries a reduction in the rate of tax on overseas profits from 34% to 26%.
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