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News from Emerging Markets
China's economy is facing multiple domestic and international challenges despite its steady performance in the past seven months. China is dealing with complicated situations with strong uncertainty at home and abroad, said Xu Shaoshi, minister in charge of the National Development and Reform Commission, during the ongoing bi-monthly meeting of the country's top legislature.
Official data show that Turkish foreign trade deficit fell for the seventh consecutive month. Turkey's foreign trade deficit dropped for the seventh month in a row, according to figures released by the Turkish Statistical Institute (TurkStat) on Friday.
The Fitch international rating agency has downgraded seven Ukrainian companies' local currency ratings from 'B-' to 'CCC, following the agency's rating action on the Ukrainian sovereign to 'CCC' from 'B-', ', Fitch said.
Investors lack appreciation in the governments decision for not raising subsidized fuel oil price because investors have priced in assumptions on Indonesias economic growth slowdown this year in investment portfolio risks.
President Aquino has thrown his support behind the anti-political dynasty bill, saying he was ready to sign it into law once it is passed by Congress. Mr.
Economic Development Minister Alexei Ulyukayev on Thursday called on Asian countries to increase their food exports to Russia as the government looks for alternatives to the Western deliveries it has banned.
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