Agroland mulls minority stake sale
News from Emerging Markets
Russia's 30 biggest banks recorded losses of 22.8 billion rubles ($477 million) in the first two months of this year, according to data published by the Central Bank on Monday. The figures are sharply down in contrast to the same period last year, when the country's top 30 banks made a profit of 131.5 billion rubles ($2.3 billion).
Turkey's foreign trade deficit narrowed in February, the Turkish Statistical Institute revealed Tuesday. In February, the deficit narrowed to $4.65 billion, down from $5.2 billion for same month last year, a decrease of 10.2 percent. Turkey's foreign trade declined in the first two months of this year.
Independent National Electoral Commission (INEC) yesterday released results of the presidential elections from 18 states and the Federal Capital, Abuja with the opposition candidate, General Muhammadu Buhari winning ten states which totalled 8,520,436 votes.
Mexican state-owned oil company Petroleos Mexicanos (Pemex) imported a total of 709,900 barrels of oil derivatives per day (bpd) in the January-February 2015 period, which compares to 620,850 bpd reported a year earlier.
Two Qatari companies agreed to pay about $5 billion for a 49% stake in ShanDONG DONGming Petrochemical Group to help the Chinese business build an LNG receiving terminal and expand into retail gasoline sales.
Some 55 percent of thermal power plants in Iran have been transferred to the private sector. Iran's Energy Minister Hamid Chitchian said the ministry purchases electricity that is generated by thermal power plants of the private sector, Iran 's IRNA news agency reported on March 31.