Polish fund to sell nutraceutical projects
News from Emerging Markets
Russia's top airlines are eyeing the specter of bankruptcy in 2015 following last year's ruble meltdown, which decimated travel spending and drastically upped the costs of maintaining carriers' fleets. One of the first rumbles of crisis came in December, when Russia's third-biggest air carrier UTair failed to meet an obligation to repurchase 2.
India’s relations with the US had scaled a “new level”, Prime Minister Narendra Modi said on Sunday, after his “chai pe charcha” with US President Barack Obama in the lawns of Hyderabad House here. The PM highlighted the “personal chemistry”, marked by “openness”, between him and Obama.
Turkish Deputy Prime Minister Ali Babacan said Turkey would reduce its inflation rate to 5-6 percent due to the decline in oil prices in 2015.
Mexican financial group Grupo Financiero Banorte reported total profits of MXN 15.22bn (EUR 917.74mn USD 1.04bn) during 2014, which represented a year-on-year increase of 13%. In the fourth quarter of 2014, the financial company saw profits rise by 5.4% year-on-year, to stand at MXN 3.81bn.
The country must not keep depending on donors to solve its economic deficits but rather build a diversified and viable export trade sector that will rake in more foreign earnings and create much needed jobs, Kwame Pianim -- former CEO of New World Renaissance Securities limited -- has said.
In an interview for Parkiet daily, PGNiG Deputy CEO Zbigniew Skrzypkiewicz talks about acquiring new deposits abroad and carrying out further exploration of shale deposits in Poland.