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News from Emerging Markets
Russia's ruble fell to record lows against the dollar and euro on Thursday after OPEC decided against cutting crude-oil output to boost flagging prices. At 8 p.m. the ruble was down around 2.6 percent against the dollar at 48.6 rubles per dollar and around 2.5 percent weaker against the euro at 60.7 rubles per euro.
Brazil's gross domestic product (GDP) inched up 0.1% sequentially in the third quarter, following a 0.6% quarterly contraction in the second quarter, statistics institute IBGE said on Friday.
- Turkey's foreign trade deficit shrank for the second consecutive month in October, the Turkish Statistical Institute said Friday. In October, the country's foreign trade deficit declined from $7.4 billion in same month of last year to $6.2 billion, a drop of 15.8 percent, according to Turkstat figures.
Iran would receive the remaining $4.2bln of its frozen assets, which was agreed in the Joint Plan of Action (JPA) cut by the country and the six major world powers in November 24, 2013.
Zambia`s annual inflation rate has marginally increased to 8.1 percent in November from 7.9 percent the previous month due to a rise in both food and non-food products.
Mexican oil exports in October 2014 reached USD 3.43bn (EUR 2.75bn), which is 21% down on the same month in 2013, whilst oil imports increased year-on-year by 3.5%, standing at USD 3.39bn, according to preliminary date from the national institute of statistics (Inegi).
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