Category : Economy

With rising costs of Chinese businesses and with support from northern neighbors, U.S., Mexico is experiencing a second spring, in the manufacturing sector. 11th June 2013 Mexico and Peru’s popularity among foreign investors will see them as emerging economies and a favorite among investors looking to push cash into Latin America. Brazil, which was once...

Improved Public Services Benefit Russia’s Citizens A decade ago, even as Russia enjoyed impressive economic growth, the country faced serious economic challenges. The government had little oversight over expenditures of ministries and agencies. The budget was inefficient and poorly designed to achieve social and economic objectives. Meanwhile, businesses were drowning in red tape, and citizens...

Ghana is ranked 7th out 46 countries in the sub Sahara African region and its overall score has risen above the world average. 9th June 2013  In a major impetus to its economy, International Finance Corporation (IFC), the World Bank’s development arm has revealed plans to issue a 10 year bond to raise 2 billion...

The tiny Baltic state of Latvia has got the approval to become the 18th Member of the Troubled Euro Currency Union. 8th June 2013: The Baltic state of Latvia has received the official endorsement for membership in the euro currency union and will become the 18th country to adopt the single currency despite the euro zone...

After five missed opportunities, UAE along with Qatar looks certain to be elevated to emerging market status next week in the MSCI emerging market index. 8th June 2013 After a series of missed opportunities, UAE and Qatar look certain to be elevated to emerging market status next week in the MSCI emerging market index  after...

European regulators have clamped down on “pay-for-deals” in the pharmaceutical sector fining Denmark’s Lundbeck, India’s Ranbaxy and seven other drug manufacturing firms for limiting the access of cheap medicines to the market. 5th June 2013 A European regulator will penalize Denmark based Lundbeck ( LUN.CO), India’s No.1 pharmaceutical company Ranbaxy and seven other drug makers...

The ‘Won’ has shed more than 99 % of its real value against the dollar in the black market. 4th June,2013 Chinese currency and U.S. dollars are being used more widely in North Korea, than its own currency the “Chosun Won”, showing the extent to which the leadership under Kim Jung Un has lost control...

Lucio Cos Cosco launches P12-B follow on share offer. 3rd June 2013 Retail Conglomerate Cosco Capital Inc., belonging to grocery and logistics magnate Lucio Co, has raised a capital of $ 400 million (PH 16.8 billion) in a 1.6 billion international share sale at P10.50 per piece. In a briefing, Cosco Capital President Leonardo Dayao...