FM Logistic Romania in talks on acquisition
News from Emerging Markets
Consumer price inflation in Turkey unexpectedly rose more than analysts' forecasts in April, official data revealed Monday. The Turkish Consumer Price Index rose 1.63 percent from the preceding month, pushing the annual rate of inflation to 7.91 percent, according to a statement from Turkish Statistical Institute.
US private equity firm Brookstone Partners is planning to invest up to $750 million in three hydroelectric dams in Ivory Coast, through its Moroccan subsidiary Platinum Powers. The company plans to build a 100-megawatt dam on the Bafing River and a 110-megawatt dam on the Sassandra River. Location of the third project is yet to be decided.
The Office of Industrial Economics (OIE) has indicated that the Manufacturing Production Index (MPI) during the first quarter has recovered to 0.1 percent growth, a sharp increase from the -7.0 percent of last year.
Chinese manufacturing activity continued to improve in April, with an important index remaining in expansion territory, official data showed on Friday.
The Indonesian Iron and Steel Industry Association (IISI) has called on the government to increase the import duty on steel products at the highest possible rate or the ceiling rate set by the World Trade Organization (WTO). “This is one of our ways to defend ourselves against the shelling of steel imports.
South Korean shares ended in negative territory for five sessions in a row Thursday as economic indicators at home and aboard showed downbeat pictures. The benchmark Korea Composite Stock Price Index (KOSPI) slid 15.46 points, or 0.72 percent, to 2,127.17 at the close. Trading volume stood at 497.73 million shares worth 6.02 trillion won (USD 5.