Schneider Electric DMS NS eyes acquisitions
News from Emerging Markets
The confidence indexes for key sectors in Turkish businesses edged up in May after falling in April, the Turkish Statistical Institute said in a statement Friday. The index for the services sector was up 0.1 percent from April, hitting 100.69 points from 100.60 points.
Emirates National Oil Co ( ENOC ) went public with an offer to buy out minority shareholders in Dragon Oil, saying talks with a committee set up by the Turkmenistan-focused oil explorer had not yet produced the endorsement it believed its "full and fair" bid warranted.
Risk ratings agency Moody's has downgraded the investment grade of Brazilian state-owned energy firm Eletrobras to 'speculative' grade. Eletrobras' foreign currency grade was also lowered from 'Baa3' to 'Ba1', with a note admitting a further downgrade of the grade.
Standard & Poor's Ratings Services has recognized the economy's gains but also stressed the need for improvements in infrastructure, Bangko Sentral ng Pilipinas Governor Amando M. Tetangco Jr. said.
China's manufacturing activity continued to contract in May, pointing to persistent weakness in the world's second largest economy that analysts say may prompt more stimulus measures, according to an HSBC survey on Thursday.
Beijing (The Korea Herald/ANN) - For US-based global direct sales giant Amway, East Asia stands as a critical region housing the company's top three markets - China, South Korea and Japan.