Front Page: Russia retains confidence in euro

13th December 2011

BRICS

Industries to remain world's most competitive

China's industries will remain the most competitive in the global market in 2012. China Daily

 

Russia retains confidence in euro – diplomat

Russia retains confidence in the euro. It hopes the historic decisions at the latest EU summit in Brussels Friday will save the single European currency. Voice of Russia

 

Indian rupee hits record low against the dollar

The Indian rupee on Tuesday hit a record low against the dollar due to continued demand for the US currency, amid concerns over eurozone debt as well as weak domestic data. Times of India

 

In Brazil, gas is 231% more expensive than in the U.S.

A study by the Federation of Industries of the State of Rio de Janeiro (Firjan) pointed out that the price of natural gas in Brazil for the industrial sector is larger than in many countries. O Globo

 

Liquidations indicate SA economy ‘faces stress'

Company failures increased last month, signalling the economy could be vulnerable to the negative effects of Europe's deepening sovereign debt crisis. Business Day

 

Developed Markets

EON takes €3 bln charge as prospects dim

EON, Germany's biggest power supplier, has taken a charge of some €3 billion ($4 billion) due to the diminished value of its assets because of the dim economic outlook in southern Europe. The Local

 

Japanese consumer confidence slips in November

Japanese consumer confidence weakened in November, registering the first decline in seven months, the government said Monday, amid growing concerns over Europe's debt crisis and a strong yen. Japan Today

 

Chrysochoidis on a growth mission

In Berlin on Tuesday, Greek and German government representatives will begin the drafting of a 10-year plan to spur the growth of the Greek economy and attract German investors to Greece. Ekathimerini

 

Frontier Markets

SBI looks to benefit from Qatar's spending drive

State Bank of India (QFC branch) will explore trade and project finance opportunities in the initial phase as Qatar operations of India's largest lender were inaugurated here yesterday. Gulf Times

 

Kenya to import Ethiopian energy

Kenya will sign a power purchase agreement today with Ethiopia that will kick-off a massive project that will see the country get an additional 400MW by 2016. Daily Nation

 

Jordanians express dismay at Turkish trade dominance

Jordanian businesspeople on Monday told their Turkish peers that they were unhappy with the trade balance between the two countries, which is largely in Turkey's favour. The Jordan Times

 

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