Front Page: Russia to boost trade ties with China

18th November 2011

 

BRICS

 

Kingfisher Airlines dives 18% on route cut reports

MUMBAI: Kingfisher Airlines plunged as much as 18 percent in early trade on Friday following media reports that the cash-strapped carrier may shut down more local routes. Times of India

 

Russia to boost trade ties with China

Russia's accession to WTO will facilitate its economic and trade cooperation with China and increase Russia-China cooperation. China daily

 

Russia, Belarus, Kazakhstan to sign declaration on economic integration

The Presidents of Russia, Belarus and Kazakhstan  are due to sign a declaration on Eurasian economic integration in Moscow today in what will amount to a transition to the next stage of integration. Voice of Russia

 

Government ‘lacks courage' on land reform

Director of the Centre for African Renaissance Studies, Prof Shadrack Gutto says South Africa's political leadership has been afraid to deal effectively and boldly with land policy for fear of offending potential foreign investors. Business Day

 

Developed Markets

 

Merkel urges Monti to pass 'crucial' reforms

German Chancellor Angela Merkel Thursday urged new Italian Prime Minister Mario Monti to move fast to implement "crucial" reforms, as he prepared to unveil an economic crisis plan. The Local

 

No end to list of Greek problems

The head of the EU Task Force for Greece, Horst Reichenbach, presented in Brussels on Thursday a seemingly endless list of very serious structural problems in the Greek public administration, from the inability to collect taxes to problems in absorbing European Union funds. Ekathimerini

 

ECB intervention pulls Spain back from the bailout brink

Unrelenting pressure in the secondary market forced the Spanish Treasury at Thursday's 10-year bond auction to offer a yield of over seven percent, raising the specter that Spain could be the next euro-zone country in need of a bailout. EL Pais

 

Frontier Markets

 

Kenya government starved of borrowing

The Government is being starved of borrowings as commercial banks shun its programme to lend to each other, following the move by Central Bank of Kenya to raise its base lending rate to 16.5 per cent. Daily Nation

 

Logistics Storage: Mauritius Freeport Development transforms losses into profits

The company logistics and warehousing Mauritius Freeport Development (MFD) has turned things around, realizing a profit of Rs 14.5 million for the nine months of the year. L'Express

 

Omnicom weighs small acquisitions in Vietnam, Indonesia

Omnicom Group Inc., the second- largest advertising company, is weighing takeovers in Vietnam, Indonesia, China and Brazil to expand alongside its biggest customers in the world's higher-growth markets. Thanh Nien News

 

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