EMerging Equity
Archive for June 2, 2015
Poland Modernizing Its Military Equipment As Russia May Expand Its Ambitions Beyond The Crimea Annexation
“Poland’s defence minister has told Sky News his country is facing its greatest security crisis since the end of the Cold War,” the news agency reports. Speaking from the ministry of defence in Warsaw, Tomasz Siemoniak said they must be prepared for the situation to deteriorate further, and for Russia to expand its ambitions beyond the … Continue reading
China’s Alibaba Opens Operations In Russia
Chinese e-commerce giant Alibaba Group has opened an office in Russia. The company is already present in the country via its online store AliExpress, which is the most popular online shop in Russia, International Business Times Reports. “Alibaba Group has established a new company in Russia in order to further expand our business and support partners, … Continue reading
Greece To Invest $2 Billion In Turkish Stream
Greece plans to sign a document on political support for Gazprom’s Turkish Stream project at the St. Petersburg International Economic Forum in June, its Energy Minister announced on Monday. The country plans to invest $2 billion in its construction. A memorandum on political support for the gas pipeline project will be prepared by June 18-20, … Continue reading
India RBI Cuts Repo Rate By 25 bps: Agree Economy Needs Policy Support
“The Reserve Bank of India (RBI) cut interest rates for a third time this year on Tuesday, taking advantage of subdued inflation to give more support to an economy that many economists doubt is doing as well as latest impressive growth numbers suggest,” The Times of India reports. The RBI lowered the repo rate to … Continue reading
South Korea And China Sign Free-Trade Agreement: Will It Help To Avoid Growth Contraction?
“South Korea and China signed a free-trade deal on Monday that will remove tariffs on more than 90 percent of goods over two decades,” Business Mirror reports. The agreement covers 22 areas, including finance and online commerce. However, rice and autos have been excluded from the document. The deal should boost South Korea’s GDP by 1 percentage … Continue reading
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