23 May 2015

China and Peru agree to study transcontinental rail link

“China and Peru have agreed to study the feasibility of a controversial 5,300 km (3,300 miles) transcontinental railroad that will connect Peru’s Pacific coast with Brazil’s Atlantic coast, China’s official Xinhua News Agency reported.” Source: China and Peru agree to study transcontinental rail link | Reuters

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22 May 2015

Malaysia PM Najib Razak Unveils $72 Billion Economic Plan

“Malaysian Prime Minister Najib Razak on Thursday unveiled a $72 billion plan to revive a slowing economy amid a collapse in oil prices and political attacks from rivals over a troubled development fund.” Source: Malaysia PM Najib Razak Unveils $72 Billion Economic Plan – WSJ

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22 May 2015

Nigeria crippled by fuel shortages

“Nigeria is Africa’s largest oil producer, but fuel shortages have paralyzed the country that just a year ago was declared Africa’s largest economy.” Source: Nigeria crippled by fuel shortages – CNN.com

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22 May 2015

EU agrees 1.8bn-euro loan to cash-strapped Ukraine

“The EU has agreed a €1.8bn (£1.3bn; $2bn) loan to Ukraine – the largest financial deal with a non-EU member. The agreement was signed at an EU summit in Riga, Latvia, which brings together the leaders of the 28-member bloc and six post-Soviet nations.” Source: EU agrees 1.8bn-euro loan to

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19 May 2015

ISIS Finances Are Strong

“The Islamic State has revenue and assets that are more than enough to cover its current expenses despite expectations that airstrikes and falling oil prices would hurt the group’s finances, according to analysts at RAND Corporation, a nonprofit that researches public policy.” Source: ISIS Finances Are Strong – NYTimes.com

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16 May 2015

Russia’s economy falls in first quarter as woes mount

“The Russian economy has contracted in the first three months of 2015 because of low oil prices, weaker spending and sanctions from the West. It shrank by 1.9% between January and March compared to the previous year, according to the Russian statistics agency. That compares to annual growth of 0.4%

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15 May 2015

Russia Refuses to Ease Terms on $3 Billion Loan to Crisis-Hit Ukraine

“A Russian official said Thursday that Moscow would not restructure a $3 billion loan to Ukraine due for repayment in December, as the cash-strapped Kiev government nears a deadline in negotiations with international creditors over $23 billion in debt.” Source: Russia Refuses to Ease Terms on $3 Billion Loan to

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15 May 2015

China to invest $50bn in Brazil infrastructure

“China is planning to invest up to $50bn (£32bn) in Brazil for new infrastructure projects. The deal is due to be signed by banks from both countries during a visit by Chinese Prime Minister Li Keqiang to Brazil next week.” Source: China to invest $50bn in Brazil infrastructure – BBC

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15 May 2015

Kenya plans to privatise sugar companies within 12 months

“Kenya has approved the sale of the government’s stakes in five sugar companies and expects to sell 75 percent stakes in transactions that will be completed in the next nine to 12 months, the Privatization Commission said on Friday. The five companies are in urgent need of modernisation to survive

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12 May 2015

Moody’s downgrades Chicago debt to ‘junk’ with negative outlook

“Moody’s downgraded Chicago’s credit rating down to junk level ‘Ba1′ from ‘Baa2.’ The announcement, which the ratings agency released Tuesday afternoon, cited a recent Illinois court ruling voiding state pension reforms. Moody’s said it saw a negative outlook for the city’s credit. Following that May court decision, Moody’s said it

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