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Russia scraps govt bonds auction

Russia scraps govt bonds auction

The decision is primarily driven by the US Federal Reserve’s decision to reduce monetary stimulus.

Russia halts Cuban oil exploration

Russia halts Cuban oil exploration

Russia, however, plans to return in a years time estimating to drill 6,500 metres below the sea floor.

Google invests $12mn in S Africa solar project

Google invests $12mn in S Africa solar project

Google has invested more than $1 billion in renewable energy projects, mostly in the US and Europe.

New Indian bank licences by March 2014

New Indian bank licences by March 2014

The Indian finance ministry is keen to have more banks in the country to promote financial inclusion.

China’s largest truck maker boosts Asian exports

China’s largest truck maker boosts Asian exports

The eurozone debt crisis has affected Sinotruk exports, according to the company.

Brazil’s trade surplus dips to $760mn

Brazil’s trade surplus dips to $760mn

Finance minister Guido Mantega has said the economy is growing despite an unfavorable external environment.

South Africa drugs safe- Ranbaxy

South Africa drugs safe- Ranbaxy

Ranbaxy USA recently pleaded guilty under the US FDCA to making substandard drugs.

China loans $3bn to Caribbean nations

China loans $3bn to Caribbean nations

The Chinese president is on a state visit to Trinidad & Tobago, Costa Rica and Mexico.

First all-women Indian bank set for Nov launch

First all-women Indian bank set for Nov launch

The Indian Finance Ministry has approached the Reserve Bank of India for clearance to set up the country’s first such bank.

China buys world’s biggest pork producer for $4.7bn

China buys world’s biggest pork producer for $4.7bn

The deal is the biggest Chinese buyout of a US firm and will be completed by the end of 2013.