Russian equities decrease amid drop in utilities

Source: Bloomberg
Russian shares gained value for the last nine days, as oil prices stayed flat during that period and the country declined any military action in Syria. Today, the first time in nine days, the benchmark Micex Index slumped this morning 0.2% to 1452 points at 8:00 GMT, while the utility companies lost the most in value. Recently the government announced a possible utilities' prices freeze to slower inflation pace.
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Thu, 12 Sep 2013 12:04:04 GMT

Philippines CB did not raise the key rate

The Central bank of the Philippines kept the main interest rate at the lowest level after the meeting on Thursday, as inflation the country is easing, while the economic growth is estimated to slower. The key rate was held at 3.5%, the lowest value for the seventh consecutive meeting. Consumer price index may reach 3% to 5% the next year,

Thu, 12 Sep 2013 10:38:03 GMT

Goldman: demand for commodities in China will grow

Experts from one of the largest banks in the world, Goldman Sachs Inc., expect the demand for commodities in China to rebound till the end of 2013. Investors in the country are going to provide more financial resources for infrastructure projects, as well as for fixed-asset investments. Nowadays, China is the largest consumer of copper, tin and iron, and the

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