The Philippine peso’s failure to strengthen in the face of data showing a widening current- account surplus and an upgraded credit rating has stoked concern that imports are being underreported due to smuggling.
Serbia will lower customs duties on imports from the European Union as the Balkan country enters the fourth year of implementation of an interim trade agreement with the bloc, hoping to result in lower retail prices at home.
Tesla Motors Inc. will sell its battery-powered Model S sedan in China from 734,000 yuan ($121,280), as billionaire founder Elon Musk prepares to test demand for electric vehicles in the world’s largest auto market.
Asia-Pacific nations pledged to establish a list of so-called green goods that will be subject to a maximum 5 percent tariff and agreed to reduce energy intensity to help overcome economic and environmental challenges in the region.
Russian President Vladimir Putin’s success in defusing the Syria conflict contrasts sharply with a fiasco developing closer to home: the disintegration of his grand plan to build a Eurasian economic union on the ruins of the former USSR.
South Sudan is in talks with the International Monetary Fund for a loan of as much as $50 million to help the two-year-old country recover from a halt to oil exports, central bank Governor Kornelio Koriom Mayik said.
South Sudan quadrupled revenue collection as austerity measures introduced after the government shut down oil production forced the state to find alternative sources of income, Deputy Finance Minister Marial Awou Yol said.
Croatia’s European Union entry this year will help the biggest snack and beverage company in the former Yugoslav region shift focus to western Europe after relying on Russia and other ex-Soviet republics for growth.