Developing Countries News
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Updated 24 minutes ago
James Hansen, the former NASA climate scientist who first brought climate change to the attention of Congress in the 1980s, stepped down as head of the agency's Goddard Institute for Space Studies last month. That hasn’t stopped him traveling the globe to lobby for climate protection measures, while remaining an adjunct professor for Earth and Environmental Studies at Columbia University.
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Updated 26 minutes ago
SABMiller Plc, the world’s second- largest brewer, forecast profitability to improve after full- year profit rose 14 percent as it sold more beer in Africa and Latin America.
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Updated 11 minutes ago
EBay Inc., owner of the biggest Internet marketplace, is boosting staff in its emerging-markets group by 50 percent this year, seeking to win loyalty in burgeoning regions where online sales may top $195 billion.
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Peruvian policy makers are open to cutting their benchmark interest rate if an economic slowdown takes hold in the Andean nation, central bank President Julio Velarde said.
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The best emerging-market bond rally has further to run as Hungary’s central bank extends interest rate cuts and limits unconventional stimulus measures, according to Pioneer Investments and Erste Sparinvest KAG.
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Japan’s new loans for fixed investment rose 7.1 percent in the first three months of the year, the sixth straight quarterly gain, helped by increased borrowing from non-manufacturing, logistics and welfare companies.
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Officials from Bangladesh are lobbying U.S. President Barack Obama’s administration not to revoke trade preferences as it reviews worker-safety conditions in the Asian nation.
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Companies holding United Nations carbon offsets equivalent to 7 percent of the European Union’s annual emissions cap risk losing their investment unless they find a buyer for the credits the bloc banned earlier this year.
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If all it took were official cajoling, public shaming, technical assistance or corporate promises, factory jobs in Bangladesh and other developing countries wouldn’t be so deadly.
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Developing economies are bound to play a larger role in financial markets as their share of global capital is seen rising to 50 percent by 2030 from less than one- third today, the World Bank’s chief economist said.
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