Finances

Mongolia’s economic growth will remain solid in 2018 and 2019, albeit with slight moderation, following a strong performance in 2017 as coal exports and mining investments strengthened, according to a new ADB report.

The Philippines’ economic growth is expected to sustain its quick pace in 2018 and 2019 as the government’s infrastructure program is rolled out, says a new ADB report.

The joint venture won an auction initiated by Monnet's creditors to sell off the bankrupt company, which owes banks around $1.6bn. Monnet operates a 1.5mn t/yr integrated steel plant in the central Indian town of Raigarh.

 

Senior leaders of the Russian Federation and chief executives of some of the country’s largest companies will speak today at the Moscow Exchange Forum, the flagship Russian capital markets event.

Rolls-Royce announced today that it has signed an agreement to sell L’Orange, a wholly owned subsidiary of Rolls-Royce Power Systems, to Woodward Inc., for an enterprise value of €700 million (£610 million).