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Daily Archives: August 4, 2014

Argentina blames US authorities for triggering default

Argentina has accused the US of judicial malpractice and threatened to take it to the International Court of Justice, as it allowed two small hedge funds drag Buenos Aires into default and made creditors and ordinary people suffer. The majority of bond holders agreed to write-off two thirds of Argentina’s …

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India slams door on $1tn WTO deal over customs rules

The World Trade Organization got a surprise setback on Thursday when India, pushing for concessions on agricultural stockpiling, vetoed plans for universal customs rules. The deal could have added $1 trillion and 21 million jobs to the world economy. The July 31 deadline on the first proposal for major global …

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McDonald’s new nuggets are made of fish and tofu in Japan

If you’re wary of chicken and beef products after a major meat supply scandal in Asia, the McDonald’s in Japan could have an alternative for you — tofu and fish nuggets. On Wednesday, McDonald’s in Japan rolled out Tofu Shinjo McNuggets, a doppelganger of the Chicken McNugget made from a …

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Michael Hampel – We decided to invest here because we are absolutely sure that Georgia will stay stable

Q&A Michael Hampel – General director of HeidelbergCement Georgia German multinational building materials company HeidelbergCement has been in the Georgian market since 2006. Today, it operates four cement plants and one cement terminal in the country. Given Georgia’s economic growth and large investments in infrastructural projects, the company expects a …

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Badri Tsilosani – Today, we are working on our wagon production to reduce energy use and to make more high speed trains

Q&A Badri Tsilosani – Owner of Georgian Carriage Builders Holding Georgian Carriage Builders produces freight and passenger train carriages and wagons for the domestic and the international market. The company’s owner, Badri Tsilosani, spoke to The Report Company about the company’s history and current activities. – Can you provide an overview …

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EU sanctions some of Russia’s biggest banks, including #1 Sberbank

The European Union has imposed sectorial sanctions on five Russian banks, including the country’s biggest, Sberbank, as part of economic steps that Europe, along with the US, have taken against Moscow over the crisis in Ukraine. EU adds 8 individuals, 3 Russian companies to sanctions list over Ukraine crisis The …

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Hong Kong cash haven for Russian telecom over sanctions

Russian mobile network MegaFon has decided to place 40 percent of its cash in Hong Kong dollars to diversify and de-dollarize. The move is also a preventative move to protect against Western-led sanctions. Dollar-based assets are a risk for the company, Chief Financial Officer Gevork Vermishyan toldBloomberg News in a phone …

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Kazakhstan produces 5,650 tons of uranium

Kazakhstan produced 5,650 tons of uranium in the second quarter of 2014. This figure corresponds to the planned indicators, Kazakhstan’s national operator Kazatomprom Joint Stock Company reported. Kazakhstan produced 5,590 tons of uranium in the second quarter of 2013. The volume of uranium production of Kazatomprom amounted to 3,278 tons …

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