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Moody's: Possible Fed rate hike shows potential volatility in emerging markets, including Turkey

A rise in the short-term interest rate target by the Federal Reserve (Fed) could occur late on Sept. 17, and such a move would contribute to downside risks for some emerging market sovereigns, particularly those more reliant on foreign investors, said rating agency Moody?s in a research note on Sept. 17. 

Romania Leads Balkans on Open Budget Index

Romania has scored surprisingly well in a new world ranking of countries concerning the transparency of their budget arrangements.

The open budget index of the International Budget Partnership, IBP, for 2015, ranks Balkan states very differently on the global scale.

In the 2015 index, Romania came in ninth place globally, with an index of 75 out of a maximum of 100.

Weatherman ‘nails’ one of longest place names in the world! List of longest places! (vid+pics)

If you thought Greek names were long, think again! This weatherman on UK’s channel 4 should be given a medal of recognition for managing to pronounce one of the longest place names in the world! It is not a prank, it is a real name!

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