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Sep 3, 2013

Nigeria central bank to buck pressure to devalue naira

LAGOS/LONDON, Sept 3 (Reuters) – Nigeria’s central bank will
resist pressure to devalue the naira since it retains
ample funds to defend the currency, a central bank spokesman
said, and its governor is expected to stay the course until his
term is up in 10 months.

Nigeria’s naira has fallen in recent months, trading outside
the central bank’s target band of 150-160 naira to the U.S.
dollar since June, initially due to foreign investors booking
profits on their naira assets, and on importers buying dollars.

Aug 30, 2013

European funds bring money home to euro zone stocks, bonds – Reuters poll

LONDON (Reuters) – European fund managers showed an increasing home bias this month, allocating their highest weighting to euro zone equities in 18 months as economic data indicated signs of recovery in the bloc.

Fund managers also matched last month’s level of allocations to euro zone bonds, which were the highest since March 2012, a monthly Reuters asset allocation poll showed.

Aug 30, 2013

Global investors boost euro zone assets, cut Asia stocks: Reuters poll

LONDON (Reuters) – Global investors lifted their holdings of euro zone assets to the highest in more than a year this month while trimming exposure to Asian equities during a rout of emerging market assets, Reuters polls showed.

Fund managers are growing more optimistic about the euro zone’s recovery from recession and its debt crisis, reinforced by Germany – the bloc’s largest economy – enjoying its fastest rate of expansion in more than a year in the second quarter.

Aug 29, 2013

Rupee, lira bounce back as concern about immediate Syria attack recedes

LONDON (Reuters) – The Indian rupee and the Turkish lira bounced from this week’s record lows on Thursday as concern receded about any immediate U.S.-led military strike on Syria.

The Israeli shekel also recovering from three-month lows.

Energy-importing emerging markets have suffered as oil jumped sharply this week on worries about the military action, and Israeli markets fell as Israel strengthened missile defences against a possible retaliatory attack by Syria.

Aug 15, 2013

Fridges, fudge and forecasts: investors pick out emerging stock themes

LONDON, Aug 15 (Reuters) – How do you work out what kind of
foods people in developing countries will be eating in a few
years’ time? Go round to their richer neighbours and look in the

Fund managers AllianceBernstein are taking a leaf out of the
multinationals’ books and doing on-the-ground research to pick
consumer trends such as in basic and luxury food items.

Aug 8, 2013

Investors undeterred by Middle East and North Africa crises

LONDON (Reuters) – Looking beyond the problems of a region beset by regime change in Egypt, a security crisis in Yemen and civil war in Syria, international investors are seeking out well-run businesses in Middle Eastern and even some North African stock markets.

The Middle East and North Africa (MENA) region is a diverse investment universe which includes both energy importers and exporters, and surplus and deficit economies, but enjoys cross-border trade, investment and even aid links.

Jul 24, 2013

Bulgaria tops frontier stock market league despite politics

LONDON, July 24 (Reuters) – Bulgarian stocks have survived
political troubles to hold onto their position as this year’s
top performing frontier market, helped by a relatively upbeat
economic outlook compared with other countries in the region.

Like many frontier economies – less developed emerging
markets – Bulgaria has its share of political risks.

Jul 23, 2013

Lira steady, forint falls after diverging rate moves

LONDON, July 23 (Reuters) – The lira steadied below
one-month highs on Tuesday after a relatively modest interest
rate hike by Turkey’s central bank, while the Hungarian forint
hit four-week lows after a rate cut and the promise of more to

Turkey’s central bank has been acting in recent weeks to
shore up the currency, whch has fallen on global fears about the
withdrawal of U.S. stimulus and by domestic political tensions.

Jul 19, 2013
via Global Investing

The world of sovereign bond guarantees

Just as Hungary is worrying foreign investors with a plan to help households laden with foreign currency mortgages – likely to prove expensive for its banks – its trade bank has come up with an interesting structure for a planned bond.

State-owned Eximbank has been holding a roadshow this week for a two-part bond, with one part of the bond guaranteed by the World Bank’s risk insurance arm, Miga.

Jul 19, 2013

Turkey, Ukraine firms among emerging debt flashpoints

LONDON, July 19 (Reuters) – Bonds of Turkish banks,
Ukrainian state firms and central European miners were among the
worst performers in a recent sell-off in emerging debt and
investors are on alert for further price falls or even defaults.

The emerging corporate debt market has boomed in recent
years, with the volume of outstanding debt passing $1 trillion
last year and record issuance seen in the first half of 2013.

    • About Carolyn

      "I have worked at Reuters for more than 20 years but I switched in Sept 2014 to a new beat - insurance and fund management. I write about things like insurance deals, fund trends, geopolitical risks insured by Lloyd's and I'm grappling with understanding company accounts. In my vanishingly small spare time, I hope to contribute more to Reuters entertainment file."
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