Carolyn's Feed
Jan 15, 2013
via Global Investing

Mali risks in focus

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The international focus is on  gold-producing country Mali after days of French air strikes on al-Qaeda-linked Islamist rebel strongholds in the north of the West African country. France expects Gulf Arab states will help an African campaign against the rebels,  and a meeting of donors for the Mali operation is due at the end of the month. West African defence chiefs are meeting today to approve plans to speed up the deployment of 3,300 regional troops.

Mali isn’t normally on the radar screens of international portfolio investors, with little external debt and no developed capital markets.

Jan 11, 2013

Emerging debt sales in for a bumper year, shy of 2012

LONDON, Jan 11 (Reuters) – Asian firms and Eurobond
debutants from Africa will be prominent among emerging borrowers
hoping to tap buoyant appetite for high-yield assets in 2013
although issuance and investor returns may fall short of last
year.

The new year has got off to a flying start. Investors, for
example, lent Turkey cash repayable in 10 years at a cost of
3.47 percent, the lowest it has achieved in the dollar debt
market.

Jan 11, 2013

Emerging debt sales in for another bumper year; shy of 2012 boom

LONDON, Jan 11 (Reuters) – Asian firms and African
governments will lead emerging borrowers hoping to tap into
buoyant appetite for high-yield assets in 2013 although issuance
levels and investor returns may fall short of last year.

The new year has already got off to a flying start -
investors lent Turkey cash repayable in 10 years at a cost of
3.47 percent, the lowest it has ever achieved in the dollar debt
market.

Jan 11, 2013

Analysis: Euro convergence trades could return to fashion

LONDON (Reuters) – Like mini-skirts and flared trousers, some fashions have a habit of coming back, even if never quite like the original. Could it be the turn again of euro convergence funds?

Such funds, enabling investors to buy into the bonds or shares of countries looking to join the European Union or euro zone, were some of the hottest trends around until the first throes of the credit crisis five years ago.

Jan 11, 2013

Euro convergence trades could return to fashion

LONDON, Jan 11 (Reuters) – Like mini-skirts and flared
trousers, some fashions have a habit of coming back, even if
never quite like the original. Could it be the turn again of
euro convergence funds?

Such funds, enabling investors to buy into the bonds or
shares of countries looking to join the European Union or euro
zone, were some of the hottest trends around until the first
throes of the credit crisis five years ago.

Jan 7, 2013
via Global Investing

Emerging Europe basks under Basel light touch

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A lighter touch from the regulators in Basel is likely to be good news for eastern Europe, where policymakers have been concerned about the withdrawal of cash by western European banks to shore up their balance sheets at home.

Global regulators yesterday gave banks four more years and greater flexibility to develop cash buffers. Banks now have until 2019 to build up enough liquid assets to  keep them funded for 30 days in a squeeze.

Dec 11, 2012

Templeton’s Mobius still buying Egypt stocks

LONDON (Reuters) – Protests in Egypt have failed to deter veteran emerging market investor Mark Mobius, who said on Tuesday he is holding onto his Egyptian stock position and is looking to add more even as the latest crisis unfolds.

Mobius, executive chairman of Franklin Templeton’s emerging markets group, told Reuters in a telephone interview that while there was an international focus on the protests over Egyptian President Mohamed Mursi’s plans to vote on a new constitution, business continued as usual in many parts of the country.

Dec 11, 2012

Shale gas redraws emerging market investment map

LONDON (Reuters) – Shale gas reserves are changing the way fund managers view emerging markets, with countries from Poland and Mexico to global market giant China all gaining in investment appeal.

While controversy rages over the environmental impact of ‘fracking’, the method used to extract shale gas, exploring these reserves could nevertheless give sluggish global growth a much-needed boost.

Dec 10, 2012

Analysis: Shale gas redraws emerging market investment map

LONDON (Reuters) – Shale gas reserves are changing the way fund managers view emerging markets, with countries from Poland and Mexico to global market giant China all gaining in investment appeal.

While controversy rages over the environmental impact of ‘fracking’, the method used to extract shale gas, exploring these reserves could nevertheless give sluggish global growth a much-needed boost.

Dec 10, 2012
via Global Investing

Yuan bond market: slow to flower in London

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London’s offshore yuan bond market, launched to much fanfare last October,  is still struggling to get many deals off the ground. Banks and authorities from Britain, China and Hong Kong met last week in London at their twice-yearly forum to discuss reasons. Liquidity, or lack of it, was deemed to be the main hurdle.

China Construction Bank last month became the first Chinese borrower to launch a London-listed bond. But there have only been a handful of London bonds this year, as the nascent offshore market continues to lag far behind Hong Kong.

    • 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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