LONDON, Nov 28 (Reuters) – Talk of International
Monetary Fund aid for Italy, swiftly denied by the IMF,
triggered a turnaround in risky emerging markets on Monday after
days of losses.
In broadly improved markets, which analysts said still
looked fragile given scepticism over the chances of a swift
resolution of Europe’s debt crisis, Hungary made a strong
recovery boosted by its own move to turn to the Fund.
LONDON (Reuters) – The escape route from risky peripheral euro zone debt into higher-yielding emerging markets is becoming increasingly tortuous, as the debt crisis marries the performance of all assets closer together.
Frontier debt traditionally appeals to institutional funds because of the opportunities it provides for diversification. But as risk aversion grows and liquidity falls, this is no longer happening.
LONDON, Nov 22 (Reuters) – Iraq said it could slap
sanctions on U.S. oil major Exxon Mobil before the
end the year for signing a
deal with the Kurdish region without approval from Baghdad or
The comment means Exxon could lose its giant contracts to
develop fields in southern Iraq after agreeing to six
exploration deals with the northern Kurdish region, which has
disputes with the Baghdad government over oil and land rights.
LONDON (Reuters) – Iraq said on Tuesday it would slap sanctions on U.S. oil major Exxon Mobil (XOM.N: Quote, Profile, Research, Stock Buzz) for signing a deal with the Kurdish region, which it said came without any approval from either Baghdad or Washington.
“The Iraqi government is considering sanctions, and will inform the company before they make a public announcement,” Deputy Prime Minister for Energy Hussain al-Shahristani told an industry conference in London.
LONDON, Nov 22 (Reuters) – Iraq said on Tuesday it
would slap sanctions on U.S. oil major Exxon Mobil for
signing a deal with the Kurdish region, which it said came
without any approval from either Baghdad or Washington.
“The Iraqi government is considering sanctions, and will
inform the company before they make a public announcement,”
Deputy Prime Minister for Energy Hussain al-Shahristani told an
industry conference in London.
LONDON (Reuters) – Iraq is considering imposing sanctions on Exxon Mobil (XOM.N: Quote, Profile, Research, Stock Buzz) after its decision to sign a deal with the country’s Kurdish region, Deputy Prime Minister for Energy Hussain al-Shahristani said on Tuesday.
Oil and gas contracts must be approved by the Iraqi government, he said at an Iraq investment conference in London.
But it’s not only in the more prosperous corners of the world that governments are worrying about how to cope with the needs of increasingly older people.
LONDON (Reuters) – Worries about the euro zone’s future are crimping the risk appetite of investors who track government bond indices, fuelling demand for customised packages that strip out higher-yielding peripheral debt.
While the money tracking newly-constructed core euro debt indices still appears small, in part due to concerns about missing juicy yields in the event of a political breakthrough, there is intense interest in customising baskets of euro sovereigns to match individual investor views.
They may be among the only economies left to save the world — or at least the euro zone – but Russia, India and China are extremely risky bets, according to an economic, social and governance scale compiled by risk consultancy Maplecroft.
The company’s ESG Atlas and Risk Calculator allows investors to choose across ESG issues from 47 risk indices, to make country scorecards.
International investors have been feeling uneasy for the last couple of years about the views of South Africa’s African National Congress youth wing leader Julius Malema, so his suspension for five years today may help South African assets.
Malema has repeatedly called for nationalisation of the mines, with some of his most recent comments just a few weeks ago, according to local press reports: