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Nov 28, 2011

Stocks bounce, Hungary gets reprieve

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.

Nov 28, 2011

Analysis: In a close-knit world, frontier debt loses out

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.

Nov 22, 2011

Iraq attacks Exxon, says U.S. backs Baghdad’s stance

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
Washington’s blessing.

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.

Nov 22, 2011

Iraq attacks Exxon for signing deal with Kurdish region

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.

Nov 22, 2011

Iraq attacks Exxon, says U.S. supports Baghdad

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.

Nov 22, 2011

Iraq considering sanctions against Exxon: Shahristani

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.

Nov 17, 2011
via Global Investing

In Africa, they’re getting older too

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In France, they protested about rising retirement ages. ¬†Across the globe in China, the country’s ageing population is expected to dent productivity and growth.

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.

Nov 17, 2011

Wary funds drawn to “synthetic” core euro bonds

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.

Nov 10, 2011
via Global Investing

RIC (without the B) carry extreme risks, index says

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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.

Nov 10, 2011
via Global Investing

Investors likely to cheer South Africa’s Malema suspension

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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:

    • About Carolyn

      "I work in London as part of the Reuters investment strategy editorial team, specialising in emerging and frontier markets. I cover emerging bond, stock and FX markets as well as global market themes, and interview emerging market policy-makers when they attend events in London. I started at Reuters in 1993, writing about foreign exchange, government bonds and Eurobonds before switching to emerging markets."
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