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Jan 27, 2014

Brazil fighting inflation impact of weaker currency -cenbank head

LONDON, Jan 27 (Reuters) – The Brazilian central bank will
fight the effects that the country’s weakening currency has on
inflation, central bank chief Alexandre Tombini said on Monday,
hinting policymakers are not ready yet to halt the monetary
tightening cycle.

Tombini said in a speech in London that the bank has raised
interest rates to fight inflation and weather changing global
financial conditions. He said the bank’s action to slow
inflation should help ease inflation expectations.

Jan 24, 2014

Emerging market policymakers move to allay currency concerns

DAVOS/LONDON (Reuters) – Top emerging market policymakers moved to allay concerns about their economies on Friday after investors sold off their currencies, raising fears of a broad market rout.

The U.S. Federal Reserve’s plan to gradually withdraw its stimulus has long been expected to lead to a pullout from emerging markets. But the prospect of an economic slowdown in China added to concerns on Friday that emerging markets, particularly those with large current account deficits, may struggle to support their currencies this year.

Jan 23, 2014

From Iran to North Korea, investors spy the new frontier

LONDON (Reuters) – Iran, hoping for a full lifting of western sanctions, and North Korea are among extreme frontier markets that could attract adventurous fund managers with the stomach for high political risk in the search for higher returns.

Iranian President Hassan Rouhani told business and political leaders at the World Economic Forum in Switzerland on Thursday that Iran was negotiating with the United States as part of a “constructive engagement”, inviting European companies to seize opportunities as relations normalize.

Jan 21, 2014

Tapering prospects boost dollar, European stocks at new peaks

LONDON, Jan 21 (Reuters) – European shares hit fresh 5-1/2
year highs on Tuesday, boosted by easier Chinese money markets
and a strong performance from Unilever, while the dollar rose on
a report the Federal Reserve would again trim its bond buying
next week.

Chinese money market rates fell after the central bank added
more than 255 billion yuan ($42 billion) into the financial
system, easing concerns another credit crunch was underway less
than a month after a late December squeeze.

Jan 21, 2014

European shares hit five and a half year high, dollar gains

LONDON (Reuters) – European shares hit fresh 5-1/2 year highs on Tuesday, tracking Asian shares higher as Chinese money rates eased, while the dollar got a boost from a report the Federal Reserve would again trim its bond buying next week.

Chinese shares .SSEC rebounded from six-month lows and money market rates fell after the central bank dumped more than 255 billion yuan ($42 billion) into the financial system, easing concerns another credit crunch was underway less than a month after a late December squeeze.

Jan 21, 2014

European shares hit 5-1/2 year high, dollar gains

LONDON (Reuters) – European shares hit fresh 5-1/2 year highs on Tuesday, tracking Asian shares higher as Chinese money rates eased, while the dollar got a boost from a report the Federal Reserve would again trim its bond buying next week.

Chinese shares .SSEC rebounded from six-month lows and money market rates fell after the central bank dumped more than 255 billion yuan ($42 billion) into the financial system, easing concerns another credit crunch was underway less than a month after a late December squeeze.

Jan 20, 2014

BRIC or MINT? Investors suffer acronym anxiety

LONDON, Jan 20 (Reuters) – Which investment takes your
fancy: BRIC, MINT or CIVETS? For many fund managers seeking the
next big thing in emerging markets, the answer is none.

Acronym investment – putting money into small groupings of
markets which often have little in common beyond a broad
economic concept – is giving way to acronym anxiety.

Jan 15, 2014

Liberia has “medium-term” plans for intl bond -FinMin

LONDON, Jan 15 (Reuters) – Liberia has “medium-term” plans
to launch an international bond but will first seek a debt
rating which it anticipates will be in the single-B category,
the West African country’s finance minister said on Wednesday.

Several other African sovereigns, including Zambia, Rwanda
and Tanzania, have launched well-received debut dollar bonds in
the past couple of years, with investors attracted by the high
yields and increasing wealth and political stability on the
continent.

Jan 15, 2014

Russia hit hard as EBRD cut lending in 2013

LONDON, Jan 15 (Reuters) – The European Bank for
Reconstruction and Development said on Wednesday that its
lending to Russia fell sharply last year because of difficult
economic and investment conditions there, but it was looking to
build up investment again in 2014.

The bank cut lending to Russia to 1.8 billion euros ($2.46
billion) in 2013 from 2.6 billion a year earlier.

Jan 13, 2014

EBRD eyeing bigger role in “orphaned” central European banks

LONDON, Jan 13 (Reuters) – The European Bank for
Reconstruction and Development is prepared to take more stakes
in “orphaned” central and eastern banks amid signs their western
parents are abandoning them at an increasing pace.

The exit from the region by big banks is raising concerns
about the stability of affected economies, and is being driven
by a desire to improve the look of balance sheets before the
European Central Bank’s Asset Quality Review (AQR).

    • 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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