NEW YORK (Reuters) – Emerging market equities in the second quarter have undergone a rebirth of sorts, rebounding from severe underperformance over the prior 12 months to flirt with the best levels in a year, but analysts say warning signs are flashing.
Major emerging markets like Brazil and India have benefited from cheap borrowing in U.S. dollars and hopes that elections will translate into economic reforms. Valuations in these markets are also historically cheap.
NEW YORK, May 27 (Reuters) – The euro softened slightly
against the dollar and yen on Tuesday after stronger U.S.
economic data and uncertainty persisted over possible European
Central Bank monetary policy action next month.
The euro steadily lost ground on the greenback as investors
in the United States and the Britain returned from long holiday
weekends and encountered higher-than-expected U.S. durable goods
data that was tempered by revisions to past reports.
NEW YORK (Reuters) – Thailand’s political turmoil over the last six months has caused a backlog of roughly 200 foreign investment projects awaiting government approval, the equivalent of about $12.3 billion, a senior government official said on Wednesday.
Ajarin Pattanapanchai, deputy secretary general of the Thailand Board of Investment, expects the projects, each exceeding 200 million baht ($6.17 million) in value, will be cleared by August.