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Jun 2, 2014
May 31, 2014
May 30, 2014

Venezuela owes Copa Airlines $500 mln – CEO

NEW YORK, May 30 (Reuters) – Copa Airlines said on
Friday the Venezuelan government owes it approximately $500
million in unrepatriated revenue, approximately 12 percent of
what the local airline association says is owed to airlines
because of currency controls.

On Friday Venezuela said it will begin releasing $2.1
billion in hard currency to companies that have struggled to
obtain greenbacks as a result of the controls. Airlines are
expected to see a $486 million disbursement.

May 30, 2014

Analysis – Carry trade, politics boost emerging market equities

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.

May 30, 2014
May 30, 2014

Carry trade, politics boost emerging market equities

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.

May 27, 2014
May 27, 2014

Euro edges down against dollar after stronger U.S. data

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.
.

May 22, 2014
May 22, 2014

Thailand to clear backlog of foreign investment projects by August

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.

    • About Daniel

      "I'm a New York-based global investment correspondent with over 20 years of experience covering financial markets, business and foreign policy. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught business and economic journalism from Asia, Europe, Latin America and the United States. Prior to joining Reuters I was a producer at CNN Business News in New York."
      Joined Reuters:
      1997
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