NEW YORK, March 30 (Reuters) – Rising tension between Russia
and the West has rattled the country’s stock and bond markets,
but some big money managers see the turbulence as an
Russia’s equity market has plummeted 18 percent so far this
year. Foreigners dumped the country’s stocks, bonds and the
rouble following the early March invasion of Crimea, a territory
of Ukraine. It now faces economic sanctions that could worsen if
the crisis escalates.
NEW YORK, March 28 (Reuters) – Mexico’s economic growth in
the first quarter of the year is being affected by slower growth
in the United States and by poor weather, Mexico Central Bank
Governor Agustin Carstens said on Friday.
“We have had slower-than-expected growth in the first
quarter but I think to a large extent it is also correlated with
slower growth in the U.S. and a lot of it is because of the
weather,” he said, speaking to gathering of The Economic Club of
NEW YORK, March 27 (Reuters) – Trading volumes of emerging
market debt edged just slightly higher in 2013 versus the prior
year, reflecting investor concerns over changing monetary
policies and global economic growth prospects, a new survey
showed on Thursday.
The volume of emerging market debt rose to $5.571 trillion
last year, an increase of just 0.22 percent versus the $5.559
trillion that changed hands in 2012, according to EMTA, the
trade association for the emerging markets debt trading
NEW YORK (Reuters) – Mergers and acquisitions activity among developed and emerging markets fell to a record low in 2013, dropping 17.3 percent versus the prior year due to still fragile economic growth and rising political unrest, a new survey showed on Tuesday.
U.S. companies, while still chalking up the most purchases of emerging market assets, saw their M&A activity shrink last year with 220 deals completed versus 226 in 2012, according to audit, tax and business advisory services firm KPMG.