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Sep 10, 2013
Sep 10, 2013
Sep 9, 2013

Gramercy closes distressed emerging debt fund to new investment

NEW YORK, Sept 9 (Reuters) – Emerging market debt specialist
fund Gramercy on July 1 closed a distressed credit fund, having
raised just over $305 million, the firm wrote in a letter to
investors.

The Gramercy Distressed Opportunity fund II has so far
called 40 percent of each limited partners’ capital commitment,
Gramercy said in a letter dated Sept. 3 that was provided to
Reuters.

Sep 9, 2013
Sep 9, 2013

Emerging market M&A volume at record low in first half of 2013 – survey

NEW YORK (Reuters) – Mergers and acquisitions activity among developed and emerging markets fell 22.4 percent to a record low in the first half of 2013 compared with the same period a year ago due primarily to economic uncertainty, a new survey showed on Monday.

In contrast, the relative economic growth and stability in the United States resulted in an increase in U.S. companies making acquisitions in emerging markets, according to audit, tax and business advisory services firm KPMG.

Sep 4, 2013
Aug 22, 2013
Aug 19, 2013

Rupee futures weaken in pre-Asia trade

NEW YORK (Reuters) – The partially convertible rupee weakened in the futures market late in New York trade on Monday, signaling the currency is likely to find more sellers once Asian trade opens for business on Tuesday.

Rupee is down more than 13 percent in spot trading against the U.S. dollar so far this year, with the majority of the decline coming after the U.S. Federal Reserve hinted in May that it would begin slowing its pace of quantitative easing.

Aug 19, 2013

India rupee futures weaken in pre-Asia trade

NEW YORK, Aug 19 (Reuters) – The partially convertible
Indian rupee weakened in the futures market late in New York
trade on Monday, signaling the currency is likely to find more
sellers once Asian trade opens for business on Tuesday.

India’s rupee is down more than 13 percent in spot trading
against the U.S. dollar so far this year, with the majority of
the decline coming after the U.S. Federal Reserve hinted in May
that it would begin slowing its pace of quantitative easing.

Aug 15, 2013
    • 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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