LONDON, Oct 3 (Reuters) – Russia’s beaten-down stocks may
have tempted U.S. fund giant Franklin Templeton but few other
investors are following, as the country’s economic meltdown
fuels a nosedive in its currency that could render any
Templeton stepped forward in September, arguing a recent
sharp sell-off had gone too far and that the benefits of cheap
Russian equity could not be overlooked against world stock
markets at historically expensive levels.
LONDON, Sept 30 (Reuters) – Emerging equities were set for
their biggest quarterly loss in more than a year and currencies
traded at multi-months low against a rising dollar, with Russian
stocks and the rouble among the worst performers of the past
On the debt front, emerging bond spreads were at
their widest since March, having blown out 50 basis points over
the quarter on the EMBI Global index.
LONDON, Sept 26 (Reuters) – Emerging stocks were on track
for their third straight week of losses, hit by a broad equities
sell-off and dollar strength, while the latest twist in the
Sistema saga sent Russian shares down one percent.
The dollar scaled new four-year highs against a basket of
major currencies late on Thursday, hitting oil and
commodity prices and knocking stocks, with the S&P 500 suffering
its biggest one-day loss since July.
LONDON (Reuters) – West African nations hit by the Ebola virus epidemic will need international help to rebuild for years to come and it is time for mining companies and business to get involved, the head of the African Development Bank (AfDB) said on Tuesday.
Ebola, a hemorrhagic fever, has killed 2,811 people since March this year in an epidemic centered around the West African nations of Guinea, Sierra Leone and Liberia.
LONDON, Sept 3 (Reuters) – Angola’s fledgling sovereign
wealth fund has identified direct investments in sub-Saharan
Africa, and is poised to start deploying up to a third of the $5
billion it has been endowed by the government, its chairman
Jose Filomeno dos Santos said the fund had set up a series
of special purpose vehicles to identify opportunities in
commercial infrastructure, energy, mining, agriculture and real
LONDON (Reuters) – This production of Giacomo Puccini’s tear-jerker “Madam Butterfly” has seen it all: Standing ovations, critical acclaim on both sides of the Atlantic, an Olivier award – and that was before the curtain went up.
The late film director Anthony Minghella’s staging of one of Puccini’s most popular operas, with its lush tunes and sad tale of loyal love spurned, is back at the English National Opera this month, its fifth revival and sixth run at the ENO.