LONDON, May 21 (Reuters) – Emerging stocks fell for the
fourth straight session on Thursday after China posted
weaker-than-expected data, though losses were less pronounced
and some currencies strengthened as the dollar snapped its
three-day winning streak.
MSCI’s index of emerging market shares fell 0.2
percent while Asia ex-Japan stocks traded flat
after data showed Chinese factory activity contracted for the
third straight month in May, chilling hopes for a swift economic
recovery in the second quarter.
LONDON, May 20 (Reuters) – Emerging market currencies and
stocks fell on Monday, coming under pressure from a climbing
dollar after better-than-expected U.S. housing data.
The dollar index hit its highest level in two weeks
after data showed April housing starts at the highest in almost
7-1/2 years, rekindling concern that the U.S. Federal Reserve
could hike interest rates sooner rather than later.
LONDON, May 18 (Reuters) – A historic breakthrough in
U.S.-Cuba relations has set investors clamouring to buy the
Caribbean island’s long-defaulted debt but one of the biggest
private holders of the distressed loans is refusing to cash in
Following five decades of Cold War confrontation between the
United States and Cuba’s communist government, President Barack
Obama surprised the world in December, announcing Washington
would restore diplomatic ties with Havana and lift some economic
LONDON, May 13 (Reuters) – Emerging market currencies and
stocks strengthened on Wednesday after disappointing data from
China spurred expectations of more stimulus from Beijing, with
eastern European currencies drawing further support from
better-than-expected growth data.
MSCI’s emerging market index was up 0.4 percent with
the Asia ex-Japan index adding 0.5 percent after
China’s factory output, retail sales and fixed-asset investments
rose less than expected, boosting bets Beijing will have to step
up efforts to shore up its economy.
LONDON (Reuters) – A group of Ukraine’s biggest creditors said on Thursday it had submitted new detailed proposals to restructure Kiev’s debt but the plan still rejects any writedown in the face value of the bonds.
Ukraine has set itself a June deadline to get a deal in place with creditors, with around $23 billion (£14.6 billion) worth of debt earmarked for restructuring. But progress in the talks has been slow, with little movement in recent weeks from either the creditors or the government.
LONDON, May 12 (Reuters) – A committee of Ukraine’s biggest
creditors said on Tuesday it had delivered a new, detailed
proposal to Kiev to strike a compromise between Ukraine’s need
to restructure debt and creditors objective to avoid a principal
The ad-hoc creditor committee, which includes investment
firm Franklin Templeton and represents investors holding bonds
worth about $10 billion, also said it had not seen “substantive
engagement” by Kiev or its advisers on initial proposals the
group had delivered four weeks ago.
LONDON, May 8 (Reuters) – Emerging equities snapped a
two-day losing streak on Friday, helped by gains in Asia, but
were on track for a second straight week of losses while
currencies weakened amid a continued fall-out from the global
The MSCI emerging market index gained 0.7 percent,
supported by Chinese and Indian stocks adding
some 2 percent, and getting breathing space amid signs that
global bond markets were stabilising.
LONDON (Reuters) – Hans Blix, former chief of the UN nuclear watchdog, said he was cautious about the chances of a final deal being clinched between Iran and major world powers aimed at reining in Tehran’s nuclear programme.
Following more than a decade of brinkmanship, eight days of marathon talks in Lausanne this month ended with an outline deal to scale back Iran’s programme for at least a decade.
LONDON (Reuters) – Hans Blix, former chief of the UN nuclear watchdog, said he was cautious about the chances of a final deal being clinched between Iran and major world powers aimed at reining in Tehran’s nuclear program.
Following more than a decade of brinkmanship, eight days of marathon talks in Lausanne this month ended with an outline deal to scale back Iran’s program for at least a decade.
LONDON, April 30 (Reuters) – Emerging equities were headed
for their biggest monthly gain in more than three years in April
thanks to a helping hand from Chinese shares, despite sliding
for a second day on Thursday after disappointing U.S. growth
The MSCI emerging market index has gained almost 8
percent since the start of April, getting a lift from a surge in
Chinese stocks, though it was down 0.8 percent on the day. The
MSCI Asia ex-Japan index slipped 1.1 percent.