After panic selling, panic buying? Ukraine’s 2017 dollar sovereign bond up nearly 7 points to 93.87
LONDON, Feb 21 (Reuters) – Caught in an emerging market
storm, some resource-rich states may keep more windfall income
in liquid assets, ready to aid their economies, rather than
locked up in strategic investment for future generations.
Kazakhstan’s move last week to dip into its National Fund to
slash banks’ bad loans and – to some extent – Russia’s plan to
tap into its wealth fund to bail out Ukraine reduce a potential
pool of funds that otherwise could have been invested in
capital-heavy projects such as infrastructure.
SAO PAULO/LONDON, Feb 19 (Reuters) – Ukraine’s sovereign
bonds plunged further on Wednesday as a renewed wave of violence
hit the capital Kiev, while mounting unrest in Venezuela drove
the price of its credit default swaps to near five-year highs.
Protesters poured into a central Kiev square on Wednesday, a
day after at least 25 people were killed in demonstrations.
Protests that began in November have hit the
heavily indebted economy and drained the central bank of foreign