LONDON, March 12 (Reuters) – Emerging stocks hit a one-month
low on Wednesday after fears about China’s economy dragged down
copper and other commodities, while worries about western
sanctions on Russia weighed on the rouble, forcing the central
bank to intervene.
Shanghai shares hit their lowest in nearly eight weeks as
worries grew that economic data due on Thursday would confirm a
slowdown in the world’s second-biggest economy.
Does Ukraine’s $3bln eurobond sold to Russia constitute “odious debts”? It’s an interesting question…
Odious debts: “debts incurred by a despotic regime that do not benefit the people bound to repay the loans”
LONDON, March 7 (Reuters) – Emerging economies may be on the
cusp of a great unwinding of borrow-low invest-high carry
trades, through which an estimated $2 trillion has flooded
mainly into their debt markets in the past five years.
The latest cycle of carry trades is the third in little over
two decades and its estimated size is roughly double that of its
predecessor. A reversal poses a specific risk to debt markets,
especially in China, where investors who facilitated a corporate
lending binge face both currency and credit losses.
LONDON, March 5 (Reuters) – Russian shares fell again and
the rouble slipped towards record lows on Wednesday as investors
remained wary about a standoff between Russia and Ukraine in
Chinese shares fell as fears grew over a possible default by
a listed company there and on Beijing’s plan to introduce
deposit insurance – a move towards freeing up deposit rates -
but the broader benchmark emerging equity index held up.