emerging-markets
Top StoriesBlackRock’s iShares to Close MSCI Russia, Eastern Europe Funds Due Ukraine
InvestingGlobal Markets in “unambiguous Contrarian Buy Territory” – BofA
Top StoriesHungary’s Otp to Step up Lending to Farmers in War-Torn Ukraine
Top StoriesShanghai Aims for June 1 Return to Normal as Covid Lockdown Batters Economy
Asian Economic Powers Warn of Risks From War, Monetary Policy Normalisation
Date: May 12, 2022
By Tetsushi Kajimoto TOKYO (Reuters) -East Asian economic leaders warned on Thursday of risks to the region’s outlook and pledged to remain committed to market stability and sound fiscal policy. Economic risks included unexpectedly early rises in interest rates “in some advanced nations”, runaway inflation and supply chain disruption on top of the war in...
Take Five: The Tightrope Trick
Date: May 6, 2022
How to dampen inflation without slamming the brakes on growth? That’s the tricky job central banks face. But as others grapple with soaring prices, we will see how hard China’s COVID lockdowns are snarling up trade and slowing its economy. And another complication — M&A deals worth over $400 billion are waiting for financing, but...
Exclusive-Coca-Cola African Bottler’s $3 Billion IPO Delayed by Ukraine Turmoil
Date: May 3, 2022
By Promit Mukherjee and Emma Rumney JOHANNESBURG (Reuters) – Coca-Cola’s estimated $3 billion initial public offering (IPO) for its African bottling unit will likely take place in the third quarter after market turmoil linked to the war in Ukraine upset plans to list earlier, three sources said on Tuesday. The flotation of Coca-Cola Beverages Africa...
Dollar Surge Leaves Trail of Destruction
Date: April 29, 2022
By Saikat Chatterjee and Sujata Rao LONDON (Reuters) – The dollar’s race to two-decade highs is leaving a trail of destruction in its wake, exacerbating inflation in other countries and tightening financial conditions just as the world economy confronts the prospect of a slowdown in growth. This year’s 8% gain against a basket of currencies...
StanChart Profit Beats Estimates, Flags Strong Outlook on Rising Rates
Date: April 28, 2022
By Anshuman Daga and Lawrence White SINGAPORE/LONDON (Reuters) -Standard Chartered posted a forecast-beating 6% rise in first-quarter profit, sending its shares sharply higher, as the emerging-markets focused lender benefited from rising interest rates aimed at controlling inflation. The London-headquartered lender, which is focused on Asia, Africa and the Middle East, now expects income growth this...
The Man Who Evacuated 200 People From Mariupol in a Battered Red Van
Date: April 26, 2022
By Tom Balmforth and Parniyan Zemaryalai KYIV (Reuters) – As Russian forces tightened their siege of Mariupol and missiles rained down, Mykhailo Puryshev drove into the city six times last month to evacuate its citizens, somehow surviving despite his red van being all but destroyed. The 36-year-old Ukrainian, who once ran a nightclub in the...