EMERGING MARKETS

S.African stocks hit by Libyan unrest, rand firms

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South African resource-heavy stocks slipped on Tuesday as Libyan unrest prompted an equities sell-off while the rand firmed against the dollar, recovering from earlier losses as better-than-expected GDP data boosted the currency.
maize

S.Africa looks to BRIC countries to export maize

South Africa will export 4 million tonnes of surplus maize to the world's biggest emerging markets but wants to ensure security of food supplies in southern Africa first, a minister said on Tuesday.
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Gold gains on weaker dollar, China inflation

Gold was set for its largest one-day rise in a week, aided by a weaker dollar and Chinese inflation data that soothed some concern over the prospect of rapid rate rises in the world's second-largest bullion consumer.
An anti-government protester waves an Egyptian flag at an elevated defense position alongside the Egyptian Museum near Tahrir Square in Cairo February 4, 2011.

Is the Worst Over for Emerging Market Stocks?

We believe that the worst is now over for emerging market equities. Moreover, we believe that the resignation of Hosni Mubarak as Egypt’s President will not only ease tensions in the region but will also restore confidence towards investing in emerging markets again

China sees U.S. stoking Brazil, India anger over yuan

The United States has incited Brazil and India to criticise China's currency policy, but Beijing need not worry too much because it can defuse the tension through talks, a series of Chinese government advisers told Reuters.
Brazil's FM Mantega speaks during a news conference in Brasilia

Brazil doubles budgetary cuts

The Brazilian government plans to cut the federal budget by about $30 billion in 2011, which is more than double the budgetary cut last year, said a media report on Thursday.
U.S. Federal Reserve Board Chairman Ben Bernanke

Bernanke downplays inflation risks

Federal Reserve chairman said the risk of inflation was “quite low” and that higher prices in emerging markets were unlikely to spill over into the U.S.
Xipwire co-founders

Mobile payment startup builds buzz through causes

When competitors shut down payments to WikiLeaks after the controversial website released a slew of sensitive U.S. diplomatic cables, Sharif Alexandre refused to join the boycott. The Egyptian-born entrepreneur and founder of Xipwire - a Philadelphia-based mobile payments startup - stood opposed to PayPal and Amazon and let customers continue making donations via cellphones.
A file picture shows the South African twenty rand note.

S.Africa's rand enjoys slight reprieve but stocks dip

South Africa's rand crept higher against the dollar on Wednesday, partly aided by a firmer price for gold, but remains one of the worst emerging market performers so far this year, as the central bank continues to accumulate foreign reserves.
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Gold edges up, shrugs off China rates

Gold inched higher on Tuesday as equities fell, the euro picked up and flows of metal out of exchange-traded funds stabilized, although a rise in Chinese benchmark rates limited gains.
 BlackBerry 9700

Nokia's Bane Could be Boon for RIM

Nokia's widely speculated transition to a new operating system would benefit rival Research In Motion as it provides an opportunity to expand in international markets.
Ivory Coast's President Laurent Gbagbo flashes two thumbs-up during his inauguration at the presidential palace in Abidjan

Ivory Coast bond dives on missed coupon

The price of Ivory Coast's 2032 $2.3 billion bond dived to a record low on Tuesday after investors said the West African country had defaulted by missing a January 31 coupon payment deadline.
An welder works on a section of a Pelamis wave energy converter at their factory in Edinburgh, Scotland.

UK manufacturing PMI hits record high in January

Manufacturing activity grew in January at its fastest pace since records began in 1992, and factory costs also surged, in a further sign that price pressures are building in the economy, a survey showed.

China, Brazil office rents soared in 2010 - survey

Prime office rents in key Chinese and Brazilian cities will continue their economic growth-fuelled rise in 2011, a survey said, prompting global property investors to chase deals in those emerging markets.

Jobs, inflation and Egypt

Fundamentals and nasty surprises are on investors minds heading into February, with big tests in the coming week about jobs and inflation and increasing worries over Egypt and its region.

China c.bank says Fed easing ineffective, dangerous

Quantitative easing by the Federal Reserve and other central banks cannot address fundamental economic problems but may lead to excessive global liquidity and competitive currency depreciation, China's central bank said on Sunday.

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