Archive for December 2012
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Shares in MegaFon fell nearly 3 percent on their market debut on Wednesday, following a bumpy ride for the issue and showing limited demand among investors for another Russian mobile stock. Russia's second-biggest mobile phone
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Shares in MegaFon fell nearly 3 percent on their market debut on Wednesday, following a bumpy ride for the issue and showing limited demand among investors for another Russian mobile stock. Russia's second-biggest mobile phone
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Brazilian stocks slipped on Friday after data showed Latin America's largest economy grew far slower than expected in the third quarter, suggesting growth estimates for this year and next could wilt. Latin America's major stock
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The S&P 500 wrapped up its fifth positive month in the last six on Friday, although it ended the day flat as politicians remain at odds about how to avoid the so-called fiscal cliff. Trading
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Ghana's cedi is likely to remain on the back foot on investor nervousness before elections next week, and the Kenyan shilling is seen firming slightly against the dollar. Ghana's cedi is expected to remain under
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Brazil's currency and interest rate futures slid on Friday after data showed the country's economy grew only half what economists expected in the third quarter, suggesting the government may resort to a weaker currency and
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The Polish zloty fell on Friday as weak output data in Central Europe's biggest economy raised the prospect that the central bank will ease monetary policy more rapidly than had been expected. The forint, which
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Currency speculators cut their bets in favour of the US dollar in the latest week while they boosted short yen positions to a more than five-year high, according to data from the Commodity Futures Trading
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The euro rose to its highest in more than five weeks against the dollar on Friday, posting its fourth straight month of gains as investors clung to hopes that US politicians would reach a fiscal
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Expectations of easier monetary policy in Japan, along with a weaker yen, have revived talk of yen-funded carry trades, with investments in some emerging market currencies seen as most attractive. Strategists said the prospect of
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