Emerging Markets
Emerging-Market Stocks Rise, Erasing 2010 Loss; Metals Gain, Pound Slides Emerging market stocks rose,
erasing their losses for the year, and metal prices gained after
China said exports soared by the most in three years. The
British pound weakened as U.K. manufacturing contracted.
Russia Foreign Bonds Yield Under 5% for First Time Before Debt Offering Yields on Russian dollar bonds fell
to less than 5 percent for the first time as rising oil prices
boosted investor confidence in the world’s biggest energy
exporter ahead of its first foreign-currency bond sale in 12
years.
Odds of Brazilian Rate Increase Decline If Meirelles Resigns, Volpon Says Brazilian central bank President
Henrique Meirelles is unlikely to raise the benchmark interest
rate this month if he leaves his post to seek a vice
presidential nomination, according to Tony Volpon, a Latin
America strategist at Nomura Holdings Inc.
Dollar Bond Sales Surge 35% in Asia as Evergrande, KDB Tap New Investors The lowest relative borrowing costs
in more than two years and demand from international investors
is driving Asian companies to sell record amounts of dollar-
denominated bonds.
America Movil Proposes One-Time Dividend, Larger Stock-Buyback Program America Movil SAB plans to pay a
one-time dividend and buy back more of its stock, rewarding
investors as the Latin American wireless carrier pursues the
region’s largest acquisition this year.
Dubai World Has Made Progress With Debt Restructuring, U.K. Minister Says Dubai World, the state-owned
holding company seeking to renegotiate terms on $26 billion of
debt, made “some progress” in talks with creditors, U.K. Trade
Minister Mervyn Davies said.
Chilean Peso Falls for a Second Day; Swap Yields Drop on Inflation Bets Chile’s peso fell for a second day
on speculation the government may finance part of the
reconstruction after last month’s earthquake with local bond
sales and amid declines in copper, the nation’s biggest export.
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