Emerging Markets 12/26/2006
Emerging Markets
Ecuador's Bonds Advance, Paring Losses From Tumble After Default Threat Ecuador's bonds rose, paring their biggest-ever decline of last week, as some investors doubted that President-elect Rafael Correa will make good on a threat to default on the country's $11 billion debt.
Crude Oil Rises After Iran Vows to Defy UN Sanctions on Nuclear Research Crude oil rose after Iran, the Organization of Petroleum Exporting Countries' second-biggest producer, said it will defy United Nations sanctions and pursue nuclear research.
Soybean Prices May Top 1970s Record as Farmers Switch More Fields to Corn Soybean prices may be headed for the biggest jump in three decades as farmers plant more fields with corn.
Gazprom Threatens to Cut Belarus Gas in Five Days After Price Talks Fail OAO Gazprom, the Russian supplier of a quarter of Europe's natural gas, threatened to halt shipments of the fuel to Belarus on Jan. 1 if the Eastern European nation fails to accept a doubling in price.
Brazilian Economists Lower 2007 Overnight Rate Forecast to 11.75 Percent Brazilian economists lowered their forecast for the benchmark lending rate at the end of 2007 for the first time in two months on expectations consumer price increases will slow.
Bank of Israel Raises 2007 Growth Estimate as Economy Recovers From War The Bank of Israel raised its 2007 economic growth forecast to 4.6 percent, saying the economy wasn't as hurt by the July-August Lebanon War as initially estimated.
Regulator Supports Chinese Banks' Plan to Set Up Insurers to Boost Income China's bank regulator said he's ``cautiously supportive'' of a plan by the country's banks to manage insurers, in a sign that the government may ease rules to allow financial institutions to expand into more businesses.
Ecuador's Bonds Advance, Paring Losses From Tumble After Default Threat Ecuador's bonds rose, paring their biggest-ever decline of last week, as some investors doubted that President-elect Rafael Correa will make good on a threat to default on the country's $11 billion debt.
Crude Oil Rises After Iran Vows to Defy UN Sanctions on Nuclear Research Crude oil rose after Iran, the Organization of Petroleum Exporting Countries' second-biggest producer, said it will defy United Nations sanctions and pursue nuclear research.
Soybean Prices May Top 1970s Record as Farmers Switch More Fields to Corn Soybean prices may be headed for the biggest jump in three decades as farmers plant more fields with corn.
Gazprom Threatens to Cut Belarus Gas in Five Days After Price Talks Fail OAO Gazprom, the Russian supplier of a quarter of Europe's natural gas, threatened to halt shipments of the fuel to Belarus on Jan. 1 if the Eastern European nation fails to accept a doubling in price.
Brazilian Economists Lower 2007 Overnight Rate Forecast to 11.75 Percent Brazilian economists lowered their forecast for the benchmark lending rate at the end of 2007 for the first time in two months on expectations consumer price increases will slow.
Bank of Israel Raises 2007 Growth Estimate as Economy Recovers From War The Bank of Israel raised its 2007 economic growth forecast to 4.6 percent, saying the economy wasn't as hurt by the July-August Lebanon War as initially estimated.
Regulator Supports Chinese Banks' Plan to Set Up Insurers to Boost Income China's bank regulator said he's ``cautiously supportive'' of a plan by the country's banks to manage insurers, in a sign that the government may ease rules to allow financial institutions to expand into more businesses.
posted by alexsakne at 11:59 AM
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