Emerging Markets 1/2/2007
Emerging Markets 1/2/2007
Emerging Markets to Lead Stocks, Boosted by Consumer Shares, Mobius Says Emerging-market stocks may lead global equity returns for a sixth straight year because consumers from China to Brazil are becoming wealthy enough to propel economic growth even as demand for their exports slows.
Brazil's Real Pares Losses After Treasury Secretary Who Urged Cuts Quits Brazil's real was little changed, paring losses as some traders speculated the resignation of Treasury Secretary Carlos Kawall might weaken the government's resolve to control spending.
Venezuela Annual Inflation Rate Rose to Highest in 17 Months in December Venezuela's annual inflation rate rose in December to its highest in 17 months as a jump in government spending spurred consumer demand.
China's Citic Completes $1.9 Billion Kazakhstan Oil Asset Acquisition China International Trust & Investment Corp. completed a $1.9 billion oil asset purchase in Kazakhstan after agreeing to sell half a stake to KazMunaiGas to win the Central Asian government's approval for the acquisition.
Brazil's 2006 Trade Surplus Expands to Record $46 Billion on Commodities Brazil's trade surplus widened to an all-time high in 2006 as near record commodities prices and surging global demand boosted exports earnings.
Crude Oil Futures Decline as Milder Weather Reduces U.S. Fuel Consumption Crude oil fell as mild weather in the U.S. curbed heating-fuel demand and the execution of Saddam Hussein raised the specter of increased violence in Iraq.
Central European Stocks Including Utility CEZ, OTP Bank and Bioton Rise Central European stocks rose on the first trading day of the year. OMV AG and PKN Orlen SA paced a rally by the region's energy companies on speculation refining margins will improve.
Emerging Markets to Lead Stocks, Boosted by Consumer Shares, Mobius Says Emerging-market stocks may lead global equity returns for a sixth straight year because consumers from China to Brazil are becoming wealthy enough to propel economic growth even as demand for their exports slows.
Brazil's Real Pares Losses After Treasury Secretary Who Urged Cuts Quits Brazil's real was little changed, paring losses as some traders speculated the resignation of Treasury Secretary Carlos Kawall might weaken the government's resolve to control spending.
Venezuela Annual Inflation Rate Rose to Highest in 17 Months in December Venezuela's annual inflation rate rose in December to its highest in 17 months as a jump in government spending spurred consumer demand.
China's Citic Completes $1.9 Billion Kazakhstan Oil Asset Acquisition China International Trust & Investment Corp. completed a $1.9 billion oil asset purchase in Kazakhstan after agreeing to sell half a stake to KazMunaiGas to win the Central Asian government's approval for the acquisition.
Brazil's 2006 Trade Surplus Expands to Record $46 Billion on Commodities Brazil's trade surplus widened to an all-time high in 2006 as near record commodities prices and surging global demand boosted exports earnings.
Crude Oil Futures Decline as Milder Weather Reduces U.S. Fuel Consumption Crude oil fell as mild weather in the U.S. curbed heating-fuel demand and the execution of Saddam Hussein raised the specter of increased violence in Iraq.
Central European Stocks Including Utility CEZ, OTP Bank and Bioton Rise Central European stocks rose on the first trading day of the year. OMV AG and PKN Orlen SA paced a rally by the region's energy companies on speculation refining margins will improve.
posted by alexsakne at 12:54 PM
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