LONDON: The Hungarian forint skidded more than 1 percent against the euro on Monday after Budapest requested help from the IMF while Egypt's debt insurance costs blew out 60 basis points to 2-1/2 year highs as pre-election violence accelerated in (...)
LONDON: Emerging economies dependent on overseas financing to balance their books look vulnerable to another looming slowdown in bricks-and-mortar investment, as rising deficits in many countries force reliance on volatile financial market (...)
LONDON: A four-day rally in emerging equities stalled on Thursday after data showing a clear slowdown in manufacturing activity worldwide highlighted risks to growth in the developing world.
The MSCI benchmark equity index touched a 3-1/2 week (...)
LONDON: Stock markets in Egypt and Tunisia are starting to lure back foreign investors after the ousting of decades-old autocratic regimes, but some blue-chip shares could struggle because of links to previous governments.
While conflict and (...)
LONDON: With no end in sight to political unrest in the Middle East and North Africa, borrowers from the region will find it costlier to roll over maturing debt this year but are unlikely to default.
Hundreds of people have been killed in Bahrain (...)
LONDON: The Turkish lira rallied half a percent on Tuesday while bond yields slipped after the central bank left interest rates unchanged as expected, and broader emerging stocks and currencies were rangebound as investors digested a range of (...)
LONDON: Cairo financial markets, reopening from a prolonged closure and a steep selloff, cannot look forward to much support from overseas portfolio managers who want more clarity on Egypt's economic and corporate outlook before venturing back to (...)
DUBAI/LONDON: Abu Dhabi Islamic Bank plans to issue a five-year benchmark dollar Islamic bond which will price by this week, one of the lead bankers on the deal told Reuters on Tuesday.
ADIB, the second largest Islamic lender in the United Arab (...)