Emerging Markets
Batista's $100 Billion `Richest Man' Dream Advances With OSX Share Offer Eike Batista’s plan to raise $5.6
billion in the biggest initial public offering this year moves
him one step closer to fulfilling his ambition of being the
world’s richest man.
Dubai World Seeks to Separate `Good' Businesses From Underperforming Ones Dubai World, the state-owned
holding company restructuring $26 billion in debt, is seeking to
separate “good” businesses from underperforming assets as part
of its restructuring plan, the head of the city’s airline said.
Emerging Stocks Rise for Fifth Weekly Gain; Longest Streak Since May Developing-nation stocks climbed,
sending the MSCI Emerging Markets Index to its fifth weekly
gain, on rising commodities and increased speculation that
Greece will get bailed out by the European Union. Stocks in
China and Brazil fell on concern their governments will raise
interest rates, slowing the global recovery.
Mexico's Peso Set for a Fifth Weekly Increase on Signs of U.S. Recovery Mexico’s peso headed for a fifth
weekly gain, its longest winning streak since August, as signs
of a U.S. economic recovery boosted export prospects for the
Latin American country.
Colombia's Bond Yields Decline to Lowest in 6 Weeks on Interest-Rate Bets Colombia’s peso bonds rose, pushing
yields to a six-week low, as investors bet the central bank will
leave interest rates at a record low as it seeks to spur growth
in the South American nation amid “tame” inflation.
Venezuela's Dollar Bonds Rise to Seven-Week High on Rally in Crude Oil Venezuela’s benchmark dollar bonds
rose to a seven-week high on speculation a rally in crude oil,
the country’s biggest export, will prompt the government to pare
back debt sales this year.
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