Emerging Markets News

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Emerging Markets - Moreover - Sat, 2008-09-06 03:46
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Asia Round Up-- S. Korean Q2 GDP Growth Slows; Inflation Eases In Taiwan, Hits 17-Year High In Philippines

Emerging Markets - Moreover - Sat, 2008-09-06 03:42
(RTTNews) - Friday saw some key economic data releases from major Asian economies, of which South Korean national accounts data and inflation reports from the Philippines and Taiwan were in focus. According to the Bank of Korea, the South Korean annual

HSBC's Green says Asian demand to spur inflation

Emerging Markets - Moreover - Sat, 2008-09-06 03:27
By Scott Haggett CALGARY, Alberta (Reuters) - Rising demand for commodities and energy from rapidly growing Asian economies could mean inflation will become a long-term problem for central banks, Stephen Green, group chairman of HSBC Holdings Plc

Sensex loses 415 pts

Emerging Markets - Moreover - Sat, 2008-09-06 03:20
iggest fall in nearly two weeks with the benchmark Sensex dropping over 415 points on selling by funds in heavyweight stocks, particularly in refinery, bank and metal segments, on renewed concerns of sluggish global economic growth. | The barometer,

Sensex loses 415 pts on weak mkt cues

Emerging Markets - Moreover - Sat, 2008-09-06 03:19
Key Indian equity indices declined for the second straight trading session on Friday. Taking a cue from the weak US and Asian markets, the 30-share Sensex of Bombay Stock Exchange (BSE) plummeted 415.27 points, or 2.79%, to close at 14.483.83 points. The

Pakistan needs major infusion of funds: IMF

Emerging Markets - Moreover - Sat, 2008-09-06 03:08
NEW YORK, Sept 5: Pakistan's economy needs a 'substantial' injection of external funds if it is to improve the worsening economic situation, an IMF official said on Friday. The country's public finances have deteriorated in the past 18 months amid

Philippine inflation hits 17-year high in August

Emerging Markets - Moreover - Sat, 2008-09-06 02:38
NILA -- Inflation in the Philippines surged to 12.5 percent in August, a 17-year high, the governm ent said Friday, warning that the rise could impact economic growth targets for this year. The National Statistics Office also revised upward the inflation

India bank's new head vows to battle inflation

Emerging Markets - Moreover - Sat, 2008-09-06 02:27
UMBAI -- India's new head of the Reserve Bank of India took office on Friday, pledging to wrestle d own inflation riding at 13-year highs. Duvvuri Subbarao, who was appointed for a three-year term to succeed Yaga Venugopal Reddy as governor, told

Taiwan inflation rate down on cheap fuel

Emerging Markets - Moreover - Sat, 2008-09-06 02:23
TAIPEI, Taiwan -- Taiwan's inflation eased from an almost 14-year high in August as fuel prices fell , the government said in a report yesterday. Consumer prices climbed 4.78 percent from a year earlier, the state statistics bureau said in Taipei. That

Lloyd's of London moves into emerging markets

Emerging Markets - Moreover - Sat, 2008-09-06 01:17
Lloyd's of London, the world's biggest insurance market, signaled its intention to push its business in emerging markets in Asia and Latin America and oil rich countries in the Gulf, warning yesterday that a shift in world power could not be ignored.

Pakistan needs ?substantial external financing?: IMF

Emerging Markets - Moreover - Sat, 2008-09-06 01:15
KARACHI: Pakistan needs ?substantial external financing? to stabilise its economy and rebuild fast-shrinking foreign currency reserves, a senior IMF official said. The economy has been hard hit by soaring world prices for oil and food, which have cut the

Developing markets fuel Aggreko revenue growth

Emerging Markets - Moreover - Sat, 2008-09-06 01:00
Aggreko equipment rented in Bonaire, Caribbean. The company is benefitting from the demand for power in the world's developing regions. Aggreko has shrugged off US and European economic problems to post a 28.4% increase revenues to £407.7 million for

Sensex down 415 points on sluggish global cues

Emerging Markets - Moreover - Sat, 2008-09-06 00:58
Mumbai, September 5: Heavy selling by funds in heavyweight stocks, particularly in refinery, bank and metal segments, saw the market fall on Friday. Th e Sensex fell by over 415 points, its biggest fall in nearly two weeks, on renewed concerns of

Sensex falls most in week; rupee rallies

Emerging Markets - Moreover - Sat, 2008-09-06 00:56
MUMBAI: India?s benchmark stock index yesterday fell the most in a week, led by oil companies and commodity-related shares, as falling shipping rates raised concern demand for raw materials will plunge.The Bombay Stock Exchange?s Sensitive Index, or

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Emerging Markets - Moreover - Sat, 2008-09-06 00:53
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Argentina Replaces Its IMF Representative -Econ Min Source

Emerging Markets - Moreover - Sat, 2008-09-06 00:53
Replaces Its IMF Representative -Econ Min Source BUENOS AIRES -(Dow Jones)- Argentina's representative to the International Monetary Fund, Hector Torres, has resigned and will be replaced by his number 2, Pablo Pereira, an economy ministry source said

Sensex down 398pts; Wipro, HDFC down 4.3%

Emerging Markets - Moreover - Sat, 2008-09-06 00:39
The Sensex is now down 398 points at 14,500. Jaiprakash Associates has plunged 5.3% to Rs 168. Wipro and HDFC have tumbled over 4.3% each to Rs 428 and Rs 2,317 respectively. ICICI Bank and Infosys have shed around 3.9% each at Rs 690 and Rs 1,719,
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