Emerging Markets News
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Emerging-market stocks rose, driving the benchmark index to its first weekly gain in five, as Federal Reserve Chairman Ben S. Bernanke stopped short of signaling further stimulus to aid the economy, easing investors’ concern about the outlook for growth.
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Empresas ICA SAB is beating regional peers in the bond market as investors bet the Mexican builder will dispel Moody’s Investors Service concerns on debt levels by increasing revenue from highway and prison projects.
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A tax on currency derivatives imposed by the Brazilian government last month to curb the real’s appreciation won’t cause a migration of derivatives trading offshore, said Craig Donohue, chief executive officer of CME Group Inc., the world’s largest futures market.
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Libyan rebels prepared to attack Muammar Qaddafi’s stronghold of Sirte, his birthplace, as NATO warplanes hit targets in and around the city.
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