Emerging Markets News
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At a time when U.S. lawmakers are closer than ever to punishing China for having an undervalued currency, trading in Hong Kong suggests the yuan is too strong.
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India’s inflation must ease before the central bank can reduce interest rates, Governor Duvvuri Subbarao said, signaling policy makers may maintain a tight monetary stance for now.
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The 28 percent plunge in zinc that drove the metal into a bear market may be ending as record demand from steelmakers erodes stockpiles and the price slump spurs producers to curb output.
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Bond investors are punishing Petroleos Mexicanos after its 1.1 billion-euro ($1.5 billion) bid to gain influence in Repsol YPF SA backfired, undermining the Mexican company’s efforts to stem declines in reserves.