Emerging Markets News
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Poland’s borrowing costs fell below Italy’s for the first time in two months after Prime Minister Donald Tusk won re-election on budget cuts and Prime Minister Silvio Berlusconi lost parliamentary support.
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Emerging-market stocks fell, ending the biggest seven-day rally in two years, after a cut in Spain’s credit rating fueled concern Europe’s debt crisis is spreading and as China’s inflation exceeded 6 percent for a fourth month.
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Asian currencies will extend their biggest slide in three years through December before rebounding in early 2012 as export demand picks up, said Standard Chartered Plc, the most-accurate forecaster for the region.
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The Indonesia Stock Exchange plans to reintroduce stock-option trading next year to lure investors as it aims to double market capitalization by 2015, according to a director at the bourse.