Emerging-market stocks gained for a fourth day after China’s prime minister signaled interest-rate increases may be ending, raising speculation that demand for commodities from the world’s second-largest economy will rise.
Argentina ordered oil, gas and mining companies such as Xstrata Plc to repatriate all future export revenue as the government struggles to stem accelerating capital flight from South America’s second-biggest economy.
Terra Telecommunications Corp.’s former president, Joel Esquenazi, was sentenced to 15 years in prison for his role in a scheme to bribe officials at state- owned telecommunications company Haiti Teleco.
Surging volatility in the Mexican peso is driving auction demand for the country’s shortest-term bills to a 16-month low.
More Emerging Markets News