Emerging Markets News
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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.
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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.
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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.
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Surging volatility in the Mexican peso is driving auction demand for the country’s shortest-term bills to a 16-month low.
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