Emerging Markets
Mexico's Credit Rating Cut by Fitch as Oil Output Drop Swells Budget Gap Mexico’s credit rating was cut one
level by Fitch Ratings after tumbling oil output and the worst
recession since the 1930s swelled the budget deficit.
Israeli Central Bank Raises Key Rate for Second Time Since Recovery Began The Bank of Israel unexpectedly
raised the benchmark interest rate for a second time since the
global economy began to recover as growth accelerated and
inflation approached the top of the government’s target range.
Brazilian Real Strengthens for the First Time in Four Days on Commodities Brazil’s real advanced for the first
time in four days as gains in commodities increased speculation
that foreign currency flows to Latin America’s biggest economy
will rise.
Latin America Stocks to Approach Record Highs by End 2010, JPMorgan Says Latin America’s stock markets will
rebound to almost record highs by the end of next year, with
better earnings likely to boost a regional index 27 percent in
13 months, according to JPMorgan Chase & Co.
Brazil's Bovespa Gains on Outlook for Commodities Demand; Real Advances Brazilian stocks rose for the first
time in three days on speculation low interest rates and
economic stimulus from the country’s biggest trading partners
will sustain demand for commodities.
Temirbank is 4th Kazakh Lender to Default Prompting $1.4 Billion Workout Temirbank, a unit of Kazakhstan’s
BTA Bank, plans to restructure 211.8 billion tenge ($1.42
billion) in debts after becoming the fourth Kazakh lender to
default this year.
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