Emerging Markets
RBS Led Dubai World Lenders, HSBC Has Most at Stake in UAE, JPMorgan Says Royal Bank of Scotland Group Plc was
the biggest underwriter of loans to Dubai World, the state
company seeking to reschedule debt, while HSBC Holdings Plc has
the most at risk in the United Arab Emirates, according to
JPMorgan Chase & Co.
Templeton's Mobius Says Vietnam Dong, Stocks to Decline on `Surge of Fear' Vietnam’s dong may decline a further
10 percent on the black market as this week’s devaluation erodes
confidence in the currency, sending the nation’s stocks to the
biggest correction in Asia, Mark Mobius said.
San Miguel Directors May Lead Takeover After $1.36 Billion Stake Purchase San Miguel Corp. Directors Inigo
Zobel and Roberto Ongpin may lead a takeover offer for the
Philippines’ biggest food and beverage maker after paying 64.3
billion pesos ($1.36 billion) for a 28 percent stake.
Chile Central Bank Directors Voted Unanimously to Keep Rate at Record 0.5% Chile’s central bank policy
committee voted unanimously to keep the benchmark interest rate
unchanged at a record low 0.5 percent at its Nov. 12 meeting and
reiterated plans to hold it there for a “prolonged period.”
Emerging Market Currencies, Stocks Slump as Dubai Dulls Allure of Yields Developing-nations’ stocks dropped
the most in a month and currencies weakened as Dubai’s attempt
to reschedule its debt drove investors away from higher-yielding
assets and commodities retreated.
Vietnam Stocks Rise, Pare Worst Weekly Drop in 11 Months Amid Devaluation Vietnam’s stocks rose, paring the
biggest weekly slump in 11 months. Joint-Stock Bank for Foreign
Trade of Vietnam led gains by lenders on speculation higher
interest rates will boost their earnings.
Taiwan's Economy Contracts 1.29% in Third Quarter, Slowest Pace in a Year Taiwan’s economy shrank at the
slowest pace in a year in the third quarter as rising Chinese
demand for the island’s electronics signaled it may soon emerge
from a yearlong recession.
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