Emerging Markets
Roach Says `Take Out the Baseball Bat' on Krugman Over His Stance on Yuan Morgan Stanley Asia Chairman
Stephen Roach said that Paul Krugman’s call to push China to
allow a stronger yuan is “very bad” advice and that increased
Chinese spending is a better way of reducing trade imbalances.
Russia to Meet U.S. Investors for First Eurobond Sale Since 1998 Default Russian government officials will
meet bond investors in the U.S. next month to promote the
country’s first sale of Eurobonds since 1998, Finance Minister
Alexei Kudrin said.
Indonesia's Pricier Stocks Than China Won't Slow Rally, AMP Capital Says Indonesia stocks may rise a further
15 percent this year, extending Southeast Asia’s best rally as
the nation’s earnings prospects allow for prices that are higher
than those in China, according to AMP Capital Investors.
Most Emerging Stocks Rise in Longest Weekly Rally Since May; Kia Advances Most emerging-market stocks rose,
sending the benchmark index to its sixth weekly gain, after U.S.
reports on jobs and manufacturing spurred optimism of a global
economic recovery.
MS&AD to Seek Life Insurance Alliances in China, India After Japan Merger MS&AD Insurance Group Holdings Inc.,
set to become Japan’s biggest casualty insurer after a three-way
merger, said it’s in talks with Chinese and Indian firms to
expand its life business as earnings growth stalls at home.
China Stocks Rise, Capping Biggest Weekly Gain in Five Weeks; Chalco Jumps China’s stocks rose, capping the
biggest weekly gain in five weeks, as raw-material producers
rallied after Aluminum Corp. of China Ltd.’s parent agreed to
buy a stake in an African iron ore mine and copper prices gained.
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