Edition:
United Kingdom

Rodrigo Campos

Eleven aboard flight from Dubai hospitalised in apparent flu outbreak

06 Sep 2018

NEW YORK Eleven people on an Emirates airline flight were taken to a New York City hospital suffering flu-like symptoms on Wednesday after scores of passengers and crew complained of feeling sick during a 14-hour trip from the Middle East, officials said. | Video

Investors await new Argentina fiscal plan after peso tumbles

31 Aug 2018

BUENOS AIRES/NEW YORK Aug 31 Investors were looking on Friday for hints of a fiscal package the Argentine government said it would announce next week after dramatic drops in the peso currency, while the opposition called for protests as discontent with President Mauricio Macri grows.

Macri's bid to calm markets backfires, Argentine peso plummets

30 Aug 2018

BUENOS AIRES/NEW YORK Following seven straight days of declines in Argentina's peso, President Mauricio Macri decided to make a rare address to the nation on Wednesday to reassure markets that the South American country had no trouble paying its debts.

Haley says U.S. Rohingya report 'consistent' with U.N. findings

29 Aug 2018

UNITED NATIONS Findings of a U.S. State Department investigation into Myanmar's Rohingya crisis are "consistent" with those of a report by U.N. investigators released this week that called for Myanmar's commander-in-chief and other generals be tried for genocide, the U.S. ambassador to the United Nations said on Tuesday. | Video

Payment seen unlikely on $1.1 billion in maturing Venezuela bonds

15 Aug 2018

NEW YORK/CARACAS Venezuela faces payments of $1.1 billion in interest and principal on two bonds maturing on Wednesday, but investors expect the cash-strapped nation to continue its pattern of no payments.

Emerging economies face threat of Turkey knock-on effect

15 Aug 2018

NEW YORK As Turkey's financial markets spiral down, threatening the country's economy, investors are gauging whether emerging markets as an asset class are in danger of falling out of grace. The following selection of data points indicate there is relative weakness in Argentina and South Africa, while Asia and Mexico show strength.

RPT-GRAPHIC-Emerging economies face threat of Turkey knock-on effect

15 Aug 2018

(Repeats with no changes to text) By Rodrigo Campos NEW YORK, Aug 14 (Reuters) - As T urkey's financial markets spiral down, threatening the country's economy, investors are gauging whether emerging markets as an asset class are in danger of falling out of grace. The following selection of data points indicate there is relative weakness in Argentina and South Africa, while Asia and Mexico show strength. A plunge in the Turkish lira has set off a wave of selling across emerging market assets, reviving fears of contagion that has been the sector's Achilles heel for decades. [nL5N1V41Y9 ] Stock prices fell significant ly while government bond yields rose across emerging markets. The bout of selling has taken prices and spreads near their 15-year average, indicating further declines could turn out to be good buying opportuniti es. Most countries listed here import more goods than they export, in value terms. Argentina, with the largest net deficit on this list, is one of the markets usually expected to suffer under continued U.S. dollar strengtheni ng. Foreign direct investment (FDI) supports economic growth in most cases and can make up for a current account deficit. Combined with data on import/expo rt balances, the FDI data highlights South Africa as a likely weak spot if concerns over Turkey spread globally. Emerging market equities measured in U.S. dollars are strongly linked to the performance of local currencies. The lira's troubles so far this year are comparable only to Argentina's peso and both have made for sharp negative stock returns in greenbacks. The Mexican peso is one of the few emerging market currencies to rise this year and its stock market has outperforme d the MSCI Emerging Markets index by over 900 basis points. Argentina and Turkey are ahead again in a measure of the government debt yield spread to U.S. Treasuries. As their currencies weaken and their ability to grow their economies comes into question, investors demand more and more yield to hold these countries' debt. ^^^^^^^^^^^ ^^^^^^^^^^^ ^^^^^^^^^^^ ^^^^^ EM equity valuations, bond spreads http://bit.ly/2MIKbuN EM Equity valuations, bond spreads https://reut.rs/2P2i8Ip Import/expo rt balance in key EM economies https://tmsnrt.rs/2vHGkHV Import/Expo rt balance in key EM economies https://reut.rs/2P8QeKB Foreign Direct Investment, net inflows https://tmsnrt.rs/2BaKxJl Foreign direct investment, net inflows https://reut.rs/2P5gYf0 Emerging markets equity performance (USD) https://tmsnrt.rs/2P9FYC6 Emerging markets equity performance https://reut.rs/2P8woiQ Select EM currencies YTD https://tmsnrt.rs/2Mh3iA9 Select EM currencies YTD https://reut.rs/2vIx5aq EM sovereign bonds in hard currencies (EMBI Glb.Div) https://tmsnrt.rs/2OtUVxw EM sovereign bonds in hard currencies, spread (EMBI Glb.Div) https://reut.rs/2P8r9iY ^^^^^^^^^^^ ^^^^^^^^^^^ ^^^^^^^^^^^ ^^^^^^^^^^^ ^^^^^^^^^^^ ^^^^> (Reporting and graphics by Rodrigo Campos; Editing by Daniel Bases and Rosalba O'Brien)

Brazil's Cemig considering strategic partnership in Light deal: CFO

30 Jul 2018

NEW YORK Brazilian state-run electricity utility Companhia Energética de Minas Gerais (Cemig) is considering a strategic partnership as part of its plan to divest its stake in Light SA , the company's chief financial officer said on Monday.

Ecuador economy on right track but reform follow-through is key

24 Jul 2018

NEW YORK Ecuador's recent turn towards a more market friendly economic policies has lifted investor sentiment towards the Andean country, but follow-through beyond fiscal discipline will be key in order for the positive market reaction to continue, investors and analysts said.

Investors hopeful Mexico's Lopez Obrador will veer to the center

30 Jun 2018

NEW YORK Mexican assets are poised to strengthen even if leftist front-runner Andres Manuel Lopez Obrador wins Sunday's presidential election, analysts say, on expectations he will govern from the center and as the uncertainty stemming from the race fades.

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